Fish Oil Market Forecast, 2021-2026

Fish Oil Market size is estimated to reach $3.2 billion by 2026, growing at a CAGR of 6.4% during the forecast period 2021-2026. Fish oil is derived from the fish tissues that contain omega 3 fatty acids, such as docosahexaenoic acids (DHA) and eicosapentaenoic acids (EPA). Fish oil provides various health benefits, such as improving the cardiovascular system and enhancing the functioning of the nervous system. Fish oil is increasingly being adopted across the world owing to the growing awareness about the benefits of fish oil and the increase in the demand for omega 3 fatty acids. The rise in the adoption of anchovy-based fish oil in developed nations, increase in the demand for menhaden-based fish oils in animal nutrition, rise in awareness about the health benefits of docosahexaenoic acids (DHA), and the growing investment by the key players to develop high-quality fish oil are the factors that are set to drive the growth of the Fish Oil Market for the period 2021-2026.

Download Report Sample

Report Coverage

The report: “Fish Oil Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Fish Oil Market.

By Source: Menhaden, Anchovy, Cod, Mackerel, Herring, Sardines, and Others.

By Form: Soft-Gel and Liquid.

By Application: Animal Nutrition, Aquaculture, Supplements & Functional Food, Pharmaceuticals, and Others.

By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa).


Key Takeaways

  • Geographically, the North America Fish Oil Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the adoption of anchovy-based fish oil in developed nations.

  • The increase in the demand for menhaden-based fish oils in animal nutrition is driving the Animal Nutrition segment. However, adverse climatic conditions is one of the major factors that is said to reduce the growth of the Fish Oil Market.

  • Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Fish Oil Market report.


Fish Oil Market Segment Analysis-By Source

The Fish Oil Market based on the Source can be further segmented into Menhaden, Anchovy, Cod, Mackerel, Herring, Sardines, and Others. The Anchovy segment held the largest share owing to the factors such as the increase in awareness about the presence of docosahexaenoic acids (DHA) in anchovy-based fish oil and the rise in the product launches of anchovy-based fish oils. The growing investment by the key players to develop anchovy-based fish oils is driving the growth of the Fish Oil Market. The Menhaden segment is estimated to be the fastest-growing segment with a CAGR of 6.7% over the period 2021-2026. This growth is owing to the factors such as the growing demand for omega 3 fatty acids in various applications and the increase in the adoption of menhaden-based fish oils in animal nutrition.

Buy Now


Fish Oil Market Segment Analysis-By Application

The Fish Oil Market based on the Application can be further segmented into Animal Nutrition, Aquaculture, Supplements & Functional Food, Pharmaceuticals, and Others. The Animal Nutrition segment held the largest share in 2020 owing to the factors such as the growing adoption of menhaden-based fish oils in animal nutrition and increasing demand for omega 3 fatty acids in animal nutrition. The rise in investment by the key players in countries, such as India and China to develop quality fish oil products in animal nutrition is driving the growth of the Fish Oil Market. The Aquaculture segment is estimated to be the fastest-growing segment with a CAGR of 6.9% over the period 2021-2026. This growth is owing to the factors such as the growing demand for anchovy-based fish oils and the rise in importance of regular stocking for enhancing fish production output.


Partnerships/Product Launches:

  • In April 2020, AlaskOmega has launched Omega 3 concentrate natural fish oils for incorporating high levels of omega-3 into various applications, such as meal replacement powders, energy bars, vitamin blends, dairy products, and other functional foods and beverages.
  • In March 2020, Wiley Companies has launched omega 3 concentrate fish oil that provides a minimum of 200mg docosahexaenoic acids (DHA) and eicosapentaenoic acids (EPA). The product has been designed for use in food and beverages and dietary supplements.
  • In November 2019, BASF SE has entered into a partnership with Ideogen to develop an omega-3 fatty acid solution for addressing the growing concern of patients with chronic non-alcoholic fatty liver disease (NAFLD).


"We also publish more than 100 reports every month in “Food and Beverage”, Go through the Domain if there are any other areas for which you would like to get a market research study."

Location: United States

Comments

Post a Comment

Popular posts from this blog

Power Transformer Market - By Rating , By Cooling Type , By Phase Configuration , By Technology , By Insulation Type , By Application, By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Image
  Power Transformer Market Overview Power Transformer market size is  forecast to reach US$36.9 billion by 2030,  after growing at a  CAGR of 5.9% during 2024-2030.  The global power transformer market is experiencing significant growth, driven by increasing electricity demand, grid modernization, renewable energy integration, energy efficiency initiatives, and urbanization. Green power transformers, with their enhanced energy efficiency, reduced environmental impact, and improved safety features, are emerging as a key segment in the market. Major players like Hitachi Energy and Toshiba are investing heavily to expand their production capacities and meet the growing demand for these sustainable solutions. A major trend in the market is global focus on energy efficiency. The global shift towards sustainable energy practices has significantly impacted the power transformer market. The need for energy-efficient power transformers is being driven by utilities and in...
Read more

Freight Forwarding Market- By Service Type , By Delivery Mode , By Application and By Geography - Opportunity Analysis & Industry Forecast, 2024-2030.

Image
Freight Forwarding Market Overview: The Freight Forwarding Market size is estimated  to reach $14.5 Billion by 2030 , growing at a  CAGR of 6.1% during the forecast period 2024-2030.  The freight forwarding market is driven by globalization, the rise of e-commerce and the increasing demand for faster, more efficient delivery solutions. The growth of international trade fueled by both emerging markets and established economies, logistics digitization and the shift towards supply chain diversification are also contributing to the market’s expansion. The freight forwarding market will continue to evolve with a focus on smart logistics, last-mile delivery solutions and data-driven decision-making. Companies will likely invest heavily in automation, robotics, and  blockchain  technology to improve transparency, reduce fraud and enhance operational efficiency. Meanwhile, as the demand for on-demand and just-in-time delivery grows, real-time shipment tracking, contact...
Read more

Accounts Payable Automation Market - Forecast(2025 - 2031)

Image
  Accounts Payable Automation Market Overview: The  Accounts Payable Automation Market size is estimated to reach $17.4 Billion by 2031, growing at a CAGR of 14.0% during the forecast period 2025-2031.  The accounts payable automation market is driven by the increasing demand for operational efficiency, cost reduction, and improved accuracy in financial processes. Businesses are increasingly adopting cloud-based solutions, AI, and machine learning technologies to streamline invoice processing, reduce human errors, and ensure faster payment cycles. Additionally, the need for enhanced compliance, real-time data analytics, and seamless integration with ERP systems is further fueling market growth across industries. By replacing outdated manual processes with intelligent automation, companies are reducing errors, accelerating payment cycles, and achieving greater cost savings. A significant trend in is the cross-border payments automation , aimed at simplifying international...
Read more