High Demand for Omega 3 Fatty Acids Boosts Global Fish Oil Market


Published Date : Jun 29, 2016

Fish oil is primarily used as fish feed in aquaculture. Over 75% of the fish oil in demand is from aquaculture segment, which is led by trout and salmons, both of which consuming high amount of fish oil. The direct consumption of fish oil by humans is increasing in the recent few years owing to a rise in the demand for omega 3. The rising awareness among people regarding the health benefits of omega 3 fatty acids is expected to boost the demand for fish oil in the future. 

According to a report published by Transparency Market Research, the global fish oil market which was valued at US$1.1 bn in 2011, is expected to reach US$1.7 bn by 2018, expanding at a 5.05% CAGR from 2012 to 2018. 

Brief Snapshot of Scope of Fish Oil Market:

Aquaculture segment accounted for 75% of the global fish oil market in 2011.

Direct human consumption segment to grow exponentially in the market.

Europe is the biggest consumer of fish oil owing to the large farming practice of fishes such as salmons and trout. Moreover, the rising demand for omega 3 as part of daily diet is also fueling the demand for fish oils in the market.

Steady growth expected in Asia Pacific.

Denmark, Peru and Chile to be top producers of fish oil and collectively accounted for 50% of the global production of fish oil. 

Omega Protein Coporation, OPEINCA ASA, Colpex, Croda Inc., and EPAX AS are key players in the global fish oil market.
Fish oil is primarily used as fish feed in aquaculture. Over 75% of the fish oil in demand is from aquaculture segment, which is led by trout and salmons, both of which consuming high amount of fish oil. The direct consumption of fish oil by humans is increasing in the recent few years owing to a rise in the demand for omega 3. The rising awareness among people regarding the health benefits of omega 3 fatty acids is expected to boost the demand for fish oil in the future. 

According to a report published by Transparency Market Research, the global fish oil market which was valued at US$1.1 bn in 2011, is expected to reach US$1.7 bn by 2018, expanding at a 5.05% CAGR from 2012 to 2018. 

Brief Snapshot of Scope of Fish Oil Market:

  • Aquaculture segment accounted for 75% of the global fish oil market in 2011.
  • Direct human consumption segment to grow exponentially in the market.
  • Europe is the biggest consumer of fish oil owing to the large farming practice of fishes such as salmons and trout. Moreover, the rising demand for omega 3 as part of daily diet is also fueling the demand for fish oils in the market.
  • Steady growth expected in Asia Pacific.
  • Denmark, Peru and Chile to be top producers of fish oil and collectively accounted for 50% of the global production of fish oil. 
  • Omega Protein Coporation, OPEINCA ASA, Colpex, Croda Inc., and EPAX AS are key players in the global fish oil market.