Fish Oil Market

Fish Oil Market
Opportunity Analysis and Industry Forecast, 2016-2023
Global Opportunity Analysis and
Industry Forecast,
2014-2020

Introduction
• Fish Oil Market is expected to garner $2.63 billion by 2020, registering a
CAGR of 6.1 % during the forecast period 2015-2020
• Fish oil is largely used as a feed ingredient in numerous animal and human
nutritional applications, which include aquaculture feed, animal nutrition
& pet feed, pharmaceuticals, supplements & functional food
• Asia Pacific would continue to be the major regional market due to high
concentration of aquaculture industry
• China is the biggest fish oil consumer in the world and this is mainly due to
the highest concentration of aquaculture industry in this region

Key Factors of the Market
• Fish oil is widely adopted in numerous human and animal nutrition
applications as a food and feed supplement due to its high content of
essential long chain omega 3 fatty acid
• The popularity of omega 3 fish oil in various applications, such as
supplements & functional food (nutraceutical) and pharmaceutical, is
also providing boost to the market
• Presently, the aquaculture application holds the largest market share;
however, the supplement & functional food will evolve as one of the
promising application markets
• The rising aquaculture production in Asian countries such as China, India,
Vietnam and Indonesia, leads to increased usage of aquaculture grade
fish oil in the region.

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Key Benefits of the Market
• Supplement & functional food segment constitutes the lucrative fish oil
application with high Y-o-Y revenue growth
• Presently, Asia Pacific holds the largest market share, followed by Europe in
the overall fish oil market, in terms of consumption
• Among all fish species studied, largest volume of oil is produced from
anchovy fishes
• China and Japan collectively accounts for about 39% market share of global
fish oil market
• Denmark and Norway are major producers and consumers of fish oil in the
Europe market

Market Segmentation

Key Players of the Market
• TASA
• Omega Protein Corporation
• FMC Corporation
• Copeinca AS
• Corpesca SA
• Colpex international
• TripleNine
• FF Skagen A/S
• Pesquera Diamante S.A
• Marvesa Holding N.V. and
• Pesquera Exalmar
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