Market Overview:
The global fish oil market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for fish oil in the aquaculture and direct human consumption applications. Additionally, the growing awareness about the health benefits of fish oils is also propelling the growth of this market. The salmon and trout segment accounted for majority share of the global fish oil market in 2017 and is projected to maintain its dominance during the forecast period. This can be attributed to factors such as rising demand for salmon and trout products due to their high nutritional value, coupled with increasing awareness about their health benefits among consumers across regions. In terms of application, aquaculture was a leading segment in 2017 and is projected to grow at a higher CAGR during 2018-2030 owing to increase in production volume globally coupled with rising consumer preference for seafood over other meat items.
Product Definition:
Fish oil is a type of oil that is derived from fish. Fish oil contains high levels of omega-3 fatty acids, which are beneficial for the body. Omega-3 fatty acids can help to reduce inflammation and may also have benefits for heart health.
Salmon and Trout:
Salmon and trout are two different species of fish which are widely farmed in the industry. Salmon is mostly cultivated in Norway, Chile, Scotland and New Zealand whereas trout is raised mainly in India. The salmon oil contains omega 3 fatty acids which helps to reduce inflammation thereby preventing chronic diseases such as heart disease, arthritis etc., while the trout oil helps to improve skin conditions such as psoriasis.
The growth factor present in fish oil can be extracted.
Marine Fish:
Marine fish is the name given to various salt water aquatic species of fish. The marine environment plays a very important role in the life cycle of these fishes. Marine fish are cold water fishes found in the Pacific and Atlantic Oceans, as well as Indian and Southern oceans. They live in pelagic (free ranging) or benthic (bottom feeding) modes depending upon their location.
Application Insights:
Aquaculture was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The product is used as feedstock for aquaculture owing to its high content of omega 3 fatty acids, which enhances fish growth and health. Rising importance of salmonid fishes, such as Atlantic salmon (Salmo salar) and Chinook salmon (Oncorhynchus tshawytscha), in freshwater aquaculture production due to their robustness, easy adaptability to captivity and high productivity has driven demand for fish oil globally.
The direct human consumption segment accounted for a market share of 24% in terms of volume in 2017 on account of increasing awareness regarding dietary supplements among consumers across the globe. Rising disposable income levels coupled with changing lifestyles have led people worldwide towards a healthy diet including more marine products into their diets which has positively influenced market growth over recent years.
Regional Analysis:
North America was the largest regional market in 2017 owing to growing aquaculture activities. The region is expected to maintain its dominance over the forecast period due to increasing consumption of fish oil as a dietary supplement. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 on account of rising aquaculture production coupled with expanding food and beverage sector in China, India, Thailand, Vietnam, and Indonesia.
The Indian government has taken several initiatives for development of aquaculture industry by providing various financial aids such as subsidies on electricity charges for setting up ponds and other structures required for raising aquatic animals including carp/mullet species that are rich in omega 3 fatty acids.
Growth Factors:
- Increasing awareness about the health benefits of fish oil is driving the growth of the market.
- Rising demand for omega-3 fatty acids from dietary supplements and functional foods manufacturers is propelling the growth of the market.
- Growing use of fish oil in personal care products is another major factor fuelling its demand worldwide.
- The increasing incidence of chronic diseases such as heart disease, cancer, and diabetes is also boosting demand for fish oils as a preventive measure.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fish Oil Market Research Report
By Type
Salmon and Trout, Marine Fish, Carps, Tilapias, Others (Eels, mackerels, herrings)
By Application
Aquaculture, Direct Human Consumption, Others (Hydrogenation and Industrial)
By Companies
TripleNine Group, COPEINCA, Austevoll Seafood ASA, China Fishery Group, FF Skagen A/S, Pesquera Diamante S.A., Camanchaca, OLVEA Fish Oils, Omega Protein Corporation, Pesquera Pacific Star, Orizon SA, Oceana Group, Pioneer Fishing, Kobyalar Group, CV. Sari LautJaya, Animalfeeds International, Nissui Group, Havsbrún, Eskja, HB Grandi, United Marine Products, Pesquera Exalmar, Hainan Fish Oil, Jiekou Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Fish Oil Market Report Segments:
The global Fish Oil market is segmented on the basis of:
Types
Salmon and Trout, Marine Fish, Carps, Tilapias, Others (Eels, mackerels, herrings)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aquaculture, Direct Human Consumption, Others (Hydrogenation and Industrial)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TripleNine Group
- COPEINCA
- Austevoll Seafood ASA
- China Fishery Group
- FF Skagen A/S
- Pesquera Diamante S.A.
- Camanchaca
- OLVEA Fish Oils
- Omega Protein Corporation
- Pesquera Pacific Star
- Orizon SA
- Oceana Group
- Pioneer Fishing
- Kobyalar Group
- CV. Sari LautJaya
- Animalfeeds International
- Nissui Group
- Havsbrún
- Eskja
- HB Grandi
- United Marine Products
- Pesquera Exalmar
- Hainan Fish Oil
- Jiekou Group
Highlights of The Fish Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Salmon and Trout
- Marine Fish
- Carps
- Tilapias
- Others (Eels, mackerels, herrings)
- By Application:
- Aquaculture
- Direct Human Consumption
- Others (Hydrogenation and Industrial)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fish Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fish oil is a type of omega-3 fatty acid. Omega-3 fatty acids are important for your body because they help to prevent heart disease, stroke, and other chronic diseases.
Some of the key players operating in the fish oil market are TripleNine Group, COPEINCA, Austevoll Seafood ASA, China Fishery Group, FF Skagen A/S, Pesquera Diamante S.A., Camanchaca, OLVEA Fish Oils, Omega Protein Corporation, Pesquera Pacific Star, Orizon SA, Oceana Group, Pioneer Fishing, Kobyalar Group, CV. Sari LautJaya, Animalfeeds International, Nissui Group, HavsbrƒÂºn, Eskja, HB Grandi, United Marine Products, Pesquera Exalmar, Hainan Fish Oil, Jiekou Group.
The fish oil market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fish Oil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fish Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fish Oil Market - Supply Chain
4.5. Global Fish Oil Market Forecast
4.5.1. Fish Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fish Oil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fish Oil Market Absolute $ Opportunity
5. Global Fish Oil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fish Oil Market Size and Volume Forecast by Type
5.3.1. Salmon and Trout
5.3.2. Marine Fish
5.3.3. Carps
5.3.4. Tilapias
5.3.5. Others (Eels, mackerels, herrings)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fish Oil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fish Oil Market Size and Volume Forecast by Application
6.3.1. Aquaculture
6.3.2. Direct Human Consumption
6.3.3. Others (Hydrogenation and Industrial)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fish Oil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fish Oil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fish Oil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fish Oil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fish Oil Demand Share Forecast, 2019-2029
9. North America Fish Oil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fish Oil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fish Oil Market Size and Volume Forecast by Application
9.4.1. Aquaculture
9.4.2. Direct Human Consumption
9.4.3. Others (Hydrogenation and Industrial)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fish Oil Market Size and Volume Forecast by Type
9.7.1. Salmon and Trout
9.7.2. Marine Fish
9.7.3. Carps
9.7.4. Tilapias
9.7.5. Others (Eels, mackerels, herrings)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fish Oil Demand Share Forecast, 2019-2029
10. Latin America Fish Oil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fish Oil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fish Oil Market Size and Volume Forecast by Application
10.4.1. Aquaculture
10.4.2. Direct Human Consumption
10.4.3. Others (Hydrogenation and Industrial)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fish Oil Market Size and Volume Forecast by Type
10.7.1. Salmon and Trout
10.7.2. Marine Fish
10.7.3. Carps
10.7.4. Tilapias
10.7.5. Others (Eels, mackerels, herrings)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fish Oil Demand Share Forecast, 2019-2029
11. Europe Fish Oil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fish Oil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fish Oil Market Size and Volume Forecast by Application
11.4.1. Aquaculture
11.4.2. Direct Human Consumption
11.4.3. Others (Hydrogenation and Industrial)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fish Oil Market Size and Volume Forecast by Type
11.7.1. Salmon and Trout
11.7.2. Marine Fish
11.7.3. Carps
11.7.4. Tilapias
11.7.5. Others (Eels, mackerels, herrings)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fish Oil Demand Share, 2019-2029
12. Asia Pacific Fish Oil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fish Oil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fish Oil Market Size and Volume Forecast by Application
12.4.1. Aquaculture
12.4.2. Direct Human Consumption
12.4.3. Others (Hydrogenation and Industrial)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fish Oil Market Size and Volume Forecast by Type
12.7.1. Salmon and Trout
12.7.2. Marine Fish
12.7.3. Carps
12.7.4. Tilapias
12.7.5. Others (Eels, mackerels, herrings)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fish Oil Demand Share, 2019-2029
13. Middle East & Africa Fish Oil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fish Oil Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fish Oil Market Size and Volume Forecast by Application
13.4.1. Aquaculture
13.4.2. Direct Human Consumption
13.4.3. Others (Hydrogenation and Industrial)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fish Oil Market Size and Volume Forecast by Type
13.7.1. Salmon and Trout
13.7.2. Marine Fish
13.7.3. Carps
13.7.4. Tilapias
13.7.5. Others (Eels, mackerels, herrings)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fish Oil Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Fish Oil Market: Market Share Analysis
14.2. Fish Oil Distributors and Customers
14.3. Fish Oil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. TripleNine Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. COPEINCA
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Austevoll Seafood ASA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. China Fishery Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. FF Skagen A/S
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pesquera Diamante S.A.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Camanchaca
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. OLVEA Fish Oils
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Omega Protein Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Pesquera Pacific Star
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Orizon SA
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Oceana Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Pioneer Fishing
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kobyalar Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. CV. Sari LautJaya
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Animalfeeds International
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Nissui Group
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Havsbrún
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Eskja
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. HB Grandi
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
