Fish Oil Market is expected to reach US$ 3,178.28 million by 2028

Various Health Benefits Associated with Fish Oil is expected to Escalate Fish Oil Market Growth During 2021–2028

According to our latest market study, titled "Fish Oil Market Forecast to 2028 – COVID-19 Impact and Global Analysis – By Species Type (Blue Whiting, Anchoveta, Sardine, Capelin, and Others) and Application (Pharmaceuticals, Animal Nutrition and Pet Food, Aquaculture, Dietary Supplements, and Others)," the fish oil market size was valued at US$ 2,087.39 million in 2021 and is projected to reach US$ 3,178.28 million by 2028. It is expected to grow at a CAGR of 6.2% from 2021 to 2028. The report highlights key factors driving the fish oil market growth and prominent players and their progress in the market.

Fish oil is derived from various species of fish. The fish oil is derived from small, pelagic fish, such as sardines, mackerel, and anchovy, and are being increasingly used in pharmaceuticals and dietary supplement industries.  

Fish oil is associated with various health benefits and helps in reducing the risk of cardiovascular diseases, lowers blood pressure, and slows the buildup of atherosclerotic plaques. Fish oil is also considered one of the valuable nutrients for both humans and livestock. Fish liver oil and fish body oil are the two types of fish oil. Fish oil is a rich source of Omega-3 fatty acids and includes the presence of vitamins and minerals, such as vitamin A and vitamin D, which are essential for the human body. In addition, the DHA present in fish oil improves memory and cognitive function and plays an important role in the development of an infant's brain. Thus, such health benefits are aiding the fish oil market growth across the world.

Pesquera Exalmar S.A.A.; Omega Protein Corporation; Pelagia AS; Copeinca; Coplex International S.A.C; Triplenine; FF Skagen A/S; DSM; Croda International PLC; and BASF SE are some of the well-established players in the fish oil market.

Impact of COVID-19 Pandemic on Fish Oil Market Growth

The COVID-19 pandemic negatively impacted the food and beverage industry with the shutdown of manufacturing facilities, difficulty in procuring raw materials, and restrictions on logistic operations. The disruptions in the supply of raw materials to manufacturers hampered fish oil production. However, during the pandemic, the demand for fish oil increased due to the rising trend of healthy food consumption. The increased focus of consumers on their health due to the COVID-19 pandemic is also aiding the fish oil market demand, which is expected to support its recovery over the forecast period.  

Fish Oil Market Size, by Region, 2021 - 2028

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Fish Oil Market 2028 Industry Revenue, Size, Share and Trend

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Fish Oil Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Species Type (Blue Whiting, Anchoveta, Sardine, Capelin, and Others) and Application (Pharmaceuticals, Animal Nutrition and Pet Food, Aquaculture, Dietary Supplements, and Others)

The "Global Fish Oil Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the trend analysis of the global fish oil market. The report aims to provide an overview of the market with detailed market segmentation. The fish oil market is segmented based on species type, application, and geography. Based on the species type, the market is bifurcated into blue whiting, anchoveta, sardine, capelin, and others. Based on the application, the fish oil market is bifurcated into pharmaceuticals, animal nutrition and pet food, aquaculture, dietary supplements, and others. Based on the geography, the fish oil market is segmented into five main regions: North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America.

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