Fish Oil Market Report by Source (Anchoveta, Sardine, Capelin, Menhaden, Herring, Anchovy, and Others), Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Online Stores, and Others), End User (Aquaculture, Animal Feed, Nutritional Supplements, Pharmaceutical, and Others), Regions and Company Analysis 2024-2032

Surging demand for Aquaculture

Fish farming, often known as aquaculture, has been expanding quickly to satisfy the growing demand for seafood worldwide. Aquafeed, used to feed farmed fish and other aquatic creatures, needs fish oil as one of its essential ingredients. With the growth of the aquaculture sector comes the need for fish oil, a necessary component of feed formulations. In addition, the consumption of farmed fish has been rising steadily due to environmental concerns and the loss of wild fish sources. Since fish farming offers a more dependable and sustainable source of seafood, there is a more significant requirement for aquafeed, which raises the price of fish oil. Furthermore, the aquaculture sector always works to improve feed efficiency and advance the health and welfare of fish raised in aquaculture. Aquafeed enriched with fish oil has been shown to increase feed conversion ratios, growth rates, and immune system function, increasing aquaculture operations' productivity and profitability.

Technological Advancements in Fish Oil Extraction

The extraction procedure is now more efficient due to advancements in extraction techniques. As a result, fish oil producers may extract more oil with a given amount of raw material, increasing yield and lowering production costs. High-quality fish oil can be extracted using contemporary techniques with little loss of critical fatty acids like omega-3s. This guarantees that fish oil satisfies the quality requirements of several sectors, such as functional foods, nutraceuticals, and medicines. Furthermore, value-added fish oil products with improved functionality and bioavailability can be produced thanks to advanced extraction processes. Technologies like enzymatic hydrolysis and supercritical fluid extraction, for instance, can provide concentrated fish oil supplements with increased omega-3 fatty acid content or better bioavailability.

Asia Pacific Fish Oil Market

Owing to its high fisheries rate from aquaculture and traditional fishing, Asia-Pacific has a substantial portion of the global market for fish oil omega-3. Fish oil omega-3 market growth has been greatly aided by the region's growing use of dietary supplements due to the aging population, increasing health trends, and higher consumer awareness. Considered one of the most thoroughly studied supplements, fish oil alleviates neuropathic and inflammatory pain and lowers the risk of heart disease and musculoskeletal deterioration. As the number of older adults rises, people in the region are becoming more interested in omega-3 supplements, which helps to prevent heart disease.

Furthermore, because of its rising fish production, China is among the world's top producers of oil and fishmeal. The National Bureau of Statistics of China anticipates that the value of Shandong Province's fisheries in 2021 was approximately USD 23.80 billion. With roughly USD 25.16 billion and USD 23.79 billion fishery output values, respectively, Guangdong and Shandong ranked second and third. However, the nation's primary goal is to produce high-grade fish oil suitable for pharmaceutical use so that its applications in the pharmaceutical industry can grow.

Global Fish Oil Company Analysis

Some leading fish oil companies are Croda International Plc., Mukka Proteins Limited, FKS Multi Agro, GC Rieber Oil, Colpex International SAC, Corpesca S.A., FF Skagen A/S and Nutrifynn Caps, Inc.

Global Fish Oil Company News

Nov 2022: Norwegian Biotech, Grontvedt, developed and launched a natural omega-3 product rich in cetoleic acid, originating from a sustainable source of pelagic Atlantic herring fish.

Nov 2022: Solid Gold, the creator of crave-able nutrition, unveiled "Let's Sea Fish Oil," a new fish oil blend designed for cats and dogs of all sizes, breeds, and ages. The manufacturer stated that in addition to providing dogs and cats with gorgeous skin and fur, this tasty and adaptable fish oil is loaded with vital omega fatty acids for nutritional support.

Sep 2021: The AvailOm platform for high-load omega-3 powder in India was unveiled. The FSSAI oversees food safety and authorizes Evonik to import and sell AvailOm in India.

Source – Market breakup in 7 viewpoints:

1. Anchoveta
2. Sardine
3. Capelin
4. Menhaden
5. Herring
6. Anchovy
7. Others

Distribution Channel – Market breakup in 4 viewpoints:

1. Hypermarkets and Supermarkets
2. Specialty Stores
3. Online Stores
4. Others

End Use– Market breakup in 4 viewpoints:

1. Aquaculture
2. Animal Feed
3. Nutritional Supplements
4. Pharmaceutical

Country – Market breakup of 25 Countries:

1. North America

1.1    United States

1.2    Canada

2. Europe

2.1    France

2.2    Germany

2.3    Italy

2.4    Spain

2.5    United Kingdom

2.6    Belgium

2.7    Netherland

2.8    Turkey

3. Asia Pacific

3.1    China

3.2    Japan

3.3    India

3.4    South Korea

3.5    Thailand

3.6    Malaysia

3.7    Indonesia

3.8    Australia

3.9    New Zealand

4. Latin America

4.1    Brazil

4.2    Mexico

4.3    Argentina

5. Middle East & Africa

5.1    Saudi Arabia

5.2    UAE

5.3    South Africa

All the key players have been covered from 4 Viewpoints:

• Business Overview
• Sales Analysis
• Product Portfolio
• Recent Development & Strategies

Key Players Analysis:

1. Croda International Plc.
2. Mukka Proteins Limited
3. FKS Multi Agro
4. GC Rieber Oil
5. Colpex International SAC
6. Corpesca S.A.
7. FF Skagen A/S
8. Nutrifynn Caps, Inc.

Report Details: