Global Fish Oil Market Will Reach Usd 2.93 Billion by 2020

Published By: Zion Research

Fish Oil (Anchovy, Mackerel, Sardines, Cod, Herring, Menhaden, Others)
Market for Aquaculture, Animal Nutrition & Pet, Food, Pharmaceuticals
Supplement & Functional Food and Other Applications: Global Industry
Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends
and Forecast, 2014 – 2020

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Fish Oil Market

Zion Research has published a new report titled “Fish Oil (Anchovy, Mackerel, Sardines, Cod,
Herring, Menhaden, Others) Market for Aquaculture, Animal Nutrition & Pet, Food,
Pharmaceuticals Supplement & Functional Food and Other Applications: Global Industry
Perspective, Comprehensive Analysis and Forecast, 2014 - 2020.” According to the report, the
global fish oil market accounted for USD 2.22 Billion in 2014 and is expected to reach USD 2.93
Billion by 2020, growing at a CAGR of around 4.8% between 2015 and 2020.
The global fish oil market is expected to witness significant growth over the forecast period on
account of increasing demand from aquaculture industry. Fish oil plays an important role in
prepared diets for carnivorous and omnivorous aquaculture species. The growing aquaculture
industry and the consequent demand for fish oil is expected to drive the demand for fish oil in
the aquaculture industry within the forecast period. Furthermore, the increasing awareness on
the usage of omega 3 acid owing to its growing health benefits is expected to augment the
demand for fish oil in the years to come. However, frequency and intensity of extreme climatic
changes coupled with huge gap between world demand for fish and the actual harvest from the
world's natural stocks is expected to curb the growth of fish oil market over the years.
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