GlobalFish Oil Market: Overview
The fat orthe oil that is extracted from the tissue of fish is called fish oil.Generally, fish oil is mostly extracted from oily fish such as mackerel,anchovies, tuna, and herring. Sometimes, it is also extracted from the liversof various other fish as well, A case in point is cod liver oil, which isextracted from the livers of Atlantic cod. The global fish oil market isexpected to gather momentum from the growing popularity of fish oil as usuallyconsumed dietary supplements.
Omega-3fatty acids are very significant for the health and fish oil comes withsubstantial amount of omega-3 fatty acids. According to the recommendations ofWorld Health Organization (WHO), eating 1 to 2 portions of fish every week isgood for health. This is due to the fact that omega-3 fatty acids in fishoffers several health benefits thereby safeguarding against many diseases. Thisis estimated to bolster the growth of the globalfish oil market over the years of projections
However,fish oil supplements are needed if 1 or 2 servings of fish every week is notavailable. In this case, these supplements help in meeting the weeklyrequirements of fish oil. These supplements can help in getting enough omega-3sdespite not consuming fish directly. The global fish oil market is driven bythe increased research and development activities to come up with improvedprocess of extraction of fish oil. Besides, health experts across the globehave raised the recommended daily dietary intake of fish oil. As such, this hasincreased the consumption of fish oil, thereby bolstering growth of the market.
Application,species, and region are the three key parameters based on which the global fishoil market has been divided. The objective of such segmentation is to provide aclearer, all-inclusive view of the global fish oil market.
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GlobalFish Oil Market: Notable Developments
One of thedevelopments that offer a glimpse of the market dynamics about the global fishoil market is mentioned below:
· In July 2019, following a joint venture between Koninklijke DSMN.V. and Evonik Industries AG, a new plant has been commissioned in the US.This new plant makes a new, special algal oil that would contain omega-3 fattyacids, which is required for the farming of healthy salmon. This algal oil isproduced utilizing the process of fermentative manufacture of natural marinealgae. This venture is expected to increase the sales of fish oil.
Somewell-known organizations in the global fish oil market include thebelow-mentioned:
· Koninklijke DSM N.V.
· Omega Protein Corporation
· GC Rieber
· Croda International Plc
· American Marine Ingredients
· Epax Norway AS
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GlobalFish Oil Market: Key Trends
The globalfish oil market is characterized by the presence of the following restraints,drivers, and opportunities.
Rising Geriatric Population to Drive the Demand for Fish Oil
Directhuman consumption accounts for most of the consumption of fish oil and thistrend is likely to continue to over the years of projection. High demand forfood supplements and functional food in certain parts of the world such asJapan, China, and India is further expected to drive the demand for fish oil.Increased consumption of long-chain (LC) –omega is estimated reduce the risk ofvarious health issues such as Crohn’s disease, eczema, psoriasis, asthma, andcardiovascular diseases. In addition to that, growing consumption of fish oilis also known to assist in maintaining health of the brain and bettersneurological development in children. This factor is estimated to create hugepotential for the global fish oil market in the years to come.
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Expansionin the pool of ageing population together with the rising trend toward healthylifestyle
is likelyto drive the demand for the product. Furthermore, increased awareness amongstthe consumers about the benefits of dietary supplements such as fish oil isestimated to add to the growth of the market over the years of assessment.
Peruviananchovy fish comes with an extremely high concentrations of docosahexaenoicacid (DHA) and eicosapentaenoic acid (EPA) polyunsaturated fatty acids of anykind of fish species. Although anchovy eaten as a whole fish but this speciesof fish is mostly utilized for the purpose of extracting fish oil, which isused in the making of capsules and feed. Anchovies are a rich source of manyimportant minerals, vitamins, protein, and omega-3 fatty acids. In addition tothat, anchovies come with extremely low concentration of mercury amongst alltypes of fish. This makes them a very nutritious and safe option of fish oil.
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