A new report by XploreMR studies the growth drivers, trends, restraints, and highlights of the global fish oil market. Presenting exclusive insights into the market from 2018 to 2028, the report projects that the market will witness notable growth during the forecast. Fish oil finds remarkable adoption as a feed ingredient in animal and human nutritional applications, including aquaculture feed, animal nutrition & pet feed, pharmaceuticals, and supplements & functional food. The growth of the market is predominantly driven by increasing consumer awareness regarding the health benefits of fish oil. Furthermore, the rising prevalence of chronic diseases across the world is asserting consumers to opt for healthy food intake, and is in turn, increasing the usage of omega 3 fish oil in various health supplements and functional food products. Similarly, the adoption of fish oil in functional food, sports nutrition, and the pharmaceutical industry is also expected to complement the market growth.
Health Benefits of Fish Oil Fuel Adoption in Food Industry
Fish oil has been gaining traction in the food production sector, owing to the numerous health benefits associated with its consumption. Backed by the strong presence of vital nutrients, coupled with healthy omega 3 fatty acids, eicosapentaenoic acid, and docosahexaenoic acid, fish oil aids in reducing the risk of death due to heart attack. Furthermore, fish oil is also considered effective in treating abnormal heart rhythms, and slows down the buildup of atherosclerotic plaques. Medical professionals recommend the consumption of fish oil to people suffering from cardiovascular diseases, as it helps in maintaining optimal levels of blood pressure, thereby mitigating the complications. Besides, being a rich source of vitamin A and vitamin D, fish oil is considered equally important for both humans and livestock. Burgeoning awareness among consumers regarding the benefits of fish oil is increasing the consumption, thereby pushing players in the food & beverage (F&B) industry to adopt fish oil in their food products. On this premise, consumption in the F&B industry is significantly contributing to the growth of the market.
Asia Pacific Remains Center of Revenue Opportunities
Asia Pacific is expected to remain at the forefront of market growth through the forecast period, owing to the booming aquaculture sector in the region. Moreover, China is the biggest consumer of fish in the world, and will continue to drive the demand high for the years to come. Similarly, the increasing prevalence of chronic diseases in countries, such as Japan, and India, is propelling the adoption of omega 3 fish oil in these regions. Besides, growing consumption of omega 3 in infants' formulas in China is also anticipated to drive the market on a positive growth trajectory.