Connected Living Room Market Global Scenario, Market Size, Outlook, Global Fish Oil Market Global Scenario

Global Fish Oil Market is Expected to Reach $2,364 Million by 2024, Says
Variant Market Research
Global Fish Oil Market Report, published by Variant Market Research, forecast that the
global market is expected to reach $2,364 million by 2024 from $1,524 million in 2016;
growing at a CAGR of 5.6% from 2016 to 2024. By geography, Asia-pacific and Rest of the
World are expected to grow at a CAGR of 6.8% and 6.1%, respectively, during the forecast
period. The global fish oil market is majorly driven by rise in consumer awareness
regarding health benefits of omega-3, augmented aquaculture activities, and increased
direct consumption of fish oil. Moreover, increased use of fish oil as an ingredient in
cosmetic products has also propelled the growth of the market. However, high cost of fish
oil coupled with large demand-supply gap would restrain the market growth in the coming
years. Regulatory support from various agencies such as, The Food and Drug
Administration (FDA) and EFSA (European Food Safety Authority) would provide several
growth opportunities for the market in the coming years.
Browse Complete Report @ https://www.variantmarketresearch.com/report-
categories/food-beverages-/fish-oil-market
The global fish oil market has been categorized on the basis of species and application. The
market by species is segmented into marine fish, tilapias, carps, salmon and trout, and
others. Salmon and trout accounted for the largest market share in 2016, owing to its
increased direct human consumption to improve metabolism and strengthen muscle &
heart. By application, the market is further divided into aquaculture, direct human
consumption, and others. The aquaculture segment accounted for more than half of the