Food and Beverages Industry Report Fish Oil Market Research Report, 2016 to 2024 | Page 2

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Applications for fish oil are DCH (direct human consumption), aquaculture, hydrogenation and other industrial uses. Direct human consumption (DHC) will be the major driver responsible for the fish oil market’s growth. Anchovies, mackerel, capelin, and herring are the fishes used for DCH. It has an estimated CAGR of 1.6% during the forecast phase (2014 2020). Aquaculture is expected to dominate over the forecast phase. It is expected to reach a volume of 843.6 tons by 2020, growing at a 1% CAGR over the next six years. Species bred in aquaculture are tilapias, salmon, eels, trout, catfish, fresh crustaceans, marine shrimps, and marine fishes. Salmon and trout are the most popular fish used in aquaculture. It generated revenue of USD 854.7 million in 2013. It is projected to attain revenue of USD 1.49 billion by 2020. North America, Europe, Asia Pacific, and Latin America are the major markets for fish oil. Europe had the largest market in 2013, accounting for 491.5 KT. It has an 8% CAGR over the forecast phase due to high protein levels found in dietary supplements. Asia Pacific will be the fastest growing region owing to the huge demand of fish oil from China. The key players in the fish oil market are Colplex, GC Rieber Oils, COPEINCA ASA, and Omega Protein Corporation. Players will mostly form partnerships or delve in aquaculture due to shortage of raw materials. Browse Related Category Market Reports @ https://www.hexaresearch.com/researchcategory/nutraceuticals-and-functional-foods-industry About Us: Hexa Research is a market research and consulting organization, offering in dustry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/