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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/research-category/nutraceuticals-
and-functional-foods-industry
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