Published on : Aug 22, 2016
Fish oils are majorly utilized in aquaculture in the form of fish feed and represent a share of more than 75% currently. Fish oils are the major products derived via oily fishes and are utilized for human consumption and as a fish feed in aquacultures. The soaring content of omega-3 in fish oils is majorly responsible for the increasing consumption of fish oils by human beings.
As per Transparency Market Research (TMR), the market for fish oils stood at US$1.1 bn in 2011 and is expected to touch US$1.7 bn by 2018, expanding at a 5.05% CAGR between 2012 and 2018.
Increasing Count of Studies Supporting Health Benefits of Omega-3 Fatty Acids to Boost Market Growth
A number of factors are responsible for the increased demand for fish oils. The rising awareness amongst individuals on the omega-3 fatty acids’ health benefits is a prime driver fuelling the development of the market. In addition¸ the increasing health benefits related to the consumption of omega-3 fatty acids found in fish oils have also been supported by an increasing count of studies, and a number of new studies are being started for exploring their medical utilizations, hence boosting the growth of the overall market.
Direct Correlation between Human Heart Health and Omega -3
In addition, as per a number of studies, it has also been found that individuals consuming omega-3 represented an increased lowering of muscle fibrosis within the heart and in the remaining volume of blood in the left ventricle post contraction. Thus, a correlation amongst heart health and the intake of omega-3 has been proved.
Growing Consumption in Peru and Chile to Fuel Market Growth in Latin America
In terms of geography, the global fish oil market has been segmented into Asia Pacific, North America, Europe, Latin America, and Rest of the World (RoW). Of these, Europe emerged as the prime region dominant in the market for fish oils. This is owing to the old fish farming traditions going on in numerous European nations. On the other hand, owing to the rising consumption of fish oil within Peru and Chile, the region of Latin America is also a prime market dominant in it. Additionally, the Asia Pacific fish oil market is also expected to grow owing to the increasing aquaculture industry within China.