Global Fish Oil Market was valued at USD 2.76 Billion in 2014, and is expected to register a CAGR of 6.2% during 2020–2026. Rising consumer awareness about the benefits of omega-3 fatty acids, growing demand for hydrogenated vegetable oils, and rising product consumption in protective coatings and lubricants are driving the market growth.
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Fish oil is rich source of fat that is capable of regulating triglycerides and cholesterol levels. As high triglycerides can shoot up the risk of heart disease, doctors and medical professionals recommend intake of fish oil supplements. These oils are generally recognized as safe for consumption in adults and children. When fish oil supplements are prepared, mercury and polychlorinated biphenyl is eliminated. For instance, king mackerel, shark and farm-raised salmon involve high chances of contamination. On the commercial front, the demand analysis for the oil comprise determination of consumer trends and rising importance of omega-3 fatty acids.
Omega-3 fatty acids are universally considered omnipotent as fish oil are rich with omega-3 that benefits the heart health, minimizes cancer risks and improves brain functioning. In some cases, regular consumption of the oil is shown to improve cellular functions and reduce the risk of heart disease. In another instance, fish oil is known to treat atherosclerosis wherein the arteries become narrow and a layer of plaque starts accumulating. This involves a complicated process that comprises platelets, tissue cells and low-density lipoproteins and cholesterol. As a counter measure, fish oil minimizes the activity of platelets and slows down the narrowing of arteries thereby reducing the chances of heart attack. Research indicates that fish oil potentially reduces the risk of heart attack in people with significant atherosclerosis.
Fish Oil Market Drivers:
The fish oil market is driven by increase in demand for fish and fish products on a global scale. Growth in number of vendors in the aquaculture industry is expected to boost the demand for fish oil products. In addition, increase in chronic diseases among consumers is likely to result in developing a high level awareness for high nutrition foods. However, stringent regulations in several countries is likely to result in a confined market growth throughout the forecast span. Moreover, trade imbalances and the demand-supply gap is expected to create more challenges.