Fish oil market (2021-2025) | Fish oil consumption high in the enriched F&B sector; Fairfield Market Research Reports Steady Production and Prices Amid COVID-19

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The unprecedented rise in the prevalence of chronic diseases, which further increases the need for healthier diets, will be the key driver of fish oil consumption in the world market. A new Fairfield market research study in their upcoming report reveals some interesting insights into the global fish oil landscape and its growth pattern through 2025. Cardiovascular disease, blood pressure issues, inflammatory diseases, growing Alzheimer’s risk, and aging are some of the most common conditions that compel people to do so to include fortified dietary supplements like fish oil in their routine. Among the top sources of fish oil, anchovies remain the most sought-after, especially by top producers like the United States and Peru.

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The health benefits of omega-3 fatty acids continue to drive demand in both human and animal nutrition segments

Fish oil, fortified with eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), is also gaining traction in those who seek healthy fetal development and healthier aging. Increasing dietary recommendations for omega-3 fatty acids are making a major contribution to the growth of the global fish oil market. The increasing consumption of fish oil and its ingredients by the processed F&B sector is another boost for fish oil producing companies. In addition to nutritional supplements and functional F&B, which have a maximum consumption of omega-3 fatty acids, fish oil is in great demand in the areas of animal nutrition, animal feed and aquaculture.

Maintain fish oil production even in COVID-19 pandemic

Denmark, the leading fish oil producer, had a share of over 50% of the global volume in 2019. By 2018 Denmark was the largest exporter, followed by Spain, while Norway was the largest target market for fish oil. Overall, Europe contributed a significant 16% volume share of the global fish oil market in 2019. The International Organization for Fish Meal and Fish Oil (IFFO) found that despite a measurable decline in the main fishmeal-producing countries, production and prices remained stable over the past year.

Global fish oil production has seen an impressive 12% growth since 2020 and the volume has increased by nearly 30,000 tons, according to IFFO. The US, Chile and India remain top producers of fish oil and continue to contribute nearly 50% of the world’s production. Although these key producers were exposed to the heat of the COVID-19 pandemic, which resulted in a decrease in individual production volumes, secondary producers, including Germany, Russia, Thailand and Morocco, complemented global production very well for the stability of overall products and prices maintain.

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New research could prevent the widespread consumption of fish oil supplements

A recent report on the seven-year study revealed a shockingly surprising fact that the omega-3 fatty acid fish oil supplements have a possible link to an abnormal heart rhythm – atrial fibrillation, which increases the likelihood of stroke nearly five times. The study enrolled 50,000 participants and was published in the journal of the European Society of Cardiology (ESC). These and other findings could prove to be the trailblazers for fish oil and related products around the world. Experts are also suggesting stopping self-prescribing fish oil supplements, indicating a potential hurdle to selling robust fish oil supplements in the near future.

Important market players in the fish oil landscape

Pesquera Exalmar, Pesquera Pacific, Pesquera Diamante SA, Omega Protein Corporation, China Fishery Group, Kobyalar Group, Animal Feeds International, United Marine Products, FF Skagen A / S and the Nissui Group Some of the leading players determine the competitive landscape of the global fish oil market.

The main players have envisaged the possibility of introducing new product variants by F&B processors. The Coca-Cola Company announced the launch of a new line of multi-flavor omega-3 fortified beverages (under the Gomega brand, 2019). Recently, in 2020, Feliscity Nutrition, Inc. introduced a new omega-3 sports drink (under the Enhanced Recovery brand). That same year, Wiley Companies launched a Marine Stewardship Council (MSC) and Halal certified omega-3 concentrate powder that is ideal for use in a variety of F&B products and dietary supplements.

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Fairfield Market Research is a UK based market research provider. Fairfield offers a wide range of services, from custom reports to advisory solutions. With a strong European presence, Fairfield operates globally and supports companies in navigating business cycles with quick answers and complex approaches. The company places great emphasis on an eye for insightful insights into global affairs, supported by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published and updated to ensure that the ever changing needs of customers are met with absolute speed.

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London, United Kingdom

UK +44 (0) 20 30025888

USA +1 (844) 3829746 (toll free)

Email: mail@fairfieldmarketresearch.com

Follow us on LinkedIn: https://bit.ly/3voYIm9

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