According to Renub Research report titled, “Fish Oil Market, Size, Share, Global Forecast 2022-2027, Industry Trends, Growth, Outlook, Impact of COVID-19, Opportunity Company Analysis” the Global Fish Oil Market Size was US$ 2.3 Billion by 2021. Fish oil is extracted from eicosapentaenoic acids (EPA) and docosahexaenoic acids (DHA), which are omega 3 fatty acids found in fish tissue. Globally, aquaculture, animal nutrition & pet feed, supplements & functional food, medicines, and other industries extensively use omega 3 fatty acids. Moreover, fish oil plays a significant role in the proper functioning of the nervous system and helps to improve the cardiovascular system. The increased knowledge of the value of Omega 3 fatty acids among medical experts and the general population has resulted in a significant increase in fish oil consumption. As a result, firms are increasingly adding concentrated EPA and DHA to their nutraceutical product lineup. Therefore, the global fish oil market has been impacted significantly by the increased need for EPA and DHA in human nutrition.
Global Fish Oil Market is expanding with a moderate CAGR of 3.66% during 2021-2027:
Fish oil is widely acknowledged as an essential nutrient for both humans and livestock. Fish oil is commonly utilized in aquaculture, which will drive the fish oil market due to its high amount of n-3 long-chain polyunsaturated fatty acids, particularly EPA and DHA acids, and its balanced fatty acid composition and capacity to trigger a robust feeding response in aquatic animals.