FISH OIL MARKET TO GARNER $2.84 BN GLOBALLY BY 2027

Published 2020년 8월 20일

Tridge summary

The global fish oil market is expected to grow from $1.91 billion in 2019 to $2.84 billion by 2027, at a CAGR of 5.8% from 2021 to 2027, as per a report by Allied Market Research. The growth is driven by the expansion of the aquaculture industry and increasing health awareness, but is hindered by adverse climatic conditions, demand-supply gap, and stringent government regulations. The anchovy segment and the aquaculture segment are projected to grow at the fastest rates. North America is projected to have the highest growth rate, and the market across Asia-Pacific is expected to show the highest CAGR due to the rise of the aquaculture industry.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Fish oil market to garner $2.84 bn globally by 2027. Allied Market Research recently published a report, titled, “Fish Oil Market by Species (Anchovy, Mackerel, Sardines, Cod, Herring, Menhaden and Others), and (Aquaculture, Animal Nutrition & Pet Food, Pharmaceuticals, Supplements & Functional Food and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027″. According to the report, the global fish oil industry was pegged at $1.91 billion in 2019, and is expected to reach $2.84 billion by 2027, growing at a CAGR of 5.8% from 2021 to 2027. Drivers, restraints, and opportunities Significant growth of the aquaculture industry and increasing health awareness have boosted the growth of the global fish oil market. However, adverse climatic conditions, demand-supply gap, and stringent government regulation hamper the market growth. On the contrary, rapid ageing population connectivity and production from by-products are expected to create lucrative opportunities for ...

Source: Fish Focus