FISH OIL MARKET TO GARNER $2.84 BN GLOBALLY BY 2027

Fish Oil

United Kingdom

Published Aug 21, 2020

Tridge summary

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

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