Fish oil is derived from the tissues of fishes which can reduce inflammation. It is a major source of omega-3 acids, docosahexaenoic acid, and eicosapentaenoic acid. Omega-3 acids aid in reducing triglyceride levels, depression levels, and reducing the risk of coronary heart disease.
The Global Fish Oil Market will be valued close to USD 4 billion by 2020. The demand for fish oil in 2013 was 1,090 kilotons (KT). It has an objective of reaching 1,200 KT by 2020. The US FDA (Food and Drugs Administration) has limited the fishing of sharks, a rich source of omega-3 acids. This is due to the high level of mercury, dioxin, and other PCBs present in their body. This can be a major hurdle for fish oil market players. But development of aquaculture in Asia Pacific can help overcome this obstacle.
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Applications for fish oil are DCH (direct human consumption), aquaculture, hydrogenation and other industrial uses. Direct human consumption (DHC) will be the major driver responsible for the fish oil market’s growth. Anchovies, mackerel, capelin, and herring are the fishes used for DCH. It has an estimated CAGR of 1.6% during the forecast phase (2014-2020).
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