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Asia Pacific Fish Oil Market Forecast 2021-2028

The Asia Pacific fish oil market is registered to grow with a CAGR of 2.53% in terms of volume, and 4.77% in terms of revenue, over the forecast years of 2021 to 2028. The region's market growth is attributable to leading aspects, including, the growing aquaculture industry, the rising consumption of fish oil, and the increasing health concerns and consciousness among consumers.

The Asia Pacific fish oil market growth is determined through the assessment of Indonesia, Japan, Australia & New Zealand, India, Vietnam, South Korea, Thailand, China, and the rest of the Asia Pacific. India possesses remarkable geographic conditions for fish catching, thereby encouraging the production of fish oil. With an extensive coastline of 8118 kilometers, the country harbors approximately 2,000 fish landing centers and 4,000 fishing villages. As per the Food and Agricultural Organization (FAO), India's fish output has considerably increased over recent years. Initially, fish oil was used to produce soaps and margarine. However, presently, fish oil is also used for several high-value applications, owing to its nutritive and health advantages, for humans as well as animals.
On the other hand, South Koreans are among the leading consumers of fish oil. The fisheries prevalent in Southeast Asia offer tremendous volumes of raw materials for the production of fish oil and fish meal, and provide essential feed for the aquaculture sector, as well. Therefore, these factors are influential in augmenting the fish oil market in the Asia Pacific, during the forecast period.

Some of the prominent enterprises operating in the market are, GC Reiber Vivomega Oils, BASF SE, Croda International PLC, Omega Protein Corporation, etc.

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Asia Pacific Fish Oil Market Forecast 2021-2028
Published By :Inkwood Research
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