Booming Aquaculture Industry to Boost Demand from Global Fish Oil Market

Transparency Market

Research

Global Fish Oil Market - Industry Analysis, Size, Share, Growth,

Trends and Forecast 2012 – 2018

Published Date

21-05-2013

62 Page Report

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Press Release

Fish Oil Market to Reach US$1.7 Bn by 2018 due to Rising Awareness of

Health Benefits

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Fish Oil Market

REPORT DESCRIPTION

Efficient animal production systems must boast of a good nutritional support, which is extremely crucial for

economically producing high-quality and healthy products. In fish farming, ensuring the adequate level of

nutrition is essential, since feed represents almost 40% to 50% of the total cost incurred during production.

Fish oil, which is mostly used in aquaculture as fish feed, has advanced dramatically in recent times with

the advent of newer and balanced commercial diets that help ensure optimal growth and health of fish.

The development of diet formulations specific to particular fish species has contributed significantly to the

expansion of the global aquaculture industry. It has also helped the industry satisfy the escalating demand

for safe, high-quality and affordable fish and seafood products.

Fish oils are widely used in aquaculture as fish nutrition or fish feed. Aquaculture also accounts for more

than 75% of the global fish oil demand.

According to a recently published report, the global fish oil market, which was valued at US$1.1 billion in

2011, is projected to be worth US$1.7 billion by the end of 2018, registering growth at a moderate CAGR of

5.05% from 2012 to 2018. The report also states that the market sold approximately 1,035 kilo ton of fish

oil in 2011. If the growth trend continues, by 2018 the market will be able to produce 1,130 kilo tons,

registering growth in volume at a CAGR of 1.22%...