Fish Oil Products Market in the US 2016-2020
About Fish Oil Products in the US
Fish oil is derived from tissues of oily fish species and contains a high percentage of long chain omega-3 fatty acids, such as EPA and DHA. These omega-3 fatty acids are essential nutrients for humans and animals. Fish oil is mainly used as a feed ingredient in many animal and human nutritional applications that include aquaculture feed, pharmaceuticals, animal nutrition and pet feed, and supplements and functional food. Fish oil is the primary ingredient in aqua feed, and the growth of the global aquaculture industry fuels the growth of the fish oil market. The rising incidence of chronic diseases has resulted in the increasing awareness of the benefits of omega-3 fish oil in the form of health supplements and functional food.
Technavio’s analysts forecast the fish oil products market in the US to grow at a CAGR of 5.89% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the fish oil products market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of fish oil products in aquaculture and through direct human consumption (DHC).
Technavio's report, Fish Oil Products Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Fish Oil Products Market in the US 2016-2020
Technavio recognizes the following companies as the key players in the fish oil products market in the US: Barlean's, FMC, Nordic Naturals, Nutrifynn Caps, Omega Protein, and Wiley's Finest
Other Prominent Vendors in the market are: Abundant Health Labs, BodyVega Nutrition, Captek Softgel International, Crocker's Fish Oil, Daybrook Fisheries, General Nutrition Centers, Marine Ingredients, Nature Made, OTH Health, Puritan's Pride, and The Infinity Health Group
Commenting on the report, an analyst from Technavio’s team said: “New age consumers are cognizant of the environmental impact of the products they buy. They attempt to make product choices that have the least impact environmentally. This is all too relevant in the fish oil market as consumers may reject products that are not demonstrably environment friendly. Newly launched fish oil products display on-pack labels that state that the fish have been sourced traceably and responsibly. This assumes greater prominence in light of concerns over mercury contamination of certain fish species.”
According to the report, EPA and DHA are long-chain omega-3 fatty acids that are vital to the functioning of most organ systems of the human body. These polyunsaturated fats help maintain cardiac health, brain and eye functioning, immune system, and others. Fish oil contains more than 60% combined concentration of EPA and DHA. These long-chain omega-3 fatty acids are far more potent than short-chain fatty acids like alpha linoleic acid (ALA) found in plant sources like flax seeds. This has resulted in a surge in demand for EPA and DHA and products containing them. Higher concentrations enable smaller and more palatable dosage forms. This makes fish oil sources more lucrative for use in the pharmaceutical and nutraceutical industries, as smaller quantities of fish oil in products or supplements will provide the required nutritive value in a single-serve dosage form. The pharmaceutical and nutraceutical industries have harnessed this attribute of fish oil, particularly in formulating supplements for pregnant women and young children.
Further, the report states that the aquatic environment presents a unique set of challenges, vastly different from those in a terrestrial environment. Animal waste is more mobile in an aquatic environment and this can lead to pollution from open water fish farms. Fish waste does not contain human microbial pathogens. This is the fundamental difference between aquaculture farms and terrestrial livestock farms. This entails different policies for waste treatment and management.
Barlean's, FMC, Nordic Naturals, Nutrifynn Caps, Omega Protein, Wiley's Finest, Abundant Health Labs, BodyVega Nutrition, Captek Softgel International, Crocker's Fish Oil, Daybrook Fisheries, General Nutrition Centers, Marine Ingredients, Nature Made, OTH Health, Puritan's Pride, The Infinity Health Group.