An increase in the production of fish oil from by-products and fostering prospects with third party suppliers could otherwise aid in mitigating this threat and in reducing the demand-supply gap. Government regulations that limit the fishing quota create a gap between demand and supply, which mostly affects the market demand for fish oil. Fish oil is the key ingredient in the growth of the aquaculture industry across the globe and it is a crucial factor for the growth of the fish oil market.
Fish oil is essentially used as a feed item in several animals and human nutritional uses, which comprise aquaculture feed, animal & pet feed, pharmaceuticals, dietary supplements, and functional food. NEW YORK, Ap(GLOBE NEWSWIRE) - The global fish oil market is expected to reach USD 5.42 Billion by 2026, according to a new report by Reports and Data. Market Size – USD 3.28 billion in 2018, Market Growth - CAGR of 6.3%, Market Trends – Increase in direct human consumption Rising consumer awareness about the benefits of omega-3 fatty acids on human health is estimated to boost market demand.
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