Fish Oil for Animal Feed Market Major Players, Analysis and Forecast by 2030

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The global Fish Oil for Animal Feed Market size was USD 2,017.10 Million in 2021 and is expected to register a revenue CAGR of 5.8% over the forecast period, according to the latest report by Reports and Data.

The global Fish Oil for Animal Feed Market size was USD 2,017.10 Million in 2021 and is expected to register a revenue CAGR of 5.8% over the forecast period, according to the latest report by Reports and Data.

Due to its many benefits, people are consuming fish oil at an increasing rate, which is a key component in the market's revenue growth. Fish oil lowers blood pressure and levels, lessens morning stiffness, and soothes achy joints in people. It also lowers the risk of heart disease. Fatty fish like mackerel, sardines, and anchovies are used to make fish oil. The oil is frequently present in a supplement, either as a liquid or in capsule form. Also beneficial for inflammatory conditions, fish oil supports pregnancy, healthy hair, and nursing, all of which are contributing to the market's revenue growth. Taking fish oil supplements throughout pregnancy and nursing improves the development of the baby's vision and reduces the likelihood that they may develop allergies.

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Major Companies:

American Seafoods Company LLC, Colpex International S.A.C, Croda International Plc, FMC Corporation, GC Rieber VivoMega AS, Omega Protein Corporation, Oceana Group Limited, The Scoular Company, FMC Corporation, and Sarma Fish SARL.

key Trends of Fish Oil for Animal Feed Market

  • Growing demand for omega-3 fatty acids: Fish oil is rich in omega-3 fatty acids, which have been associated with numerous health benefits, including heart health, brain function, and reducing inflammation. The increasing awareness of these benefits has led to a rising demand for fish oil as a dietary supplement.
  • Expansion in aquaculture industry: The aquaculture industry, which includes fish farming, has been experiencing significant growth worldwide. Fish oil is a crucial component of aquaculture feed as it provides essential nutrients for fish growth and development. The expansion of the aquaculture sector has contributed to the increasing demand for fish oil.
  • Rising popularity of functional foods and nutraceuticals: Functional foods and nutraceuticals are products that provide health benefits beyond basic nutrition. Fish oil is often used as an ingredient in functional foods and nutraceuticals due to its omega-3 content. With the growing interest in health and wellness, the demand for such products has been on the rise.
  • Increasing use in animal feed: Fish oil is also used in animal feed, particularly in the livestock and pet food industries. It is added to feed formulations to enhance the nutritional profile of the feed and promote animal health. As the global demand for animal protein continues to increase, the use of fish oil in animal feed is expected to grow.

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The global Fish Oil for Animal Feed Market is segmented into:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further market segmentation

Source Outlook (Revenue, USD Billion; 2019-2030)

  • Salmon
  • Cod
  • Anchovy
  • Tuna
  • Mackerel
  • Sardines
  • Herring
  • Others

Form Outlook (Revenue, USD Billion; 2019-2030)

  • Liquid
  • Capsule
  • Pill

Application Outlook (Revenue, USD Billion; 2019-2030)

  • Aquaculture
  • Animal Feed
  • Functional Food Beverages
  • Dietary Supplements
  • Pharmaceuticals
  • Others

Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)

  • Online Retail
  • Supermarkets Hypermarkets
  • Specialty Stores
  • Others

Key Questions Addressed in the Report:

  • What are the dominating factors that are influencing the growth of the industry?
  • In the forecast period, which market segment is expected to rise the most?
  • What are the risks and challenges that the industry is facing?
  • In the coming years, which area is projected to dominate the market?
  • Who are the major players in the market? What kind of strategic business plans have they made?

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