Booming Aquaculture Industry to Boost Demand from Global Fish Oil Market

Booming Aquaculture Industry to Boost Demand from Global Fish Oil Market

  • Submitted By: amyjames
  • Date Submitted: 03/11/2016 1:58 AM
  • Category: Business
  • Words: 1445
  • Page: 6

Transparency Market

Global Fish Oil Market - Industry Analysis, Size, Share, Growth,
Trends and Forecast 2012 – 2018

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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


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%...

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