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Fish Oil Market in Asia Pacific Will Reach $1.5 Billion by 2020 - Projects ApacMarket.Com


News provided by

ApacMarket.com

23 Jun, 2015, 12:42 GMT

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ApacMarket.com logo (PRNewsFoto/ApacMarket.com)

SYDNEY, June 23, 2015 /PRNewswire/ --

According to a new report published by apacmarket.com, titled, "Asia Pacific Fish Oil Market (Application, Species and Geography) - Country Analysis, Segmentation and Forecast, 2014 - 2020", the Asia Pacific fish oil market will grow at a CAGR of 5% from 2015 to 2020. Presently, aquaculture application segment accounts for about 2/3rd of the Asia Pacific fish oil market revenue. China would continue to consolidate its leading position due to a high concentration of the aquaculture industry.

     (Logo: http://photos.prnewswire.com/prnh/20150521/745123 )

Rising concern of chronic diseases such as cardiovascular and eye & joint deterioration is propelling the consumption of omega-3 fish oil in pharmaceutical and supplements & functional food application segments in the region. The Asia Pacific fish oil industry is largely affected by the demand-supply gap, caused by stringent fishing quotas and adverse climatic conditions in the major fish producing countries. However, increasing fish oil production through fish by-products (such as the head, viscera and backbone of the fish) would minimize the demand-supply gap to a certain extent.

Aquaculture application segment consumes about 5/7th of the APAC fish oil market. More than 80% of the fish oil is consumed by the aquaculture industry in China, and similar trend is observed across Vietnam and Indonesia as well. Supplements & functional food form the second largest fish oil consumer segment and would emerge as one of the fastest growing segments over the forecast period. Japan held 2/3rd of the fish oil consumed in supplement and functional food application market. A significant rise in health concerns among Japan's geriatric population, fuels a demand of nutritional and pharmaceutical grade fish oil in Asia Pacific region.

Key findings of the study: 

  • Over the forecast period, supplement & functional foods and pharmaceuticals would emerge as the most lucrative fish oil application segments
  • 3/5th of the Asia Pacific fish oil market is captured by China and Japan collectively
  • Most of the fish oil consumed in Asia is produced from Anchovies
  • Salmon and Trout are the two fish species that consumes the largest volume of aqua grade fish oil
  • Vietnam is among the top crude fish oil suppliers to China
  • Aquaculture and supplement & functional food are considered as the most attractive segment for investors in Asia pacific fish oil market

Key companies, such as TripleNine A/S and Omega Protein Corporation are primarily focusing on merger and acquisition as key strategies in order to strengthen their presence in potential fish oil markets across Asia Pacific region. The report covers a detailed study of key players such as Copeinca AS, Pesquera Diamante S.A, Corpesca SA, TripleNine, Omega Protein Corporation, Arbee and Mukka Sea Foods Industries.

To view the report, visit the website at http://www.apacmarket.com/top-market/apac-fish-oil-market

About Us  

With cutting edge innovative solution, ApacMarket.com is a world leader in providing market research strategies in Asia Pacific region. We make a comprehensive coverage of Asia Pacific market so that you understand your customers and markets in-depth. Offering unbiased data and minute details of this region, ApacMarket.com ensures you and your organization best research strategies to implement. Keeping your organization's need in mind, our team of experts provides you with the finest of market and customer information along with socio-economic status of the region.

We operate on multi-knowledge chain to provide you with deep analysis, useful information, actionable insights that will help you and you're organization in strategically planning your business moves. Our highly qualified and well experienced analysts will give you a deep understanding of local, national and global events that will prove immensely beneficial to your business needs.

ApacMarket.com formed with the intention to deliver best research services; provides you with unmatchable actionable business insights and solutions. ApacMarket.com has demonstrated high potential to locate opportunities for business expansion. We have a powerful knack to present the ground realities of your consumers and markets like no one else.

Contact Us
Syed Ali
101 Miller Street, North Sydney
Level 32, North Sydney, NSW 2060
Toll Free: +1-800-765-615 (International)
Landline: +91 (20) 60604041 (India)
Email: sales@apacmarket.com
Web - http://www.apacmarket.com

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