Europe Fish Oil Market Analysis, Size, and Share by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Europe Fish Oil Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Species Type (Blue Whiting, Anchoveta, Sardine, Capelin, and Others), Application (Pharmaceuticals, Animal Nutrition and Pet Food, Aquaculture, Dietary Supplements, and Others).
- Report Date : Mar 2022
- Report Code : TIPRE00028017
- Category : Food and Beverages
- Status : Published
- Available Report Formats :
- No. of Pages : 101
Europe fish oil market in Europe is expected to grow from US$ 591.86 million in 2021 to US$ 937.59 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2021 to 2028.
The global omega 3 market is growing and has generated revenue of $19.7 billion in 2019. Health experts across the world recommended significant daily dietary intake of omega-3 fatty acids, which has propelled the daily fish oil consumption among people. The industry has observed the swift increase in the consumption of omega-3 supplements in the past five years, with growing evidence supporting their role in preventing cardiovascular disease, depression, rheumatoid arthritis, and asthma, as well as in slowing cognitive decline. A 2020 Cochrane review of 86 randomized controlled trials published between 1968 and 2019 found that 0.5 g/day to more than 5 g/day LC omega-3s for 12 to 88 months in a total of 162,796 participants reduced serum triglyceride levels by about 15% and slightly decreased rates of cardiovascular mortality and coronary heart disease events.
In Europe, currently, France, the UK, and Russia are the worst-impacted countries by the COVID-19 pandemic. The region is estimated to suffer an economic hit due to the lack of revenue from various industries subjected to disruption in the supply chain. The massive outbreak created a temporary distortion in operation efficiencies of industrial bases in the European market. The market for fish oil has been negatively impacted due to limited operational capabilities due to COVID-19 restrictions. However, the rising demand for fish oil across diverse industrial applications is expected to substantially promote market growth in the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe fish oil market. The Europe fish oil market is expected to grow at a good CAGR during the forecast period.
Europe Fish Oil Market Revenue and Forecast to 2028(US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Europe Fish Oil Market Segmentation
By Species Type
- Blue Whiting
- Anchoveta
- Sardine
- Capelin
- Others
By End User
- Pharmaceuticals
- Animal Nutrition and Pet Food
- Aquaculture
- Dietary Supplements
- Others
By Country
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Rest of Europe
Companies Mentioned -
- TRIPLENINE
- FF SKAGEN A/S
- DSM
- CRODA INTERNATIONAL PLC
- BASF SE
- COPLEX INTERNATIONAL S.A.C
- PELAGIA AS
Europe Fish Oil Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 591.86 Million |
| Market Size by 2028 | US$ 937.59 Million |
| Global CAGR (2021 - 2028) | 6.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Species Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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