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.

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Asia-Pacific Fish Oil Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $1.5 Billion by 2020, registering a CAGR of 5% during the period 2015-2020. 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.

The key players operating in the market include
• Copeinca AS
• Pesquera Diamante S.A
• Corpesca SA
• TripleNine
• Omega Protein Corporation
• Arbee
• Mukka Sea Foods Industries

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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 forms 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 Japans geriatric population, fuels a demand of nutritional and pharmaceutical grade fish oil in Asia Pacific region.

Key Findings of Asia-Pacific Fish Oil Market:
• 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

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