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The Fish Oil Products Market size is mainly driven by aqua-cultural feed and human consumption. Recent years have observed a steady growth in the product market due to increase in aqua cultural activities. Increased use of the product in medical owning to the benefits associated with them has further enhanced fish oil products market. Rising product consumption in protective coatings and lubricants in the consumers will support the industry growth.
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Fish oil products are obtained from salmon & trout, carps, marine fish, crustaceans and tilapias. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network
Application of Fish oil products Market: • Increasing demand for hydrogenated vegetable oils and changing eating habits in people around the world will encourage development of fish oil products market. • Growing use of these products in various industries including, pet & animal feed, aquaculture feed, pharmaceuticals and supplements will propel fish oil products market size. • The product helps in reducing bad cholesterol, coronary heart diseases and blood pressure. In addition, increasing usage of product in cosmetics, as emollients and ointments is projected to promote industry growth. However, high product price coupled with large supply demand gap are expected to hamper product demand.
Competitive Market Share of Fish oil products Market: • Global fish oil products market is moderately concentrated. Some of the prominent key companies present in this market are COLPEX, FMC, Croda, Triplenine Group, OLVEA, Orizon, COPEINCA, • Rieber Oils and American Marine Ingredients. Other major players are FF Skagen, Omega Protien, Pesquera Pacific Star, Pioneer, Oceana Group, Austevoll Seafood and Barlean’s.
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