Market outlook of the fish oil products market in the US
Technavio’s market research analyst predicts the fish oil products market in the US to grow at a CAGR of around 1% between 2016 and 2020. The primary factor driving the fish oil products market in the US is the health benefit associated with its consumption. Fish oils contain omega-3 fatty acids, EPA and DHA, which help treat a wide range of ailments including cardiac issues, cancer, diabetes, inflammation, immune disorders, ophthalmic conditions, and ulcers. It is also used to aid in weight loss and maintaining a healthy pregnancy.
The development of aquaculture in the US is another significant trend in this market. Apart from fish oil produced from whole fish, an increasing proportion of fish oil will be derived from trimmings as a by-product of fish processing over the next four years.
Segmentation by application of the fish oil products market in the US
- Aquaculture
- Direct human consumption
Aquaculture accounted for more than half of the market size in 2015. Marine aquaculture in the US contributes to seafood supply, supports commercial fisheries, restores habitat, and maintains economic activity in coastal communities in coastal states.
Competitive landscape and key vendors
The fish oil products market in the US is highly fragmented with the presence of numerous small, medium, and large vendors having a significant presence in the market. Vendors in the market compete on the basis of numerous factors such as price, quality, innovation, service, reputation, distribution, and promotion.
The top six vendors in the market are -
- Barlean's
- FMC
- Nordic Naturals
- Nutrifynn Caps
- Omega Protein
- Wiley's Finest
Other prominent vendors in the market include Abundant Health Labs, BodyVega Nutrition, Captek Softgel International, Crocker's Fish Oil, Daybrook Fisheries, General Nutrition Centers, Marine Ingredients, Nature Made, OTH Health, Puritan's Pride, and The Infinity Health Group.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the fish oil products market in the US?
- What are the key market trends impacting the growth of the fish oil products market in the US?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the fish oil products market in the US?
- What are the key outcomes of the five forces analysis of the fish oil products market in the US?
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