The North America fishmeal and fish oil market is estimated to display a rapid CAGR of 8.5% during the forecast period (2021-2027). In North America, US and Canada are the biggest producers and consumers of fishmeal and fish oil. The government’s obligations and recommendations for the intake of essential Omega 3 fatty acids, such as eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) drives the fishmeal and fish oil market in pharmaceutical, supplements & functional food application. Moreover, in this region fish oil is also used as a key feeding ingredient in the aquaculture and animal nutrition & pet food.
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In the US, a majority of people eat meat, which creates high risk of cardiovascular diseases. Therefore, the government is creating awareness for the consumption of omega-3 fatty acids such as EPA and DHA to prevent health risk. The rising demand of Omega-3 fatty acid leads to the increasing consumption of fish oil in the US. Similarly, the Health Canada recommends for the intake of EPA and DHA for the use of fish oil in pharmaceutical and supplements & functional food applications of the country. Further, the US was ranked among the leading fish and fishery exporters, globally, in 2016. Approximately, 9.6 billion pounds of fish were caught in the US in 2016. The major domestic species include pollock, menhaden, salmon, flatfish, and cod. Thus, the fishmeal and fish oil market in the region is set to grow exponentially during the forecast period.
Market Coverage
· Market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered- by Source and Application
· Countries Covered- US and Canada
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
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A full Report of North America Fishmeal and Fish Oil Market is Available at: https://www.omrglobal.com/industry-reports/north-american-fishmeal-and-fish-oil-market
North America Fishmeal and Fish Oil Market Report Segment
By Type
· Salmon & Trout
· Crustaceans
· Marine Fish
· Carps
· Others (Tilapias, Eels, Crabs, and Lobsters)
By Application
· Swine
· Poultry
· Cattle
· Aquaculture
· Pets
· Others (Equine and Other Marine Species)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
