Fish and fishery products represent a very valuable source of essential micronutrients and animal protein for the world’s population. The nutritional lipids are one of the essential nutrients primarily sourced from the various fish oil, krill oil, algal oil, chia seed, flax seed, and other plant sources. Fish oil is a prominent source of omega-3 fatty acids which cannot be synthesized by human body; hence it needs to be taken through diet. Previously, fish oil is mostly used in aquafeed; but due to innovation in techniques and multidimensional properties, they are now increasingly used in food & beverages, pharmaceutical, infant formula, and dietary supplements which results in their increase in demand.
The fish oil industry has experienced two major revolutions during the last decades with respect to uses and markets which are being served by fish oil. These revolutions have significantly increased the value of fish oil because new opportunities have been identified and exploited due to the unique characteristics of fish oil. Due to the increased demand, over 70% of the world’s fish species are fully exploited, according to the Food and Agriculture Organization. The dramatic increase of destructive fishing techniques worldwide destroys marine mammals and entire ecosystems. This is collapsing the world fish populations which result in the declining fish-oil production. Further, fish oil does not have sufficient production capacity and also faces some difficulties in production such as changing climatic conditions, stability of oil during storage and processing, changes in chemical properties because of exposure to light & heat, and inadequate storage & handling procedures during processing; which lead to the inadequate supply of fish oil and their high prices in the market.
Thus, increasing application areas of fish oil results in their strong demand, but limited fish stocks restrict the amount of fish oil availability which leads to less supply, thereby restricting the growth of nutritional lipids market to some extent. The global lipid nutrition (nutritional lipids) market will grow at a CAGR of 13.1% from 2017 to 2022 to reach USD 7,000.7 million by 2022, according to the latest publication from Meticulous Research.
The “Lipid Nutrition (Nutritional Lipids) Market- Global Opportunity Analysis and Industry Forecasts to 2022” study, published by Meticulous Research, can be accessed at:
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