Pharmaceuticals segment has the Largest Share of Application in the Asia Pacific Fish Oil Market during 2021–2028 

According to a new market research study on “Asia Pacific Fish Oil Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Species Type, Application and Country” is expected to reach US$ 1,061.55 million by 2028 from US$ 726.25 million in 2021. The market is estimated to grow at a CAGR of 5.6% from 2021 to 2028.The report provides trends prevailing in the Asia Pacific fish oil market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to various health benefits associated with fish oil and wide range of applications of fish oil in different industries are the key factors driving the market growth, however, the market is expected to experience slow growth during the forecast period owing to adverse climatic conditions along with ecological risk.

The Asian economies have been hit hard due to the COVID-19 pandemic. The emergence of new COVID-19 waves in India, Thailand, and other Asian economies has prolonged the effect of pandemics upon GDP. The ongoing COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries of Asia-Pacific. However, the uncertainty regarding the future outbreak, especially in countries such as India and a few other Asian countries, has altered the status of several industrial sectors. The governments of various Asia-Pacific economies are taking possible steps to restrict the spread of the virus by announcing country-wide lockdowns, which directly impact the growth of industrial sectors. However, the market is expected to witness an increase in investment by players to tap the prevailing opportunities and cater to the expanding demand for fish oil in post-pandemic times.

The market for Asia Pacific Fish Oil Market is segmented into the species type, application and country. Based on species type, the Asia Pacific Fish Oil Market is segmented into blue whiting, anchoveta, sardine, capelin, and others. In 2021, blue whiting the segment accounted for the largest market share and however sardine registered the highest CAGR during the forecast period. Asia Pacific fish oil market. Blue Whiting. A fish species of the cod family that is widespread and common in the northeast Atlantic. With the rising adoption of healthier lifestyle, the demand for fish oil is also expected to increase in the coming years. Blue whiting fish oil is a potential source of omega-3 fatty acids.

TRIPLENINE, FF SKAGEN A/S, DSM, CRODA INTERNATIONAL PLC, BASF SE.The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The market for Asia Pacific Fish Oil Market is segmented into type and application. Based on species type, the Asia Pacific Fish Oil Market is segmented blue whiting, anchoveta, sardine, capelin, and others. Based on application, the Asia Pacific Fish Oil Market is segmented into pharmaceuticals, animal nutrition and pet food, aquaculture, dietary supplements, and others. By Geographically, Asia Pacific Fish Oil Market is segmented into (China, Japan, India, South Korea, Australia and Rest of Asia Pacific).

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