Fish Oil : Escalating Demand For Omega-3 drives the Fish Oil Market
Published On : 11 January, 2018
Fish Oil in Aqua feed
Use of fish oil as a feed ingredient in numerous animal and human nutritional applications, is one of the upcoming trends that is stepping out to revolutionize feed industry which includes aquaculture feed, animal nutrition & pet feed. Fish oil is a prime ingredient in the aqua feed and the growth of global aquaculture industry, subsequently results in the growth of the fish oil market. Moreover, the rising concern of chronic diseases among consumers along with the increasing awareness for omega-3 fish oil intake in various health supplements and functional food has uplifted the growth of global fish oil market. According to a report published by the marine ingredients organization (IIFO), nearly 73% of the fish oil is used in the preparation of aquaculture feed. Also, nearly 21% of it is used for direct human consumption owing to the health benefits attributed by its consumption.
Fish oil is about to make a huge impact in the global feed market which is projected grow exponentially in the upcoming years. China is the world´s biggest importer, consumer and processor of fish. It is also a major importer and exporter of fish. The demand for fish in China is continuing to grow as the population increases and becomes wealthier. China´s fish imports are forecast to increase, as the country´s own capacity for production is decreasing on account of competition from land use and the deteriorating state of the environment. Also, according to a report published by the marine ingredients organization (IIFO), Chile was the largest producer of fish oil in the year 2015.
Fish oil aids in the treatment of an extensive range of ailments, including cardiac issues, cancer, diabetes, inflammation, immune disorders, ophthalmic conditions, and ulcers owing to the presence of long-chain omega-3 fatty acids EPA and DHA. It also aids in weight loss and helps in maintaining a healthy pregnancy. With growing awareness of the various health benefits of fish oil both within the medical profession and the general population, many governments are recommending prescribed daily intakes of these fatty acids. Excessive carbon dioxide and other greenhouse gases in the atmosphere have led to climate change. This has significantly disrupted the natural patterns and processes in aquatic ecosystems. Marine organisms, such as coral and lobsters, will not be able to draw calcium carbonate from the water to survive and grow because of the increased acidity. The sea level is also expected to rise because water expands when it warms. This will affect marine fisheries and alter coastal habitats, which are critical to the life cycle of commercially valuable fish populations.