fishoil

Growth predicted for European fish oil market

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A new market report from Grand View Research has predicted an increase in the value of the European fish oil market on account of increased aquaculture activities in the UK and Norway.

The report from the US-based company says the rise is partly due to the European Commission’s Common Fisheries Policy Reform and Strategic Guidelines, passed in April 2014 and expected to promote aquaculture in Europe.

In addition, demand in human consumption is expected to grow due to the increase in consumption of supplements and functional foods and that consumer awareness regarding high content of protein and health benefits such as reducing cholesterol levels is expected to fuel growth.

The European fish oil market was valued at US$0.69 billion in 2014.

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