Fish-Oil Based Drugs Market Will Witness Growth During 2021-2028 with a CAGR of 8.4%.

Omega-3 fatty acids is the major factor for growth and is abundantly found in Fish-Oil Based Drugs Market. Omega-3 fatty acids help in brain growth and function, as well as lowering the risk of heart disease, arthritis, and asthma. Omega-3 fatty acids are found in fish oil, such as tuna or shrimp oil. Integrating fish oil or omega-3 fatty acids in functional food, which customers eat on a daily basis, is an ideal strategy to boost omega-3 consumption, and many functional food manufacturers are focused on including fish oil in their products due to rising demand for fish oil in functional food. Fish oil and omega-3 fatty acids are rapidly appearing in a number of functional foods, including pasta, yoghurt, and bread.

The global fish oil market is growing due to the health advantages of various fish oils such as anchovy oil, cod oil, menhaden oil, and mackerel oil. Cod oil is gaining popularity as a result of its high nutritional value, since it meets virtually all of the vitamin D and A requirements. Omega-3 fatty acids found in anchovy oil can help decrease inflammation-causing proteins. Anchovy oil is also in high demand due to its antioxidant characteristics.

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Vitamin A in menhaden and mackerel oil can help prevent against vision loss caused by inflammatory eye illnesses such glaucoma and age-related macular degeneration (AMD). Sales of mackerel oil and menhaden oil are increasing in the pharmaceutical and dietary supplement sectors as a consequence of the nutritional characteristics and health advantages of fish oil

Market segmentation

Fish-Oil Based Drugs market is split by Type and by Application. For the period 2016-2026, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type, covers

Mackerel

Tuna

Herring

Salmon

Others

Market segment by Application can be divided into

Coronary Heart Disease (CHD)

Rheumatoid Arthritis

Stroke

Raynaud’s Syndrome

Dysmenorrhea

Other

The key market players for global Fish-Oil Based Drugs market are listed below:

Solutex GC

Aker Biomarine

Croda International PLC

Stepan Company

Pharma Marine

GC Rieber Oil

Clover Corporation

BASF SE

Cellana

Omega Protein Corporation

United Laboratories

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Market segment by Region, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

U.S. and Canada Fish-Oil Based Drugs Market –
According to Centre for Disease Control, 1 person dies every 36 seconds due to some kind of cardiovascular condition in the US. Also, CDC projected that by 2025, 67 million Americans will get affected by arthritis in a year. Fish-oil plays an important treatment of these diseases.

Recently, at the end of 2019, FDA approved a drug which is based on fish-oil as a preventive medicine of heart attack and stroke. Icosapent ethyl is a purified form of EPA was officially approved by USFDA.

Developments like these will aid U.S in dominating the market as the increase in importance of detection, prevention and treatment of any disease will further boost this market.

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