Analysis of the development status and prospects of Fish oil

Fish oil is a new resource of food in China. Fish oil has the functions of dilating blood vessels, lowering blood sugar, improving heart health, preventing heart disease, and anti-aging. It is widely used in more fields. Its development prospect is immeasurable. Below I will analyze the development status and prospect analysis of Fish oil for you.

This is the list of contents：

• Consumer market

• Import trade situation

• Export trade situation

• Price Trends

• Market Prospects

Consumer market

Globally, the Fish oil consumption market is mainly concentrated in North America, Europe, Japan, and other countries and regions, with Europe being the largest Fish oil consumption market in the world. In recent years, with the rapid development of the aquaculture industry in the Asia-Pacific region, the market demand for Fish oil has been released, and the Asia-Pacific region has become an important driving force for the growth of the global Fish oil market.

Import trade situation

1. According to China Customs data, Fish oil imports increased by 33.6% year on year; with the improvement of the epidemic, the import value broke new highs. Imports reached US$315 million, up 21.7% year-on-year.

2. China's Fish oil imports mainly came from regions rich in fishery resources. Among them, China imported the largest amount from Peru, accounting for about 50.3% of the total import volume. China's main fish oil-importing province was Fujian Province, which had the largest volume of fish imports, accounting for about 31.5% of the country's total imports.

Export trade situation

1. According to Chinese customs data, exports of Fish oil fell by 17% year on year. With the improvement of the epidemic, Fish oil exports broke through to new highs. Fish oil exports also approached US$200 million, up 33.2% year-on-year.

2. China's Fish oil exports are mainly sold to European and American countries and regions. Of these, the largest volume was exported to Chile, accounting for 18.3% of China's total exports. On the other hand, the main province for China's Fish oil exports was Jiangsu Province, with the largest volume, accounting for 23.2% of fish oil exports, followed by Fujian and Sichuan.

Price Trends

Looking at Fish oil prices from 2012 to 2021, Fish oil prices have been on the rise in recent years, peaking in 2020. As the epidemic has improved and production has recovered, prices have fallen back, but remain at high levels. Furthermore, prices are expected to continue to rise in the future as demand for Fish oil supplements increases.

Market Prospects

At present, China's Fish oil application market is mainly concentrated in aquaculture, feed, and other fields, while the application in health care products, medicine, and other fields is less, and the product is single, the domestic lack of high-profile brands, the market is mainly dominated by international enterprises. With the improvement of domestic enterprises' independent research and development capabilities and the continuous expansion of application areas, the scale of China's Fish oil market will further expand in the future. Overall, the industry has great potential for development.

All in all, although the development of China's Fish oil industry lags compared to developed countries such as Europe and the United States, there is ample room for the development of China's Fish oil industry in the future, with good prospects for development.