Fish Oil Shortage & Price Volatility: Implications for Aquaculture & Nutraceutical Industries
Abstract: This whitepaper explores the escalating challenges surrounding the global supply of fish oil and its impact on the aquaculture and nutraceutical industries. The increasing demand for fish oil in nutraceuticals, combined with the precarious supply situation, has led to price inflation, prompting the substitution of fish oil with vegetable oils in aquaculture feeds. This substitution raises concerns about the reduced content of omega-3 fatty acids in aquaculture products, particularly salmon, and its potential health implications. Fish oil remains a primary source of fish oil for the omega-3 dietary supplement industry. This cancellation of the fishing season has further exacerbated the supply situation, with implications for both sustainability and pricing in the industry. In the whitepaper, we also examine the recent developments in the fish oil market, particularly its shortage, volatility, implications on price, and availability. We will also discuss the demand and supply of fish oil and the current environment surrounding the industry.
Keywords: Fish oil, Aquaculture, Nutraceuticals, Omega-3 fatty acids, Price inflation, Substitution, Consumer demand, Fisheries, Aquaculture production, Economic factors, Consumer preferences, Edible oils market, Global supply, Sustainability, Price volatility, Fishmeal, Responsible sourcing, Production standards, Mesopelagics
How to Cite?: Vimalkumar Patel, "Fish Oil Shortage & Price Volatility: Implications for Aquaculture & Nutraceutical Industries", Volume 12 Issue 11, November 2023, International Journal of Science and Research (IJSR), Pages: 481-486, https://www.ijsr.net/getabstract.php?paperid=SR231031220012, DOI: https://dx.doi.org/10.21275/SR231031220012