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Fish Oil Market Projected to Reach US$22.3 Billion by 2030, Says Fairfield Market Research

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Fairfield Market Research, a leading market intelligence firm, has released a comprehensive report forecasting remarkable growth in the global fish oil market. According to the report, the market, currently valued at approximately US$12.8 billion, is expected to reach a staggering valuation of US$22.3 billion by the year 2030. This growth is attributed to a robust compound annual growth rate (CAGR) of 7.2% projected between 2023 and 2030.

Key Drivers of Fish Oil Market Growth

  1. Growing Consumer Awareness: Consumer awareness about the health benefits of omega-3 fatty acids found in fish oil has significantly boosted demand. Omega-3 fatty acids are associated with heart health, brain function, and reducing inflammation, driving a growing consumer base seeking these health benefits.
  2. Preventive Healthcare Focus: Rising concerns about lifestyle diseases such as cardiovascular disorders, diabetes, and obesity have led to an increased focus on preventive healthcare. Fish oil is viewed as a natural and effective supplement to mitigate these health issues, thereby driving market growth.
  3. Feed-Grade Dominance: In 2022, the feed-grade fish oil category dominated the industry, with aquaculture and animal feed sectors majorly contributing. Feed-grade fish oil is a key ingredient in aquafeed, supporting the growth and health of farmed aquatic animals.
  4. Refined Fish Oil Demand: Refined fish oil, known for its high quality resulting from extensive purification processes, is anticipated to dominate the market share for fish oil globally. It is widely sought after across various industries, including nutraceuticals, pharmaceuticals, food and beverages, and cosmetics.
  5. Salmon Oil Leadership: The salmon oil category controlled the market in 2022 due to its rich content of omega-3 fatty acids, specifically EPA and DHA, offering numerous health benefits.
  6. Asia Pacific Growth: The Asia Pacific region is expected to account for the largest share of the global fish oil market, driven by its economic conditions and hub for aquaculture.
  7. North America Expansion: North America is experiencing growth due to rapid economic development, technological advancements, and increased consumer affordability for health supplements.

Future Trends and Opportunities

The fish oil market is poised for substantial growth with a strong focus on sustainability, performance, and versatility. Key trends and opportunities include:

  • Rising Demand for Omega-3 Fatty Acids: Increasing consumer health-consciousness is driving demand for omega-3 fatty acids, particularly for heart health and cognitive well-being.
  • Growth in Aquaculture and Animal Feed Applications: The growing global demand for seafood is boosting the aquaculture industry, and fish oil is a crucial ingredient in aquafeed.
  • Diversification of Omega-3 Sources: Alternative sources of omega-3s, such as algal oil, are gaining popularity, addressing sustainability concerns and catering to various consumer preferences.

Regulatory Impact

The regulatory environment significantly shapes the fish oil industry, dictating product quality, sustainability, and consumer safety. Regulations include stringent standards for purity, contaminants, and labeling accuracy, ensuring that fish oil products meet established safety thresholds. Compliance with sustainability measures is vital for market players to gain consumer trust.

Competitive Landscape

The global fish oil market is consolidated, with key players such as DSM Nutritional Products, Croda International Plc, Omega Protein Corporation, GC Rieber Oils, and others leading the industry. Fairfield Market Research expects the market to witness more consolidation in the coming years.

Global Fish Oil Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 (By Grade Coverage, By Process Coverage, By Product Coverage, By End User Coverage, By Sales Channel, By Geographic Coverage and By Company) https://www.fairfieldmarketresearch.com/report/fish-oil-market

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About Us

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

Contact

Fairfield Market Research

London, UK

UK +44 (0)20 30025888

USA (Toll-free) +1 (844) 3829746

Web: https://www.fairfieldmarketresearch.com/

Email: [email protected]

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Press Release

100,000 Patients Place Their Trust in PlacidWay Medical Tourism in 2024

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In a remarkable achievement reflecting the growing trend of medical tourism, PlacidWay, the leading platform in the industry, proudly announces a significant milestone: 100,000 patient referrals in 2024. This surge in demand not only highlights the increasing confidence in seeking medical solutions beyond national borders but also underscores the pivotal role PlacidWay plays in facilitating global healthcare access. 

Central to our success is the robust network of PlacidWay, comprising over 1,500 medical providers across more than 50 countries worldwide. From prestigious JCI-certified hospitals to specialized clinics with international accreditations and staffed by highly skilled medical professionals, our network is unparalleled in its breadth and depth. 

The synergy between PlacidWay and our network of medical providers is instrumental in meeting the diverse needs and expectations of patients. Through the PlacidWay platform, providers can showcase their services, engage directly with prospective patients, and offer virtual consultations, ensuring a seamless and transparent medical journey. 

Pramod Goel, CEO and Founder of PlacidWay Medical Tourism, reflects on this achievement with profound gratitude, stating, “As we celebrate this milestone, we are deeply moved by the trust and confidence patients worldwide have bestowed upon us. Our mission has always been to dismantle barriers to healthcare access and to instill hope and healing across borders. Each patient inquiry symbolizes a narrative, a journey, and a life influenced by our collective endeavors. In partnership with our dedicated network of medical providers, we reaffirm our unwavering commitment to delivering excellence in global healthcare and empowering patients to make informed decisions about their well-being.” 

This patient-centric approach, fortified by a global network of trusted medical partners, has been pivotal in driving PlacidWay’s success in garnering 100,000 patient referrals in 2024. Patients place their trust in us, recognizing the quality and diversity of medical options available through our platform and the assurance of being cared for by proficient medical professionals worldwide. 

Notably, these inquiries encompass a wide spectrum of medical procedures, ranging from dental and aesthetic treatments to complex surgeries, oncological interventions, and intricate neurological procedures. This expansive array of medical services underscores our commitment to catering to diverse healthcare needs with unwavering standards of excellence. 

As medical tourism continues to emerge as a viable solution for individuals seeking international medical care, the collaborative efforts between PlacidWay and our global network of medical providers stand as a beacon of hope, promising enhanced access to premium healthcare services worldwide. This milestone achievement is a testament to the transformative potential of medical tourism in reshaping the global healthcare landscape for the better. 

Media contact

Company name: PlacidWay Medical Tourism

Contact name: PlacidWay Team

Email: [email protected]

Website:https://www.placidway.com/

Country: US

Phone: +1.888.296.6664

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Press Release

RunesFi Announces Successful Completion of Phase 1 Testnet and Upcoming Phase 2 Launch

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RunesFi, a Premier Infra hub for Runes Protocol on the Bitcoin network, is excited to announce the successful completion of Phase 1 of its incentivized test net, which achieved over $3 million in trading volume. Following this milestone, RunesFi is preparing for the highly anticipated launch of Phase 2 of its testnet.

Phase 1 Testnet Success

RunesFi’s Phase 1 testnet has demonstrated robust engagement and significant trading activity, surpassing $3 million in volume. This initial phase has been crucial in refining the platform’s capabilities and ensuring a secure and seamless user experience.

Upcoming Phase 2 Testnet

Building on the success of Phase 1, RunesFi is gearing up for the launch of Phase 2 of its testnet. This phase will introduce new features and enhancements designed to further improve the platform’s performance and user experience. Participants can look forward to additional incentives and rewards as they contribute to the ongoing development of RunesFi.

jAk5E_9FTqHRZpLkIxURQ9npghYVP6CI2h-9AAEp8iDJLFwP1w61LZ7l_PD9PibpX4Pqw5AN-yO5wKe9gbvbh7bH9GA49hbJLlI6RkgrgcSxt1G8n3xiy0DF9kwshwpTWW9zUBHSfEg3vIg-0mPDvyo.jpgBacking from Prominent Venture Capital Firms

RunesFi is proud to announce that it has secured funding from renowned venture capital firms. These investments will support the continued development and expansion of the RunesFi platform, enabling the team to bring innovative DeFi solutions to the Bitcoin ecosystem.

Embark on the RunesFi ‘Road to TGE’ Adventure

This captivating 4-6 week Galxe campaign marks its exciting token launch celebration. Get ready for the Defi Bull run this season in the BTC ecosystem through Runes Protocol. RunesFi aims to build a one stop shop infrastructure hub in Runes. The journey unfolds in weekly main events, clubbed with engaging side quests to propel individuals to the top of the leaderboard!

As a generous token of our appreciation, the platform allocates 2% of total supply to reward its participants along with random weekly surprise USDT rewards.

About RunesFi:

RunesFi is dedicated to revolutionizing Runes on the Bitcoin network. The platform offers a suite of products including a decentralized exchange (DEX), Runes Bridge, an engraver for creating and managing Runes assets, and various tools to support the Runes DeFi ecosystem. RunesFi aims to provide a secure, transparent, and user-friendly environment for financial transactions and asset management.

RunesFi Ecosystem:

  • Runes DEX
  • Runes Bridge
  • Runes Block Explorer
  • LaunchGround
  • Engraver

Join the RunesFi Community and Follow Their Official resources at:

Website: https://runesfi.io

Telegram: https://t.me/Runes_Fi

Twitter: https://twitter.com/Runes_Fi

RunesFi invites crypto enthusiasts, developers, and investors to join its growing community. Stay updated on the latest developments and participate in community discussions by following RunesFi on social media and joining the official Telegram group.

For media inquiries, please contact:

Name: Manoj Kumar

Director of Public Relations, RunesFi

Email: [email protected]

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Press Release

Academic Labs Launches Second Airdrop, AMA Explores AI’s Role in the New Era of Education

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Free Crypto Education + Free Airdrop. Academic Labs is offering a giveaway of 5 million AAX tokens and 8000 USDT prizes in the #Homecoming event. And that’s not all.

Singapore – 25/05/2024 – (SeaPRwire) – Recently, Academic Labs has announced the launch of its second airdrop event, HomeComing, starting on May 23 at their official website acad.live. This event promises substantial token rewards and high-quality learning resources, all free for community members. Academic Labs aims to enhance users’ understanding of the industry and maximize their profits during the bullish market.

Academic Labs prudently postponed the token generation event (TGE) for their $AAX token in April due to market conditions. With the crypto market reviving and Bitcoin returning to the $70,000 mark, the Web3 community is excitedly buzzing. Amidst this resurgence, Academic Labs, a project integrating AI into online education, is capturing significant attention. With the market recovering, the $AAX token is expected to launch in the next 2-3 months, rewarding early supporters. The community highly anticipates this announcement.

During a recent AMA co-hosted with Metaera, the Academic Labs team revealed exciting details about the second airdrop and elaborated on their ambitious vision, sparking lively discussions among participants.

The Vision Behind Academic Labs

In the AMA, the Academic Labs team detailed their vision for the project. Academic Labs is a platform blending Web3 and AI technologies to revolutionize adult education through a DAO system, ensuring transparent pricing and sharing of educational resources. Learners can access high-quality content at reasonable prices, and professionals such as traders, marketers, and analysts can gain recognition and funding to profit from publishing educational resources. The platform also features gamified elements to create immersive learning experiences.

CMO Ryan emphasised the goal of reshaping online education with cutting-edge technology to address current pain points and provide users with an efficient learning experience. He highlighted the benefits of gamified learning, especially for adult education. COO Kennick introduced the “learn-to-earn” GameFi model, combining NFTs and tokenomics to build a learner economy, incentivizing users to improve while earning rewards.

The team explained the dual empowerment model of AI and blockchain. Blockchain ensures data integrity, while AI optimizes the system based on user characteristics. PublicAI CEO Steven stated that their expertise in AI data services would help Academic Labs create a high-quality Web3 education ecosystem.

Bright Prospects for Academic Labs

AMA guests praised Academic Labs’ potential. Artist Zhou noted that combining AI with Web3 is a prevailing trend, and Academic Labs’ solid user base and technical prowess position it for great success. WIS of Founder Mini_MiSue analyzed the target demographic, highlighting the alignment between Web3 participants, who are eager learners, and the platform’s audience.

The Academic Labs team has thought deeply about integrating Web3 with AI, understanding user psychology, and Web3’s core values. The dual empowerment of AI and Web3 fits well with current entrepreneurial narratives in the Web3 space. The airdrop is just the beginning; with the introduction of NFT governance and AI systems, Academic Labs is poised for rapid growth, offering long-term investment value for the $AAX token. With the bullish market’s support, Academic Labs is set to become a leader in the Web3 education sector.

HomeComing Airdrop: Double Benefits for Participants

The HomeComing airdrop promises extensive rewards. Users can earn tokens by participating in learning activities, quizzes, or creating courses. The event has been adjusted for a better user experience.

The primary goal of the MVP phase is to test the platform’s operational model, with continuous user interaction to refine the tokenomics before the official token launch. While frequent adjustments may create uncertainty, they reflect Academic Labs’ user-centric approach, aiming to provide top-notch services through constant iteration.

Pre-Airdrop Activities and Multiple Benefits

Ahead of the HomeComing airdrop, Academic Labs has issued the first batch of $AAX NFTs on platforms like Galxe. Users completing learning tasks by May 23 can claim these NFTs, enhancing their token rewards during HomeComing. This initiative not only incentivizes participation but also broadens Academic Labs’ reach.

The HomeComing airdrop will distribute a total of 5,000,000 $AAX tokens and 8,000 USDT. Participation is free, and users can access high-quality courses on blockchain, DeFi, and NFTs, taught by industry experts. This presents a valuable opportunity for those keen to learn about blockchain.

Notably, Academic Labs has partnered with renowned educational institutions, including Blockchain Sensei, which collaborated with Ray Dalio to share financial knowledge. These collaborations ensure the quality of the platform’s courses, enhancing its industry influence. However, Academic Labs must continue to prove its capabilities in creating educational content and AI-assisted teaching to earn long-term user trust.

Transparent Communication in TGE Delay

In a recent AMA with Metaera and Chat3, the Academic Labs team addressed the postponement of the April TGE. They acknowledged that delaying the token launch was necessary to protect user interests in an unfavorable market environment despite some community concerns. This decision underscores their commitment to user welfare.

Academic Labs maintained transparency throughout this period, communicating progress through various channels, embodying the Web3 ethos of openness and user engagement. This approach redefines the relationship between project teams and users as a collaborative partnership.

During the delay, the team proactively sought new opportunities, engaging with additional exchanges to enhance token liquidity and making strides in AI technology development, ensuring robust support for the project’s long-term growth.

Conclusion: Forging Ahead with Educational Empowerment

The AMA highlighted Academic Labs’ dedication to addressing user needs and collaborating with industry partners to build a new Web3 education ecosystem. Their vision of leveraging advanced technologies to transform educational services resonates widely, promising better learning experiences and aiding the digital transformation of traditional education institutions.

Looking ahead, Academic Labs aims to be a crucial link between technological innovation and educational reform, leading the sector into a new era. Achieving this goal depends on continued product development, marketing, and community-building efforts. Strengthening these foundations will enable Academic Labs to secure a lasting position in the competitive Web3 landscape.

As users and industry observers, we eagerly anticipate Academic Labs’ progress, maintaining a cautious but hopeful outlook. Regardless of the challenges ahead, staying true to their mission and persevering will ensure Academic Labs can significantly impact the Web3 education field, empowering countless learners worldwide.

For more information and to participate in the HomeComing airdrop, visit acad.live.

Social Links

X: https://x.com/Acad_Labs

Telegram: https://web.telegram.org/k/#@academic_labs

Medium: https://medium.com/@academic-labs

LinkedIn: https://www.linkedin.com/company/academic-labs/

Media Contact

Brand: Academic Labs

Contact: Media team

Email: [email protected]

Website: https://acad.live/

SOURCE: Academic Labs

 

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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