Report Ocean has recently published the “U.S. and South America Fish Oil Market “ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The U.S. and South America fish oil market size was valued at $677.6 million in 2019, and is estimated to reach $1,119.4 million by 2027 with a CAGR of 9.8% from 2021 to 2027. U.S. dominated the fish oil market in 2019, and is expected to continue this trend throughout the forecast period, registering a CAGR of 8.8%. Fish oil is a dietary supplement derived from the tissues of oily fish containing omega 3 fatty acids, such as eicosapentaenoic acids (EPA) and docosahexaenoic acids (DHA). Omega-3 fatty acids are majorly used in aquaculture, animal nutrition & pet feed, supplements & functional food, and pharmaceuticals.
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Moreover, omega-3 fatty acid helps in improving the cardiovascular system and plays a major role in proper functioning of the nervous system. Rise in awareness among medical professionals and public about the importance of omega-3 fatty acids has led to significant increase in fish oil consumption. Therefore, companies are now expanding their nutraceuticals product line with the addition of concentrated EPA and DHA.
Surge in demand for EPA and DHA in human nutrition has positively impacted on the U.S. and South America fish oil market. Moreover, increase in awareness about micro and macro nutrients has boosted the sale of fish oil capsules. However, rise in volume of fish oil consumption in human nutrition creates a supply threat for aquaculture feed. Moreover, due to adverse environmental factors and regulatory impositions on fishing, companies are unable to meet the demand-supply gap. Upsurge in demand and lack of supply are primarily responsible for increasing costs of fish oil. Furthermore, the fish oil price rise is primarily affected due to market penetration of substitute products, such as plant-based oils and nut-based oil. Thus, continuous price fluctuations in the fish oil industry are anticipated to hamper the growth of the fish oil market in the U.S. and South America.
The U.S. and South America fish oil market is segmented into type, application, and country. By type, the market is categorized into salmon, cod, anchovy, tuna, trout, and others, including mackerel, sardines, herring, and menhaden. Depending on application, it is fragmented into dietary supplements and functional food. Country wise, it is analyzed across the U.S., Mexico, Brazil, Argentina, and rest of Latin America.
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KEY BENEFITS FOR STAKEHOLDERS
– The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019-2027 identify the prevailing U.S. and South America fish oil opportunities.
– Porter’s five forces analysis highlights the potency of buyers and supplier’s tenable stakeholder’s make profit-oriented business decisions and strengthen their supplier-buyer network.
– In-depth analysis of the size and segmentation assists in determining the prevailing market opportunities.
– The major countries in South America along with U.S. are mapped according their revenue contribution the industry.
– The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the U.S. and South America fish oil industry.
The key players operating in the fish oil industry includeOmega Protein Corporation, FMC Corporation, Nordic Naturals, Wileys’s Finest, Barlean’s, Optimum Nutrition, Nuzena LLC, Nutrigold, The Nature’s Bounty, and Colpex International.
KEY MARKET SEGMENTATION
– Type
o Salmon
o Cod
o Anchovy
o Tuna
o Trout
o Others
– Application
o Nutritional Supplements
o Functional Food
– By Country
o U.S.
o Mexico
o Brazil
o Argentina
o Rest of Latin America
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
- What is the historical growth rate of the market, and what are the projected growth rates for the future?
- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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