Report Ocean has recently published the “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 global fish oil market size was valued at $1,905.77million in 2019, and is estimated to reach $ 2,844.12million by 2027 with a CAGR of 5.79% from 2021 to 2027. Fish oil is derived from the tissues of oily fish that contain omega 3 fatty acids, such as eicosapentaenoic acids (EPA) and docosahexaenoic acids (DHA). Omega-3 fatty acids are largely used in the segments of aquaculture, animal nutrition & pet feed, supplements & functional food and pharmaceuticals etc. Moreover, omega-3 fatty acid also helps in improving the cardiovascular system and also plays a major role in proper functioning of the nervous system.
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The growing awareness among the medical professionals and public about the importance of omega-3 fatty acids has led to significant increase in fish oil consumption. Therefore, the companies are now expanding their nutraceutical product line with the addition of concentrated EPA and DHA. The rising demand of EPA and DHA in human nutrition has made a notable impact on the global fish oil market.
Moreover, increase in technology development has ensured that aquaculture remains sustainable and has minimal environmental impacts. In addition, developments like on-land recirculating aquaculture systems, aquaponic systems, offshore systems and the use of information technology has boosted the aquaculture industry globally. Hence, surge in technology level in aquaculture industry is the major factor driving the fish oil market in terms of value sales. However, the rising 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, the companies are unable to fulfill the demand-supply gap. The rising demands and lack of supply are primarily responsible for increasing costs of fish oil. Moreover, the fish oil price rise is largely affected due to price fluctuations and market penetration of substitute products, such as vegetable proteins and other animals, as well as vegetable oils. Thus, continuous price fluctuations in the fish oil industry are anticipated to hamper the growth of the fish oil market.
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The fish oil market is segmented into species, application and region. By species, the market is categorized into anchovy, mackerel, sardines, cod, herring, menhaden and others. By application, it is bifurcated into aquaculture, animal nutrition & pet food, pharmaceuticals, supplements & functional food and others. By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, Denmark, Norway, Belgium and rest of Europe), Asia-Pacific (China, Japan, India, Vietnam, Indonesia and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
KEY BENEFITS FOR STAKEHOLDERS
– This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the footwear market analysis from 2019 to 2027 to identify the prevailing market opportunities.
– The market forecast is offered along with information related to key drivers, restraints, and opportunities.
– Porter;s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
– In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
– Major countries in each region are mapped according to their revenue contribution to the global industry.
– Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
– The report includes the analysis of the regional as well as global industry trends, key players, market segments, application areas, and market growth strategies.
The key players operating in the fish oilindustry include Omega Protein Corporation, FMC Corporation, Copeinca AS, Corpesca SA, Colpex International, TripleNine Group A/S, FF Skagen A/S, Pesquera Diamante S.A., Marvesa Holding N.V. and Pesquera Exalmar.
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KEY MARKET SEGMENTS
– By Species
o Anchovy
o Mackerel
o Sardines
o Cod
o Herring
o Menhaden
o Others
– By Application
o Aquaculture
? Salmon & Trout
? Marine fish
? Crustaceans
? Tilapias
? Eles
? Cyprinids
? Others
o Animal Nutrition & Pet food
o Pharmaceuticals
o Supplements & Functional food
o Others
– By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? UK
? Germany
? Denmark
? Norway
? Belgium
? Rest of Europe
?
o Asia-Pacific
? China
? Japan
? India
? Vietnam
? Indonesia
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa
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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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