PUNE,
India, July 10, 2024 /PRNewswire/ -- The report
provides an in-depth analysis of the strategies of the top players
in the Global Fish Oil industry with an in-depth analysis of the
market segments and regions. A detailed analysis of market dynamics
including drivers, restraints, opportunities, and challenges is
provided region-wise and segment-wise, in the Global Fish Oil
Market report. It also includes figures for import/export
consumption, supply and demand, price, revenue, and gross margins
which makes it an investor's guide.
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The data for the Global Fish Oil Market report was collected
using primary and secondary research methods, which were combined
to make the report authentic. The primary research conducted
includes the questionnaire distribution, surveys, and phone
interviews with Global Fish Oil industry experts, market leaders,
marketing professionals, and entrepreneurs. The bottom-up approach
has been used to estimate the global and regional Global Fish Oil
Market size. SWOT analysis was used to provide the strengths and
weaknesses of Fish Oil key players in the industry.
The Fish Oil Market size was valued at USD 2.37 Billion in 2023 and the total Fish Oil
revenue is expected to grow at a CAGR of 5.9% from 2024 to 2030,
reaching nearly USD 3.54 Billion by
2030. APAC is estimated to contribute more than 35.50% to the
growth of the global market during the forecast period. Stellar's
analysts have provided extensive insight into the market
forecasting, detailing the regional trends and drivers influencing
the market's trajectory during the forecast period.
Details insights on this market, request for methodology here
@ https://www.stellarmr.com/report/req_sample/Fish-Oil-Market/1602
Competitive Landscape
The Fish Oil Market includes the presence of several global as
well as regional key players. A few prominent players that offer
Fish Oil in the market are FF Skagen A/S, Croda International plc ,
Marvesa Holdings NV , Royal DSM NV, BASF SE, GC Reiber Vivomega
Oils, LYSI HF, Koninklijke DSM N.V, Croda International PLC, Omega
Protein Corporation, FMC Corporation, Colpex International,
American Marine Ingredients,
Corpesca Sa, Pesquera Diamante SA, Pesquera Exalmar and others.
What's New: Recent Additions and Updates
- Market estimates and forecasts (2018-2030) both value and
volume in MT.
- Production Capacity Analysis of the Key Manufacturers.
- Fish oil price analysis.
- Product pricing optimization Strategy.
- Related Industry Analysis (Food and Beverage Market
Analysis).
- Impact of COVID-19 on fish oil sales and shipping.
- Exclusive sales assessment of Fish Oil.
- Recommendation for key success strategies.
Key Player Offerings
Top cod oil vendors focus on continuous product introductions to
reach more customers, while top mackerel oil vendors focus on
offering promotional and marketing activities people realize the
health benefits of fish oil in the global market. Attracting
millennials can be a daunting task, as they are the most dispersed
target group and respond very differently to marketing messages.
But manufacturers know that millennials are the biggest and best
users of social media when it comes to online marketing. For this
target group in the decision-making process, one-click appeals and
the ability to compare supplements online are key.
- In 2019, BASF Nutrition and health launched omega-3 solutions
for chronic fatty liver disease.
- In 2020, AlaskaOmega introduced an omega-3 concentrate powder
made from natural fish oil.
For details on the key players and their offerings:
https://www.stellarmr.com/report/req_sample/Fish-Oil-Market/1602
Market Overview
Fish oil, derived from various fish species, is a potent source
of omega-3 fatty acids, primarily eicosapentaenoic acid (EPA) and
docosahexaenoic acid (DHA). These essential fatty acids are notably
found in fishes like mackerel, herring, tuna, and salmon. The body
doesn't naturally produce sufficient omega-3 fatty acids, making
fish oil a valuable supplement.
Rising health consciousness propels the demand for fish oil,
abundant in omega-3 fatty acids renowned for various health
benefits. Its positive impact on heart health, cognitive function,
inflammation reduction, and mental well-being drives significant
Fish Oil Market growth. This surge in awareness, especially about
its role in preventing chronic diseases, fuels demand across
multiple sectors such as supplements, fortified foods, and
pharmaceuticals. Consumers increasingly seek its advantages,
spurring a diverse range of product applications to cater to
evolving health needs.
Despite major setbacks in Peru,
the global supply of fishmeal and fish oil is now stable with
higher volumes in the North Atlantic and increased production in
Chile. Flooding and the
destruction of aquaculture have reduced demand for Chinese
fishmeal, which will account for half of global imports by 2021. In
2022, the Peruvian anchoveta fishery, a critical source for global
fishmeal and fish oil, faced continuous disruptions from adverse
weather and high juvenile catches. The main North Central fishing
region closed at the end of July, filling only 84% of the 2.8
million tonne quota. Additionally, oil yields were merely 2% of
catches, compared to the usual 3%. The southern region's
performance was even weaker, achieving just 13% of its
486,000-tonne quota. As a result, global fish supply fell by 6.7%
and fish oil by 12.7%. Despite these challenges, the extensive
arrest of secondary producers has partially prevented the damage.
Icelandic reduction fisheries, for instance, saw an 84% increase in
catches to 380,000 tonnes in the first half of the year, driven
primarily by a sevenfold rise in the capelin quota to 870,000
tonnes.
China, which is a major player
in the fishmeal market, imported 873,000 tonnes in the first half
of 2022, 77,000 tonnes less than the same period in 2021 but up
from 565,000 tonnes imported in the first half of 2020
significantly. This decline in demand is due to adverse weather
conditions and high fishmeal stocks.
Peru generally produces about
half of the world's fish meal and one-third of the fish oil supply.
The crisis in the Anchoweta fishery had a major impact on the
global market. However, increased abundance in the North Atlantic
mitigated some of these effects. The proposed tax on salmon farms
in Norway is likely to
significantly reduce production, affecting demand for fish oil in
one of the key markets.
For an in-depth analysis and in-depth view, Stellar Market
Research Report provides important information for investors who
are going through the growing global fish oil market from 2024 to
2030. This report covers these trends and more, providing valuable
guidance in making informed investment decisions.
Segment Overview
Stellar has segmented the market based on by Product Type
(Salmon Oil, Tuna Oil, Anchovy Oil, Cod Liver Oil, Others (Herring
Oil, Mackerel Oil, Sardine Oil, etc.) by Application
(Pharmaceuticals, Supplements & Functional Food, Dietary
Supplements, Animal Nutrition (Aquaculture, Pet Food), Functional
Food & Beverages, Others (Cosmetics, Agriculture, etc.), by
Extraction Method (Mechanical Pressing, Enzymatic Hydrolysis,
Supercritical Fluid Extraction (SFE), Chemical Extraction. by
Distribution Channel (Online Retail, Offline Retail, and Region
(APAC, Europe, North America, Middle
East and Africa, and South America).
Based on Product Type, salmon oil currently dominates the
fish oil market due to its high omega-3 content and perceived
health benefits. Its popularity comes from its rich source of EPA
and DHA, which are important for heart health and reducing
inflammation. Tuna oil follows close behind due to the same omega-3
properties. Anchovy oil is gaining traction due to its consistency
and omega-3 content. Although cod liver oil is historically
important, the high levels of key nutrients in salmon and tuna oils
help to dominate the market.
Based on application, the Aquaculture segment held the
largest market share of xx% by 2023 and is expected to grow at the
highest CAGR of 6.9% in the global market during the forecast
period. Increase in aquaculture production in emerging economies
such as India and China are driving market growth. Also, major
market drivers are increasing health consciousness and increasing
incidence of chronic cardiovascular diseases. The increasing use of
fish oil in cosmetics is another driving force in the market.
Growing aquaculture activities are expected to drive the market
growth globally.
The report will offer a precise estimation of the contribution
by various segments in the growth of the Fish Oil market size.
Request Free Sample Copy (To Understand the Complete
Structure of this Report [Summary + TOC]) all
https://www.stellarmr.com/report/req_sample/Fish-Oil-Market/1602
Geography Overview
North America, holds the second
largest market share at 28% by 2023 and the global fish oil
industry is expected to grow at the highest CAGR of 8.62% during
the forecast period. Due to the need to increase physical activity
in the region and the increasing use of nutrients for health care
there is a need for omega-3 rich food for psychological development
is estimated to fuel regional market growth.
North America has become the
dominant fish oil market, but its growth has slowed compared to the
booming expansion in Asia-Pacific.
Several reasons contribute to this. The market here is
well-established, with a long history of using fish oil
supplements. This means there's less potential for significant
growth compared to regions where fish oil is newly introduced.
For detailed information about market trends, product
specifications, industry trends, and future outlook, please refer
to the complete report by Stellar Market Research.
Global Fish Oil Market 2023-2027: Key Highlights
Market Size in
2023:
|
2.37
|
Market Size in
2030:
|
3.53
|
CAGR:
|
5.9 %
|
Forecast
Period:
|
2024-2030
|
Base
Year:
|
2023
|
Number of
Pages:
|
219
|
No. of
Tables:
|
121
|
No. of Charts and
Figures:
|
153
|
Regional
Scope:
|
North America, Europe,
Asia Pacific, and Africa, South America
|
Report
Coverage:
|
Market Share, Size and
Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers,
Restraints, Investment Opportunities, and Key Trends, Competitive
Landscape, Key Players Benchmarking, Competitive Analysis, Stellar
Competition Matrix, Competitive Leadership Mapping, Global Key
Players' Market Ranking Analysis.
|
- Historic Market Size 2017-2023
- CAGR of the market during 2024-2030.
- Detailed information on factors that will assist Fish Oil
market growth during the next seven years.
- An estimation of the Fish Oil market size and the impact of
country's GDP on Fish Oil market.
- Forecasts on upcoming trends and changes in consumer
behaviour.
- The growth of the Fish Oil market.
- Analysis of the competitive landscape and detailed information
on companies.
- Comprehensive details of factors that will impede the growth of
Fish Oil companies.
Stellar Market Research is leading Energy and
Power Research Firm, has also published the following
reports:
US Fish Oil Market size was valued at USD 720 Mn. in 2023 and the total US Fish Oil
revenue is expected to grow at a CAGR of 9.5% from 2024 to 2030,
reaching nearly USD 1359 Mn.
Cod Liver Oil Market size was valued at USD 94.12 Bn. in 2023 and the total Global Cod
Liver Oil revenue is expected to grow at a CAGR of 6.4% from 2024
to 2030, reaching nearly USD 145.30
Bn. by 2030.
Food Botanicals Market size was valued at
USD 171.72 Billion in
2023 and is expected to reach USD
265.11 Billion by 2030 at a CAGR of 6.4% over the
forecast period.
Hemps Seed Oil Market size was valued at
USD 92.45 Mn. in 2023 and the total
Global Hemps seed oil revenue is expected to grow at a CAGR of
11.55% from 2024 to 2030, reaching nearly USD 198.67 Mn. by 2030.
Functional Food Ingredients Market is expected to
grow at a CAGR of 7% during the forecast period. Functional Food
Ingredients Market is expected to reach US$
193.81 Bn. in 2030 from US$ 120.69
Bn in 2023.
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and
consulting company with professionals from several industries. Some
of the industries we cover include medical devices, pharmaceutical
manufacturers, science and engineering, electronic components,
industrial equipment, technology and communication, cars and
automobiles, chemical products and substances, general merchandise,
beverages, personal care, and automated systems.
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