Report Id: SNS/F&B/1416 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The Fish Oil Market Size was valued at USD 2.66 billion in 2022 and is expected to reach USD 4.44 billion by 2030, and grow at a CAGR of 6.6% over the forecast period 2023-2030.
The fish oil is without gluten and incorporates hemicellulose, which is a paste-like part found in corn. In this way, being without gluten, it is for the most part consumed by wellbeing cognizant purchasers and those with celiac illness.
The rising interest in fish oil by the more established populace, alongside the significant development of the hydroponics business, are the fundamental variables driving the development of this market. Likewise, fish oil offers various medical advantages. It has omega-3 unsaturated fats like EPA (Eicosapentaenoic corrosive), which works on the working of the cardiovascular framework, and DHA (Docosahexaenoic corrosive), which assumes an imperative part in the productive working of the sensory system. This has essentially upgraded the interest in fish oil.
An expansion in well-being mindfulness among people in general, and significant development in the hydroponics business.
The lockdown vigorously affected end-use businesses.
The rising interest in the enhancement business.
Excessive costs of Fish Oil Market, joined with a popularity supply hole in the Fish Oil Market.
Impact of Covid-19:
Numerous enterprises, for example, the food and refreshment industry, confronted extraordinary difficulties because of the COVID-19 pandemic. The deficiency of natural substance and work, the closure of processing plants, and other functional challenges under COVID-19 wellbeing conventions adversely affected the fish oil market. The lockdown intensely influenced end-use ventures, limiting the development of the fish oil market.
Notwithstanding, the presentation of the COVID-19 antibody has additionally facilitated the circumstance prompting an ascent in business exercises around the world. The economies are restoring their activities, and the interest in fish oil is supposed to internationally rise. Key makers have begun continuing their tasks, expanding the creation limit of fish oil.
In light of the species type, the worldwide fish oil market is bifurcated into blue whiting, anchoveta, sardine, capelin, and others. As per the United States Food and Drug Administration (USFDA), sardine has a low mercury fixation (i.e., underneath the least level) contrasted with salmon, mackerel, anchovies, and fish. These are low in mercury as a result of their little size and involve the base of most situations in the oceanic pecking order.
By Distribution Channel:
Hypermarkets and Supermarkets
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The worldwide market for fish oil incorporates the Asia-Pacific, North America, Europe, Latin America, the Middle East, and Africa.
North America is the most encouraging territorial market and is supposed to develop the quickest in the gauging span when contrasted with others. The United States and Canada produce and consume fish oil for a huge scope. Additionally, the state-run administrations of these countries suggest the admission of fundamental Omega-3 unsaturated fats like EPA and DHA. This has fundamentally raised the interest in fish oil over the most recent few years, and it is being integrated in drug, supplements, and practical food applications.
Major Key players included in this report are DSM, BASF, Pelagia (EPAX), Golden Omega, TASA, Omega Protein, Croda, GC Rieber, Polaris, and Auqi.
|Market Size in 2022||US$ 2.66 Billion|
|Market Size by 2030||US$ 4.44 Billion|
|CAGR||CAGR 6.6% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Source (Anchoveta, Sardine, Capelin, Menhaden, Herring, Anchovy, Others)
• by Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Online Stores, Others)
• by End User (Aquaculture, Animal Feed, Nutritional Supplements, Pharmaceutical, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||DSM, BASF, Pelagia (EPAX), Golden Omega, TASA, Omega Protein, Croda, GC Rieber, Polaris, and Auqi|
|Key Drivers||•The storing idea of the shopper during the pandemic was brought about by a lengthy lockdown.
•The rising buyer interest for bundled and handled food items.
|Market Opportunities||•The rising interest in the enhancement business.|
Frequently Asked Questions (FAQ) :
Ans: The aquaculture segment is projected to make a foothold in the worldwide Fish Oil market.
Ans: An expansion in well-being mindfulness among people in general, a significant development in the hydroponics business, and the rising interest in the enhancement business are the elements driving and resulting in opportunities for the Fish Oil market.
Ans: Source, Distribution Channel, and End-Use segments are covered in the Plant-based Butter Market.
Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.
Ans: The Global Fish Oil Food Market Size was valued at USD 2.5 billion in 2021
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Fish Oil Market segmentation, by Source
9. Global Fish Oil Market segmentation, by Distribution Channel
9.1 Hypermarkets and Supermarkets
9.2 Specialty Stores
9.3 Online Stores
10. Global Fish Oil Market segmentation, by End-Use
10.2 Animal Feed
10.3 Nutritional Supplements
11. Global Fish Oil Market, by region/ country
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company profiles
12.1.2 Products/ Services Offered
12.1.3 Swot Analysis
12.1.4 The SNS View
12.3 Pelagia (EPAX)
12.4 Golden Omega
12.6 Omega Protein
12.8 GC Rieber
13. Competitive Landscape
13.1 Competitive Bench Marking
13.2 Market Share Analysis
13.3 Recent Developments
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