Global Fish Oil Market

Global Fish Oil Market by Sources (Anchovy, Cod, Herring, Mackerel, Menhaden, Sardines, and Others), Applications (Animal Nutrition & Pet Food, Aquaculture [Crustaceans, Cyprinids, Eles, Marine Fish, Salmon & Trout, Tilapias, and Others], Cosmetic & Therapeutic, Pharmaceuticals, Supplements & Functional Food, and Others), Distribution Channels (Hypermarkets & Supermarkets, Online Stores, Specialty Stores, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-3902
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 202
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The global fish oil market size is anticipated to expand at a substantial CAGR during the forecast period, between 2021 and 2028. The growth of the market is attributed to the growing awareness about health benefits of fish oil.

Global Fish Oil Market summary

Fish oil, which may be obtained from eating fish or taking nutritional supplements, is high in omega-3 fatty acids, which are important components for all round development of good health. The oil is rich of other nutrients that help in the treatment of several illness especially heart disease. Seafood that contains high essential fatty acids include tuna, mackerel, salmon, and herring. Omega-3 fatty acids can also be found in whale blubber, seal blubber, and cod liver. Nutrients such as Docosahexaenoic acid and Eicosapentaenoic acid appear to be the two most important omega-3 fatty acids found in fish oil and are both abundantly also found in fatty fish such as salmon and tuna. Fish oil has a variety of health benefits including improved cardiovascular function and nervous system performance.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing consumer awareness of the consumption of fish and numerous nutritious values of its oil is projected to boost market revenue during the forecast period.
  • High number of people suffering from heart and cardiac problems worldwide is another key factor boosting the demand for fish oil.
  • High price of fish oil and the abundant presence of other alternative meat supplements such as pork and beef are projected to hamper the market growth.
  • Changes in climatic circumstances that impact the rearing culture of fish farming act another major hurdle that can hinder the market expansion.
  • Rapid adoption of advanced aquaculture practices and innovative fish farming techniques are expected to create new opportunities for market growth during the projection period.

Scope of the report

The report on the global fish oil market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Fish Oil Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Sources (Anchovy, Cod, Herring, Mackerel, Menhaden, Sardines, and Others), Applications (Animal Nutrition & Pet Food, Aquaculture [Crustaceans, Cyprinids, Eles, Marine Fish, Salmon & Trout, Tilapias, Others], Cosmetic & Therapeutic, Pharmaceuticals, Supplements & Functional Food, and Others), and Distribution Channels (Hypermarkets & Supermarkets, Online Stores, Specialty Stores, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Omega Protein Corporation; Pesquera Exalmar S.A.A.; FF SKAGEN A/S; Croda International Plc; TripleNine; BASF Corporation; Complex International S.A.C.; The Scoular Company; GOLDEN OMEGA; and Epax

Global Fish Oil Market Segment Insights

Anchovy segment is projected to hold significant market share

Based on sources, the global fish oil market is segmented into anchovy, cod, herring, mackerel, menhaden, sardines, and others. The anchovy segment is projected to hold significant market share due to increasing awareness of the presence of Docosahexaenoic acids in anchovy-based fish oil and rising number of new product launches of anchovy-based fish oils. The increasing investment by key players in the development of anchovy-based fish oils is propelling the segment. The Menhaden segment, however, is expected to register a substantial growth rate in the coming years due to rising demand for omega-3 fatty acids in a variety of applications and increasing use of menhaden-based fish oils as a key source of animal nutrition.

Aquaculture segment is anticipated to account for substantial share

On the basis of applications, the market is segregated into animal nutrition & pet food, aquaculture, cosmetic & therapeutic, pharmaceuticals, supplements & functional food, and others. The aquaculture segment is further divided into crustaceans, cyprinids, eles, marine fish, salmon & trout, tilapias, and others. The aquaculture segment is anticipated to account for substantial share of the market owing to increasing demand for anchovy-based fish oils and growing need for regular stocking for rising consumption of fish. Moreover, the increasing emphasis on boosting global fish output coupled with the promotion of farming of prominent fish species such as salmon and trout present another key driver of the segment.

Global Fish Oil Market application

Online stores segment to expand at a robust pace

In terms of distribution channels, the global fish oil market is fragmented into hypermarkets & supermarkets, online stores, specialty stores, and others. The online stores segment is anticipated to expand at a robust pace during the forecast period owing to the improved consumer experience for buying products online and heavy discount offer with the products. Owing of the COVID lockdowns, offline store had been shut down due to customers' fear of contacting the coronavirus. This resulted in increasing sales of various consumer products from the online platforms, which in turn, pushing the massive expansion of the e-commerce industry.  Rapid digitalization, as a result of government initiatives, has resulted in significant penetration of online shopping and e-commerce.   

Global Fish Oil Market distribution channels

North America is expected to dominate the market

In terms of regions, the global market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market due to wide acceptance of anchovy-based fish oil by a large section of the regional population, impacted by growing knowledge about the health advantages of Docosahexaenoic acids. Moreover, increasing product launches related to menhaden-based fish oils by key players presents another key driver of the regional market.

Global Fish Oil Market region

Segments

Segments Covered in the Report
The global fish oil market has been segmented on the basis of
Sources

  • Anchovy
  • Cod
  • Herring
  • Mackerel
  • Menhaden
  • Sardines
  • Others

Applications

  • Animal Nutrition & Pet Food
  • Aquaculture
    • Crustaceans
    • Cyprinids
    • Eles
    • Marine Fish
    • Salmon & Trout
    • Tilapias
    • Others
  • Cosmetic & Therapeutic
  • Pharmaceuticals
  • Supplements & Functional Food
  • Others

Distribution Channels

  • Hypermarkets & Supermarkets
  • Online Stores
  • Specialty Stores
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Omega Protein Corporation
  • Pesquera Exalmar S.A.A.
  • FF SKAGEN A/S
  • Croda International Plc
  • TripleNine
  • BASF Corporation
  • Complex International S.A.C.
  • The Scoular Company
  • GOLDEN OMEGA
  • Epax

 

 

Competitive Landscape

Key players competing in the global fish oil market are Omega Protein Corporation; Pesquera Exalmar S.A.A.; FF SKAGEN A/S; Croda International Plc; TripleNine; BASF Corporation; Complex International S.A.C.; The Scoular Company; GOLDEN OMEGA; and Epax. These players are constantly engaged in several business development activities such as collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to strengthen their geographical presence and expand their customer base globally.

Global Fish Oil Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fish Oil Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Fish Oil Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Fish Oil Market - Supply Chain
  4.5. Global Fish Oil Market Forecast
     4.5.1. Fish Oil Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Fish Oil Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Fish Oil Market Absolute $ Opportunity
5. Global Fish Oil Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Fish Oil Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Fish Oil Demand Share Forecast, 2019-2026
6. North America Fish Oil Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Fish Oil Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Fish Oil Demand Share Forecast, 2019-2026
7. Latin America Fish Oil Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Fish Oil Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Fish Oil Demand Share Forecast, 2019-2026
8. Europe Fish Oil Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Fish Oil Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Fish Oil Demand Share Forecast, 2019-2026
9. Asia Pacific Fish Oil Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Fish Oil Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Fish Oil Demand Share Forecast, 2019-2026
10. Middle East & Africa Fish Oil Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Fish Oil Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Fish Oil Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Fish Oil Market: Market Share Analysis
  11.2. Fish Oil Distributors and Customers
  11.3. Fish Oil Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Omega Protein Corporation
     11.4.2. Pesquera Exalmar S.A.A.
     11.4.3. FF SKAGEN A/S
     11.4.4. Croda International Plc
     11.4.5. TripleNine
     11.4.6. BASF Corporation
     11.4.7. Complex International S.A.C.
     11.4.8.

Segments Covered in the Report
The global fish oil market has been segmented on the basis of
Sources

  • Anchovy
  • Cod
  • Herring
  • Mackerel
  • Menhaden
  • Sardines
  • Others

Applications

  • Animal Nutrition & Pet Food
  • Aquaculture
    • Crustaceans
    • Cyprinids
    • Eles
    • Marine Fish
    • Salmon & Trout
    • Tilapias
    • Others
  • Cosmetic & Therapeutic
  • Pharmaceuticals
  • Supplements & Functional Food
  • Others

Distribution Channels

  • Hypermarkets & Supermarkets
  • Online Stores
  • Specialty Stores
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Omega Protein Corporation
  • Pesquera Exalmar S.A.A.
  • FF SKAGEN A/S
  • Croda International Plc
  • TripleNine
  • BASF Corporation
  • Complex International S.A.C.
  • The Scoular Company
  • GOLDEN OMEGA
  • Epax

 

 

Key players competing in the global fish oil market are Omega Protein Corporation; Pesquera Exalmar S.A.A.; FF SKAGEN A/S; Croda International Plc; TripleNine; BASF Corporation; Complex International S.A.C.; The Scoular Company; GOLDEN OMEGA; and Epax. These players are constantly engaged in several business development activities such as collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to strengthen their geographical presence and expand their customer base globally.

Global Fish Oil Market keyplayers

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