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.
Driving Factors:
An expansion in well-being mindfulness among people in general, and significant development in the hydroponics business.
Restraining Factors:
The lockdown vigorously affected end-use businesses.
Opportunities:
The rising interest in the enhancement business.
Challenges:
Excessive costs of Fish Oil Market, joined with a popularity supply hole in the Fish Oil Market.
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 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
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
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.
Golden Omega-Company Financial Analysis
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 2.66 Billion |
Market Size by 2030 | US$ 4.44 Billion |
CAGR | CAGR 6.6% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
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. |
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. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 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
8.1 Anchoveta
8.2 Sardine
8.3 Capelin
8.4 Menhaden
8.5 Herring
8.6 Anchovy
8.7 Others
9. Global Fish Oil Market segmentation, by Distribution Channel
9.1 Hypermarkets and Supermarkets
9.2 Specialty Stores
9.3 Online Stores
9.4 Others
10. Global Fish Oil Market segmentation, by End-Use
10.1 Aquaculture
10.2 Animal Feed
10.3 Nutritional Supplements
10.4 Pharmaceutical
10.5 Others
11. Global Fish Oil Market, by region/ country
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company profiles
12.1 DSM
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 Swot Analysis
12.1.4 The SNS View
12.2 BASF
12.3 Pelagia (EPAX)
12.4 Golden Omega
12.5 TASA
12.6 Omega Protein
12.7 Croda
12.8 GC Rieber
12.9 Polaris
12.10 Auqi
13. Competitive Landscape
13.1 Competitive Bench Marking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Black Pepper Market Size was esteemed at USD 2.63 billion out of 2022 and is supposed to arrive at USD 3.55 billion by 2030, and develop at a CAGR of 3.82% over the forecast period 2023-2030.
The Oleoresin Market size was USD 1.80 billion in 2023 and is expected to Reach USD 3.28 billion by 2032 and grow at a CAGR of 6.91 % over the forecast period of 2024-2032.
The Food Service Equipment Market size was valued at USD 42.56 Billion in 2023 and is expected to reach USD 71.32 Billion by 2032 and grow at a CAGR of 5.90% over the forecast period of 2024-2032.
The Flavored Water Market size was valued at USD 18.19 Billion in 2023 and is expected to reach USD 44.63 Billion by 2032 and grow at a CAGR of 10.49% over the forecast period of 2024-2032.
The Frozen Desserts Market Size was esteemed at USD 91.98 billion out of 2022 and is supposed to arrive at USD 147.47 billion by 2030 and develop at a CAGR of 6.1% over the forecast period 2023-2030.
Carbonated soft drink market Report Scope & Overview: The Carbonated Soft Drink Market
Hi! Click one of our member below to chat on Phone