Global Fish Oil Market Research Report Forecast 2028
Posted by vidhyanigam98 on March 20th, 2021
Bharat Book Bureau Provides the Treding Market Research Report on "Global Fish Oil Market 2021-2028" under Food & Beverage Category. The report offers a collection of superior market researach, market analysis, competitive intelligence and Market reports.
The rising demand for Fish Oil by the older population, along with the substantial growth of the aquaculture industry, are the main factors driving the growth of this market. Also, fish oil offers numerous health benefits. It has omega-3 fatty acids like EPA (Eicosapentaenoic acid), which improves the functioning of the cardiovascular system, and DHA (Docosahexaenoic acid), which plays a vital role in the efficient functioning of the nervous system. This has significantly enhanced the demand for fish oil.
However, factors harsh weather conditions, stringent government rules & guidelines, and scarcity of fish oil are impeding the market growth. On the bright side, the rising demand from the supplement industry is creating numerous opportunities for market development.
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The global market for fish oil encompasses the Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa.
North America is the most promising regional market, and is expected to grow the fastest in the forecasting duration, as compared to others. The United States and Canada produce and consume fish oil on a large scale. Also, the governments of these nations recommend the intake of essential Omega-3 fatty acids like EPA and DHA. This has significantly raised the demand for fish oil in the last couple of years, and it is being incorporated in pharmaceutical, supplements, and functional food applications.
The companies competing in this market are Colpex International, Triplenine Group A/S, Corpesca SA, FF Skagen A/S, Marvesa Holdings NV, FMC Corporation, Copeinca AS, Croda International Plc, GC Reiber Vivomega Oils, BASF SE, Royal DSM NV, Omega Protein Corporation, Pesquera Diamante SA, Pesquera Exalmar, and Lysi Hf.
Omega Protein Corporation is a company providing nutritional ingredients. It processes, markets, and distributes fish meal, fish oil products, and fish-based organic, soluble products. The company is also among the largest producers of omega-3 fish oil in the world.
Omega Protein enjoys strong operational capabilities, with a presence in Europe, North America, Asia, and Latin America. The strong operational network of the company allows it to serve customer requirements, which, in turn, improve its financial performance. Some of the company’s offerings include Menhaden Fish Oil, Virginia Prime Gold, and OmegaEquis.
TABLE OF CONTENTS
1. GLOBAL FISH OIL MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. KEY INSIGHTS
2.2.1. NORTH AMERICA IS THE MOST PROMISING REGIONAL MARKET
2.2.2. MACKEREL IS ANTICIPATED TO GROW AT THE HIGHEST CAGR
2.2.3. INCREASING HEALTH AWARENESS AMONG CONSUMERS
2.2.4. RISING DEMAND FOR FISH OIL IN SPORTSPERSONS
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTE
2.3.3. BARGAINING POWER OF SUPPLIERS
2.3.4. BARGAINING POWER OF BUYERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. KEY MARKET STRATEGIES
2.6.2. PARTNERSHIP & AGREEMENTS
2.6.3. BUSINESS EXPANSION
2.7. MARKET DRIVERS
2.7.1. SUBSTANTIAL DEVELOPMENT IN THE AQUACULTURE INDUSTRY
2.7.2. GROWING DEMAND FOR FISH OIL IN THE AGED
2.7.3. NUTRITIONAL BENEFITS OFFERED BY FISH OIL
2.8. MARKET RESTRAINTS
2.8.1. HARSH WEATHER CONDITIONS
2.8.2. DEARTH IN QUANTITY OF FISH OIL
2.8.3. STRICT GOVERNMENT GUIDELINES
2.9. MARKET OPPORTUNITIES
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