Fish Oil Market Forecast to 2028

Report Code : TIPRE00016600 | Region : Global | Industry : Food and Beverages | Published Date : 31/Jan/2022
Fish Oil Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Species Type (Blue Whiting, Anchoveta, Sardine, Capelin, and Others) and Application (Pharmaceuticals, Animal Nutrition and Pet Food, Aquaculture, Dietary Supplements, and Others)

The global fish oil market was valued at US$ 2,087.39 million in 2021 and is projected to reach US$ 3,178.28 million by 2028. It is expected to grow at a CAGR of 6.2% from 2021 to 2028.

The fish oil is gluten-free and includes hemicellulose, which is a glue-like component found in corn. Thus, being gluten-free, it is mostly consumed by health-conscious consumers and those with celiac disease.

Based on the species type, the global fish oil market is bifurcated into blue whiting, anchoveta, sardine, capelin, and others. In 2020, sardine led the global market. According to the United States Food and Drug Administration (USFDA), sardine has a low mercury concentration (i.e., below minimum level) compared to salmon, mackerel, anchovies, and tuna. These are low in mercury because of their small size and occupy the bottom-most position in the aquatic food chain.

Fish oil market analysis based on geography is segmented into North America, Europe, Asia Pacific (APAC), South and Central America (SCAM), and the Middle East and Africa (MEA). In 2020, Asia-Pacific was the dominating region for the market. The changing lifestyle of the consumers and becoming more and more health-conscious is driving the demand for fish oil across the region. The increased presence of chronic diseases and the rising geriatric population will drive the growth of the fish oil market across the region.

 

Many industries, such as the food and beverage industry, faced unprecedented challenges due to the COVID-19 pandemic. The shortage of raw material and labor, the shutdown of factories, and other operational difficulties under COVID-19 safety protocols negatively impacted the fish oil market. The lockdown heavily impacted end-use industries, restraining the growth of the fish oil market. However, the introduction of the COVID-19 vaccine has further eased the situation leading to a rise in business activities worldwide. The economies are reviving their operations, and the demand for fish oil is expected to rise globally. Key manufacturers have started resuming their operations, increasing the production capacity of fish oil.

The leading players in this market are Pesquera Exalmar S.A.A.; Omega Protein Corporation; Pelagia AS; Copeinca; Coplex International S.A.C; Triplenine; FF Skagen A/S; DSM; Croda International PLC; and BASF SE. These companies are taking up strategies to expand their geographic presence and consumer base, such as mergers & acquisitions and product launches.

The overall global fish oil market size has been derived in accordance with to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the global fish oil market.

The List of Companies – Global Fish Oil Market

1. PESQUERA EXALMAR S.A.A.

2. OMEGA PROTEIN CORPORATION

3. PELAGIA AS

4. COPEINCA

5. COPLEX INTERNATIONAL S.A.C

6. TRIPLENINE

7. FF SKAGEN A/S

8. DSM

9. CRODA INTERNATIONAL PLC

10. BASF SE

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis Formulation:

3.2.4 Macro-economic Factor Analysis:

3.2.5 Developing Base Number:

3.2.6 Data Triangulation:

3.2.7 Country Level Data:

4. Fish Oil Market Landscape

4.1 Market Overview

4.2.1 Bargaining Power of Suppliers:

4.2.2 Bargaining Power of Buyers:

4.2.3 Threat of New Entrants:

4.2.4 Competitive Rivalry:

4.2.5 Threat of Substitutes:

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. Fish Oil Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Various Health Benefits Associated with Fish Oil

5.1.2 Wide Range of Applications of Fish Oil in Different Industries

5.2 Market Restraints

5.2.1 Adverse Climatic Conditions along with Ecological Risk

5.3 Market Opportunities

5.3.1 Opportunities of Fish Oil in Dietary Supplements

5.4 Future Trends

5.4.1 Growing Awareness of Omega-3

5.5 Impact Analysis of Drivers and Restraints

6. Fish Oil – Global Market Analysis

6.1 Fish Oil Market Overview

6.2 Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

6.3 Market Positioning – Fish Oil Market Players

7. Fish Oil Market – By Species Type

7.1 Overview

7.2 Fish Oil Market, By Species Type (2020 and 2028)

7.3 Blue Whiting

7.3.1 Overview

7.3.2 Blue Whiting: Fish Oil Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Anchoveta

7.4.1 Overview

7.4.2 Anchoveta: Fish Oil Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Sardine

7.5.1 Overview

7.5.2 Sardine: Fish Oil Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Capelin

7.6.1 Overview

7.6.2 Capelin: Fish Oil Market – Revenue and Forecast to 2028 (US$ Million)

7.7 Others

7.7.1 Overview

7.7.2 Others: Fish Oil Market – Revenue and Forecast to 2028 (US$ Million)

8. Fish Oil Market Analysis – By Application

8.1 Overview

8.2 Fish Oil Market, By Application (2020 and 2028)

8.3 Aquaculture

8.3.1 Overview

8.3.2 Aquaculture: Fish Oil Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Pharmaceuticals

8.4.1 Overview

8.4.2 Pharmaceuticals: Fish Oil Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Dietary Supplements

8.5.1 Overview

8.5.2 Dietary Supplements: Fish Oil Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Animal Nutrition and Pet Food

8.6.1 Overview

8.6.2 Animal Nutrition and Pet Food: Fish Oil Market – Revenue and Forecast to 2028 (US$ Million)

8.7 Others

8.7.1 Overview

8.7.2 Others: Fish Oil Market – Revenue and Forecast to 2028 (US$ Million)

9. Fish Oil Market – Geographic Analysis

9.1 Overview

9.2 North America: Fish Oil Market

9.2.1 North America: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.2.2 North America: Fish Oil Market, by Species Type

9.2.3 North America: Fish Oil Market, by Application

9.2.4 North America: Fish Oil Market, by Key Country

9.2.4.1 US: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.1.1 US: Fish Oil Market, by Species Type

9.2.4.1.2 US: Fish Oil Market, by Application

9.2.4.2 Canada: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.2.1 Canada: Fish Oil Market, by Species Type

9.2.4.2.2 Canada: Fish Oil Market, by Application

9.2.4.3 Mexico: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.3.1 Mexico: Fish Oil Market, by Species Type

9.2.4.3.2 Mexico: Fish Oil Market, by Application

9.3 Europe: Fish Oil Market

9.3.1 Europe: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.3.2 Europe: Fish Oil Market, by Species Type

9.3.3 Europe: Fish Oil Market, by Application

9.3.4 Europe: Fish Oil Market, by Key Country

9.3.4.1 Germany: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.1.1 Germany: Fish Oil Market, by Species Type

9.3.4.1.2 Germany: Fish Oil Market, by Application

9.3.4.2 France: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.2.1 France: Fish Oil Market, by Species Type

9.3.4.2.2 France: Fish Oil Market, by Application

9.3.4.3 Italy: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.1 Italy: Fish Oil Market, by Species Type

9.3.4.3.2 Italy: Fish Oil Market, by Application

9.3.4.4 UK: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.4.1 UK: Fish Oil Market, by Species Type

9.3.4.4.2 UK: Fish Oil Market, by Application

9.3.4.5 Russia: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.5.1 Russia: Fish Oil Market, by Species Type

9.3.4.5.2 Russia: Fish Oil Market, by Application

9.3.4.6 Rest of Europe: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.6.1 Rest of Europe: Fish Oil Market, by Species Type

9.3.4.6.2 Rest of Europe: Fish Oil Market, by Application

9.4 Asia Pacific: Fish Oil Market

9.4.1 Asia Pacific: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.4.2 Asia Pacific: Fish Oil Market, By Species Type

9.4.3 Asia Pacific: Fish Oil Market, by Application

9.4.4 Asia Pacific: Fish Oil Market, by Key Country

9.4.4.1 Australia: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.1.1 Australia: Fish Oil Market, By Species Type

9.4.4.1.2 Australia: Fish Oil Market, by Application

9.4.4.2 China: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.2.1 China: Fish Oil Market, By Species Type

9.4.4.2.2 China: Fish Oil Market, by Application

9.4.4.3 India: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.3.1 India: Fish Oil Market, By Species Type

9.4.4.3.2 India: Fish Oil Market, by Application

9.4.4.4 Japan: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.4.1 Japan: Fish Oil Market, By Species Type

9.4.4.4.2 Japan: Fish Oil Market, by Application

9.4.4.5 South Korea: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.5.1 South Korea: Fish Oil Market, By Species Type

9.4.4.5.2 South Korea: Fish Oil Market, by Application

9.4.4.6 Rest of Asia Pacific: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.6.1 Rest of Asia Pacific: Fish Oil Market, By Species Type

9.4.4.6.2 Rest of Asia Pacific: Fish Oil Market, by Application

9.5 Middle East and Africa: Fish Oil Market

9.5.1 Middle East and Africa: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.5.2 Middle East and Africa: Fish Oil Market, By Species Type

9.5.3 Middle East and Africa: Fish Oil Market, by Application

9.5.4 Middle East and Africa: Fish Oil Market, by Key Country

9.5.4.1 South Africa: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.1.1 South Africa: Fish Oil Market, By Species Type

9.5.4.1.2 South Africa: Fish Oil Market, by Application

9.5.4.2 Saudi Arabia: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.2.1 Saudi Arabia: Fish Oil Market, By Species Type

9.5.4.2.2 Saudi Arabia: Fish Oil Market, by Application

9.5.4.3 UAE: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.3.1 UAE: Fish Oil Market, By Species Type

9.5.4.3.2 UAE: Fish Oil Market, by Application

9.5.4.4 Rest of MEA: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.4.1 Rest of MEA: Fish Oil Market, By Species Type

9.5.4.4.2 Rest of MEA: Fish Oil Market, by Application

9.6 South and Central America: Fish Oil Market

9.6.1 South and Central America: Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

9.6.2 South and Central America: Fish Oil Market, By Species Type

9.6.3 South and Central America: Fish Oil Market, by Application

9.6.4 South and Central America: Fish Oil Market, by Key Country

9.6.4.1 Brazil: Fish Oil Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.1.1 Brazil: Fish Oil Market, By Species Type

9.6.4.1.2 Brazil: Fish Oil Market, by Application

9.6.4.2 Argentina: Fish Oil Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.2.1 Argentina: Fish Oil Market, By Species Type

9.6.4.2.2 Argentina: Fish Oil Market, by Application

9.6.4.3 Rest of South and Central America: Fish Oil Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.3.1 Rest of South and Central America: Fish Oil Market, By Species Type

9.6.4.3.2 Rest of South and Central America: Fish Oil Market, by Application

10. Impact of COVID-19 on Global Fish Oil Market

10.1 Overview – Impact of COVID-19

10.2 North America: Impact Assessment of COVID-19 Pandemic

10.3 Europe: Impact Assessment of COVID-19 Pandemic

10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic

10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

10.6 South and Central America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Expansion

11.3 Product News

12. Company Profiles

12.1 Pesquera Exalmar SAA

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Omega Protein Corporation

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Pelagia AS

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Copeinca

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Coplex International SAC

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Triple Nine

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 FF Skagen A/S

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Croda International PLC

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 BASF SE

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 DSM

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1. Fish Oil Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. Global Fish Oil Market, by Species Type– Revenue and Forecast to 2028 (US$ Million)

Table 3. Global Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4. North America Fish Oil Market, by Species Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. North America Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6. US Fish Oil Market, by Species Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. US Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8. Canada: Fish Oil Market, by Species Type – Revenue and Forecast to 2028 (US$ Million)

Table 9. Canada Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 10. Mexico Fish Oil Market, by Species Type – Revenue and Forecast to 2028 (US$ Million)

Table 11. Mexico Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 12. Europe Fish Oil Market, by Species Type – Revenue and Forecast to 2028 (US$ Million)

Table 13. Europe Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 14. Germany Fish Oil Market, by Species Type – Revenue and Forecast to 2028 (US$ Million)

Table 15. Germany Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 16. France Fish Oil Market, by Species Type – Revenue and Forecast to 2028 (US$ Million)

Table 17. France Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 18. Italy Fish Oil Market, by Species Type – Revenue and Forecast to 2028 (US$ Million)

Table 19. Italy Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 20. UK Fish Oil Market, by Species Type – Revenue and Forecast to 2028 (US$ Million)

Table 21. UK Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 22. Russia: Fish Oil Market, by Species Type– Revenue and Forecast to 2028 (US$ Million)

Table 23. Russia: Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 24. Rest of Europe Fish Oil Market, by Species Type – Revenue and Forecast to 2028 (US$ Million)

Table 25. Rest of Europe Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 26. Asia Pacific Fish Oil Market, By Species Type – Revenue and Forecast to 2028 (US$ Million

Table 27. Asia Pacific Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 28. Australia Fish Oil Market, By Species Type– Revenue and Forecast to 2028 (US$ Million)

Table 29. Australia Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 30. China Fish Oil Market, By Species Type – Revenue and Forecast to 2028 (US$ Million)

Table 31. China Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 32. India Fish Oil Market, By Species Type – Revenue and Forecast to 2028 (US$ Million)

Table 33. India Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 34. Japan Fish Oil Market, By Species Type – Revenue and Forecast to 2028 (US$ Million)

Table 35. Japan Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 36. South Korea Fish Oil Market, By Species Type – Revenue and Forecast to 2028 (US$ Million)

Table 37. South Korea Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 38. Rest of Asia Pacific Fish Oil Market, By Species Type – Revenue and Forecast to 2028 (US$ Million)

Table 39. Rest of Asia Pacific Fish Oil Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 40. Middle East and Africa Fish Oil Market, By Species Type– Revenue and Forecast to 2028 (US$ Million)

Table 50. South and Central America Fish Oil Market, By Species Type – Revenue and Forecast to 2028 (USD Million)

Table 51. South and Central America Fish Oil Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 52. Brazil Fish Oil Market, By Species Type – Revenue and Forecast to 2028 (USD Million)

Table 53. Brazil Fish Oil Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 54. Argentina Fish Oil Market, By Species Type – Revenue and Forecast to 2028 (USD Million)

Table 55. Argentina Fish Oil Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 56. Rest of South and Central America Fish Oil Market, By Species Type – Revenue and Forecast to 2028 (USD Million)

Table 57. Rest of South and Central America Fish Oil Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 58. List of Abbreviation

The List of Companies – Global Fish Oil Market

1. PESQUERA EXALMAR S.A.A.

2. OMEGA PROTEIN CORPORATION

3. PELAGIA AS

4. COPEINCA

5. COPLEX INTERNATIONAL S.A.C

6. TRIPLENINE

7. FF SKAGEN A/S

8. DSM

9. CRODA INTERNATIONAL PLC

10. BASF SE

Reason To Buy

• Highlights key business priorities to assist companies realign their business strategies.

• Features key findings and crucial progressive industry trends in the global fish oil market, thereby allowing players to develop effective long-term strategies.

• Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.

• Scrutinizes in-depth market trends as well as key market drivers and restraints.

• Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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