Global Fish Oil Market - Forecast(2021 - 2026)

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Global Fish Oil Market Overview 

Global Fish Oil Market size was valued at $3.69Bn by 2020 and is anticipated to grow at a CAGR of 7.8% during the forecast period 2021-2026. The Fish Oil Market growth rate is attributed to the growing consumer demand for plant-based protein alternatives with growing consumer interest in foods that promote health and well-being are anticipated to bring new opportunities. Fish oil is simply the fat or oil from which fish tissue is extracted. Oily fish, such as herring, tuna, anchovies, and mackerel, are commonly found here. It is, however, often derived from the livers of other forms of fish. Almost 30 percent of fish oil consists of omega 3, while the remaining 70 percent is made of other ingredients. A safe source of omega-3 fatty acids is fish oil. Fish oil can lower triglyceride levels at high doses, as high levels of triglycerides increase the risk of heart disease. In addition, for irregular heartbeats and for depression, fish oil is often recommended. Rising chronic diseases around the world are anticipated in the coming years to fuel demand for fish oil. 
Moreover, it is anticipated that increased health approvals by various agencies, including the EU, the American Dietetic Association, the Food and Drug Administration (FDA) and the EFSA (European Food Safety Authority), together with regulatory support for the promotion of the fishing industry, would have a positive effect on the market. Growing R&D investments along with technological advancement to use the portion in the healthcare sector is also predicted to open new business avenues.

Global Fish Oil Market Report Coverage

The report: “Global Fish Oil Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Fish Oil Market:
By Source: Anchovy, Cod, Herring, Menhaden, Mackerel, Sardines and Others.
By Form: Soft-Gels and Liquid.
By Application: Aquaculture, Animal Nutrition & Pet food, Pharmaceuticals, Supplements & Functional food, and others.
By Geography: North America, Europe, Asia-Pacific, and Rest of World.

Key Takeaways

  • North America dominated the Fish Oil Market with a share of 42.16% in the year 2020.        
  • The factors such as growing demand for hydrogenated vegetable oils and margarine on account of changing eating habits are amongst the major factor projected to impel growth of Fish Oil Market.
  • Increasing awareness about the health benefits leads to increase the consumption and growing aquaculture industry increases the consumption of fish oil is the key factors owing the growth in the segment during forecast period 2021-2026.

Global Fish Oil Market Segment Analysis - By Source

Based on source, anchovy segment held the highest segmental revenue share in 2020. This can be attributed to the fact that anchovies have some of the largest concentrations of polyunsaturated EPA and DHA fatty acids of any species of fish. While consumed as whole fish, most anchovies are processed into feed and capsule fish oil, as well as fishmeal, primarily used in aqua-feeds as they are good source of omega-3 fatty acids, calcium, and substantial vitamins and minerals. In addition, anchovies have one of the lowest mercury concentrations of all forms of fish, making them, when consumed in moderation, a healthy and nutritious choice.
Moreover, anchovy segment is also anticipated to witness significant growth along the forecast period 2021-2026 as the increase in demand of fish oil in pharmaceuticals, supplements & functional food, and others, which fuels the demand for fish oil among individuals.

Global Fish Oil Market Segment Analysis - By Application

Based on application, aquaculture segment accounted for the largest segmental revenue of the Fish Oil market in 2020 owing to the rising importance of breeding and regular stocking for enhancing fish production output. In addition, increasing aquaculture production of salmon along with positive industry outlook on aquaculture in China owing to cheap labor and application growth is anticipated to stimulate market growth during the forecast period 2021-2026.
However, the supplements & functional food is poised to hold the highest growth rate with a CAGR of 7.89% over the forecast period 2021-2026. This is owing to the increase in prevalence of chronic diseases in human beings and the role of fish oil in prevention these diseases, this leads to the rising use of fish oil in supplements around the world. 

Global Fish Oil Market Segment Analysis - By Geography

North America is the major region dominating the Fish Oil market with a market share of 42.16% in the year 2020 on account of the understanding of the nutritional advantages of food containing fish oil in the United States. 
However, Asia Pacific is projected to be the significant-growing market during the forecast period 2021-2026 owing to the growing ageing population, coupled with the rising trend in health and knowledge among general consumers, has increased the consumption of dietary supplements, with the omega-3 fish oil market increasing significantly in the region. China is one of the major fishmeal and oil producers in the world. However, to expand its use in the pharmaceutical industry, it focuses primarily on the manufacture of high-quality pharmaceutical grade fish oil. Also, the consumption of nutritional and pharmaceutical grade fish oil has increased significantly in Japan due to growing health concerns among the geriatric population of the world.

Global Fish Oil Market Drivers

Increasing awareness about the health benefits 

The Fish Oil market is poised to receive upswing owing to increasing awareness about the health benefits leads to increase the consumption. The growing aquaculture industry increases fish oil consumption and boosts the worldwide market. Growing numbers of people with cardiovascular and heart disease worldwide are leading to a rise in fish oil consumption and contributing to the global growth of the fish oil industry.

Global Fish Oil Market Challenges

Adverse climatic conditions 

Despite several drivers, adverse climatic conditions largely restrict the growth of the fish oil industry. In the central and eastern central parts of the Pacific, El Nino is an adverse climate phenomenon that occurs and is characterized by ocean water warming and high air pressures. El Nino has resulted in a significant global temperature change and triggers high rainfall and air temperature fluctuations that have a serious effect on agriculture and fishing activities along coastal areas in developing countries.

Global Fish Oil Market Industry Outlook

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Fish Oil Market. In 2020, Fish Oil Market share is fragmented by the top ten players present in the market. Fish Oil Market top 10 companies are Croda Inc., COPEINCA ASA, EPAX AS, Omega Protein, GC Rieber Oils, Colpex, American Marine Ingredients, Corpesca S.A. and others.

Acquisitions/Product Launches

  • In June 2014, Enzymotec Ltd. launched Omega PC, a premium fish oil-based product which is a wild, and cold fish extract consisting of omega 3 fatty acids.
  • In May 2014, American Marine Ingredients introduced distillation method developed by the University of Alaska to produce omega-3 fish oils.
  • In March 2020, GC Reiber Oils announced its collaboration with Barrington Nutritionals over the distribution of GC Reiber Oil’s VivoMega omega-3 fish oil in the US and Mexico.

1. Fish Oil Market Overview
    1.1 Definitions and Scope
2. Fish Oil Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends
    2.2 Key trends by Source
    2.3 Key trends by Application
    2.4 Key trends by Geography
3. Fish Oil Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Patent Analysis
    3.4 Pricing Analysis- Average price
4. Fish Oil Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Fish Oil Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Fish Oil Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Fish Oil Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Fish Oil Market – By Source 
    8.1 Anchovy
    8.2 Cod
    8.3 Herring
    8.4 Menhaden
    8.5 Mackerel
    8.6 Sardines
    8.7 Others
9. Fish Oil Market – By Form 
    9.1 Soft-Gels
    9.2 Liquid
10. Fish Oil Market – By Application 
    10.1 Aquaculture
        10.1.1 Salmon & Trout
        10.1.2 Marine fish
        10.1.3 Crustaceans
        10.1.4 Tilapias
        10.1.5 Eles
        10.1.6 Cyprinids
        10.1.7 Others
    10.2 Animal Nutrition & Pet food
    10.3 Pharmaceuticals
    10.4 Supplements & Functional food
    10.5 Others 
11. Fish Oil Market - By Geography 
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K.
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific
    11.4 Rest of the World
        11.4.1 Middle East
        11.4.2 Africa
        11.4.3 South America
12. Fish Oil Market - Entropy
13. Fish Oil Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Best Practices for Companies
14. Fish Oil Market – Key Company List by Country Premium Premium
15. Fish Oil Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Fish Oil Application Analysis Market 2019-2024 ($M)
1.1 fish oil market:application overview Market 2019-2024 ($M) - Global Industry Research
2.Global Fish Oil Application Analysis Market 2019-2024 (Volume/Units)
2.1 fish oil market:application overview Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Fish Oil Application Analysis Market 2019-2024 ($M)
3.1 fish oil market:application overview Market 2019-2024 ($M) - Regional Industry Research
4.South America Fish Oil Application Analysis Market 2019-2024 ($M)
4.1 fish oil market:application overview Market 2019-2024 ($M) - Regional Industry Research
5.Europe Fish Oil Application Analysis Market 2019-2024 ($M)
5.1 fish oil market:application overview Market 2019-2024 ($M) - Regional Industry Research
6.APAC Fish Oil Application Analysis Market 2019-2024 ($M)
6.1 fish oil market:application overview Market 2019-2024 ($M) - Regional Industry Research
7.MENA Fish Oil Application Analysis Market 2019-2024 ($M)
7.1 fish oil market:application overview Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Global Fish Oil Market Revenue, 2019-2024 ($M)
2.Canada Global Fish Oil Market Revenue, 2019-2024 ($M)
3.Mexico Global Fish Oil Market Revenue, 2019-2024 ($M)
4.Brazil Global Fish Oil Market Revenue, 2019-2024 ($M)
5.Argentina Global Fish Oil Market Revenue, 2019-2024 ($M)
6.Peru Global Fish Oil Market Revenue, 2019-2024 ($M)
7.Colombia Global Fish Oil Market Revenue, 2019-2024 ($M)
8.Chile Global Fish Oil Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Fish Oil Market Revenue, 2019-2024 ($M)
10.UK Global Fish Oil Market Revenue, 2019-2024 ($M)
11.Germany Global Fish Oil Market Revenue, 2019-2024 ($M)
12.France Global Fish Oil Market Revenue, 2019-2024 ($M)
13.Italy Global Fish Oil Market Revenue, 2019-2024 ($M)
14.Spain Global Fish Oil Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Fish Oil Market Revenue, 2019-2024 ($M)
16.China Global Fish Oil Market Revenue, 2019-2024 ($M)
17.India Global Fish Oil Market Revenue, 2019-2024 ($M)
18.Japan Global Fish Oil Market Revenue, 2019-2024 ($M)
19.South Korea Global Fish Oil Market Revenue, 2019-2024 ($M)
20.South Africa Global Fish Oil Market Revenue, 2019-2024 ($M)
21.North America Global Fish Oil By Application
22.South America Global Fish Oil By Application
23.Europe Global Fish Oil By Application
24.APAC Global Fish Oil By Application
25.MENA Global Fish Oil By Application
26.Croda Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Omega Protein, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.EPAX AS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.COPEINCA ASA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.FF Skagen A/S, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Corpesca S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Colpex, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Nutrifynn Caps, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.American Marine Ingredients, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Marvesa Holding N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.GC Rieber Oils, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Pesquera Diamante S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)