Fish Oil Market, Size, Share, Growth, Trends, Insight and Industry Forecast, 2021-2028

SKU: DMFB3635 | Last Updated On: Aug 26 2021 | No. of Pages: 180 | Available Formats

> Global Fish Oil Market Expected to reach a high CAGR By 2028: DataM Intelligence

Global Fish Oil Market is segmented By Source (Anchovy, Cod, Herring, Menhaden, Mackerel, Sardine, Others), By Application (Supplements & Functional food, Aquaculture, Animal Nutrition & Pet Food, Pharmaceuticals, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028

Market Overview

Fish oil is the oil extracted from the tissues of oily fish. Fish oils consist of the omega-3 fatty acids eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), precursors of certain eicosanoids that are known to decrease inflammation in the body and enhance hypertriglyceridemia. There is also promising evidence that supports the supplementation of fish oil for the prevention of cardiac death. Fish oil is frequently marketed and sold for consumption as part of the diet or in dietary supplements in various countries. Fish oil is also applied in external use, as emollients, or as general ointments as well as in body art, or for insulation against cold temperatures. At present, the most generally available dietary source of EPA and DHA is cold-water oily fish, for example, salmon, herring, mackerel, anchovies, and sardines. Oils extracted from these fish have an amount of around seven times as much omega-3 oils compared to other fishes. Even if, fish is one of the main dietary sources of omega-3 oils, fish do not synthesize them; they get them from the algae or plankton in their diets. The global fish oil market valued USD XX million in 2020 and is estimated to reach USD XX million by 2028, growing at a CAGR of XX%

Source: DataM Intelligence Analysis (2021)

Market Dynamics

Growing health awareness and increasing geriatric population is driving the fish oil market

The growing use of fish oil as animal feed in aquaculture production is driving the growth of the fish oil market. The growth in aquaculture production has led to an increase in the use of both the fish oil and the meal derived as a consequence of seafood production and processing. Fish oil is used widely in aquaculture diets for all species because its specific fatty acids are not available in other fats and oils. It is similarly a general ingredient in companion animal diets, mainly for the feline species. Furthermore, advancement in technology development has guaranteed that aquaculture remains sustainable and has negligible environmental impacts. Additionally, developments of various systems such as on-land recirculating aquaculture systems, aquaponic systems, offshore systems and the use of IoT and big data have boosted the aquaculture industry globally. All these factors have increased the production of fish drastically, increasing the demand for fish oil significantly.

Growing awareness of the positive effect of fish oil consumption, increasing prevalence of chronic diseases & geriatric population and effective product introduction is driving the growth of the fish oil market. Krill oil is considered a more effective health supplement compared to other fish oil when taken in capsule form or used to improve certain food nutrient capability, as it binds itself to phospholipids when consumed and is therefore easily absorbed by human cells. Additionally, medical experts agree that the common diet in most countries does not provide enough EPA and DHA to ensure good health. And according to GOED (The Global Organization for EPA and DHA Omega-3s), the human body requires omega-3s to function properly, not to mention optimally, in every stage of life, starting long before conception. This requirement of Omega-3, basically among the geriatric population in Japan as well as Western European countries is driving the growth of the market.

But, the high rate of counterfeit products and over-dependence on raw materials is hindering the fish oil market growth.

Market Segmentation

Anchovy market is the dominating source segment, due to growing use in various sectors

In terms of sources, the global fish oil market is dominated by the anchovy segment with market share of XX% in 2020. Anchovy species has some of the highest concentrations of EPA and DHA polyunsaturated fatty acids among any fish species. Even if consumed as whole fish, they are also processed into fish oil for animal feed and capsules purposes, as well as used in aquaculture as fish feed. The various advantages of anchovies such as a good source of omega-3 fatty acids, protein, and important vitamins and minerals in each serving, low mercury concentrations among all fish types etc. make them a safe and nutritious option in terms of health supplementation.

On the basis of application, the global fish oil market is dominated by supplements & functional food with market share of XX% in 2020 due to various health benefits of omega 3, rising R&D initiatives, and increasing healthcare costs. The growing use of dietary health supplements for good health and nutrient adequacy among adults is expected to increase the consumption of omega 3 in dietary supplement products, which in turn increases the growth of the fish oil market.

Geographical Penetration

Asia-Pacific is the largest market in fish oil market.

Asia-Pacific is the largest market for fish oil, with nearly XX% of the global sales revenue in 2020, due to growing demand for health supplements, increasing geriatric population, increasing demand for fish-related food and fish production. The increasing aging population mainly in Japan, along with rising health awareness among the general consumers has increased the consumption of dietary supplements within the region which is driving the market growth. For instance, at present, over 25.9% of the Japanese population is aged more than 65, for which fish oil is widely consumed in Japan as a supplement to avoid cardiovascular diseases. Additionally, China is one of the world’s largest producers of fishmeal and oil; however, it is mainly focusing on increasing its application in the pharmaceutical industry. North America is expected to have a high CAGR of XX% from 2021 to 2028, due to the growing popularity of fish oil as a supplement among consumers, increasing entry of manufacturers and easy availability of fish oil products through online platforms.

 

                 

Source: DataM Intelligence Analysis (2021)

Competitive Landscape

Marketing and promotion is making the market more competitive

The global fish oil market is fragmented and competitive in terms of marketing in online platforms and through merger & acquisition. The leading market players of global fish oil market are Austevoll Seafood ASA, Pesquera Diamante S.A, United Marine Products, Orizon SA, Eskja, Camanchaca, Pesquera Exalmar, COPEINCA, China Fishery Group, OLVEA Fish Oils and others. Companies are focusing towards development of high concentration oils that offer high levels of DHA per unit weight of fish oil

Recent Developments:

  • In October 2017, Fishmeal and oil producer FF Skagen has declared a deal for 100% of the shares in Skagerak Pelagic
  • Companies are now focusing more on online platforms to do their business. For example, Care/of company provides a sort of cafeteria plan for vitamins. Consumers browse their online store and pick and choose what ingredients they want. Or consumers can fill out company’s online survey and let them pick out personalized supplements for consumer.

COVID-19 Impact: Pandemic had a negative impact on global fish oil market

The Covid-19 pandemic has negatively impacted the market of fish oil due to severe supply chain disruption from fisheries to production and supplying to the aquaculture firms. In aquaculture, there is an estimated conclusion that unsold production has resulted in increasing levels of live fish stocks, creating higher costs for feeding as well as risks of fish mortalities. Even if this seems like a positive effect, but due to lockdown restrictions demand for fish oil could not be fulfilled adequately. Additionally, consumer demand for packaged and frozen products increased from the second quarter of 2020 as households looked to pile up on non-perishable food. Also high-value fresh fish and aquatic food demand has decreased as restaurants and hotels have closed, or partially closed, due to COVID-19 which has affected the production of fish oil.

Why Purchase the Report?

  • Understand the current market scenario and viability of global fish oil over the forecast period.
  • Visualize the composition of the global fish oil market in terms of source and application to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Excel data sheet with valuable data points of the global fish oil market – Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

  • Fish Oil manufacturers
  • Aquaculture and livestock firms
  • Feed Manufacturing Companies
  • Industry Investors/Investment Bankers

Table of Contents

  1. Global Fish Oil Market -Scope and Methodology

    1. Research Methodology
    2. Scope of the Market
  2. Global Fish Oil Market -Key Trends and Developments

  3. Global Fish Oil Market – Executive Summary

    1. Market Snippet by Source
    2. Market Snippet by Application
  4. Global Fish Oil Market – Market Dynamics

    1. Market impacting factors
      1. Drivers
        1. Increasing use of dietary supplements
        2. Growing market of aquaculture
      2. Restraints
        1. Threat of counterfeit
      3. Opportunities
    2. Impact analysis
  5. Global Fish Oil Market – Industry Analysis

    1. Porter's five forces analysis
    2. Supply chain analysis
    3. Pricing analysis
    4. Patent Analysis
    5. Regulatory Analysis
  6. Global Fish Oil Market – COVID-19 Analysis

    1. Porter's five forces analysis
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
  7. Global Fish Oil Market – By Source

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Source segment
      2. Market attractiveness index, By Source segment
    2. Anchovy*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028    
    3. Cod
    4. Herring
    5. Menhaden
    6. Mackerel
    7. Sardine
    8. Others
  8. Global Fish Oil Market – By Application

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Application Segment
      2. Market attractiveness index, By Application Segment
    2. Supplements & Functional food*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028    
    3. Aquaculture
    4. Animal Nutrition & Pet Food
    5. Pharmaceuticals
    6. Others
  9. Global Fish Oil Market – By Region

    1. Introduction
      1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key region-specific dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Source
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Source
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    4. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Source
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Rest of Europe
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Source
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. New Zealand
        6. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Source
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
  10. Global Fish Oil Market – Competitive Landscape

    1. Competitive scenario
    2. Competitor strategy analysis
    3. Market positioning/share analysis
    4. Mergers and acquisitions analysis
  11. Global Fish Oil Market – Company Profiles

    1. Austevoll Seafood ASA*              
      1. Company Overview
      2. Type Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Pesquera Diamante S.A
    3. United Marine Products
    4. Orizon SA
    5. Eskja
    6. Camanchaca
    7. Pesquera Exalmar
    8. Copeinca
    9. China Fishery Group
    10. OLVEA Fish Oils(*List not Exhaustive*)
  12. Global Fish Oil Market – Premium Insights

  13. Global Fish Oil Market – DataM

    1. Appendix
    2. About us and services
    3. Contact us

List of Tables & Figures

List of Tables

Table 1        Global Fish Oil Market Value, By Source, 2020, 2024 & 2028 ($ Million)

Table 2        Global Fish Oil Market Value, By Application, 2020, 2024 & 2028 ($ Million)

Table 3        Global Fish Oil Market Value, By Region, 2020, 2024 & 2028 ($ Million)

Table 4        Global Fish Oil Market Value, By Source, 2020, 2024 & 2028 ($ Million)

Table 5        Global Fish Oil Market Value, By Source, 2019-2028 ($ Million)

Table 6        Global Fish Oil Market Value, By Application, 2020, 2024 & 2028 ($ Million)

Table 7        Global Fish Oil Market Value, By Application, 2019-2028 ($ Million)

Table 8        Global Fish Oil Market Value, By Region, 2020, 2024 & 2028 ($ Million)

Table 9        Global Fish Oil Market Value, By Region, 2019-2028 ($ Million)

Table 10      North America Fish Oil Market Value, By Source, 2019-2028 ($ Million)

Table 11       North America Fish Oil Market Value, By Application, 2019-2028 ($ Million)

Table 12      North America Fish Oil Market Value, By Country, 2019-2028 ($ Million)

Table 13      South America Fish Oil Market Value, By Source, 2019-2028 ($ Million)

Table 14      South America Fish Oil Market Value, By Application, 2019-2028 ($ Million)

Table 15      South America Fish Oil Market Value, By Country, 2019-2028 ($ Million)

Table 16      Europe Fish Oil Market Value, By Source, 2019-2028 ($ Million)

Table 17      Europe Fish Oil Market Value, By Application, 2019-2028 ($ Million)

Table 18      Europe Fish Oil Market Value, By Country, 2019-2028 ($ Million)

Table 19      Asia-Pacific Fish Oil Market Value, By Source, 2019-2028 ($ Million)

Table 20      Asia-Pacific Fish Oil Market Value, By Application, 2019-2028 ($ Million)

Table 21      Asia-Pacific Fish Oil Market Value, By Country, 2019-2028 ($ Million)

Table 22      Middle East & Africa Fish Oil Market Value, By Source, 2019-2028 ($ Million)

Table 23      Middle East & Africa Fish Oil Market Value, By Application, 2019-2028 ($ Million)

Table 24      Austevoll Seafood ASA: Overview

Table 25      Austevoll Seafood ASA: Product Portfolio

Table 26      Austevoll Seafood ASA: Key Developments

Table 27      Pesquera Diamante S.A: Overview

Table 28      Pesquera Diamante S.A: Product Portfolio

Table 29      Pesquera Diamante S.A: Key Developments

Table 30      United Marine Products: Overview

Table 31      United Marine Products: Product Portfolio

Table 32      United Marine Products: Key Developments

Table 33      Orizon SA: Overview

Table 34      Orizon SA: Product Portfolio

Table 35      Orizon SA: Key Developments

Table 36      Eskja: Overview

Table 37      Eskja: Product Portfolio

Table 38      Eskja: Key Developments

Table 39      Camanchaca: Overview

Table 40      Camanchaca: Product Portfolio

Table 41      Camanchaca: Key Developments

Table 42      Pesquera Exalmar: Overview

Table 43      Pesquera Exalmar: Product Portfolio

Table 44      Pesquera Exalmar: Key Developments

Table 45      Copeinca: Overview

Table 46      Copeinca: Product Portfolio

Table 47      Copeinca: Key Developments

Table 48      China Fishery Group: Overview

Table 49      China Fishery Group: Product Portfolio

Table 50      China Fishery Group: Key Developments

Table 51      OLVEA Fish Oils: Overview

Table 52      OLVEA Fish Oils: Product Portfolio

Table 53      OLVEA Fish Oils: Key Developments

List of Figures

Figure 1      Global Fish Oil Market Share, By Source, 2020 & 2028 (%)

Figure 2      Global Fish Oil Market Share, By Application, 2020 & 2028 (%)

Figure 3      Global Fish Oil Market Share, By Region, 2020 & 2028 (%)

Figure 4      Global Fish Oil Market Value, 2019-2028 ($ Million)

Figure 5      Global Fish Oil Market Y-o-Y Growth, By Source, 2020-2028 (%)  

Figure 6      Anchovy: Global Fish Oil Market Value, 2019-2028 ($ Million)

Figure 7      Cod: Global Fish Oil Market Value, 2019-2028 ($ Million)

Figure 8     Herring: Global Fish Oil Market Value, 2019-2028 ($ Million)

Figure 9      Menhaden: Global Fish Oil Market Value, 2019-2028 ($ Million)

Figure 10    Mackerel: Global Fish Oil Market Value, 2019-2028 ($ Million)

Figure 11    Sardine: Global Fish Oil Market Value, 2019-2028 ($ Million)

Figure 12    Others: Global Fish Oil Market Value, 2019-2028 ($ Million)

Figure 13    Global Fish Oil Market Y-o-Y Growth, By Application, 2020-2028 (%)

Figure 14    Supplements & Functional food: Global Fish Oil Market Value, 2019-2028 ($ Million)

Figure 15    Aquaculture: Global Fish Oil Market Value, 2019-2028 ($ Million)

Figure 16    Animal Nutrition & Pet Food: Global Fish Oil Market Value, 2019-2028 ($ Million)

Figure 17    Pharmaceuticals: Global Fish Oil Market Value, 2019-2028 ($ Million)

Figure 18    Others: Global Fish Oil Market Value, 2019-2028 ($ Million)

Figure 19    Global Fish Oil Market Y-o-Y Growth, By Region, 2020-2028 (%)

Figure 20   North America Fish Oil Market Value, 2019-2028 ($ Million)

Figure 21    North America Fish Oil Market Share, By Source, 2020 & 2028 (%)

Figure 22   North America Fish Oil Market Share, By Application, 2020 & 2028 (%)

Figure 23   North America Fish Oil Market Share, By Country, 2020 & 2028 (%)

Figure 24   South America Fish Oil Market Value, 2019-2028 ($ Million)

Figure 25   South America Fish Oil Market Share, By Source, 2020 & 2028 (%)

Figure 26   South America Fish Oil Market Share, By Application, 2020 & 2028 (%)

Figure 27    South America Fish Oil Market Share, By Country, 2020 & 2028 (%)

Figure 28   Europe Fish Oil Market Value, 2019-2028 ($ Million)

Figure 29   Europe Fish Oil Market Share, By Source, 2020 & 2028 (%)

Figure 30   Europe Fish Oil Market Share, By Application, 2020 & 2028 (%)

Figure 31    Europe Fish Oil Market Share, By Country, 2020 & 2028 (%)

Figure 32   Asia-Pacific Fish Oil Market Value, 2019-2028 ($ Million)

Figure 33   Asia-Pacific Fish Oil Market Share, By Source, 2020 & 2028 (%)

Figure 34   Asia-Pacific Fish Oil Market Share, By Application, 2020 & 2028 (%)

Figure 35   Asia-Pacific Fish Oil Market Share, By Country, 2020 & 2028 (%)

Figure 36   Middle East & Africa Fish Oil Market Value, 2019-2028 ($ Million)

Figure 37    Middle East & Africa Fish Oil Market Share, By Source, 2020 & 2028 (%)

Figure 38   Middle East & Africa Fish Oil Market Share, By Application, 2020 & 2028 (%)

Figure 39   Austevoll Seafood ASA: Financials

Figure 40   Pesquera Diamante S.A: Financials

Figure 41    United Marine Products: Financials

Figure 42   Orizon SA: Financials

Figure 43   Eskja: Financials

Figure 44   Camanchaca: Financials

Figure 45   Pesquera Exalmar: Financials

Figure 46   Copeinca: Financials

Figure 47    China Fishery Group: Financials

Figure 48   OLVEA Fish Oils: Financials

 

 

 

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AfrikaansAlbanianAmharicArabicArmenianAzerbaijaniBasqueBelarusianBengaliBosnianBulgarianCatalanCebuanoChichewaChinese (Simplified)Chinese (Traditional)CorsicanCroatianCzechDanishDutchEnglishEsperantoEstonianFilipinoFinnishFrenchFrisianGalicianGeorgianGermanGreekGujaratiHaitian CreoleHausaHawaiianHebrewHindiHmongHungarianIcelandicIgboIndonesianIrishItalianJapaneseJavaneseKannadaKazakhKhmerKoreanKurdishKyrgyzLaoLatinLatvianLithuanianLuxembourgishMacedonianMalagasyMalayMalayalamMalteseMaoriMarathiMongolianMyanmar (Burmese)NepaliNorwegianPashtoPersianPolishPortuguesePunjabiRomanianRussianSamoanScots GaelicSerbianSesothoShonaSindhiSinhalaSlovakSlovenianSomaliSpanishSundaneseSwahiliSwedishTajikTamilTeluguThaiTurkishUkrainianUrduUzbekVietnameseWelshXhosaYiddishYorubaZulu  

 

 

 

 

 

 

 

 

 

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