250 Pages Fish Oil Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Fish Oil. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Fish Oil Market across various industries and regions.
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Latest released report by Fact.MR estimates that the global fish oil market is valued at US$ 2.1 Bn, and is expected to witness a significant growth rate at a CAGR of 5.5% to top a value of US$ 3.6 Bn by 2031.
- For example, Schiff’s omega-03+ multivitamin capsules combine the benefits of fish oil with adjacent health claims to entice customers.
Top fish oil manufacturers are also focusing on introducing new products in the global market owing to increased demand for fish oil from the pharmaceutical industry.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Fish Oil market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Fish Oil
This newly published and insightful report sheds light on Market Insights of Fish Oil, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Fish Oil Market.
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Main Segments Covered in Fish Oil Industry Research
-
By Grade
- Feed Grade Fish Oil
- Food Grade Fish Oil
- Pharma Grade Fish Oil
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By Process
- Crude Fish Oil
- Refined Fish Oil
- Modified Fish Oil
-
By Product
- Salmon Oil
- Tuna Oil
- Cod Liver Oil
- Sardine Oil
- Squalene Oil
- Krill Oil
- Anchovy Oil
- Menhaden Oil
- Others
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By End User
- Aqua-feed
- Crustaceans
- Marine Fish
- Salmon & Trout
- Eels
- Cyprinids
- Tilapias
- Food & Beverages
- Dietary Supplements
- Cosmetic & Beauty Products
- Aqua-feed
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Competition Landscape
Top cod oil retailers are focusing on continuous product launches to reach a large consumer base, while top mackerel oil retailers are focusing on promotional and marketing activities to create awareness about the health benefits of fish oil in the global market.
Appealing to millennials can be a difficult task, since they are the most dispersed target group and respond to marketing messages extremely differently. But manufacturers know that millennials are the biggest social media users and they react the best to Internet marketing. For this target group in the decision-making process, appeal against one-click ordering and possibility of comparing supplements online is key.
- In 2019, BASF Nutrition and health launched an omega-3 solution for the chronic condition of non-alcoholic fatty liver disease.
- In 2020, AlaskaOmega launched omega-3 concentrate powder made from natural fish oil.
Key Takeaways from Market Study
- The U.S. is estimated to account for approximately 85% of the North American market in 2021, supported by high number of health-conscious consumers.
- China is estimated to account for nearly 43.4% of the East Asian market share in 2021, supported by an increase in production of fish oil.
- Germany is dominating the European fish oil space with a market share of 24.2%, supported by rising demand from dietary supplements industry.
- Anchovy oil holds 34.7% of market share on the back of nutritional benefits and various applications.
- Business to business (manufacturers and distributors) reflect around 46.1% market share owing to high demand from the processed food and foodservice industry.
“Manufacturers are focusing on product launches to cater to emerging demand for omega-3 fish oil. They are investing substantially in promotional and marketing activities to increase awareness about the product’s benefits to gain a competitive edge in the worldwide market,” said a lead analyst at Fact.MR.
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Key Question answered in the survey of Fish Oil market report:
- Sales and Demand of Fish Oil
- Growth of Fish Oil Market
- Market Analysis of Fish Oil
- Market Insights of Fish Oil
- Key Drivers Impacting the Fish Oil market
- Which are the Key drivers impacted by Fish Oil market
- Restraints Shaping Market Growth
- Market Survey of Fish Oil
More Valuable Insights on Fish Oil Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Fish Oil, Sales and Demand of Fish Oil, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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