Fish Oil Market by Source Species and Application - Global Industry Analysis and Forecast to 2025

2018-05-30 / 3800.00 / Food / 77 Pages

Description

Industry Trend Analysis

The global fish oil market was valued around USD 3.06 billion in 2016 and is expected to reach roughly USD 4.90 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 5.39% during the forecast period, due to growing aquaculture activities. Increasing customer awareness about health benefits of omega 3 is projected to drive fish oil demand during the forecast years. Rising demand for hydrogenated vegetable margarine and oils on account of altering eating habits is likely to reproduce industry growth. Additionally, rising product utilization in lubricants and defensive coatings is anticipated to boost growth. Consumption of EPA/DHA aids in cutting down bad cholesterol, blood pressure, and coronary heart problems involving strokes, which is likely to propel market growth. Escalating occurrence of heart diseases amongst people owing to unhealthy routine will encourage demand over the forecast years. Moreover, growing use of fish oil as an essential ingredient in beauty products, as creams and in all-purpose ointments is anticipated to encourage market growth. Increasing aquaculture activities, mostly in India and China, due to favorable weather conditions and plentiful availability of agricultural land is likely to boost demand for feeds containing fish oil. Growing consumption of omega-3 due to its several health benefits is predicted to stimulate the growth of the global market. However, elevated cost of the product together with a huge demand-supply gap is likely to restrain the growth of the global market over the next few years.

Market Opportunities and Trend Analysis

Escalating health approvals by different agencies involving The American Dietetic Association, EU, EFSA (European Food Safety Authority), and The Food and Drug Administration (FDA) alongside regulatory support to encourage fishing business is expected impact the global market positively. Growing R&D funding along with technological advancements to use the component in the medical sector will open new market avenues in the near future.

Application outlook and Trend Analysis

In 2014, aquaculture was the major segment evaluated at USD 1.97 billion and is anticipated to demonstrate substantial growth during the forecast years as a result of increasing significance of reproduction and regular stockpiling for improving fish production. Additionally, growing production of salmon along with positive market view on China’s aquaculture due to inexpensive labor as well as application expansion is likely to fuel market growth. Trout & salmon described for 57.7% of the international aquaculture market share in the year 2014 and will experience growth in illumination of the healthy farming land of salmon fish in Chile and Norway. Rising significance of salmon fish for human consumption owing to strengthening heart & muscle and enhancing metabolism purposes is anticipated to propel aqua-feed demand comprising fish oil in the coming years. Demand for human consumption is likely to witness rapid expansion as a result of rising consumption of functional foods and supplements. Increasing customer awareness concerning the elevated protein content as well as health benefits like dropping levels of cholesterol is projected to fuel the growth of the global fish oil market.

Regional outlook and Trend Analysis

In 2014, European fish oil industry was esteemed at USD 690 million. This region is likely to experience growth owing to expanding aquaculture activities in UK and Norway. Moreover, in 2014, the European Commission approved the Strategic Guidelines and Common Fisheries Policy Reform, which is likely to encourage aquaculture segment in the European region. North American region reported for around 7.5% share of the overall market volume and is forecasted to experience prominent growth over next few years due to rising awareness of dietary benefits of foods that contain fish oil in the United States, However, elevated red meat consumption in the United States and Mexico because of their high content of protein is likely to hamper the growth of the industry over the following years. Asia Pacific region is estimated to witness extensive augment at a compound annual growth rate of 2.4%, concerning volume, as a result of increasing aquaculture segment primarily in India, China, Bangladesh, Thailand, and Indonesia. Furthermore, increasing awareness towards healthy and nutritional diet in developing countries like India and China is likely to boost demand for nutritional supplements and consequently the global fish oil market.

Competitive outlook and Trend Analysis

The market is fairly saturated with key market players involved in constant product improvement and R&D. The Key industry players are; COPEINCA ASA, Croda Inc., EPAX AS, GC Rieber Oils, Omega Protein, Corpesca S.A, American Marine Ingredients and Colpex International. In May 2014, American Marine Ingredients launched distillation method formulated for the production of omega-3 fish oils by the University of Alaska. Following to that, Enzymotec Ltd. introduced finest fish oil based produce, Omega PC. It is a wild and frozen fish extract comprising omega 3 fatty acids.

The fish oil market is segmented as follows –

By Source Species


Anchovy
Mackerel
Sardines
Cod
Herring
Menhaden
Other Source Species


By Application


Aquaculture


Salmon & Trout
Marine fish
Crustaceans
Tilapias
Eles
Cyprinids
Other Aquaculture


Animal Nutrition & Pet food
Pharmaceuticals
Supplements & Functional food
Other Application


By Region


North America



U.S
Canada
Mexico



Europe



Germany
France
UK
Italy
Spain
Rest of Europe



Asia-Pacific



Japan
China
Australia
India
South Korea
Rest of Asia Pacific



Rest of the World



Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others


Some of the key questions answered by the report are:


What was the market size in 2016 and forecast from 2017 to 2025`
What will be the industry market growth from 2017 to 2025`
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast`
What are the major segments leading the market growth and why`
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition`

Table of Content

Table of Contents
1.Introduction
1.1.Report Description
1.2.Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2.Executive Summary
2.1.Key Highlights
3.Market Overview
3.1.Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2.Market Share Analysis
3.3.Market Dynamics
3.3.1. Drivers
3.3.1.1.Substantial development of aquaculture Industry
3.3.1.2.Increasing demand for nutraceuticals
3.3.1.3.Rising health awarness
3.3.2. Restraints
3.3.2.1.Stringent government regulation
3.3.2.2.Increasing fish oil prices
3.3.3. Opportunities
3.3.3.1.Technological advancement in Production from by-products
3.4.Industry Trends
4.Fish Oil Market, By Source Species
4.1.Introduction
4.2.Fish Oil Market Assessment and Forecast, By Source Species, 2016-2025
4.3.Anchovy
4.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.4.Mackerel
4.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.5.Sardines
4.5.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.6.Cod
4.6.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.7.Herring
4.7.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.8.Menhaden
4.8.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.9.Other Source Species
4.9.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.Fish Oil Market, By Application
5.1.Introduction
5.2.Fish Oil Market Assessment and Forecast, By Application, 2016-2025
5.3.Aquaculture
5.3.1.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
5.3.1.2.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.3.1.3.Salmon & Trout
5.3.1.3.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.3.1.4.Marine fish
5.3.1.4.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.3.1.5.Crustaceans
5.3.1.5.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.3.1.6.Tilapias
5.3.1.6.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.3.1.7.Eles
5.3.1.7.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.3.1.8.Cyprinids
5.3.1.8.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.3.1.9.Other Aquaculture
5.3.1.9.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.4.Animal Nutrition & Pet food
5.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.5.Pharmaceuticals
5.5.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.6.Supplements & Functional food
5.6.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.7.Other Applications
5.7.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
6.Fish Oil Market, By Region
6.1.Introduction
6.2.Fish Oil Market Assessment and Forecast, By Region, 2016-2025 ($Million)
6.3.North America
6.3.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)
6.3.2. Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.3.3. Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.3.3.1.U.S.
6.3.3.1.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.3.3.1.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.3.3.2.Canada
6.3.3.2.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.3.3.2.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.3.3.3.Mexico
6.3.3.3.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.3.3.3.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.4.Europe
6.4.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)
6.4.2. Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.4.3. Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.4.3.1.Germany
6.4.3.1.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.4.3.1.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.4.3.2.France
6.4.3.2.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.4.3.2.2.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.4.3.3.UK
6.4.3.3.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.4.3.3.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.4.3.4.Italy
6.4.3.4.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.4.3.4.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.4.3.5.Spain
6.4.3.5.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.4.3.5.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.4.3.6.Russia
6.4.3.6.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.4.3.6.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.4.3.7.Rest of Europe
6.4.3.7.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.4.3.7.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.5.Asia-Pacific
6.5.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)
6.5.2. Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.5.3. Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.5.3.1.Japan
6.5.3.1.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.5.3.1.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.5.3.2.China
6.5.3.2.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.5.3.2.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.5.3.3.Australia
6.5.3.3.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.5.3.3.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.5.3.4.India
6.5.3.4.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.5.3.4.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.5.3.5.South Korea
6.5.3.5.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.5.3.5.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.5.3.6.Taiwan
6.5.3.6.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.5.3.6.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.5.3.7.Rest of Asia-Pacific
6.5.3.7.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.5.3.7.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.6.Rest of the World
6.6.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)
6.6.2. Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.6.3. Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.6.3.1.Brazil
6.6.3.1.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.6.3.1.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.6.3.2.Turkey
6.6.3.2.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.6.3.2.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.6.3.3.Saudi Arabia
6.6.3.3.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.6.3.3.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.6.3.4.South Africa
6.6.3.4.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.6.3.4.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.6.3.5.United Arab Emirates
6.6.3.5.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.6.3.5.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
6.6.3.6.Others
6.6.3.6.1.Market Assessment and Forecast, By Source Species, 2016-2025 ($Million)
6.6.3.6.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)
7.Company Profiles
7.1.Croda International Plc.
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Key Financials
7.1.4. Strategic Developments
7.2.FMC Corporation
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Key Financials
7.2.4. Strategic Developments
7.3.American Marine Ingredients
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Strategic Developments
7.4.FF Skagen A/S
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.5.GC Rieber Oils
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Key Financials
7.5.4. Strategic Developments
7.6.Copeinca ASA
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.7.Marvesa Holding N.V.
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Key Financials
7.7.4. Strategic Developments
7.8.Nutrifynn Caps, Inc.
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Strategic Developments
7.9.Omega Protein Corporation
7.9.1. Business Overview
7.9.2. Product Portfolio
7.9.3. Key Financials
7.9.4. Strategic Developments
7.10.Pesquera Diamante S.A.
7.10.1.Business Overview
7.10.2.Product Portfolio
7.10.3.Strategic Developments
7.11.TripleNine Group A/S
7.11.1.Business Overview
7.11.2.Product Portfolio
7.11.3.Strategic Developments
7.12.TASA
7.12.1.Business Overview
7.12.2.Product Portfolio
7.12.3.Strategic Developments


Table of Figures

Table 1.Fish Oil Market, By Source Species ($Million), 2016-2025
Table 2.Anchovy Market, By Region ($Million), 2016-2025
Table 3.Mackerel Market, By Region ($Million), 2016-2025
Table 4.Sardines Market, By Region ($Million), 2016-2025
Table 5.Cod Market, By Region ($Million), 2016-2025
Table 6.Herring Market, By Region ($Million), 2016-2025
Table 7.Menhaden Market, By Region ($Million), 2016-2025
Table 8.Other Source Species Market, By Region ($Million), 2016-2025
Table 9.ish Oil Market, By Application ($Million), 2016-2025
Table 10.Aquaculture Market, By Region ($Million), 2016-2025
Table 11.Salmon & Trout Market, By Region ($Million), 2016-2025
Table 12.Marine fish Market, By Region ($Million), 2016-2025
Table 13.Crustaceans Market, By Region ($Million), 2016-2025
Table 14.Tilapias Market, By Region ($Million), 2016-2025
Table 15.Eles Market, By Region ($Million), 2016-2025
Table 16.Cyprinids Market, By Region ($Million), 2016-2025
Table 17.Other Aquaculture Market, By Region ($Million), 2016-2025
Table 18.Animal Nutrition & Pet food Market, By Region ($Million), 2016-2025
Table 19.Pharmaceuticals Market, By Region ($Million), 2016-2025
Table 20.Supplements & Functional food Market, By Region ($Million), 2016-2025
Table 21.Other Applications Market, By Region ($Million), 2016-2025
Table 22.Fish Oil Market, By Region ($Million), 2016-2025
Table 23.North America Fish Oil Market, By Country, 2016-2025 ($Million)
Table 24.North America Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 25.North America Fish Oil Market, By Application, 2016-2025 ($Million)
Table 26.U.S. Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 27.U.S. Fish Oil Market, By Application, 2016-2025 ($Million)
Table 28.Canada Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 29.Canada Fish Oil Market, By Application, 2016-2025 ($Million)
Table 30.Mexico Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 31.Mexico Fish Oil Market, By Application, 2016-2025 ($Million)
Table 32.Europe Fish Oil Market, By Country, 2016-2025 ($Million)
Table 33.Europe Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 34.Europe Fish Oil Market, By Application, 2016-2025 ($Million)
Table 35.Germany Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 36.Germany Fish Oil Market, By Application, 2016-2025 ($Million)
Table 37.France Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 38.France Fish Oil Market, By Application, 2016-2025 ($Million)
Table 39.UK Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 40.UK Fish Oil Market, By Application, 2016-2025 ($Million)
Table 41.Italy Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 42.Italy Fish Oil Market, By Application, 2016-2025 ($Million)
Table 43.Spain Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 44.Spain Fish Oil Market, By Application, 2016-2025 ($Million)
Table 45.Russia Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 46.Russia Fish Oil Market, By Application, 2016-2025 ($Million)
Table 47.Rest of Europe Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 48.Rest of Europe Fish Oil Market, By Application, 2016-2025 ($Million)
Table 49.Asia-Pacific Fish Oil Market, By Country, 2016-2025 ($Million)
Table 50.Asia-Pacific Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 51.Asia-Pacific Fish Oil Market, By Application, 2016-2025 ($Million)
Table 52.Japan Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 53.Japan Fish Oil Market, By Application, 2016-2025 ($Million)
Table 54.China Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 55.China Fish Oil Market, By Application, 2016-2025 ($Million)
Table 56.Australia Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 57.Australia Fish Oil Market, By Application, 2016-2025 ($Million)
Table 58.India Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 59.India Fish Oil Market, By Application, 2016-2025 ($Million)
Table 60.South Korea Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 61.South Korea Fish Oil Market, By Application, 2016-2025 ($Million)
Table 62.Taiwan Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 63.Taiwan Fish Oil Market, By Application, 2016-2025 ($Million)
Table 64.Rest of Asia-Pacific Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 65.Rest of Asia-Pacific Fish Oil Market, By Application, 2016-2025 ($Million)
Table 66.Rest of the World Fish Oil Market, By Country, 2016-2025 ($Million)
Table 67.Rest of the World Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 68.Rest of the World Fish Oil Market, By Application, 2016-2025 ($Million)
Table 69.Brazil Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 70.Brazil Fish Oil Market, By Application, 2016-2025 ($Million)
Table 71.Turkey Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 72.Turkey Fish Oil Market, By Application, 2016-2025 ($Million)
Table 73.Saudi Arabia Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 74.Saudi Arabia Fish Oil Market, By Application, 2016-2025 ($Million)
Table 75.South Africa Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 76.South Africa Fish Oil Market, By Application, 2016-2025 ($Million)
Table 74.United Arab Emirates Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 75.United Arab Emirates Fish Oil Market, By Application, 2016-2025 ($Million)
Table 76.Others Fish Oil Market, By Source Species, 2016-2025 ($Million)
Table 77.Others Fish Oil Market, By Application, 2016-2025 ($Million)
Table 78.Croda International Plc: Key Strategic Developments, 2015-2017
Table 79.FMC Corporation: Key Strategic Developments, 2015-2017
Table 80.American Marine Ingredients: Key Strategic Developments, 2015-2017
Table 81.FF Skagen A/S: Key Strategic Developments, 2015-2017
Table 82.GC Rieber Oils: Key Strategic Developments, 2015-2017
Table 83.Copeinca ASA: Key Strategic Developments, 2015-2017
Table 84.Marvesa Holding N.V.: Key Strategic Developments, 2015-2017
Table 85.Nutrifynn Caps, Inc.: Key Strategic Developments, 2015-2017
Table 86.Omega Protein Corporation: Key Strategic Developments, 2015-2017
Table 87.Pesquera Diamante S.A.: Key Strategic Developments, 2015-2017
Table 88.TripleNine Group A/S: Key Strategic Developments, 2015-2017
Table 89.TASA: Key Strategic Developments, 2015-2017

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