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Fish Oil Market Is Booming Industry Size, Growth Rate, Business Module, Regional Analysis and Revenue Expansions by 2032 | FMI
According to a recent report by Future Market Insights, a market research and competitive intelligence provider, global fish oil market size was valued at USD 12.3 Bn in 2022 and is estimated to reach USD 23.8 Bn by 2032 with a CAGR of 6.8% from 2022 to 2032.
As health supplements grow more popular, top fish oil companies are focusing on delivering omega fish oil/omega-3 supplements in the global market. As a result of the high level of competitiveness, manufacturers are adding more nutrients to their products.
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Because of the increased demand for fish oil from the pharmaceutical industry, prominent fish oil producers are focusing on developing new products for the global market.
Omega-3 fatty acids are required in large proportions in aquaculture, animal nutrition and pet feed, supplements and functional food, medications, and other industries. Furthermore, fish oil helps the neurological system work properly and enhances the cardiovascular system.
As doctors and the general public become more aware of the importance of omega-3 fatty acids, fish oil consumption has increased substantially. As a result, companies are developing nutraceutical products with enriched EPA and DHA. The increased need for EPA and DHA in human nutrition has had an impact on the global fish oil market.
Key Takeaways from Market Study
• With a market share of 32.1 percent in 2021, North America will continue to dominate the worldwide market.
• China’s market is projected to be strengthened by the ingredient’s potential for sports nutrition, as well as expanding chances for highly personalised nutrition.
• Australia currently controls 73.4 percent of the Oceania market and is expected to increase at an annual rate of 8.7% in the next years.
• India is one of the fastest-growing economies in South Asia, and fish oil is in high demand.
• In 2021, India’s fish oil demand is expected to be worth USD 37.7 million.
• In 2021, sales of pharmaceutical-grade fish oil are estimated to account for more than 48% of total sales.
• Fish liver oil sales are increasing as a result of the increased demand for sardine oil in animal feed.
• Germany held a 24.2 percent market share in Europe in 2021
“Due to consumers’ hectic lifestyles and increased taste, ingredients, and flavour, the Fish Oil sector is on the rise. Increased product awareness, as well as industry-wide research and development, are critical elements in market expansion.”, –says Nandini Roy Choudhury, Client Partner at Future Market Insights
Competitive Landscape
The fish oil industry is slightly fragmented, varied, and competitive, with a number of small and mid-sized businesses actively engaged in product development and research. Every region has seen the growth of subsidiaries, commercial divisions, and research institutes supported by major participants in the fishmeal and fish oil sector.
Some of the leading companies offering Fish Oil are Omega Protein Corporation, FF Skagen A/S, Pesquera Diamante S.A., Copeinca AS, Marvesa Holding N.V., Pesquera Exalmar, Corpesca S.A., Colpex International, FMC Corporation, TripleNine Group A/S.
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Future Market Insights, in its new offering, provides an unbiased analysis of the Fish Oil presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study divulges compelling insights on the Fish Oil based on Product ( Sardine Oil, Squalene Oil, Cod Liver Oil, Krill Oil, Salmon Oil, Tuna Oil, Menhaden Oil ,Anchovy Oil, and Others) , Grade (Food Grade , Pharma Grade and Feed Grade ), Process Type (Modified Fish Oil, Refined Fish Oil, and Crude Fish Oi), End User(Aqua feed ( Cyprinids, Marine fish, Salmon & Trout, Crustaceans, Eels, Tilapias), Food & Beverages, Dietary Supplements, Cosmetic & Beauty Product), Distribution Channel – B2B ( Manufacturers and Distributors), B2C ( Modern trade (hypermarkets & supermarkets), Convenience stores, grocery stores, medical stores, discount stores), E- commerce/ online stores, and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
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Infant Nutritional Premix Market Notable Developments, Potential Players and Worldwide Opportunities 2032
According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of Infant Nutritional Premix are estimated to reach a value of USD 370 billion by 2032, surging at 4.0 % CAGR through the decade.
The infant nutritional premix demand is predicted to rise significantly over the forecast period. The rapid migration of working women into metropolitan areas has resulted in an increased need for quick and nutritious baby nourishment. Consumer understanding of infant food’s potential health benefits has prompted them to regard it as a viable alternative to nursing.
To support good postnatal growth and to reduce newborn morbidity and death, infants require an appropriate vitamin and mineral intake. As a result, babies are provided a high-nutrient food premix to suit their nutritional requirements. Infant nutrition is a broad term that refers to a variety of infant nutrition products for babies and infants.
Newborn nutritional premixes made with organic foods, probiotics, vitamins, and amino acids are becoming increasingly commonly utilised around the world as awareness of their benefits grows.
Increased demand for purified protein-based newborn nutritional premixes, increased investment by key players to create high-quality infant nutritional premixes, and increased innovation in infant nutritional premixes are likely to propel the Infant Nutritional Premix Market over the projection period.
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Key Takeaways from Market Study
• Because of the existence of key market players and a high consumption rate, the United States will control over 36% of the global market throughout the projection period.
• Vitamin-based infant nutrition premix contributed for roughly a third of the entire market share in 2021, and it is predicted to expand at a rate of more than 5% over the following ten years.
• The growing desire for homemade, fresh, organic baby food, are driving the market for infant nutritional premixes in China.
• Market players are experimenting with new ways to handle, package, and technical development.
“ Leading organisations around the world are focusing on customising vitamin and mineral premixes, which is propelling the market of Infant Nutritional Premix even further”.- says Nandini Roy Choudhury, Client Partner at Future Market Insights
Competitive Landscape
Infant Nutritional Premix have a strongly competitive global market. Leading companies are experimenting with new marketing approaches, opening new retail locations, technological advancements, and mergers and acquisitions.
Some of the leading companies offering Infant Nutritional Premix are Koninklijke DSM N.V, Hexagon Nutrition Pvt. Ltd., Vaneeghan International B.V, SternVitamin GmbH & Co. AG, BASF SE , Lycored Limited, Watson Inc., Fenchem Biotek Limited, Farbest Brands, Glanbia Plc., Jubilant Life Sciences, Prinova Group LLC, Barentz International B.V, Vitablend Nederland B.V, ADM.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the Infant Nutritional Premix presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study divulges compelling insights on the Infant Nutritional Premix based on Form (Powder, Liquid), Ingredient (Nucleotides, Vitamins, Minerals, Amino Acids), Function (Immunity,Bone Health, Digestion, Vision Health, Brain Health & Memory) ,Distribution Channel ( Pharmacy Stores, Supermarkets, Specialty Outlets , , Online channel), and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
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