Market by Spices, Application, and Country | Forecast 2021-2028
The Asia-Pacific fish oil market is expected to progress at a CAGR of 4.90% in terms of revenue over the estimated period from 2021 to 2028. It is also estimated to grow with a CAGR of 2.63% in terms of volume in the same period.
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The countries studied
in this market include:
• China
• Japan
• India
• South Korea
• ASEAN countries
• Australia & New Zealand
• Rest of APAC countries
Though China does not
produce fish oil on a large scale, it imports various grades of crude fish oil
from Peru, Vietnam, and Chile. This fish oil is then processed further for use
in several applications for human and animal consumption. Post processing the
oil, China exports it to other countries in the Asia-Pacific region, as well as
those in Europe and North America. China has a large aquaculture market, with
more than 55% of the global industry based in the country. Owing to this, large
amounts of fish oil are required for making aquafeed. For the last couple of
years, the nation has been a leading importer of Peruvian and Chilean fish oil.
This indicates that the Chinese fish oil market has huge potential for growth
in the coming years.
Japan is among the
leading nations producing fish oil in the Asia-Pacific. It is also the
second-largest fish oil consumer in the region. There is a high consumption of
Omega-3 fish oil, in particular. In the last five years, there has been a
rising health concern among consumers. Owing to this, the market for Omega-3
fatty acids like docosahexaenoic acids (DHA) and eicosapentaenoic acids (EPA)
in the country has grown significantly. Leading pharmaceutical & supplement
manufacturing brands are thus incorporating Omega-3 fish oil in their products.
Therefore, there is a high demand for fish oil in Japan. This is expected to
support its fish oil market growth in the forthcoming period.
Copeinca AS is a
company operating in the fish processing business. It is engaged in producing
fish oil and fishmeal, covering the entire process from harvesting to
distribution. The company procures the anchovy fish, subsequently processing
into fishmeal or fish oil. The company’s products are sold to Thailand, Japan,
China, as well as other countries in Asia.
1. ASIA-PACIFIC
FISH OIL MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. MACKEREL
IS ANTICIPATED TO GROW AT THE HIGHEST CAGR
2.2.2. INCREASING
HEALTH AWARENESS IN CONSUMERS
2.2.3. RISING
DEMAND FOR FISH OIL AMONG SPORTSPERSONS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
MARKET STRATEGIES
2.6.1. ACQUISITIONS
2.6.2. PARTNERSHIP
& AGREEMENTS
2.6.3. BUSINESS
EXPANSION
2.7. MARKET
DRIVERS
2.7.1. SUBSTANTIAL
DEVELOPMENT IN THE AQUACULTURE INDUSTRY
2.7.2. GROWING
DEMAND FOR FISH OIL IN THE AGED
2.7.3. NUTRITIONAL
BENEFITS OFFERED BY FISH OIL
2.8. MARKET
RESTRAINTS
2.8.1. HARSH
WEATHER CONDITIONS
2.8.2. DEARTH
IN QUANTITY OF FISH OIL
2.8.3. STRICT
GOVERNMENT GUIDELINES
2.9. MARKET
OPPORTUNITIES
2.9.1. INCREASING
DEMAND FROM SUPPLEMENT INDUSTRY
2.10. IMPACT
OF COVID-19 ON FISH OIL INDUSTRY
3. ASIA-PACIFIC
FISH OIL MARKET OUTLOOK – BY SPECIES
3.1. ANCHOVY
3.2. MACKEREL
3.3. SARDINES
3.4. COD
3.5. HERRING
3.6. MENHADEN
3.7. OTHER
SPECIES
4. ASIA-PACIFIC
FISH OIL MARKET OUTLOOK – BY APPLICATION
4.1. AQUACULTURE
4.1.1. SALMON
& TROUT
4.1.2. MARINE
FISH
4.1.3. CRUSTACEANS
4.1.4. TILAPIAS
4.1.5. EELS
4.1.6. CYPRINIDS
4.1.7. OTHER
AQUACULTURE
4.2. ANIMAL
NUTRITION & PET FOOD
4.3. PHARMACEUTICALS
4.4. SUPPLEMENTS
& FUNCTIONAL FOOD
4.5. OTHER
APPLICATIONS
5. ASIA-PACIFIC
FISH OIL MARKET – REGIONAL OUTLOOK
5.1. CHINA
5.2. JAPAN
5.3. INDIA
5.4. SOUTH
KOREA
5.5. ASEAN
COUNTRIES
5.6. AUSTRALIA
& NEW ZEALAND
5.7. REST
OF ASIA-PACIFIC
6. COMPETITIVE
LANDSCAPE
6.1. OMEGA
PROTEIN CORPORATION
6.2. FMC
CORPORATION
6.3. COPEINCA
AS
6.4. CORPESCA
SA
6.5. COLPEX
INTERNATIONAL
6.6. TRIPLENINE
GROUP A/S
6.7. FF
SKAGEN A/S
6.8. MARVESA
HOLDINGS NV
6.9. PESQUERA
DIAMANTE SA
6.10. PESQUERA
EXALMAR
6.11. ROYAL
DSM NV
6.12. CRODA
INTERNATIONAL PLC
6.13. BASF
SE
6.14. GC
REIBER VIVOMEGA OILS
6.15. LYSI
HF
7. METHODOLOGY
& SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: MARKET
ATTRACTIVENESS INDEX
TABLE 2: VENDOR
SCORECARD
TABLE 3: ASIA-PACIFIC
FISH OIL MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC
FISH OIL MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)
TABLE 5: ASIA-PACIFIC
FISH OIL MARKET, BY SPECIES, 2021-2028 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC
FISH OIL MARKET, BY SPECIES, 2021-2028 (IN KILOTON)
TABLE 7: ASIA-PACIFIC
FISH OIL MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC
FISH OIL MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)
TABLE 9: ASIA-PACIFIC
FISH OIL MARKET, BY AQUACULTURE, 2021-2028 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC
FISH OIL MARKET, BY AQUACULTURE, 2021-2028 (IN KILOTON)
FIGURE 1: PORTER’S FIVE
FORCES ANALYSIS
FIGURE 2: ASIA-PACIFIC
FISH OIL MARKET, BY ANCHOVY, 2021-2028 (IN $ MILLION)
FIGURE 3: ASIA-PACIFIC
FISH OIL MARKET, BY MACKEREL, 2021-2028 (IN $ MILLION)
FIGURE 4: ASIA-PACIFIC
FISH OIL MARKET, BY SARDINES, 2021-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC
FISH OIL MARKET, BY COD, 2021-2028 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC
FISH OIL MARKET, BY HERRING, 2021-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC
FISH OIL MARKET, BY MENHADEN, 2021-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC
FISH OIL MARKET, BY OTHER SPECIES, 2021-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC
FISH OIL MARKET, BY AQUACULTURE, 2021-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC
FISH OIL MARKET, BY SALMON & TROUT, 2021-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC
FISH OIL MARKET, BY MARINE FISH, 2021-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC
FISH OIL MARKET, BY CRUSTACEANS, 2021-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC
FISH OIL MARKET, BY TILAPIAS, 2021-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC
FISH OIL MARKET, BY EELS, 2021-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC
FISH OIL MARKET, BY CYPRINIDS, 2021-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC
FISH OIL MARKET, BY OTHER AQUACULTURE, 2021-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC
FISH OIL MARKET, BY ANIMAL NUTRITION & PET FOOD, 2021-2028 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC
FISH OIL MARKET, BY PHARMACEUTICALS, 2021-2028 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC
FISH OIL MARKET, BY SUPPLEMENTS & FUNCTIONAL FOOD, 2021-2028 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC
FISH OIL MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC
FISH OIL MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 22: CHINA FISH
OIL MARKET, 2021-2028 (IN $ MILLION)
FIGURE 23: JAPAN FISH
OIL MARKET, 2021-2028 (IN $ MILLION)
FIGURE 24: INDIA FISH
OIL MARKET, 2021-2028 (IN $ MILLION)
FIGURE 25: SOUTH KOREA
FISH OIL MARKET, 2021-2028 (IN $ MILLION)
FIGURE 26: ASEAN
COUNTRIES FISH OIL MARKET, 2021-2028 (IN $ MILLION)
FIGURE 27: AUSTRALIA
& NEW ZEALAND FISH OIL MARKET, 2021-2028 (IN $ MILLION)
FIGURE 28: REST OF
ASIA-PACIFIC FISH OIL MARKET, 2021-2028 (IN $ MILLION)