Market by Spices, Application, and Country | Forecast 2021-2028
As per Triton's research report, the Middle East and Africa’s fish oil market would surge with a CAGR of 6.20% by revenue and 3.91% by volume in the forecasting years between 2021 and 2028.
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The countries scrutinized in
this market are:
• United Arab Emirates
• Turkey
• Saudi Arabia
• South Africa
• Rest of MEA countries
The United Arab Emirates is
the highest fish consumer among all GCC nations. The growing population,
primarily comprising the protein-preferring youth and expats, is primarily
driving the market growth. According to statistics by FAO, tuna fish production
amounted to 19,700 tons in 2018, and has increased considerably since. This
shows that there is a high demand for fish and fish products in the country. In
order to meet this growing consumer demand, aquaculture production in the UAE
is expected to grow. This, in turn, is expected to fuel the fish oil market
growth during the forecast period. Further, the Government of the UAE believes
that aquaculture development fish exports aid the economy. These factors are
fueling the studied market growth.
On the other hand, Turkey has
a rich coastline and is flanked by four seas. This also supports many economic
activities. All the natural resources required for fish production are
available in the country. The rapid development of the country’s aquaculture
sector has made Turkey a leading producer of fish-based products. Presently,
the nation produces large quantities of European sea bass, rainbow trout, and
gilthead sea bream. Also, strong support and initiatives from the government
are also enhancing the demand for aquaculture in the country. This has
increased the production of fish oil, and, in turn, the growth of the studied market.
FF Skagen A/S is one of the
largest fish oil and fishmeal producers in the world, and exports its products
to over 60 countries. They are certified for quality, energy, environment, feed
safety, and sustainability. It has a rich experience of over 50 years in
processing feed supplements for breeding fish and animals. FF Skagen has a
diverse product pipeline, which helps it grow its brand image and market
position.
1. MIDDLE
EAST AND AFRICA 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 BY 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. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA FISH OIL MARKET – REGIONAL OUTLOOK
5.1. UNITED
ARAB EMIRATES
5.2. TURKEY
5.3. SAUDI
ARABIA
5.4. SOUTH
AFRICA
5.5. REST
OF MIDDLE EAST & AFRICA
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: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 4: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)
TABLE 5: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY SPECIES, 2021-2028 (IN $ MILLION)
TABLE 6: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY SPECIES, 2021-2028 (IN KILOTON)
TABLE 7: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 8: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)
TABLE 9: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY AQUACULTURE, 2021-2028 (IN $ MILLION)
TABLE 10: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY AQUACULTURE, 2021-2028 (IN KILOTON)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY ANCHOVY, 2021-2028 (IN $ MILLION)
FIGURE 3: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY MACKEREL, 2021-2028 (IN $ MILLION)
FIGURE 4: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY SARDINES, 2021-2028 (IN $ MILLION)
FIGURE 5: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY COD, 2021-2028 (IN $ MILLION)
FIGURE 6: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY HERRING, 2021-2028 (IN $ MILLION)
FIGURE 7: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY MENHADEN, 2021-2028 (IN $ MILLION)
FIGURE 8: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY OTHER SPECIES, 2021-2028 (IN $ MILLION)
FIGURE 9: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY AQUACULTURE, 2021-2028 (IN $ MILLION)
FIGURE 10: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY SALMON & TROUT, 2021-2028 (IN $ MILLION)
FIGURE 11: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY MARINE FISH, 2021-2028 (IN $ MILLION)
FIGURE 12: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY CRUSTACEANS, 2021-2028 (IN $ MILLION)
FIGURE 13: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY TILAPIAS, 2021-2028 (IN $ MILLION)
FIGURE 14: MIDDLE EAST AND AFRICA
FISH OIL MARKET, BY EELS, 2021-2028 (IN $ MILLION)
FIGURE 15: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY CYPRINIDS, 2021-2028 (IN $ MILLION)
FIGURE 16: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY OTHER AQUACULTURE, 2021-2028 (IN $ MILLION)
FIGURE 17: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY ANIMAL NUTRITION & PET FOOD, 2021-2028 (IN $
MILLION)
FIGURE 18: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY PHARMACEUTICALS, 2021-2028 (IN $ MILLION)
FIGURE 19: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY SUPPLEMENTS & FUNCTIONAL FOOD, 2021-2028 (IN $
MILLION)
FIGURE 20: MIDDLE EAST AND
AFRICA FISH OIL MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 21: MIDDLE EAST AND
AFRICA FISH OIL MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 22: UNITED ARAB
EMIRATES FISH OIL MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: TURKEY FISH OIL
MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: SAUDI ARABIA FISH
OIL MARKET 2021-2028 (IN $ MILLION)
FIGURE 25: SOUTH AFRICA FISH
OIL MARKET 2021-2028 (IN $ MILLION)
FIGURE 26: REST OF MIDDLE EAST
& AFRICA FISH OIL MARKET 2021-2028 (IN $ MILLION)