Market by Spices, Application, and Country | Forecast 2021-2028
Triton Market Research has
concluded that the North America fish oil market would grow at a CAGR of 7.19%
by revenue and 4.83% by volume in the estimated years between 2021 and 2028.
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The countries analyzed in this
market are:
• The United States
• Canada
According to National Health Survey, fish oil was the most popularly
consumed natural product by adults in the US, with more than 8 million users.
The growing popularity of fish oil and related products can be attributed to
the rise in per capita disposable income, which has encouraged more people to
purchase fish oil and dietary supplements. Also, fish oil has many health
benefits associated with it, which has driven the market growth in the United
States.
The nation is the largest fish
oil producer and consumer in the North American region. It has a well-equipped
production base, which facilitates large-scale production of these products.
The Gulf of Menhaden and the East coast are the prime production bases for fish
oil in the country. Further, Alaska also has a booming seafood industry, which
is majorly supplementing the US market’s growth.
Omega-3 fish oil supplements are
among the majorly consumed health supplements in the United States. This is primarily
attributable to the growing health awareness in consumers as well as the government
recommendations regarding the intake of omega-3 fatty acids like docosahexaenoic
acids (DHA) and eicosapentaenoic acids (EPA). Furthermore, the nation was also
among the leading exporters of fish in the world in 2016. All these factors
indicate the high demand and adoption of fish oil in the country, which is
boosting the growth of the domestic market.
GC Rieber VivoMega is known
for its brand VivoMega, a high-quality concentrated marine omega-3 fish oil.
The company has a sales office in the United States. GC Rieber has the largest
fish oil storage facility in the world, having more than 24,000 MT of capacity.
This provides the company with the flexibility to cater to its customers’
ongoing supply needs.
1. NORTH
AMERICA FISH OIL MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. NORTH
AMERICA IS THE MOST PROMISING REGIONAL MARKET
2.2.2. MACKEREL
IS ANTICIPATED TO GROW AT THE HIGHEST CAGR
2.2.3. INCREASING
HEALTH AWARENESS IN CONSUMERS
2.2.4. RISING
DEMAND FOR FISH OIL FROM 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. NORTH
AMERICA 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. NORTH
AMERICA 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. NORTH
AMERICA FISH OIL MARKET – REGIONAL OUTLOOK
5.1. UNITED
STATES
5.2. CANADA
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: NORTH AMERICA FISH
OIL MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA FISH
OIL MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)
TABLE 5: NORTH AMERICA FISH
OIL MARKET, BY SPECIES, 2021-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA FISH
OIL MARKET, BY SPECIES, 2021-2028 (IN KILOTON)
TABLE 7: NORTH AMERICA FISH
OIL MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA FISH
OIL MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)
TABLE 9: NORTH AMERICA FISH
OIL MARKET, BY AQUACULTURE, 2021-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA FISH
OIL MARKET, BY AQUACULTURE, 2021-2028 (IN KILOTON)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: NORTH AMERICA FISH
OIL MARKET, BY ANCHOVY, 2021-2028 (IN $ MILLION)
FIGURE 3: NORTH AMERICA FISH
OIL MARKET, BY MACKEREL, 2021-2028 (IN $ MILLION)
FIGURE 4: NORTH AMERICA FISH
OIL MARKET, BY SARDINES, 2021-2028 (IN $ MILLION)
FIGURE 5: NORTH AMERICA FISH
OIL MARKET, BY COD, 2021-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA FISH
OIL MARKET, BY HERRING, 2021-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA FISH
OIL MARKET, BY MENHADEN, 2021-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA FISH
OIL MARKET, BY OTHER SPECIES, 2021-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA FISH
OIL MARKET, BY AQUACULTURE, 2021-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA FISH
OIL MARKET, BY SALMON & TROUT, 2021-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA FISH
OIL MARKET, BY MARINE FISH, 2021-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA FISH
OIL MARKET, BY CRUSTACEANS, 2021-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA FISH
OIL MARKET, BY TILAPIAS, 2021-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA FISH
OIL MARKET, BY EELS, 2021-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA FISH
OIL MARKET, BY CYPRINIDS, 2021-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA FISH
OIL MARKET, BY OTHER AQUACULTURE, 2021-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA FISH
OIL MARKET, BY ANIMAL NUTRITION & PET FOOD, 2021-2028 (IN $ MILLION)
FIGURE 18: NORTH AMERICA FISH
OIL MARKET, BY PHARMACEUTICALS, 2021-2028 (IN $ MILLION)
FIGURE 19: NORTH AMERICA FISH
OIL MARKET, BY SUPPLEMENTS & FUNCTIONAL FOOD, 2021-2028 (IN $ MILLION)
FIGURE 20: NORTH AMERICA FISH
OIL MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 21: NORTH AMERICA FISH
OIL MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 22: UNITED STATES FISH
OIL MARKET, 2021-2028 (IN $ MILLION)
FIGURE 23: CANADA FISH OIL
MARKET, 2021-2028 (IN $ MILLION)