Home Nucleus Food & Beverage South Africa Marine Ingredients Market to 2032

South Africa Marine Ingredients Market to 2032

Overview

The South Africa Marine Ingredients Market is expected to reach a 325.36 USD Million by 2032 and is projected to grow at a CAGR of 11.20% from 2025 to 2032.

Revenue, 2024 (USD Million)
168.22
Forecast, 2032 (USD Million)
325.36
CAGR, 2024 - 2032
11.20%
Report Coverage
South Africa

South Africa Marine Ingredients Market 2018-2032 USD Million

South Africa Marine Ingredients Market , Key Findings (2025-2032)

Market Growth and Projections:

  • Market Size (2024): 168.22 USD Million
  • Projected Market Size (2032): 325.36 USD Million
  • CAGR (2025-2032): 11.20%

Key Findings of South Africa Marine Ingredients Market

  • The South Africa Marine Ingredients Market was valued at 168.22 USD Million in 2024.
  • The South Africa Marine Ingredients Market is likely to grow at a CAGR of 11.20% during the forecast period of 2024 to 2032.
  • In 2024, the Largest segment Powder in Form Segment accounted for the largest share of the market with a revenue of 129.16 USD Million
  • The fastest growing segment Protein in Ingredient Segment grew Fastest with a CAGR of 12.08% during the forecast period from 2024 to 2032.

South Africa Marine Ingredients Market Scope

South Africa Marine Ingredients Market Segmentation & Scope
Ingredient
  • Others
  • Enzymes
  • Fat
  • Vitamins
  • Fatty Acids
  • Ash
  • Protein
Form
  • Liquid
  • Powder
Raw Material
  • By-product
  • Whole Fish
Source
  • Squid
  • Others
  • Krill
  • Algae
  • Fish
Product Type
  • Others
  • Fish Bone
  • Marine Collagen
  • Marine Peptides
  • Marine Proteins
  • Fish Oil
  • Fish Meal
Application
  • Others
  • Personal Care and Cosmetics
  • Pharmaceutical
  • Food & Beverages
  • Dietary Supplements
  • Pet Food
  • Animal and Aquaculture Feed

South Africa Marine Ingredients Market Data Coverage Insights

Study Period 2024-2032
Base Year 2022
Unit Revenue in USD Million
Market Value in 2024 168.22 USD Million
Market Value in 2032 325.36 USD Million
CAGR (2025-2032) 11.20%
Historic Data 2016-2023
Market Segments Covered Ingredient,Form,Raw Material,Source,Product Type,Application

Regional Insights:

  • Leading Market (2024-2032): South Africa, leading in terms of revenue 168.22 USD Million in 2024
    • Key Country: South Africa, leading in terms of revenue with value of 168.22 USD Million in 2024.

Segments and Scope

  • South Africa Marine Ingredients Market to 2032, By Ingredient
    • Protein is the largest segment in South Africa Marine Ingredients Market to 2032 with a revenue of 86.25 USD Million in the year 2024.
    • Protein is the Fastest growing segment in South Africa Marine Ingredients Market to 2032 with a Growth rate of 12.08 % in forecast period 2025-2032.
  • South Africa Marine Ingredients Market to 2032, By Form
    • Powder is the largest segment in South Africa Marine Ingredients Market to 2032 with a revenue of 129.16 USD Million in the year 2024.
    • Liquid is the Fastest growing segment in South Africa Marine Ingredients Market to 2032 with a Growth rate of 11.03 % in forecast period 2025-2032.
  • South Africa Marine Ingredients Market to 2032, By Raw Material
    • Whole Fish is the largest segment in South Africa Marine Ingredients Market to 2032 with a revenue of 121.84 USD Million in the year 2024.
    • By-product is the Fastest growing segment in South Africa Marine Ingredients Market to 2032 with a Growth rate of 11.04 % in forecast period 2025-2032.
  • South Africa Marine Ingredients Market to 2032, By Source
    • Fish is the largest segment in South Africa Marine Ingredients Market to 2032 with a revenue of 99.09 USD Million in the year 2024.
    • Fish is the Fastest growing segment in South Africa Marine Ingredients Market to 2032 with a Growth rate of 11.75 % in forecast period 2025-2032.
  • South Africa Marine Ingredients Market to 2032, By Product Type
    • Fish Meal is the largest segment in South Africa Marine Ingredients Market to 2032 with a revenue of 99.92 USD Million in the year 2024.
    • Fish Oil is the Fastest growing segment in South Africa Marine Ingredients Market to 2032 with a Growth rate of 11.25 % in forecast period 2025-2032.
  • South Africa Marine Ingredients Market to 2032, By Application
    • Animal and Aquaculture Feed is the largest segment in South Africa Marine Ingredients Market to 2032 with a revenue of 69.33 USD Million in the year 2024.
    • Pet Food is the Fastest growing segment in South Africa Marine Ingredients Market to 2032 with a Growth rate of 10.99 % in forecast period 2025-2032.

South Africa Marine Ingredients Market Company Share Analysis

 
South Africa Marine Ingredients Market Company Share Analysis
South Africa Marine Ingredients Market Company Share Analysis

South Africa Marine Ingredients Market Geographical Sales Distribution, 2018-2032 USD Million

South Africa Marine Ingredients Market Geographical Sales Distribution, 2018-2032 USD Million

South Africa Marine Ingredients Market Company Profiling

South Africa Marine Ingredients Market Company Profiling

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Frequently Asked Questions
The South Africa Marine Ingredients Market is segmented based on Segmentation Ingredient,Form,Raw Material,Source,Product Type,Application.
South Africa Marine Ingredients Market was valued at USD 168.22(Revenue in USD Million) in 2022.
South Africa Marine Ingredients Market is projected to grow at a CAGR of 11.20% during the forecast period of 2024 to 2032.
The Powder segment is expected to dominate the South Africa Marine Ingredients Market , holding a largest market share of 129.16 USD Million in 2024

South Africa Marine Ingredients Market Scope

South Africa Marine Ingredients Market Segmentation & Scope
Ingredient
  • Others
  • Enzymes
  • Fat
  • Vitamins
  • Fatty Acids
  • Ash
  • Protein
Form
  • Liquid
  • Powder
Raw Material
  • By-product
  • Whole Fish
Source
  • Squid
  • Others
  • Krill
  • Algae
  • Fish
Product Type
  • Others
  • Fish Bone
  • Marine Collagen
  • Marine Peptides
  • Marine Proteins
  • Fish Oil
  • Fish Meal
Application
  • Others
  • Personal Care and Cosmetics
  • Pharmaceutical
  • Food & Beverages
  • Dietary Supplements
  • Pet Food
  • Animal and Aquaculture Feed
Frequently Asked Questions
The South Africa Marine Ingredients Market is segmented based on Segmentation Ingredient,Form,Raw Material,Source,Product Type,Application.
South Africa Marine Ingredients Market was valued at USD 168.22(Revenue in USD Million) in 2022.
South Africa Marine Ingredients Market is projected to grow at a CAGR of 11.20% during the forecast period of 2024 to 2032.
The estimated market value of the South Africa Marine Ingredients Market for final year is USD 325.36 (USD Million).

South Africa Marine Ingredients Market Company Profiling

South Africa Marine Ingredients Market Company Profiling
Frequently Asked Questions
The South Africa Marine Ingredients Market is segmented based on Segmentation Ingredient,Form,Raw Material,Source,Product Type,Application.
South Africa Marine Ingredients Market was valued at USD 168.22(Revenue in USD Million) in 2022.
South Africa Marine Ingredients Market is projected to grow at a CAGR of 11.20% during the forecast period of 2024 to 2032.
The estimated market value of the South Africa Marine Ingredients Market for final year is USD 325.36 (USD Million).

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