Global Marine Ingredients Market, By Product Type (Fish Meal, Fish Oil, Marine Proteins, Marine Peptides, Marine Collagen, Fish Bone, Others), Ingredients (Protein, Ash, Fatty Acids, Vitamins, Fat, Enzymes, Others), Form (Liquid, Powder), Raw Material (Whole Fish, By-Product), Source (Krill, Algae, Fish, Squid, Others), Application (Animal and Aquaculture Feed, Pet Food, Dietary Supplements, Food & Beverages, Pharmaceutical, Personal Care and Cosmetics, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The marine ingredients market is expected to witness market growth at a rate of 5.71% in the forecast period of 2021 to 2028. Data Bridge Market Research report on marine ingredients market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the setting eyes of consumers upon marine ingredients is escalating the growth of marine ingredients market.
Marine ingredients can be referred to as healthy products which mainly utilized for the human consumption and animal feed. The marine ingredients are obtained from several types of sea living organisms, like krill, algae, shellfish and fish. These ingredients are known as a good source of vitamins and nutrition.
Major factors that are expected to boost the growth of the marine ingredients market in the forecast period are the rise in the demand for fat content and unique protein outside of their daily routine for the consumers upon marine ingredients. Furthermore, the increase in the accepting of organic products over the conventional ones is further anticipated to propel the growth of the marine ingredients market. Moreover, the rise in the demand from the food and beverage and animal feed application is further estimated to cushion the growth of the marine ingredients market.
On the other hand, the variations in the obtainability of raw material are further projected to impede the growth of the marine ingredients market in the timeline period. In addition, the rise in the need from the cosmetic industry will further provide potential opportunities for the growth of the marine ingredients market in the coming years. However, the inflexibility in the laws and the demand of the customers might further challenge the growth of the marine ingredients market in the near future.
This marine ingredients market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on marine ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Marine Ingredients Market Scope and Market Size
The marine ingredients market is segmented on the basis of product type, ingredients, form, raw material, source and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the marine ingredients market is segmented into fish meal, fish oil, marine proteins, marine peptides, marine collagen, fish bone, and others.
- On the basis of ingredients, the marine ingredients market is segmented into protein, ash, fatty acids, vitamins, fat, enzymes, and others.
- On the basis of form, the marine ingredients market is segmented into liquid, and powder.
- On the basis of raw material, the marine ingredients market is segmented into whole fish, and by-product.
- On the basis of source, the marine ingredients market is segmented into krill, algae, fish, squid, and others.
- On the basis of application, the marine ingredients market is segmented into animal and aquaculture feed, pet food, dietary supplements, food and beverages, pharmaceutical, personal care and cosmetics, and others.
Marine Ingredients Market Country Level Analysis
The marine ingredients market is analysed and market size, volume information is provided by country, product type, ingredients, form, raw material, source and application as referenced above.
The countries covered in the marine ingredients market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the marine ingredients market due to the occurrence of food processing companies and food restaurants chains. Furthermore, the sturdy need for healthy food products amongst the customers will further boost the growth of the marine ingredients market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the marine ingredients market due to the rise in the demand for several types of marine-based cosmetic and food products amongst the population.
The country section of the marine ingredients market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Marine Ingredients Market Share Analysis
The marine ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to marine ingredients market.
The major players covered in the marine ingredients market report are Cargill, Incorporated., Symrise AG, KD Pharma Group, Omega Protein Corporation, Abyss Ingredients, Algaia, American Seafoods Company LLC., Bio-marine Ingredients Ireland Ltd., COBIOSA, Gonmisol, Hofseth BioCare, Kodiak Fishmeal Company, Nutrifish, OLVEA Fish Oils, Pacific Seafood., Pelagia AS, TerraMar Ingredients, Sea Pride LLC, The Scoular Company, Vesteraalens AS, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.