Market by Spices, Application, and Country | Forecast 2021-2028
According to Triton Market Research, the fish oil market in Latin America is likely to proliferate with a CAGR of 5.35% in terms of revenue in the forecast duration from 2021 to 2028. In this period, it is expected to develop with a CAGR of 2.71% in terms of volume.
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The countries evaluated in
this market include:
• Brazil
• Mexico
• Peru
• Rest of Latin America countries
Brazil’s fish oil market is
driven mainly by the government’s plans of for infrastructure development to
make the country a major marine product supplier. Brazilian sardinella is
largely used for producing fishmeal. Functional foods and dietary supplements
are increasingly being consumed to fulfill the nutritional requirements of
omega-3. The rising health concerns among the people are driving the demand for
omega-3 in supplements and drugs. A large proportion of the Brazilian
population is aware of the benefits of omega-3 for cardiovascular and brain
health. In addition, several international brands are launching new
EPA-based supplements in the Brazilian market. All these factors are raising
the demand for fish oil in the country, thereby aiding the market to grow.
In Mexico, the growing health
concerns among people regarding inflammatory diseases has led to a rise in the
purchase of omega-3 supplements. In addition, a rise in awareness regarding the
effect of a nutrient-deficient diet on health in the long term has encouraged
consumers to spend more on supplements and functional food. This has boosted
the sales of supplements like multivitamins, whey protein, and omega-3
capsules. The growing popularity of fish oil supplements, among other factors,
are driving the growth of the Mexican market for fish oil.
Colpex International is a
Peru-based company manufacturing fish oil. It was founded in 1994, and is
headquartered in Lima. It is one of the leading fish oil suppliers of Peru. The
company also has a fish oil refinery facility. Colpex International
has a large production facility as well as storage capacity. This enables the
company to supply and export more than 40,000 metric tons of crude oil each
year.
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VIEW REPORT1. LATIN
AMERICA 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 IN 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. LATIN
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. LATIN
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. LATIN
AMERICA FISH OIL MARKET – REGIONAL OUTLOOK
5.1. BRAZIL
5.2. MEXICO
5.3. PERU
5.4. REST
OF LATIN AMERICA
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: LATIN AMERICA FISH
OIL MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 4: LATIN AMERICA FISH
OIL MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)
TABLE 5: LATIN AMERICA FISH
OIL MARKET, BY SPECIES, 2021-2028 (IN $ MILLION)
TABLE 6: LATIN AMERICA FISH
OIL MARKET, BY SPECIES, 2021-2028 (IN KILOTON)
TABLE 7: LATIN AMERICA FISH
OIL MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)
TABLE 8: LATIN AMERICA FISH
OIL MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)
TABLE 9: LATIN AMERICA FISH
OIL MARKET, BY AQUACULTURE, 2021-2028 (IN $ MILLION)
TABLE 10: LATIN AMERICA FISH
OIL MARKET, BY AQUACULTURE, 2021-2028 (IN KILOTON)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: LATIN AMERICA FISH
OIL MARKET, BY ANCHOVY, 2021-2028 (IN $ MILLION)
FIGURE 3: LATIN AMERICA FISH
OIL MARKET, BY MACKEREL, 2021-2028 (IN $ MILLION)
FIGURE 4: LATIN AMERICA FISH
OIL MARKET, BY SARDINES, 2021-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA FISH
OIL MARKET, BY COD, 2021-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA FISH
OIL MARKET, BY HERRING, 2021-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA FISH
OIL MARKET, BY MENHADEN, 2021-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA FISH
OIL MARKET, BY OTHER SPECIES, 2021-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA FISH
OIL MARKET, BY AQUACULTURE, 2021-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA FISH
OIL MARKET, BY SALMON & TROUT, 2021-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA FISH
OIL MARKET, BY MARINE FISH, 2021-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA FISH
OIL MARKET, BY CRUSTACEANS, 2021-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA FISH
OIL MARKET, BY TILAPIAS, 2021-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA FISH
OIL MARKET, BY EELS, 2021-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA FISH
OIL MARKET, BY CYPRINIDS, 2021-2028 (IN $ MILLION)
FIGURE 16: LATIN AMERICA FISH
OIL MARKET, BY OTHER AQUACULTURE, 2021-2028 (IN $ MILLION)
FIGURE 17: LATIN AMERICA FISH
OIL MARKET, BY ANIMAL NUTRITION & PET FOOD, 2021-2028 (IN $ MILLION)
FIGURE 18: LATIN AMERICA FISH
OIL MARKET, BY PHARMACEUTICALS, 2021-2028 (IN $ MILLION)
FIGURE 19: LATIN AMERICA FISH
OIL MARKET, BY SUPPLEMENTS & FUNCTIONAL FOOD, 2021-2028 (IN $ MILLION)
FIGURE 20: LATIN AMERICA FISH
OIL MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 21: LATIN AMERICA FISH
OIL MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 22: BRAZIL FISH OIL
MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: MEXICO FISH OIL
MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: PERU FISH OIL
MARKET 2021-2028 (IN $ MILLION)
FIGURE 25: REST OF LATIN
AMERICA FISH OIL MARKET 2021-2028 (IN $ MILLION)