NORTH AMERICA FISH OIL MARKET 2021-2028

Consumer Goods & Services | Food & Beverages

NORTH AMERICA FISH OIL MARKET 2021-2028

Market by Spices, Application, and Country | Forecast 2021-2028

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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.

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Table of Content

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

List of table

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)

List of Figures

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)

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