Fish Oil Market

Fish Oil Market: Growing Introduction of Healthier Product Offerings Expedites Expansion of Latin American Market: Global Industry Analysis (2013 - 2017) & Opportunity Assessment (2018 - 2028)

  • 2018-05-11
  • REP-GB-6686
  • 303 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Fish Oil Market

This study offers a comprehensive, 360 degree analysis on the Fish Oil market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Fish Oil market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

The research indicates which players are investing in research and development, process or product innovations, and emerging applications of fish oil globally. In the figure given below, it indicates that the manufacturers are focusing on the critical stages of fish oil value chain production and refining. Technology advancements both at supply level and end use industry level of fish oil will support fish oil market growth over the forecast period. Increase in strategic decisions by fish oil companies has helped the fish oil market more concentrated in Latin American and European regions. This scenario has given the regions competitive advantage over other regions in fish oil market. As per insights, TerraVia and Bunge announced the launch of the first product line for animal nutrition produced in partnership. TerrraVia will be using their proprietary algae-based technology platform.

Latin America is expected to be on the vanguard in terms of consumption of fish oil over the coming years

Latin America is one of the most diverse regions on the planet, but when it comes to food and beverage preferences, most Latin Americans are unanimous in their expectations – healthy, safe, and affordable products manufactured by companies that take their corporate social responsibilities seriously. Increasing awareness on the benefits of healthy food and beverage products has led a significant section of consumers to change their eating habits. This change has also forced manufacturers to include healthier offerings to consumers. Many brands have reduced the packaging size of their soda offerings, while introducing low-calorie, low-sugar fresh juices.

Prevention program in Argentina has fostered a sense of consciousness among consumers on food and beverage products that can be avoided to lead a healthy lifestyle. In terms of foreign imports, efforts to standardize the different regulations are underway. A broad regulatory policy can help global food and beverage manufacturers to have more transparency and clarity while exporting to Latin American countries. The two trading blocs that are active in Latin America includes the Pacific Alliance and Mercosur. Of specific prominence is Mexican wine and Horchata. Although the Latin American food and beverage industry appears to be on solid footing, macroeconomic factors and changes in political stability can hurt interests in the long run.

Western Europe is expected to closely trail Latin America with respect to consumption of fish oil

The European food and beverage industry is a key contributor to the region’s economy. It continues to be the largest manufacturing sector in terms of employment and turnover in Europe. The food and beverage industry is quite fragmented, and small and medium enterprises account for nearly half of the region’s turnover. Germany continues to be one of the leading markets for international and local food and beverage manufacturers, with meat and sausage products being the leading segment by production value.

The relatively stable economy and low levels of employment are likely to contribute to a steady pace of growth in the German food and beverage sector. France continues to be a diverse marketplace, and consumption of meat and fish remains higher than the rest of the EU. There is an increasing preference for pre-cooked and ready-made food products in France, and manufacturers which has led manufacturers to boost production of these products. Considering the opportunities in the French market, it is highly likely that the industry will continue to benefit from a period of stable growth in the foreseeable future.

Food and Beverages Global Industry Outlook along with Inputs on the global Fish Oil Market

The food and beverage industry in North America is colossal and comprises and number of players in largely fragmented and multi-tiered supply chains. The industry is stringently regulated and players often have to adapt to a landscape that changes quite frequently. The primary demand drivers in North America are witnessing fast-paced evolution, as dietary habits receive emphasis, especially among consumers who scour every label to read the ingredients. Although mergers and acquisitions have been a staple in the food and beverage industry, uncertainties in political climate in Europe and America lead to a slowdown in 2016. As there is more clarity on the U.S. Presidential election and Brexit, the pace of mergers and acquisitions is likely to pick up.

The evolving tastes and preferences of consumers are not lost on manufacturers, as offerings have been broadened to accommodate organic and natural food products. Many established players are focusing in acquiring smaller companies which have the expertise and reputation of being pros in specific organic and natural domains. These smaller companies have deep brad loyalty, and owing to the small scale of production, it is much easier for them to come up with innovative products. These factors, combined with increasing emphasis on organic and natural, are likely to make smaller companies attractive targets for mergers and acquisitions.

In Europe, notable developments that the food and beverage industry needs to lookout for are stricter monitoring of unfair trade practices (UTPs) by the European Commission (EC). Many food and beverage manufacturers are currently assessing the risk to business once Brexit comes into effect. As the timing and full impact of Brexit is still uncertain, food and beverage companies are focusing on taking preventive action to secure their business interests.

List of factors tracked in the Food Ingredients Market Report

In the food ingredients sub-domain, the following factors have been tracked.

  • Food ingredients consumption by different markets

  • Food ingredients produced by key manufactures

  • Allied market growth

  • Utilization of ingredient by volume in food products

  • Key use area (eg. Bakery, beverages, dairy, baby food etc.)

  • Parent market growth and share for allied industry

  • Level of usage

  • Key manufacturers

  • Forms available (Form of ingredients)

  • FOB and CIF pricing Final product- Consumption pattern and preferences

  • Demand for organic, natural and conventional

Research Methodology

FMI utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any.  In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

Data Collection

FMI collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, FMI validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Standard Report Structure

  • Executive Summary

  • Market Definition

  • Macro-economic analysis

  • Parent Market Analysis

  • Market Overview

  • Forecast Factors

  • Segmental Analysis and Forecast

  • Regional Analysis

  • Competition Analysis

Market Taxonomy

The global fish oil market has been segmented into:

Product Type




End User



  • Salmon Oil

  • Tuna Oil

  • Cod Liver Oil

  • Sardine Oil

  • Squalene Oil

  • Krill Oil

  • Anchovy oil

  • Menhaden oil

  • Others

  • Crude

  • Refined

  • Modified

  • Feed

  • Food

  • Pharma

  • Aquafeed

    • Crustaceans

    • Marine Fish

    • Salmon & Trout

    • Eels

    • Cyprinids

    • Tilapias

  • Food and Beverages

  • Dietary Supplements

  • Others

  • Drum

  • Glass Bottle

  • Vacuum Pack

  • Plastic Bottle

  • Tinned Cans

  • Others

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