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U.S. and South America Fish Oil Market by Type (Salmon, Cod, Anchovy, Tuna, Trout, & Others), and Application (Dietary Supplements & Functional Food): Opportunity Analysis and Industry Forecast, 2021–2027

A07495
Pages: 120
Oct 2020 | 1384 Views
 
Author(s) : Sumesh Kumar, HimanshuVig , RoshanDeshmukh
Tables: 54
Charts: 25
 

COVID-19

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The U.S. and South America fish oil market size was valued at $677.6 million in 2019, and is projected to reach $1,119.4 million by 2027, registering a CAGR of 9.8% from 2021 to 2027. The salmon segment was the highest contributor to the market in 2019, and is estimated to grow at a CAGR of 10.4% during the forecast period. U.S. was the highest revenue contributor, accounting for more than half of the market share in 2019, and is estimated to grow at a CAGR of 8.8% through the forecast period.

Fish oil is derived from the tissues of fish with high fat content. It serves as a rich source of the essential nutrient, omega-3 fatty acid. Regular consumption or supplementation of fish oil has been associated with improving conditions such as clinical depression, rheumatoid arthritis, cancer, and macular degeneration. In addition, fish oil plays a vital role in maintaining a healthy balance between omega-3 and omega-6 fatty acids, which helps in reducing the inflammatory processes in the human body. Moreover, it helps in lowering the risks of coronary heart diseases and maintaining normal blood pressure and normal bold lipid level. Furthermore, it serves as a beneficial supplement for pregnant women and kids, as it is an important component in balanced nutrition.

fish oil is included in the category of products that is purchased by consumers occasionally and the demand for such products remains consistent among consumers. The outbreak of the novel coronavirus has significantly affected the growth of the U.S. and South America fish oil market. The recent outbreak of COVID-19 pandemic has reinforced the idea of healthy diet and has encouraged consumers to invest more on dietary supplements and functional food to improve immunity. This, in turn, has increased the demand for fish oil supplements and omega-3 fortified food among consumers, thereby positively impacting the sale of fish oil in the U.S. and South America.

The growth of the U.S. and South America fish oil market can be attributed to changes in the food consumption pattern of people all around the world. The expanding retail market and easy availability of the product through various sales channel makes it very convenient for the consumers to purchase fish oil supplements. This helps drive the sales figures and makes way for the market growth. Rise in concern about inflammatory diseases among people has led to rise in purchase of omega-3 supplements. Moreover, increase in awareness about the effect of nutrition-deficient diet on long-term health has encouraged consumers to invest more on supplementation and functional food, which has boosted the sale for supplements such as whey protein, multivitamins, and omega-3 capsules. Furthermore, rise in popularity of fish oil supplements among the fitness community is anticipated to create remunerative opportunities for the expansion of the fish oil marketHowever, rise in the adoption of veganism, shortage of raw fish due to unfavorable weather and fishing quota restrictions act as the major restrain for the fish oil market. On the contrary, rise in the popularity for fish oil among ageing population and growing application of fish oil in functional food is expect to open avenue for the U.S. and South America fish oil market growth.

US-and-South-America-Fish-Oil

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The U.S. and South America fish oil market is segmented into type, application, and country. By type, the market is segregated into salmon, cod, anchovy, tuna, trout, and others, including mackerel, sardines, herring, and menhaden. On the basis of application, it is bifurcated into dietary supplements and functional food. Country wise, it is analyzed across the U.S., Mexico, Brazil, Argentina, and rest of Latin America

U.S. and South America Fish Oil Market
By Type

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Salmon was the lasrgest and fastest growing segment.

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Based on the U.S. and South America fish oil market analysis by type, the salmon was the most prominent segment with the highest share in the U.S. and South America fish oil market, and is estimated to exhibit a CAGR of 9.5% during the forecast period. This is attributed to easy availability and high popularity of salmon among the populace. The anchovy segment is also subject to high growth of 9.1% throughout the forecast.

U.S. and South America Fish Oil Market
By Application

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Functional food was the fastest growing segment.

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Based on the U.S. and South America fish oil market forecast by application, the dietary supplement segment garnered the highest share in 2019, and is expected to register at a notable growth rate of 9.6%, owing to increase in awareness among consumers about nutrition. Regular food and especially the fast food cannot meet the micro and macro nutrients required, as a result consumers are investing in supplements to cater to their daily nutritional needs. However, the functional food segment is anticipated to exhibit the highest CAGR of 12.5% from 2021 to 2027.

U.S. and South America Fish Oil Market
By Country

2027
U.s. 
Mexico
Brazil
Argentina
Rest Of Latin America

Brazil was the fastest growing segment.

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By country, the U.S. was the dominant market, contributing the largest market share in the U.S. and South America fish oil market. The growth is attributed to higher awareness about the benefits of balanced nutrition among the populace in this country. Moreover, higher disposable income coupled with increase in prevalence of various diseases such as rheumatoid arthritis and inflammation have encouraged people to invest in omega-3 fish oils, which is aids in alleviating such symptoms. However, Brazil is expected to depict the highest growth rate of 13.5%, owing to increase in popularity of health supplements among the local populace.

By region, Asia-Pacific was the most prominent region in the U.S. and South America fish oil market and is expected to garner high growth rate in the forecast period.The Europe and North America market is also expected to witness steady growth rate throughout the forecast period owing to presence of a large number of local players in the region.

The players in the U.S. and South America fish oil industry have adopted productlaunch as their key development strategy to increase profitability and improve their stance in the U.S. and South America fish oil market share. The key players profiled in the report includeOmega Protein Corporation, FMC Corporation, Nordic Naturals, Wileys's Finest, Barlean's, Optimum Nutrition, Nuzena LLC, Nutrigold, the Nature's Bounty, and Colpex International.

Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current U.S. and South America fish oil market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.
  • Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the market size and segmentation assists in determining the prevailing U.S. and South America fish oil market opportunities.
  • The major countries in South America along with U.S. are mapped according their revenue contribution the industry. 
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry.

Key Market Segments

By Type

  • Salmon
  • Cod
  • Anchovy
  • Tuna
  • Trout
  • Others

By Packaging

  • Nutritional Supplements
  • Functional Food

By Region

  • U.S.
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segment
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Porter's five forces analysis
3.3.Market dynamics

3.3.1.Drivers

3.3.1.1.Increase in health awareness among consumers
3.3.1.2.Expansion of retail market

3.3.2.Restraints

3.3.2.1.Adverse climatic conditions, quota restriction, and stringent government regulation on fishing quota
3.3.2.2.Adoption of veganism

3.3.3.Opportunities

3.3.3.1.Benefits offered by omega-3 supplementation to geriatric population
3.3.3.2.Rise in popularity of functional food

3.4.COVID-19 impact analysis

3.4.1.Introduction
3.4.2.Impact on the food & beverage industry
3.4.3.Impact on U.S. and South America fish oil market

3.5.Top impacting factors
3.6.Value chain analysis
3.7.Regulatory impact analysis
3.8.Production data

CHAPTER 4:U.S. AND SOUTH AMERICA FISH OIL MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Salmon

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast

4.3.Cod

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast

4.4.Anchovy

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast

4.5.Tuna

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast

4.6.Trout

4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast

4.7.Others

4.7.1.Key market trends, growth factors, and opportunities
4.7.2.Market size and forecast

CHAPTER 5:U.S. AND SOUTH AMERICA FISH OIL MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast

5.2.Dietary supplement

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast

5.3.Functional food

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast

CHAPTER 6:FISH OIL MARKET, BY COUNTRY

6.1.Overview

6.1.1.Market size and forecast, by country

6.2.U.S.

6.2.1.Market size and forecast, by type
6.2.2.Market size and forecast, by application

6.3.Mexico

6.3.1.Market size and forecast, by type
6.3.2.Market size and forecast, by application

6.4.Brazil

6.4.1.Market size and forecast, by type
6.4.2.Market size and forecast, by application

6.5.Argentina

6.5.1.Market size and forecast, by type
6.5.2.Market size and forecast, by application

6.6.Rest of Latin America

6.6.1.Market size and forecast, by type
6.6.2.Market size and forecast, by application

CHAPTER 7:COMPETITION LANDSCAPE

7.1.Top investment pocket
7.2.Top player positioning
7.3.Top winning strategies

CHAPTER 8:COMPANY PROFILES

8.1.OMEGA PROTEIN CORPORATION

8.1.1.Company overview
8.1.2.Key executive
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Product portfolio
8.1.6.Key strategic moves and developments

8.2.FMC CORPORATION

8.2.1.Company overview
8.2.2.Key executive
8.2.3.Company snapshot
8.2.4.Product portfolio
8.2.5.Business performance
8.2.6.Key strategic moves and developments

8.3.NORDIC NATURALS

8.3.1.Company overview
8.3.2.Key executive
8.3.3.Company snapshot
8.3.4.Product portfolio
8.3.5.Key strategic moves and developments

8.4.WILEY’S FINEST

8.4.1.Company overview
8.4.2.Key executive
8.4.3.Company snapshot
8.4.4.Product portfolio

8.5.BARLEAN’S

8.5.1.Company overview
8.5.2.Key executive
8.5.3.Company snapshot
8.5.4.Product portfolio

8.6.OPTIMUM NUTRITION, INC.

8.6.1.Company overview
8.6.2.Key executive
8.6.3.Company snapshot
8.6.4.Product portfolio

8.7.NUZENA LLC

8.7.1.Company overview
8.7.2.Key executive
8.7.3.Company snapshot
8.7.4.Product portfolio

8.8.NATURE’S BOUNTY CO.(KKR & CO. INC)

8.8.1.Company overview
8.8.2.Key executive
8.8.3.Company snapshot
8.8.4.Product portfolio
8.8.5.Key strategic moves and developments

8.9.NUTRIGOLD INC.

8.9.1.Company overview
8.9.2.Key executive
8.9.3.Company snapshot
8.9.4.Product portfolio
8.9.5.Key strategic moves and developments

8.10.COLPEX INTERNATIONAL

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Product portfolio

LIST OF TABLES

TABLE 01.TOP PRODUCERS OF FISH OIL, BY COUNTRY, 2015–2018 (KT)
TABLE 02.U.S. AND SOUTH AMERICA FISH OIL MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 03.U.S. AND SOUTH AMERICA SALMON FISH OIL MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 04.U.S. AND SOUTH AMERICA COD FISH OIL MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 05.U.S. AND SOUTH AMERICA ANCHOVY FISH OIL MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 06.U.S. AND SOUTH AMERICA FISH OIL MARKET REVENUE FOR TUNA, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 07.U.S. AND SOUTH AMERICA FISH OIL MARKET REVENUE FOR TROUT, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 08.U.S. AND SOUTH AMERICA FISH OIL MARKET REVENUE FOR OTHERS, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 09.U.S. AND SOUTH AMERICA FISH OIL MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 10.U.S. AND SOUTH AMERICA FISH OIL MARKET REVENUE FOR DIETARY SUPPLEMENT, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 11.U.S. AND SOUTH AMERICA FISH OIL MARKET REVENUE FOR DIETARY SUPPLEMENT, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 12.FISH OIL MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 13.U.S. AND SOUTH AMERICA FISH OIL MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 14.U.S. AND SOUTH AMERICA FISH OIL MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 15.MEXICO AND SOUTH AMERICA FISH OIL MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 16.MEXICO AND SOUTH AMERICA FISH OIL MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 17.BRAZIL AND SOUTH AMERICA FISH OIL MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 18.BRAZIL AND SOUTH AMERICA FISH OIL MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 19.ARGENTINA AND SOUTH AMERICA FISH OIL MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 20.ARGENTINA AND SOUTH AMERICA FISH OIL MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 21.REST OF LATIN AMERICA AND SOUTH AMERICA FISH OIL MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 22.REST OF LATIN AMERICA AND SOUTH AMERICA FISH OIL MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 23.OMEGA PROTEIN CORPORATION: KEY EXECUTIVE
TABLE 24.OMEGA PROTEIN CORPORATION: COMPANY SNAPSHOT
TABLE 25.OMEGA PROTEIN CORPORATION: OPERATING SEGMENTS
TABLE 26.OMEGA PROTEIN CORPORATION: PRODUCT PORTFOLIO
TABLE 27.FMC CORPORATION.: KEY EXECUTIVE
TABLE 28.FMC CORPORATION: COMPANY SNAPSHOT
TABLE 29.FMC CORPORATION: PRODUCT PORTFOLIO
TABLE 30.FMC CORPORATION: NET SALES, 2017–2019 ($MILLION)
TABLE 31.R&D EXPENDITURE: NET SALES, 2017–2019 ($MILLION)
TABLE 32.NORDIC NATURALS: KEY EXECUTIVE
TABLE 33.NORDIC NATURALS: COMPANY SNAPSHOT
TABLE 34.NORDIC NATURALS: PRODUCT PORTFOLIO
TABLE 35.WILEY’S FINEST: KEY EXECUTIVE
TABLE 36.WILEY’S FINEST: COMPANY SNAPSHOT
TABLE 37.WILEY’S FINEST: PRODUCT PORTFOLIO
TABLE 38.BARLEAN’S: KEY EXECUTIVE
TABLE 39.BARLEAN’S: COMPANY SNAPSHOT
TABLE 40.BARLEAN’S: PRODUCT PORTFOLIO
TABLE 41.OPTIMUM NUTRITION, INC.: KEY EXECUTIVE
TABLE 42.OPTIMUM NUTRITION, INC.: COMPANY SNAPSHOT
TABLE 43.OPTIMUM NUTRITION, INC.: PRODUCT PORTFOLIO
TABLE 44.NUZENA LLC: KEY EXECUTIVE
TABLE 45.NUZENA LLC: COMPANY SNAPSHOT
TABLE 46.NUZENA LLC: PRODUCT PORTFOLIO
TABLE 47.NATURE'S BOUNTY CO: KEY EXECUTIVE
TABLE 48.NATURE'S BOUNTY CO: COMPANY SNAPSHOT
TABLE 49.NATURE'S BOUNTY CO: PRODUCT PORTFOLIO
TABLE 50.NUTRIGOLD INC.: KEY EXECUTIVE
TABLE 51.NUTRIGOLD INC.: COMPANY SNAPSHOT
TABLE 52.NUTRIGOLD INC.: PRODUCT PORTFOLIO
TABLE 53.COLPEX INTERNATIONAL: COMPANY SNAPSHOT
TABLE 54.COLPEX INTERNATIONAL: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.U.S. AND SOUTH AMERICA FISH OIL MARKET SNAPSHOT, 2019–2027
FIGURE 03.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 04.MODERATE THREAT OF NEW ENTRANTS
FIGURE 05.HIGH THREAT OF SUBSTITUTES
FIGURE 06.MODERATE INTENSITY OF RIVALRY
FIGURE 07.MODERATE BARGAINING POWER OF BUYERS
FIGURE 08.U.S. AND SOUTH AMERICA FISH OIL MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 09.COVID-19 IMPACT
FIGURE 10.TOP IMPACTING FACTORS
FIGURE 11.VALUE CHAIN ANALYSIS
FIGURE 12.U.S. AND SOUTH AMERICA FISH OIL MARKET, BY TYPE, 2019 (%)
FIGURE 13.U.S. AND SOUTH AMERICA FISH OIL MARKET, BY APPLICATION, 2019 (%)
FIGURE 14.U.S. AND SOUTH AMERICA FISH OIL MARKET, BY COUNTRY, 2019 (%)
FIGURE 15.U.S. FISH OIL MARKET, 2019–2027 ($MILLION)
FIGURE 16.MEXICO FISH OIL MARKET, 2019–2027 ($MILLION)
FIGURE 17.BRAZIL FISH OIL MARKET, 2019–2027 ($MILLION)
FIGURE 18.ARGENTINA FISH OIL MARKET, 2019–2027 ($MILLION)
FIGURE 19.REST OF LATIN AMERICA FISH OIL MARKET, 2019–2027 ($MILLION)
FIGURE 20.TOP INVESTMENT POCKET
FIGURE 21.TOP PLAYER POSITIONIG
FIGURE 22.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2020* (%)
FIGURE 23.FMC CORPORATION: NET SALES, 2017–2019 ($MILLION)
FIGURE 24.R&D EXPENDITURE: NET SALES, 2017–2019 ($MILLION)
FIGURE 25.FMC CORPORATION: REVENUE SHARE BY COUNTRY, 2019 (%)

 
 

As per the perspective of CXOs of top-level companies, innovation is the key for the growth of the fish oil market in terms of value sales. In addition, increase in popularity of dietary supplements and rise in application of fish oil in functional foods such as infant formula and functional ice creams have boosted the growth of the fish oil market.

The CXOs further added that surge in demand for long chain omega-3 fatty acid primarily drives the growth of the U.S. and South America fish oil market. However, impositions on the fishing quota and adverse climatic conditions such as the El Nino—an irregular and complex series of climatic changes—impede the market growth. Presently, the inclusion of omega-3 derived through various sources, including fish has increased, owing to the trend of health eating. On the contrary, CXOs are concerned about the increasing demand–supply gap, which leads to fluctuations in price of fish oil. However, CXOs optimistic about the rising demand for omega 3 in human nutrition applications, such as pharmaceutical and supplements & functional foods, which, in turn, fosters the market growth.

 
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FREQUENTLY ASKED QUESTIONS?
Our Report Looks Like This
 

A. U.S. and South America Fish Oil Market is expected to grow at a CAGR of 9.8% from 2021-2027.

A. U.S. and South America Fish Oil Market is expected to reach a market size of $1,119.4 millions by 2027.

A. Sample of the report can be acquired from the official allied market research website.

A. Rise in the adoption of veganism, shortage of raw fish due to unfavorable weather and fishing quota restrictions act as the major restrain factor for the U.S. and South America fish oil market.

A. The forecast period for the report is 2021-2027.

A. The U.S. and South America fish oil market is segmented into type, application, and country.

A. Growing adoption of functional food and rise in popularity of omega-3 supplements are some of the key trends in the U.S. and South America Fish Oil market.

A. Rise in the popularity for fish oil among ageing population and growing application of fish oil in functional food is expected to open avenue for the U.S. and South America fish oil market growth.

A. The key players profiled in the report include Omega Protein Corporation, FMC Corporation, Nordic Naturals, Wileys's Finest, Barlean's, Optimum Nutrition, Nuzena LLC, Nutrigold, the Nature's Bounty, and Colpex International.

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