Global Marine Ingredient Market was valued at US$ 6.9 Bn in 2019 and is expected to reach 11.1 Bn by 2027, at a CAGR of 6.12 % during the forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Marine Ingredient Market



Global Marine Ingredient Market

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Global Marine Ingredient Market Dynamics:

Marine ingredients are nutritious products used mostly for human consumption or animal feed and are resulting from marine organisms such as fish, krill, shellfish, and algae. Sustainability is a key position in the harvesting of any of the marine life forms to guarantee the continued growth and maintenance of the inhabitants of the oceans. The marine ingredients market is considered by its fragmented nature with a number of multinational, regional, and local players. The multinational players enjoy a well-established location and acquire a large share of over 40% of the marine ingredients market.

The marine ingredients market is knowingly governed by the aquaculture manufacturers, critical segments in the market are the health-driven marine ingredients - animal and pet foods and pharmaceutical industry. There is a huge growth of the potential emerging segment of marine ingredients enhanced infant formula over the course of the forecast period. The marine ingredients market has to face-off only their incomplete substitutes, owing to their nutrient skilled profile, which displays their monopoly as a rich source of protein and paves way for their applications in the animal feed industry.

On the other hand, the unpredictable price of materials will restrict the growth of the marine ingredient market. Inflexibility in the laws, the demand of consumers will fall for the trends of ‘organic’ products. Further, the government will increase the advanced technologies and decline the existing technologies for increasing the demand for the marine ingredient market during the forecast period.
Global Marine Ingredient Market Segment Analysis:

On the basis of service type, the growing demand for marine products from the food and retail industries, the volume share for marine ingredient fish oil is being projected to higher than the powder segment of marine ingredients. An increase in demand for halal fish oil is dependent on consumer behavior toward fish oils and healthy foods (fortified). Food and beverages are following the marine ingredient fish oil which is seen to be increasing demand for the marine ingredient market in the forecast period.
Global Marine Ingredient Market Regional Analysis:

The multinational companies predict vast growth likely in the Asia Pacific and Europe region, owing to develop new product lines or expand their geographic reach. Europe is the main consumer of marine ingredients and is projected to contribute around 40.1% value share of marine ingredients over the forecast period, owing to increased key marine ingredients producers in the market. The marine ingredients market remains below the influence of regional players, obtaining a share of over 35% and local players securing a share of over 20%.

Around 20% of the world population has Muslims, concentration in Middle-East and Africa followed by Asia-Pacific region which demanded halal foods including halal based fish oil, is projected to boost the demand for marine ingredients market over the forecast period.

The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global Marine Ingredientmarket dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence.



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Scope of the Global Marine Ingredient Market Report: Inquire before buying

Global Marine Ingredient Market, by Type

• Fish Meal
• Fish Oil
• Liquid
• Others (marine proteins, peptides, etc.)
Global Marine Ingredient Market, by Form

• Powder
• Liquid
Global Marine Ingredient Market, by Ingredient

• Protein
• Ash
• Fatty Acids
• Other(vitamins, enzymes, etc.)
Global Marine Ingredient Market, by End User

• Poultry Feed
• Aquaculture
• Animal Food
• Food & Beverages
• Sports Nutrition & Dietary Supplement
• Infant Formula
• Pharmaceuticals
• Cosmetics & Personal Care
• Others
Global Marine Ingredient Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Marine Ingredient Market

• HofsethBioCare ASA
• TripleNine Group A/S
• Bio-marine Ingredients Ireland Ltd.
• SA Copalis, Symrise AG
• Scanbio SA
• Bio-Oregon Protein, Inc.
• Cargill Inc.
• A. Costantino& C. S.P.A.
• Alaska Protein Recovery LLC.
• Titan Biotech Limited
• Jiangxi Cosen Biochemical Co. Ltd.
• Gelita AG



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