Refined Marine Oil Market Insights, Opportunity Analysis, Industry Shares And Forecast 2020 to 2030

Marine oil is in high demand from end-use industries such as aqua feed and pharmaceuticals. However, the COVID-19 pandemic has impacted the global marine oil market, with significant obstruction in raw material procurement and the supply of raw material from one country to another. This reduction in supply consequently hampers production in end-use industries, thereby diminishing the growth of the global marine oil market. Nevertheless, the global marine oil market is expected to gradually recover with the resumption of activities across the globe, and reach a valuation of US$ 2.6 Bn by 2030.

“EPA DHA-based blended cooking oil is currently gaining traction. It can be one of the potential options to rejuvenate the maturing product life cycle,”says a Fact.MR analyst.

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Key Takeaways from Marine Oil Market Study

  • The EMEA region has a significant market share, catering to more than one third of the global marine oil market, primarily due to backward and forward integration.
  • Owing to huge demand for marine oil from other end-use industries, the pharmaceuticals and others segments are expected to have a sizeable market share, globally.
  • Refined marine oil is expected to progress at a CAGR of more than 4%, owing to its high usability in end-use industries.
  • Increasing utility of plant-based marine oil in aqua feed is a factor fuelling the growth of the marine oil market.
  • The COVID-19 pandemic will have a short-term effect on the global marine oil market.

marine oil market regional incremental opportunity analysis

Global Marine Oil Market: Segmentation

For clearer understanding of the Marine Oil Market, analysts have segmented the market. The segmentation has been done on the basis of application, technology, and users. Each segment has been further explained with the help of graphs figures. This breakdown of the market gives the readers an objective view of the global Marine Oil Market, which is essential to make sound investments.

A market research study is incomplete without regional analysis, and we are well aware of it. That is why, the report includes a comprehensive and all-inclusive study that solely concentrates on the geographical growth of the global Marine Oil Market. The study also includes accurate estimations about market growth at the global, regional, and country levels. It empowers you to understand why some regional markets are flourishing while others are seeing a decline in growth. It also allows you to focus on geographies that hold the potential to create lucrative prospects in the near future.

Following Questions Answers Covered in the Report are:

  • How will the global Marine Oil Market perform during the forecast period? What will be the market size in terms of value and volume?
  • Which segment will drive the global Marine Oil Market? Which regional market will show extensive growth in the future? What are the reasons?
  • How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
  • What are the key strategies adopted by players to sustain themselves in the global Marine Oil Market?
  • How will these strategies influence the market growth and competition?

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Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
  • EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
  • Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

 

Get More Insights –http://www.globenewswire.com/en/news-release/2018/02/09/1338424/0/en/6-Key-Takeaways-from-Fact-MR-s-Report-on-Plant-Hydrocolloid-Market-for-Forecast-Period-2017-2026.html

 

The Report Covers Exhaustive Analysis On:

  • Market Segments
  • Market Dynamics
  • Market Size & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Product Launches to Enhance Market Resiliency

Key players in the marine oil market are China Fishery Group, Austral Group, Clover Corp, Arbee, Mukka Sea Foods Industries Limited., GC Rieber, Cellana Inc., Pesquera Diamante, Pesquera Hayduk, TASA, Solutex, Pharma Marine, Triple Nine, Evonik Industries, Olvea Group, Nissui Group, and others. Some of the key developments in the market include:

  • In 2018, Evonik Industries collaborated with DSM to establish a new joint venture called Vermaris, to manufacture algal oil.
  • Arbee Fish Oil formulated its skin care moisturizers with minute compositions of fish oil-inherit skin hydrating properties.
  • In 2019, Nissui Group, in collaboration with NEC Corporation, developed an AI-based technology for monitoring yellowtail growth. This technology is important to manage feed used and proportional growth.
  • In 2020, GC Riebrer entered into collaboration with Haukeland University Hospital to carry out investigation on supplements based on omega 3 to reduce inflammatory arthritis.

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