
Middle East and Africa Fish Oil Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Species Type (Blue Whiting, Anchoveta, Sardine, Capelin, and Others), Application (Pharmaceuticals, Animal Nutrition and Pet Food, Aquaculture, Dietary Supp
Description
Middle East and Africa Fish Oil Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Species Type (Blue Whiting, Anchoveta, Sardine, Capelin, and Others), Application (Pharmaceuticals, Animal Nutrition and Pet Food, Aquaculture, Dietary Supplements, and Others)
Middle East and Africa fish oil market in Middle East and Africa is expected to grow from US$ 106.36 million in 2021 to US$ 131.90 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2021 to 2028. Demand for fish oil is increasing in the cosmetic industry, wherein it is used in cream and ointments, among others. It is used in the production of emollients or general ointments for external use, and body art procedures for insulation against cold temperatures. At present, the most generally available dietary source of the Eicosapentaenoic (EPA) and Docosahexaenoic (DHA) is cold-water oily fishes, such as salmon, herring, mackerel, anchovies, and sardines. Oils extracted from these fish have around seven times more omega-3 oils than the oil from other fish species. The rising importance of improving immunity during the COVID-19 pandemic is further contributing to the fish oil market growth. Sedentary lifestyles, work-from-home culture, and low physical activity levels, particularly between the age group of 30-40 are expected to boost the demand for fish oil in the coming years. In addition, increasing consumer willingness to spend more on healthcare and wellbeing is further supporting the fish oil market growth.
The Middle East and Africa fish oil market is segmented on the basis of species type, application, and country. Based on species type, the market is segmented into blue whiting, anchoveta, sardine, capelin, and others. In 2021, the blue whiting segment accounted for the largest market share. However, the sardine segment is expected to register the highest CAGR during the forecast period. Blue whiting is a fish species of the cod family, which is widespread and common in Northeast Atlantic. Blue whiting fish oil is a potential source of omega-3 fatty acids. With the rising adoption of healthy lifestyle, the demand for fish oil is also expected to increase in the coming years.
In the Middle East & Africa, South Africa and Israel are among the major countries with a high number of COVID-19 confirmed cases and deaths. The region comprises many growing economies that are prospective markets for fish oil vendors.
The overall Middle East & Africa fish oil market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Middle East & Africa fish oil market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Middle East & Africa fish oil market. Mergers and acquisitions, and market initiatives are a few of the major activities undertaken by the companies, which have promoted the market growth. Companies operating in the market are TRIPLENINE, FF SKAGEN A/S, DSM, CRODA INTERNATIONAL PLC, and BASF SE.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East and Africa fish oil market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in Middle East and Africa fish oil market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Middle East and Africa fish oil market in Middle East and Africa is expected to grow from US$ 106.36 million in 2021 to US$ 131.90 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2021 to 2028. Demand for fish oil is increasing in the cosmetic industry, wherein it is used in cream and ointments, among others. It is used in the production of emollients or general ointments for external use, and body art procedures for insulation against cold temperatures. At present, the most generally available dietary source of the Eicosapentaenoic (EPA) and Docosahexaenoic (DHA) is cold-water oily fishes, such as salmon, herring, mackerel, anchovies, and sardines. Oils extracted from these fish have around seven times more omega-3 oils than the oil from other fish species. The rising importance of improving immunity during the COVID-19 pandemic is further contributing to the fish oil market growth. Sedentary lifestyles, work-from-home culture, and low physical activity levels, particularly between the age group of 30-40 are expected to boost the demand for fish oil in the coming years. In addition, increasing consumer willingness to spend more on healthcare and wellbeing is further supporting the fish oil market growth.
The Middle East and Africa fish oil market is segmented on the basis of species type, application, and country. Based on species type, the market is segmented into blue whiting, anchoveta, sardine, capelin, and others. In 2021, the blue whiting segment accounted for the largest market share. However, the sardine segment is expected to register the highest CAGR during the forecast period. Blue whiting is a fish species of the cod family, which is widespread and common in Northeast Atlantic. Blue whiting fish oil is a potential source of omega-3 fatty acids. With the rising adoption of healthy lifestyle, the demand for fish oil is also expected to increase in the coming years.
In the Middle East & Africa, South Africa and Israel are among the major countries with a high number of COVID-19 confirmed cases and deaths. The region comprises many growing economies that are prospective markets for fish oil vendors.
The overall Middle East & Africa fish oil market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Middle East & Africa fish oil market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Middle East & Africa fish oil market. Mergers and acquisitions, and market initiatives are a few of the major activities undertaken by the companies, which have promoted the market growth. Companies operating in the market are TRIPLENINE, FF SKAGEN A/S, DSM, CRODA INTERNATIONAL PLC, and BASF SE.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East and Africa fish oil market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in Middle East and Africa fish oil market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Table of Contents
88 Pages
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Scope of the Study
- 3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis Formulation:
- 3.2.4 Macro-economic Factor Analysis:
- 3.2.5 Developing Base Number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country Level Data:
- 4. Middle East and Africa Fish Oil Market Landscape
- 4.1 Market Overview
- 4.2 Ecosystem Analysis
- 4.2.1 Raw Material:
- 4.2.2 Manufacturing/Process:
- 4.2.3 Application:
- 4.3 Porter’s Five Forces Analysis
- 4.3.1 Threats of New Entrants
- 4.3.2 Bargaining Power of Suppliers:
- 4.3.3 Bargaining Power of Buyers:
- 4.3.4 Competitive Rivalry:
- 4.3.5 Threat of Substitutes:
- 4.4 Expert Opinion
- 5. Middle East and Africa Fish Oil Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Various health benefits associated with fish oil
- 5.1.2 Wide range of applications of fish oil in different industries
- 5.2 Market Restraints
- 5.2.1 Adverse Climatic Conditions along with ecological risk
- 5.3 Market Opportunities
- 5.3.1 Opportunities of fish oil in dietary supplements
- 5.4 Future Trends
- 5.4.1 Growing awareness of omega 3
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Middle East and Africa Fish Oil - Country Market Analysis
- 6.1 Middle East and Africa Fish Oil Market Overview
- 6.2 Middle East and Africa Fish Oil Market -Revenue and Forecast to 2028 (US$ Million)
- 7. Middle East and Africa Fish Oil Market Analysis - By Species Type
- 7.1 Overview
- 7.2 Middle East and Africa Fish Oil Market, By Species Type (2020 and 2028)
- 7.3 Blue Whiting
- 7.3.1 Overview
- 7.3.2 Blue Whiting: Middle East and Africa Fish Oil Market - Revenue, and Forecast to 2028 (US$ Million)
- 7.4 Anchoveta
- 7.4.1 Overview
- 7.4.2 Anchoveta: Middle East and Africa Fish Oil Market - Revenue, and Forecast to 2028 (US$ Million)
- 7.5 Sardine
- 7.5.1 Overview
- 7.5.2 Sardine: Middle East and Africa Fish Oil Market - Revenue, and Forecast to 2028 (US$ Million)
- 7.6 Capelin
- 7.6.1 Overview
- 7.6.2 Capelin: Middle East and Africa Fish Oil Market - Revenue, and Forecast to 2028 (US$ Million)
- 7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: Middle East and Africa Fish Oil Market - Revenue, and Forecast to 2028 (US$ Million)
- 8. Middle East and Africa Fish Oil Market Analysis - By Application
- 8.1 Overview
- 8.2 Middle East and Africa Fish Oil Market, By Application (2020 and 2028)
- 8.3 Pharmaceuticals
- 8.3.1 Overview
- 8.3.2 Pharmaceuticals: Fish Oils Market - Revenue and Forecast to 2028 (US$ Million)
- 8.4 Animal Nutrition and Pet Food
- 8.4.1 Overview
- 8.4.2 Animal Nutrition and Pet Food: Fish Oils Market - Revenue and Forecast To 2028 (US$ Million)
- 8.5 Aquaculture
- 8.5.1 Overview
- 8.5.2 Aquaculture: Fish Oils Market - Revenue and Forecast To 2028 (US$ Million)
- 9. Middle East and Africa Fish Oil Market - Country Analysis
- 9.1 Overview
- 9.2 Middle East and Africa: Middle East and Africa Fish Oil Market
- 9.2.1 Middle East and Africa: Middle East and Africa Fish Oil Market -Revenue and Forecast to 2028 (US$ Million)
- 9.2.1.1 South Africa: Middle East and Africa Fish Oil Market -Revenue and Forecast to 2028 (US$ Million)
- 9.2.1.1.1 South Africa: Middle East and Africa Fish Oil Market, by Species Type
- 9.2.1.1.2 South Africa: Middle East and Africa Fish Oil Market, by Application
- 9.2.1.2 Saudi Arabia: Middle East and Africa Fish Oil Market -Revenue and Forecast to 2028 (US$ Million)
- 9.2.1.2.1 Saudi Arabia: Middle East and Africa Fish Oil Market, by Species Type
- 9.2.1.2.2 Saudi Arabia: Middle East and Africa Fish Oil Market, by Application
- 9.2.1.3 UAE: Middle East and Africa Fish Oil Market -Revenue and Forecast to 2028 (US$ Million)
- 9.2.1.3.1 UAE: Middle East and Africa Fish Oil Market, by Species Type
- 9.2.1.3.2 UAE: Middle East and Africa Fish Oil Market, by Application
- 9.2.1.4 Rest of the Middle East & Africa: Middle East and Africa Fish Oil Market -Revenue and Forecast to 2028 (US$ Million)
- 9.2.1.4.1 Rest of the Middle East & Africa: Middle East and Africa Fish Oil Market, by Species Type
- 9.2.1.4.2 Rest of the Middle East & Africa: Middle East and Africa Fish Oil Market, by Application
- 10. Impact of COVID-19 Pandemic on Middle East and Africa Fish Oil Market
- 10.1 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
- 11. Company Profiles
- 11.1 TRIPLENINE
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 FF SKAGEN A/S
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 DSM
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 CRODA INTERNATIONAL PLC
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 BASF SE
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary of Terms
- list of Tables
- Table 1. Middle East and Africa Fish Oil Market, by Species Type - Revenue and Forecast to 2028 (USD Million)
- Table 2. Middle East and Africa Fish Oil Market, by Application - Revenue and Forecast to 2028 (USD Million)
- Table 3. Middle East and Africa Fish Oil Market, by Country - Revenue and Forecast to 2028 (USD Million)
- Table 4. South Africa Middle East and Africa Fish Oil Market, by Species Type - Revenue and Forecast to 2028 (USD Million)
- Table 5. South Africa Middle East and Africa Fish Oil Market, by Application - Revenue and Forecast to 2028 (USD Million)
- Table 6. Saudi Arabia Middle East and Africa Fish Oil Market, by Species Type - Revenue and Forecast to 2028 (USD Million)
- Table 7. Saudi Arabia Middle East and Africa Fish Oil Market, by Application - Revenue and Forecast to 2028 (USD Million)
- Table 8. UAE Middle East and Africa Fish Oil Market, by Species Type - Revenue and Forecast to 2028 (USD Million)
- Table 9. UAE Middle East and Africa Fish Oil Market, by Application - Revenue and Forecast to 2028 (USD Million)
- Table 10. Rest of Middle East and Africa Fish Oil Market, by Species Type - Revenue and Forecast to 2028 (USD Million)
- Table 11. Rest of Middle East and Africa Fish Oil Market, by Application - Revenue and Forecast to 2028 (USD Million)
- Table 12. Glossary of Terms, Middle East and Africa Fish Oil Market
- List of Figures
- Figure 1. Middle East and Africa Fish Oil Market Segmentation
- Figure 2. Middle East and Africa Fish Oil Market Overview
- Figure 3. Middle East and Africa Fish Oil Market, By Species Type
- Figure 4. Middle East and Africa Fish Oil Market, By Country
- Figure 5. Middle East and Africa Fish Oil Market, Ecosystem
- Figure 6. Expert Opinion
- Figure 7. Middle East and Africa Fish Oil Market Impact Analysis of Drivers and Restraints
- Figure 8. Country Overview of Middle East and Africa Fish Oil Market
- Figure 9. Middle East and Africa Fish Oil Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 10. Middle East and Africa Fish Oil Market Revenue Share, by Species Type (2020 and 2028)
- Figure 11. Blue Whiting: Middle East and Africa Fish Oil Market - Revenue, and Forecast to 2028 (US$ Million)
- Figure 12. Anchoveta: Middle East and Africa Fish Oil Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 13. Sardine: Middle East and Africa Fish Oil Market - Revenue, and Forecast to 2028 (US$ Million)
- Figure 14. Capelin: Middle East and Africa Fish Oil Market - Revenue, and Forecast to 2028 (US$ Million)
- Figure 15. Others: Middle East and Africa Fish Oil Market - Revenue, and Forecast to 2028 (US$ Million)
- Figure 16. Middle East and Africa Fish Oil Market Revenue Share, by Application (2020 and 2028)
- Figure 17. Pharmaceuticals: Middle East and Africa Fish Oil Market - Revenue, and Forecast to 2028 (US$ Million)
- Figure 18. Animal Nutrition and Pet Food: Middle East and Africa Fish Oil Market - Revenue, and Forecast to 2028 (US$ Million)
- Figure 19. Aquaculture: Middle East and Africa Fish Oil Market - Revenue, and Forecast to 2028 (US$ Million)
- Figure 20. Middle East and Africa Fish Oil Market Revenue Share, by Region (2021 and 2028)
- Figure 21. Middle East and Africa: Middle East and Africa Fish Oil Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 22. South Africa: Middle East and Africa Fish Oil Market -Revenue and Forecast to 2028 (US$ Million)
- Figure 23. Saudi Arabia: Middle East and Africa Fish Oil Market -Revenue and Forecast to 2028 (US$ Million)
- Figure 24. UAE: Middle East and Africa Fish Oil Market -Revenue and Forecast to 2028 (US$ Million)
- Figure 25. Rest of the Middle East & Africa: Middle East and Africa Fish Oil Market -Revenue and Forecast to 2028 (US$ Million)
- Figure 26. Impact of COVID-19 Pandemic in the Middle East and Africa Country Markets
Pricing
Currency Rates
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