Top Companies in Fish Oil/Omega 3 Market | In-depth analysis, Statistics, Strategies by VMR
The Fish Oil market is expected to witness highest growth during the forecast period owing to the rising demand for Fish Oil by the older population with the considerable growth of the aquaculture industry.
Coralia.Joe
Upcoming Trends in Fish Oil Market
The Global Fish Oil market is valued at USD 11,984.91 Million in 2021 and is projected to reach a value of USD 17,487.62 Million by 2028 at a Compound Annual Growth Rate (CAGR) of 6.5% over the forecast period. In recent years, the global market for Fish Oil is growing rapidly with a large turnover. Fish oil supplements represent a significant part of this turnover as they are believed to have important health benefits. Omega-3 fatty acids are considered to be the most important factor for better health conditions. Also, Omega -3 acid is majorly used in the segments of aquaculture, animal nutrition & pet feed, supplements & functional food and pharmaceuticals, and others. Moreover, fish oil has proven to be a good solution for the cardiovascular system and also plays a major role in the proper functioning of the nervous system. The growing awareness among medical professionals and the public about the importance of omega-3 fatty acids has led to a significant increase in fish oil consumption.
As the global population is rising the demand for food is also rising simultaneously. To supply nutrition to help end global hunger, aquaculture is a key method of food production, and world aquaculture production is rapidly growing. Fish oil supplements represent a significant part of this turnover as they are believed to have important health benefits. It is widely recognized that fish consumption prevents cardiovascular diseases and acts positively against other important pathologies. This is due to the composition of fatty acids rich in omega-3, also known as n-3 fatty acids or n-3 long-chain polyunsaturated fatty acids (n-3 LC-PUFA), with eicosatetraenoic (EPA) and docosahexaenoic acid (DHA) as the major representatives. Thus, fish oil is expected to generate huge revenue for the aquaculture sector and help the market to flourish in the coming years.
Some of the key players operating in the Fish Oil Market are listed below:
|
Company Name |
Revenue in USD |
|
$390 Million |
|
$4 Billion |
|
$214 Million |
|
$309 Million |
|
$5 Million |
|
$5 Million |
|
$63 Million |
|
$494 Million |
|
$6 Million |
|
$7 Million |
Omega Protein Corporation was a publicly traded US company, founded in 1913 as a fishing operation. As of 2015 it still operated a fishing fleet and produced food ingredients, dietary supplements, and animal feed. Their products included fish oil, fish meal, and proteins. The company is a privately held organization consisting of 1500 employees
FMC Corporation is an American chemical manufacturing company headquartered in Philadelphia, Pennsylvania, which originated as an insecticide producer in 1883 and later diversified into other industries. The company is listed as FMC (NYSE) on New York Stock Exchange. In 2017, the company had 6,700 employees working. In 2020, the company generated revenue of USD 1.19 billion.
The company is the leading fishing company in Peru, dedicated to the extraction, processing, and production of fishmeal and fish oil. They are committed to sustainable development, ensuring responsible fishing of the resource and carrying out projects of social and environmental responsibility, contributing to the growth of the country and generating value for all stakeholders. The company’s products enjoy the best quality using anchovy as raw material, a rich source of protein, and omega 3 polyunsaturated fatty acids such as EPA and DHA.
The company is a privately held organization and is responsible for ensuring efficient management of the capture systems for the supply of the processing plants together with the processing management with high-quality standards of each of the plants. This involves the fleet and plant areas with the control and management of production and storage of finished products for their commercialization and dispatches to world markets, under Operational Excellence standards. In each Base (cities) the company has maintained responsibilities that have increased in complexity regarding the staffing and scope of the operations that are responsible for managing the staffing (own workers and contractors), permanent relationship with unions, purchase and supply artisan for the Plants of the three Regions.
The company is a privately held organization specialized in the fish oil industry. The company offers one of the leading Peruvian crude fish oil exporters, as well as a producer of semi-refined, fully refined, and concentrated fish oils with a high level of Omega-3 fatty acids. They supply fully refined and concentrated fish oils for dietary supplements and the food industry, as well as refined fish oils for the production of pet food and balanced animal feed. COLPEX has two facilities in the ports of Supe and Chimbote. These strategic locations along the Peruvian coast ensure direct access and the best selection of raw materials.
The company is present globally. TripleNine has production facilities in Denmark, Norway, and Chile. The products are sold worldwide and a team of 200+ professionals contributes to the constant development of high-quality products. The company was founded in 1948
FF Skagen A/S is one of the largest producers of fishmeal and fish oil in the world, exporting to over 60 countries worldwide. We are certified for quality, environment, energy, sustainability, and feed safety and the company has over 50 years of experience in the processing of feed supplements for the breeding of animals and fish. FF Skagen A/S is owned by the “FF Skagen Foundation”, mainly owned by fishermen and the fishing industry. The group’s factories are located at the ports of Skagen and Hanstholm with the sea as its nearest neighbor. The company has 130 employees that transform approx. 500K tones of fresh fish into 170K tons of fishmeal and fish oil annually.
Pesquera Diamante S.A. is a Latin American company located in Peru. The company is a privately held organization that manufacturers fish oil and other products. The company was founded in 1987.
Marvesa is a client-driven trading and distribution organization founded in 2000 in the markets of pharma, nutrition, feed, and food with fish- and vegetable oils solutions. Marvesa is dedicated to its distribution and producers network. Marvesa prides itself on being able to tailor products to meet both market and individual customer requirements. The company’s culture and expertise are conducive to building long-term relationships and helping clients develop their competitive advantage in chosen markets.
Pesquera Exalmar S.A.A. is a leading company in the fishing sector. With 29 years of experience, it participates in the capture, processing, and marketing of quality marine products with high protein value. Currently, it has a 17% share in the industry, which positions it as the third company in fishmeal and fish oil processing, in a country that has established itself as the leading producer and exporter of these products worldwide.
Get a Free Sample Here: https://www.vantagemarketresearch.com/fish-oil-market-1434/request-sample
For More Information about each of these companies.
Vantage Market Research Report comes up with a detailed analysis of each major player in the industry. The Study provides Global market size & share, Emerging trends, an in-depth analysis of key players, Development opportunities, Sales, and a Revenue Forecast.
