Asia Pacific Fish Oil Market

Asia Pacific fish oil market in Asia Pacific is expected to grow from US$ 726.25 million in 2021 to US$ 1,061.55 million by 2028; it is estimated to grow at a CAGR of 5.6% 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 Asian economies have been hit hard due to the COVID-19 pandemic. The emergence of new COVID-19 waves in India, Thailand, and other Asian economies has prolonged the effect of pandemics upon GDP. The ongoing COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries of Asia-Pacific. However, the uncertainty regarding the future outbreak, especially in countries such as India and a few other Asian countries, has altered the status of several industrial sectors. The governments of various Asia-Pacific economies are taking possible steps to restrict the spread of the virus by announcing country-wide lockdowns, which directly impact the growth of industrial sectors. However, the market is expected to witness an increase in investment by players to tap the prevailing opportunities and cater to the expanding demand for fish oil in post-pandemic times.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific fish oil market. The Asia Pacific fish oil market is expected to grow at a good CAGR during the forecast period.

 Asia Pacific Fish Oil Market Revenue and Forecast to 2028(US$ Million)

Asia Pacific Fish Oil Market Segmentation

By Species Type

• Blue Whiting
• Anchoveta
• Sardine
• Capelin
• Others

By End User

• Pharmaceuticals
• Animal Nutrition and Pet Food
• Aquaculture
• Dietary Supplements
• Others

By Country

•  Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific

Companies Mentioned -

• TRIPLENINE                
• FF SKAGEN A/S                 
• DSM                     
• CRODA INTERNATIONAL PLC
• BASF SE                            

Asia Pacific Fish Oil Strategic Insights

Strategic insights for the Asia Pacific Fish Oil provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Fish Oil Report Scope

Asia Pacific Fish Oil Regional Insights

The geographic scope of the Asia Pacific Fish Oil refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.