Marine Oil Market: About the Report
Demand for marine oil is generally higher than its supply, and therefore, producers have started to implement strategies to reduce volatility. These initiatives include increasing the usage of algae for production to reduce dependence on wild catch fish, as well as focus on aquaculture. Fact.MR’s report explains in detail that while EMEA and South Asia & Pacific have a strong foothold in the global marine oil market, East Asia is the region where the most lucrative opportunities will be offered for stakeholders. Across the world, refined marine oil is finding more takers, thereby aiding market expansion.
Marine Oil Market Overview
The marine oil market has seen significant volatility in the recent past, owing to multiple factors such as the El-Nino impact as well as fishing quota. The years 2016 and 2017 had a devastating impact on the global marine oil market; however, in the following year, a notable improvement was witnessed. Amid these developments, the global marine oil market is expected to witness an absolute dollar opportunity of US$ 811 Mn from 2020 and 2030.
Marine Oil Market Drivers
Currently, there has been significant rise in aquaculture activities across the globe, thereby increasing demand for marine oil. Use of marine oil at the industrial level is pacing up, as end-use companies are utilizing this oil on different fronts, such as for pharmaceuticals, cosmetics, pet food, and several other uses. Growing demand for healthy food products such as marine oil as a cooking oil, and also as a topping oil for many dishes, since it is one of the best source of long chain fatty acids, will be one of the factors that is fuelling the expansion of the global marine oil market size.
Regional Outlook of Marine Oil Market
The marine oil market has a strong foothold in EMEA and South Asia & Pacific, contributing more than half to the global marine oil market share. These regions have both, backward and forward integration in the marine oil market space, which makes them key regions on a global level. Other regions such as East Asia and North America also have a sizeable market share. These regions witness considerably high consumption of marine oil since they have potential end-use sectors when compared to other regions such as Latin America. Latin America is not a large producer of marine oil; end-use industries in the region are not much established, which results in a slightly low growth rate. The marine oil market in East Asia is expected to deliver the highest growth rate of more than 4% over the forecast period.
For deeper knowledge surrounding the growth prospects of regional markets for marine oil, ask an expert analyst
Marine Oil Market: Competitive Analysis
The global marine oil market is moderately competitive in nature, where, tier-1 players make more than half of the global revenue. Companies operating at the global level, such as China Fishery Group and Nissui Group, have considerably high marine oil market shares. Regional companies also have a strong foothold in their respective regions. Due to high entry barriers and considerably low success ratio in the marine oil market, companies are generally wary before investing in this space. However, algae oil, which is in an introductory phase, has attracted the attention of several producers who are scaling up their production.
For a dashboard view of key players operating in the marine oil market, request a report sample
The Analyst’s Viewpoint
“Companies operating in the marine oil market can optimize their production to reduce costs through backward integration, to make up for the volatility in prices. Raw material procurement, which is still inconsistent, gives rise to a huge demand-supply gap at the global level. Procurement sources for extracting marine oil should be categorized in an organised manner, since climatic events and government regulations can make procurement strenuous.”
COVID-19 Impact on Marine Oil Market
The COVID-19 crisis has had a negative impact on the demand for marine oil in the first quarter of 2020. Lockdowns implemented across various countries in first and second quarters of 2020 have caused significant reduction in demand for marine oil, globally. Additionally, production of marine oil was also affected due to restricted supply of raw materials. However, the marine oil market is expected to gradually come into shape when effects of the pandemic are lessened.
Marine Oil Market – Report Scope
A recent study by Fact.MR on the marine oil market offers 10-year forecast from 2020 to 2030. The study analyzes crucial trends that are currently determining the growth of the marine oil market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of marine oil. The study also provides the dynamics that are expected to influence the future status of the marine oil market over the forecast period.
A detailed assessment of value chain analysis, business executions, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the marine oil market enhances the reliability of this comprehensive research study.
Marine Oil Market: Report Summary
The study offers comprehensive analysis on diverse features, including demand, product developments, policy & regulatory landscape, revenue generation, and sales in the marine oil market across the globe.
A comprehensive price point comparison by region with global average price is also considered in the study.
Marine Oil Market: Segmentation
Fact.MR has studied the marine oil market with detailed segmentation on the basis of type, processing, end use, and region.
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Marine Oil Market: Analysis on Market Size Evaluation
The study provides each market segment in terms of value (US$ Mn) analysis in the marine oil market.
Market estimates at global and regional levels for marine oil are available in terms of “US$ Mn” for value and “’000 MT” in terms of volume. A Y-o-Y growth contrast on prominent marine oil market segments, along with the market attractiveness evaluation have been incorporated in the report. Another key feature of the marine oil market report is the analysis of all key segments in terms of absolute dollar. Absolute dollar opportunity is critical in assessing the level of opportunity that a manufacturer can look to achieve as well as identify potential resources, from the sales and delivery perspectives in the marine oil market.
Marine Oil Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which help deliver projections on regional markets. This chapter includes regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the marine oil market during the forecast period.
Country-specific valuations on demand for marine oil have been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of prominence in regions and countries. Regional market Y-o-Y growth estimates have also incorporated in the report.
Detail breakup in terms of value for emerging countries has also been included in the report.
Marine Oil Market: In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers in the marine oil market, along with their detailed profiles. Essential and up-to-date data related to market players who are principally engaged in the production of marine oil has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit report readers to take preemptive steps in advancing their businesses.
Company profiles have been combined in the marine oil market report, which include essentials such as product portfolios, along with an all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all prominent players, thus providing readers with actionable insights, which help in thoughtfully presenting the market status, and predicting the competition level in the marine oil market. Prominent companies operating in the global marine oil market include 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, and Nissui Group.
1. Executive Summary
1.1. Key Findings
1.1.1. Overall Marine Oil Market
1.1.2. Segment Overview
1.1.3. Regional Overview
1.1.4. Competitor’s Focus
1.2. Summary of Statistics
1.3. Market Characteristics and Attributes
2. Market Overview
2.1. Introduction and Definition
2.2. Research Scope
3. Covid-19 Impact Assessment
3.1. Demand Erosion Assessment for Marine Oil Market
3.2. Marine Oil Market Shrink and Recovery Trend Assessment, by Region
4. Market Background
4.1. Demand Supply Gap Analysis
4.1.1. Does there exist a Demand-Supply Gap in Global Marine Oil Market?
4.1.2. What are Industry Stakeholders’ Initiatives to Breach this Gap?
4.2. Marine Oil Market Ecosystem
4.2.1. Marine Oil Market Production Clusters
4.2.2. Marine Oil Market Import Clusters
4.2.3. Marine Oil Market Export Clusters
4.3. Manufacturing Process Of Marine Oil
4.3.1. Fish Oil Production Process
4.3.2. Algae Oil Production Process
4.4. Cost Structure Analysis
4.4.1. Cost Breakdown of Marine Oil
4.4.1.1. Raw Material
4.4.1.2. Processing
4.4.1.3. R&D
4.4.1.4. Producer Profit
4.5. Value Chain Analysis
4.5.1. List of Suppliers
4.5.2. List of Manufacturers
4.5.3. List of End Users
4.5.4. Profit Margin
4.6. Porter’s Five Forces Analysis
4.6.1. Bargaining Power of Buyers
4.6.2. Bargaining Power of Suppliers
4.6.3. Threat of Substitute Products
4.6.4. Threat of New Entrants
4.6.5. Intensity of Rivalry
4.7. PESTEL Analysis
4.8. Forecast Factors
4.8.1. Government regulations
4.8.2. Plant based substitutes for Fish oil
4.8.3. Expanding industrial uses of marine oil.
4.8.4. Emergence of sustainable aquaculture activities
4.8.5. Surging aqua feed demand
4.8.6. Climatic hindrances
4.8.7. Highly volatile Supply
4.8.8. Role of organizations
4.8.9. Technological advancements in the marine oil
4.8.10. Growing utility of Marine oil in various daily uses.
4.9. Investment Feasibility Assessment
4.9.1. Investment Feasibility for Marine Oil Market Mapped on Product Life Cycle
4.9.2. Analysis of the regions which have high production and high consumption
4.9.3. Analysis of the regions which have high production and low consumption
4.9.4. Analysis of the regions which have low production and moderate to high consumptions
4.10. Market Dynamics
4.10.1. Market Drivers
4.10.1.1. Mounting Demand for Marine Oil in End Use Sectors
4.10.1.2. Consumer Inclination Shifting from Plant-based GM Oil to Algal Oil
4.10.1.3. Rapid Growth in Aquaculture Activities
4.10.1.4. Industry Associations Aiding Market Development
4.10.2. Market Restraints
4.10.2.1. Wildlife Conservation Policies Impacting Raw Material Supply
4.10.2.2. Differences in Opinion Regarding Advantages of Omega 3
4.10.2.3. Low Fishing Quota Coupled with Covid-19 to Impact Marine Oil Prices Globally
4.10.3. Opportunity Windows
4.10.3.1. Inclination in Demand for Cosmetic Products Based on Marine Oil
4.10.3.2. Enhancement in Omega 3 Series to Introduce New Varieties of Ingredients Based on Marine Oils
4.10.3.3. Increasing Utility of Plant-based Marine Oil in Fish Feeding
4.10.4. Key Trends
4.10.4.1. Growing Focus on Algal Marine Oils
4.10.4.2. Increasing Consumer Concern for Pure Omega 3
4.10.4.3. Technological Enhancement in Wild Fisheries
4.11. Trade Analysis
4.11.1. Global Import and Export Analysis
4.11.2. Price Variation Analysis
4.11.3. Climatic Hindrances
5. Pricing Analysis
5.1. Price Point Assessment – Weighted Average Pricing (2020), by Region
5.2. Price Point Assessment – Price Benchmark by Region
5.3. Price Point Assessment – Price Benchmark Processing
6. Global Marine Oil Market Analysis (2015 - 2019) and Forecast (2020 – 2030)
6.1. Market Overview
6.2. Introduction to Market Statistics
6.2.1. Global Marine Oil Market Volume (‘000 MT)
6.2.2. Global Marine Oil Market Value (US$ Mn)
6.2.3. Global Marine Oil Cumulative Historical Market and Absolute $ Opportunity
6.3. Y-o-Y Growth and Incremental Opportunity
6.4. Absolute Dollar Historical Market and Absolute Dollar Opportunity
7. Global Marine Oil Market Analysis (2015 - 2019) and Forecast (2020 – 2030), by Region
7.1. Marine Oil Market Key Findings, by Region
7.2. Absolute $ Opportunity (2020 – 2030)
7.3. Market Share and BPS Analysis
7.4. Y-o-Y Growth Projections
7.5. Market Attractiveness Analysis
7.6. Global Marine Oil Market Regional Market Share Comparison, by Region
8. Global Marine Oil Market Analysis (2015 - 2019) and Forecast (2020 – 2030), by Processing
8.1. Marine Oil Market Key Findings, by Processing
8.2. Absolute $ Opportunity (2020 – 2030)
8.3. Market Share and BPS Analysis
8.4. Y-o-Y Growth Projections
8.5. Market Attractiveness Analysis
8.6. Global Marine Oil Market Regional Market Share Comparison, by Processing.
9. Global Marine Oil Market Analysis (2015 - 2019) and Forecast (2020 – 2030), by Type
9.1. Marine Oil Market Key Findings, by Type
9.2. Absolute $ Opportunity (2020 – 2030)
9.3. Market Share and BPS Analysis
9.4. Y-o-Y Growth Projections
9.5. Market Attractiveness Analysis
9.6. Global Marine Oil Market Regional Market Share Comparison, by Type.
10. Global Marine Oil Market Analysis (2015 - 2019) and Forecast (2020 – 2030), by End Use
10.1. Marine Oil Market Key Findings, by End Use
10.2. Absolute $ Opportunity (2020 – 2030)
10.3. Market Share and BPS Analysis
10.4. Y-o-Y Growth Projections
10.5. Market Attractiveness Analysis
10.6. Global Marine Oil Market Regional Market Share Comparison, by End Use.
11. North America Marine Oil Market Analysis (2015 - 2019) and Forecast (2020 – 2030)
11.1. Market Overview
11.2. Introduction to Market Statistics
11.3. Y-o-Y Growth and Incremental Opportunity
11.4. Absolute Dollar Historical Market and Absolute Dollar Opportunity
11.5. Absolute $ Opportunity (2020 – 2030)
11.5.1. By country
11.5.1.1. US
11.5.1.2. Canada
11.5.2. By processing
11.5.3. By Type
11.5.4. By End Use
11.6. Market Share and BPS Analysis
11.6.1. By country
11.6.1.1. US
11.6.1.2. Canada
11.6.2. By processing
11.6.3. By Type
11.6.4. By End Use
11.7. Y-o-Y Growth Projections
11.7.1. By country
11.7.1.1. US
11.7.1.2. Canada
11.7.2. By processing
11.7.3. By Type
11.7.4. By End Use
11.8. Market Attractiveness Analysis
11.8.1. By country
11.8.1.1. US
11.8.1.2. Canada
11.8.2. By processing
11.8.3. By Type
11.8.4. By End Use
12. EMEA Marine Oil Market Analysis (2015 - 2019) and Forecast (2020 – 2030)
12.1. Market Overview
12.2. Introduction to Market Statistics
12.3. Y-o-Y Growth and Incremental Opportunity
12.4. Absolute Dollar Historical Market and Absolute Dollar Opportunity
12.5. Absolute $ Opportunity (2020 – 2030)
12.5.1. By country
12.5.1.1. Norway
12.5.1.2. Denmark
12.5.1.3. Greece
12.5.1.4. Turkey
12.5.1.5. Rest Of EMEA
12.5.2. By processing
12.5.3. By Type
12.5.4. By End Use
12.6. Market Share and BPS Analysis
12.6.1. By country
12.6.1.1. Norway
12.6.1.2. Denmark
12.6.1.3. Greece
12.6.1.4. Turkey
12.6.1.5. Rest Of EMEA
12.6.2. By processing
12.6.3. By Type
12.6.4. By End Use
12.7. Y-o-Y Growth Projections
12.7.1. By country
12.7.1.1. Norway
12.7.1.2. Denmark
12.7.1.3. Greece
12.7.1.4. Turkey
12.7.1.5. Rest Of EMEA
12.7.2. By processing
12.7.3. By Type
12.7.4. By End Use
12.8. Market Attractiveness Analysis
12.8.1. By country
12.8.1.1. Norway
12.8.1.2. Denmark
12.8.1.3. Greece
12.8.1.4. Turkey
12.8.1.5. Rest Of EMEA
12.8.2. By processing
12.8.3. By Type
12.8.4. By End Use
13. Latin America Marine Oil Market Analysis (2015 - 2019) and Forecast (2020 – 2030)
13.1. Market Overview
13.2. Introduction to Market Statistics
13.3. Y-o-Y Growth and Incremental Opportunity
13.4. Absolute Dollar Historical Market and Absolute Dollar Opportunity
13.5. Absolute $ Opportunity (2020 – 2030)
13.5.1. By country
13.5.1.1. Chile
13.5.1.2. Peru
13.5.1.3. Rest Of Latin America
13.5.2. By processing
13.5.3. By Type
13.5.4. By End Use
13.6. Market Share and BPS Analysis
13.6.1. By country
13.6.1.1. Chile
13.6.1.2. Peru
13.6.1.3. Rest Of Latin America
13.6.2. By processing
13.6.3. By Type
13.6.4. By End Use
13.7. Y-o-Y Growth Projections
13.7.1. By country
13.7.1.1. Chile
13.7.1.2. Peru
13.7.1.3. Rest Of Latin America
13.7.2. By processing
13.7.3. By Type
13.7.4. By End Use
13.8. Market Attractiveness Analysis
13.8.1. By country
13.8.1.1. Chile
13.8.1.2. Peru
13.8.1.3. Rest Of Latin America
13.8.2. By processing
13.8.3. By Type
13.8.4. By End Use
14. South Asia and Pacific Marine Oil Market Analysis (2015 - 2019) and Forecast (2020 – 2030), Introduction
14.1. Market Overview
14.2. Introduction to Market Statistics
14.3. Y-o-Y Growth and Incremental Opportunity
14.4. Absolute Dollar Historical Market and Absolute Dollar Opportunity
14.5. Absolute $ Opportunity (2020 – 2030)
14.5.1. By country
14.5.1.1. Vietnam
14.5.1.2. Australia
14.5.1.3. Rest of South Asia and Pacific
14.5.2. By processing
14.5.3. By Type
14.5.4. By End Use
14.6. Market Share and BPS Analysis
14.6.1. By country
14.6.1.1. Vietnam
14.6.1.2. Australia
14.6.1.3. Rest of South Asia and Pacific
14.6.2. By processing
14.6.3. By Type
14.6.4. By End Use
14.7. Y-o-Y Growth Projections
14.7.1. By country
14.7.1.1. Vietnam
14.7.1.2. Australia
14.7.1.3. Rest of South Asia and Pacific
14.7.2. By processing
14.7.3. By Type
14.7.4. By End Use
14.8. Market Attractiveness Analysis
14.8.1. By country
14.8.1.1. Vietnam
14.8.1.2. Australia
14.8.1.3. Rest of South Asia and Pacific
14.8.2. By processing
14.8.3. By Type
14.8.4. By End Use
15. East Asia Marine Oil Market Analysis (2015 - 2019) and Forecast (2020 – 2030), Introduction
15.1. Market Overview
15.2. Introduction to Market Statistics
15.3. Y-o-Y Growth and Incremental Opportunity
15.4. Absolute Dollar Historical Market and Absolute Dollar Opportunity
15.5. Absolute $ Opportunity (2020 – 2030)
15.5.1. By country
15.5.1.1. China
15.5.1.2. Japan
15.5.1.3. South Korea
15.5.2. By processing
15.5.3. By Type
15.5.4. By End Use
15.6. Market Share and BPS Analysis
15.6.1. By country
15.6.1.1. China
15.6.1.2. Japan
15.6.1.3. South Korea
15.6.2. By processing
15.6.3. By Type
15.6.4. By End Use
15.7. Y-o-Y Growth Projections
15.7.1. By country
15.7.1.1. China
15.7.1.2. Japan
15.7.1.3. South Korea
15.7.2. By processing
15.7.3. By Type
15.7.4. By End Use
15.8. Market Attractiveness Analysis
15.8.1. By country
15.8.1.1. China
15.8.1.2. Japan
15.8.1.3. South Korea
15.8.2. By processing
15.8.3. By Type
15.8.4. By End Use
16. Competition Landscape
16.1. Global Marine Oil Market Competition Dashboard
16.2. Global Marine Oil Market Tier Structure
16.3. Global Marine Oil Market Share Analysis
16.4. Key Players Market Presence, by Region (Geographical Footprint)
17. Competition Analysis
17.1. China Fishery Group Limited
17.1.1. Company Overview
17.1.2. Regional Presence
17.1.3. Product Portfolio
17.1.4. Key Strategies
17.1.5. Notable Company Developments
17.1.6. SWOT Analysis
17.2. Clover Corporation LTD.
17.2.1. Company Overview
17.2.2. Regional Presence
17.2.3. Product Portfolio
17.2.4. Key Strategies
17.2.5. Notable Company Developments
17.2.6. SWOT Analysis
17.3. Mukka Sea Foods Industries LTD.
17.3.1. Company Overview
17.3.2. Regional Presence
17.3.3. Product Portfolio
17.3.4. Key Strategies
17.3.5. Notable Company Developments
17.3.6. SWOT Analysis
17.4. GC Rieber
17.4.1. Company Overview
17.4.2. Regional Presence
17.4.3. Product Portfolio
17.4.4. Key Strategies
17.4.5. Notable Company Developments
17.4.6. SWOT Analysis
17.5. Arbee
17.5.1. Company Overview
17.5.2. Regional Presence
17.5.3. Product Portfolio
17.5.4. Key Strategies
17.5.5. Notable Company Developments
17.5.6. SWOT Analysis
17.6. Austral Group
17.6.1. Company Overview
17.6.2. Regional Presence
17.6.3. Product Portfolio
17.6.4. Key Strategies
17.6.5. Notable Company Developments
17.6.6. SWOT Analysis
17.7. Cellana Inc.
17.7.1. Company Overview
17.7.2. Regional Presence
17.7.3. Product Portfolio
17.7.4. Key Strategies
17.7.5. Notable Company Developments
17.7.6. SWOT Analysis
17.8. Pesquera Diamante
17.8.1. Company Overview
17.8.2. Regional Presence
17.8.3. Product Portfolio
17.8.4. Key Strategies
17.8.5. Notable Company Developments
17.8.6. SWOT Analysis
17.9. Pesquera Hayduk
17.9.1. Company Overview
17.9.2. Regional Presence
17.9.3. Product Portfolio
17.9.4. Key Strategies
17.9.5. Notable Company Developments
17.9.6. SWOT Analysis
17.10. TASA
17.10.1. Company Overview
17.10.2. Regional Presence
17.10.3. Product Portfolio
17.10.4. Key Strategies
17.10.5. Notable Company Developments
17.10.6. SWOT Analysis
17.11. Solutex
17.11.1. Company Overview
17.11.2. Regional Presence
17.11.3. Product Portfolio
17.11.4. Key Strategies
17.11.5. Notable Company Developments
17.11.6. SWOT Analysis
17.12. Evonik Industries
17.12.1. Company Overview
17.12.2. Regional Presence
17.12.3. Product Portfolio
17.12.4. Key Strategies
17.12.5. Notable Company Developments
17.12.6. SWOT Analysis
17.13. Pharma Marine
17.13.1. Company Overview
17.13.2. Regional Presence
17.13.3. Product Portfolio
17.13.4. Key Strategies
17.13.5. Notable Company Developments
17.13.6. SWOT Analysis
17.14. TripleNine
17.14.1. Company Overview
17.14.2. Regional Presence
17.14.3. Product Portfolio
17.14.4. Key Strategies
17.14.5. Notable Company Developments
17.14.6. SWOT Analysis
17.15. Olvea Group
17.15.1. Company Overview
17.15.2. Regional Presence
17.15.3. Product Portfolio
17.15.4. Key Strategies
17.15.5. Notable Company Developments
17.15.6. SWOT Analysis
17.16. Nissui Group
17.16.1. Company Overview
17.16.2. Regional Presence
17.16.3. Product Portfolio
17.16.4. Key Strategies
17.16.5. Notable Company Developments
17.16.6. SWOT Analysis
18. Appendix
19. Definitions of Analytical Frameworks
20. Sources and References
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Marine Oil Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030