Marine Ingredients Market Drivers, Trends, and Forecast by 2031

MARKET INTRODUCTION

Marine ingredients are extracted from various types of marine species. These species are inhabitants of water bodies such as a lake, river-sea, pond, and ocean. The marine ingredients are extracted from species such as krill, algae, fishes, and squid. These ingredients are highly rich in nutrition are obtained by a variety of fishes such as salmon, hoki, tuna, cod, trout, sandeel, jack mackerel, herring, and others. Marine ingredients are nutritious ingredients that are intended for animal and human consumption. These ingredients consist of marine proteins, marine peptides, marine collagen, fish meal, fish oil, and fishbone.

MARKET DYNAMICS

The marine ingredients market has witnessed a significant growth owing to factors such as increasing demand from the food and beverage and animal feed application. Moreover, increasing demand from the cosmetic industry is projected to provide a huge market opportunity for key players operating in the market. However, fluctuation in the availability of raw material is projected to hamper the market growth over the forecast period.

MARKET SCOPE

The "Global Marine Ingredients Market Analysis to 2031" is a specialized and in-depth study of the Food and Beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the marine ingredients market with detailed market segmentation by product, form, ingredient, end use and geography. The global marine ingredients market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading marine ingredients market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global marine ingredients market is segmented on the basis of product , form, ingredient and end use. On the basis of product, the marine ingredients market is segmented into fish meal, fish oil, and others. The marine ingredients market on the basis of the form is classified into powder and liquid. Similarly, on the basis of ingredient the marine ingredients market is bifurcated into protein, fatty acids, and others. Based on end use the global marine ingredients market is divided into animal feed, food & beverages, pharmaceuticals, cosmetics & personal care, and other.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global marine ingredients market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The marine ingredients market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the marine ingredients market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the marine ingredients market in these regions.

MARKET PLAYERS

The reports cover key developments in the marine ingredients market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from marine ingredients market are anticipated to lucrative growth opportunities in the future with the rising demand for Marine ingredients in the global market. Below mentioned is the list of few companies engaged in the Marine ingredients market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the marine ingredients market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Alaska Protein Recovery
•  Bio-marine Ingredients Ireland Ltd.
•  BioOregon Protein
•  Cargill, Incorporated
•  Copalis
•  Hofseth BioCare
•  KD Nutra
•  Scanbio Marine Group
•  Sopropeche
•  Symrise

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Marine Ingredients Report Scope