Pharmaceuticals segment has the Largest Share of Application in the Europe Fish Oil Market during 2021–2028
According to The Insight Partners market research study on “Europe Fish Oil Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Species Type, Application and Country” is expected to reach US$ 937.59 million by 2028 from US$ 591.86 million in 2021. The market is estimated to grow at a CAGR of 6.8% from 2021 to 2028.The report provides trends prevailing in the Europe fish oil market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to various health benefits associated with fish oil and wide range of applications of fish oil in different industries are the key factors driving the market growth, however, the market is expected to experience slow growth during the forecast period owing to adverse climatic conditions along with ecological risk.
In Europe, currently, France, the UK, and Russia are the worst-impacted countries by the COVID-19 pandemic. The region is estimated to suffer an economic hit due to the lack of revenue from various industries subjected to disruption in the supply chain. The massive outbreak created a temporary distortion in operation efficiencies of industrial bases in the European market. The market for fish oil has been negatively impacted due to limited operational capabilities due to COVID-19 restrictions. However, the rising demand for fish oil across diverse industrial applications is expected to substantially promote market growth in the region.
The market for Europe Fish Oil Market is segmented into the species type, application and country. Based on species type, the Europe Fish Oil Market is segmented into blue whiting, anchoveta, sardine, capelin, and others. In 2021, blue whiting the segment accounted for the largest market share and however sardine registered the highest CAGR during the forecast period. Europe fish oil market. Blue Whiting. A fish species of the cod family that is widespread and common in the northeast Atlantic. With the rising adoption of healthier lifestyle, the demand for fish oil is also expected to increase in the coming years. Blue whiting fish oil is a potential source of omega-3 fatty acids.
TRIPLENINE, FF SKAGEN A/S, DSM, CRODA INTERNATIONAL PLC, BASF SE, COPLEX INTERNATIONAL S.A.C, PELAGIA AS .The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The market for Europe Fish Oil Market is segmented into type and application. Based on species type, the Europe Fish Oil Market is segmented blue whiting, anchoveta, sardine, capelin, and others. Based on application, the Europe Fish Oil Market is segmented into pharmaceuticals, animal nutrition and pet food, aquaculture, dietary supplements, and others. By Geographically, Europe Fish Oil Market is segmented into (Germany, France, UK, Italy, Russia, and Rest of Europe).
Contact Us
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com