Fish Oil Alternatives Market Research Report Released With Growth, Latest Trends & Forecasts Till 2032

The fish oil alternatives market valuation is anticipated to exceed USD 3.5 billion by 2032, as reported in a research study by Global Market Insights Inc.

Fish oil alternatives market from the soybean oil product segment will grow at 4% CAGR between 2023 and 2032, due to the high prevalence of sleep disorders among older adults. Based on statistics from the Sleep Foundation, almost 30% to 48% of older adults experience insomnia. This is predicted to contribute to the development of soybean oils, given the product’s ability to improve sleep quality on account of its magnesium content. The growing burden of chronic diseases and the emergence of health and nutritional oil consumption is a prominent trend stimulating soybean oil production.

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Based on product, the canola oil segment is anticipated to depict 5% CAGR through 2032. Canola oil is used widely in food preparation owing to its high monounsaturated fat content. Besides, the rising inclination towards consumption of healthy ingredients will support the demand for canola oil in the future.

By application, the cosmetics and personal care segment will be valued at USD 660 million by 2032. The growth will be attributed to the rising use of vegetable oils in skincare and haircare products owing to the high content of polyunsaturated fatty acids, vitamin A, vitamin D, vitamin E, and other nutrients. In skincare, canola oil offers superior hydration and is deemed to be a rich source of antioxidants for personal care products such as soaps, lotions, creams, body washes, and more. It also boasts of moisturizing abilities to nourish and moisturize skin.

Considering the distribution channel, the B2B segment is anticipated to exhibit 4.5% CAGR through 2032. An increasing demand for food products by consumers is speculated to result in high demand for vegetable oils from the fish oil alternatives market. Besides, its rising application in the feed industry is also slated to increase the adoption of fish oil alternatives by animal feed manufacturers.

Regionally, the Asia Pacific fish oil alternatives market will be valued at around USD 1.3 billion by 2032. Expanding medical & pharmaceutical, cosmetic, food & beverages, and cattle & poultry farming industries are expected to contribute to the growing product penetration. Besides, the rising spending on food and other services will also accelerate the product demand the region. Currently, the region has several restaurants from large chains that are estimated to grow in the future. In the coming years, the demand for healthy food products will also rise subsequently, thus positively supplementing the market growth.

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Prominent industry players include in the fish oil alternatives market include BURCON, Cargill Inc., Archer-Daniels-Midland Company (ADM), Dupont, Wilmar International, CHS Inc., Farbest Brands, Sonic Biochem, Prinova Group LLC, Medix Laboratories, Bioway, and Batory Foods. Mergers and acquisitions, new product launches, collaborations, and business expansions are among the prominent strategies being employed by these companies to gain a competitive advantage over rivals in the market.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Fish Oil Alternatives Market 3600 synopsis, 2022 – 2028

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Application trends

2.1.4    Distribution Channel trends

2.1.5    Regional trends

Chapter 3   Fish Oil Alternatives Market Insights

3.1    Introduction

3.2    Impact analysis of the COVID-19 pandemic

3.3    Industry ecosystem analysis

3.3.1    Vendor matrix

3.3.2    Key manufacturers & distributors

3.3.3    Distribution channel analysis

3.3.4    COVID-19 impact on fish oil alternatives market value chain

3.4    Technology landscape

3.4.1    Biodiesel processing from algal oil

3.4.2    Nutritional profiles of fish oil alternatives    Properties of fish oil alternatives    Properties of common cooking fish oil alternatives (per 100 g)    Nutritional value of chia seeds    Chemical composition of nutrient and phytochemicals in flaxseed    Biological/functional properties of flaxseed proteins    Fatty acid profile of chia seeds Vs flaxseed (%)

3.5    Raw material analysis

3.6    Regulatory landscape

3.6.1    North America    Regulations by the U.S. Food and Drug Administration on Nutrition products    Food Safety Modernization Act (FSMA)    AAFCO Guidelines on Hemp in Animal Food

3.6.2    Europe    Regulation (EC) No 183/2005 Of the European Parliament and Of the Council

3.6.3    China    Regulation on the Administration of Feed and Feed Additives

3.6.4    India    Harmonized System Nomenclature

3.6.5    Middle East & Africa    Fertilizers, Farm Feeds, Agricultural Remedies and stock Remedies Act, 1947 (Act No. 36 Of 1947) – South Africa    Food and Agricultural Import Regulations and Standards – United Arab Emirates

3.7    Pricing analysis

3.7.1    Regional Pricing    North America fish oil alternatives prices, by product (USD/kg)    Asia Pacific fish oil alternatives prices, by product (USD/kg)    Latin America fish oil alternatives prices, by product (USD/kg)    Middle East & Africa fish oil alternatives prices, by product (USD/kg)

3.7.2    Cost structure analysis, 2022    R&D cost    Manufacturing & equipment cost    Raw material cost    Distribution cost    Operating cost    Miscellaneous Cost

3.7.3    COVID-19 & Russia-Ukraine war impact on pricing

3.8    Industry impact forces

3.8.1    Growth drivers    Growing demand for plant-based food ingredients

3.8.2    Use of natural ingredients in skincare and cosmetics will fuel vegetable oil market demand    Increasing demand for natural ingredients in animal feed products

3.8.3    Industry pitfalls & challenges    Increasing cost of vegetable oils

3.9    Innovation & Sustainability

3.10    Growth potential analysis, 2022

3.10.1    Emerging business model    Acquisition    Product launch

3.11    Porter’s analysis

3.11.1    Industry rivalry

3.11.2    Bargaining power of suppliers

3.11.3    Bargaining power of buyers

3.11.4    Threat of new entrants

3.11.5    Threat of substitutes

3.12    PESTEL Analysis

3.13    COVID-19 impact on vegetable oils demand, by application

3.13.1    Food & beverage

3.13.2    Cosmetics

3.13.3    Animal feed

3.13.4    Pharmaceutical

3.13.5    Pet food additives

3.14    Impacts of the Russia-Ukraine war on the fish oil alternatives market

3.15    Patent landscape

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