Shark Liver Oil Market Size to Hit US$ 209.1 Million by 2028 | Grow CAGR by 6.77%

IMARC Group, a leading market research company, has released a report titled "Shark Liver Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". According to the report, The global shark liver oil market size reached US$ 139.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 209.1 Million by 2028, exhibiting a growth rate (CAGR) of 6.77% during 2023-2028.

Shark liver oil is a natural substance obtained from the livers of certain shark species. It is rich in compounds like squalene and alkylglycerols, known for their potential health benefits. Traditionally, shark liver oil has been used as a remedy for various ailments, including skin conditions and respiratory issues. In contemporary times, may also be included in skincare products for its moisturizing properties. It is known for its high concentration of squalene, a natural organic compound that plays a role in skin hydration and antioxidant protection. As a result, shark liver oil finds extensive applications in supplements and skincare products across the globe.

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Shark Liver Oil Market Trends and Drivers:

The global shark liver oil market is primarily driven by the increasing consumer awareness about health and wellness. This oil is known for its high content of squalene and alkylglycerols, which are believed to offer various health benefits. Moreover, the rising application of shark liver oil in skincare products as consumers seek natural ingredients for moisturizing and antioxidant protection is positively influencing market growth. Apart from this, the escalating product use in treating skin conditions and respiratory issues has accelerated its adoption rate, providing a historical basis for its contemporary applications. Additionally, numerous advancements in extraction and processing technologies that enable the production of higher-quality, more concentrated forms of shark liver oil have catalyzed market growth. Furthermore, the expanding reach of e-commerce platforms that allows easier access for consumers around the globe is contributing to market growth.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Arbee Biomarine Extracts Pvt Ltd
Bawa Fishmeal & Oil Co.
EGAO Co. Ltd.
KISHIMOTO SPECIAL LIVER OIL CO.
Lýsi hf
Norwegian Fish Oil AS.

Explore full report with table of contents: https://www.imarcgroup.com/shark-liver-oil-market

The report has segmented the market on the basis of Product Type, End-User and Region.

Breakup by Type:

Deep Sea Shark
Dogfish
Basking Shark
Others

Breakup by Application:

Food Industry
Textile
Pharmaceuticals
Fuel
Cosmetic and Personal Care
Others

Breakup by Distribution Channel:

Direct Sales
Indirect Sales
Specialty Stores
Pharmaceutical Stores
Online Stores
Others

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.