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2024 Fish Oil Alternatives Market Report : Market Size, Growth Drivers, And Key Trends | Cargill Inc., Archer Daniels Midland Company (ADM), BASF SE, Wilmar International, CHS Inc
Fish Oil Alternatives Global Market Report 2024
As per the report, the fish oil alternatives market size has grown strongly in recent years. It will grow from $2.49 billion in 2023 to $2.68 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The fish oil alternatives market size is expected to see strong growth in the next few years. It will grow to $3.62 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
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What Is Driving The Growth Of The Global Fish Oil Alternatives Market?
Growing Popularity Of Vegan Food Propelling The Growth Of Fish Oil Alternatives Market
The growing popularity of vegan food is expected to propel the growth of the fish oil alternatives market going forward. The popularity of vegan food is increasing due to growing health consciousness, environmental concerns, and ethical considerations regarding animal welfare. Fish oil alternatives in vegan food, such as algae oil and flaxseed oil, provide essential omega-3 fatty acids without relying on animal sources. These alternatives support cardiovascular health and are environmentally sustainable options for vegans.
What Is The Key Trend In The Global Fish Oil Alternatives Market?
Innovative Plant-Based Omega Supplements Drive Growth In The Fish Oil Alternatives Market
Major companies operating in the fish oil alternatives market are increasing their focus on launching innovative products such as plant-based supplements to provide omega-3 fatty acids without the environmental impact associated with fish oil. A plant-based supplement is a dietary product derived from plants that provides essential nutrients, including plant-based fatty acids omega-3s, which are crucial for maintaining overall health and well-being.
How Is The Global Fish Oil Alternatives Market Segmented?
The fish oil alternatives market covered in this report is segmented -
1) By Product Type: Chia Seed Oil, Soybean Oil, Canola Oil, Hemp Seed Oil, Algae Oil, Walnut Oil, Flaxseed Oil, Other Product Types
2) By Species: Anchovy, Cod Liver, Menhaden, Tuna, Sardine, Salmon, Other Species
3) By Application: Food And Beverage Industry, Cosmetics And Personal Care, Animal Feed, Pet Food Additive, Pharmaceuticals, Nutraceuticals, Bio Fuels, Other Applications
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How Is The Competitive Landscape Of The Global Fish Oil Alternatives Market?
Major companies operating in the fish oil alternatives market are Cargill Inc., Archer Daniels Midland Company (ADM), BASF SE, Wilmar International, CHS Inc., Dupont De Nemours, Koninklijke DSM N.V., Croda International, Corbion, Pelagia AS, Omega Protein Corporation, Olvea Group, Connoils LLC, Sonic Biochem, TerraVia Holdings, Bioway Organic Group Limited, Veramaris, AlgiSys BioSciences Inc., GC Rieber Oils, Medix Laboratoires
Contents Of The Global Fish Oil Alternatives Market
1. Executive Summary
2. Fish Oil Alternatives Market Report Structure
3. Fish Oil Alternatives Market Trends And Strategies
4. Fish Oil Alternatives Market - Macro Economic Scenario
5. Fish Oil Alternatives Market Size And Growth
…..
27. Fish Oil Alternatives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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