Press release
Squid Oil Global Market Report 2025: Projections, Drivers, and Trends
Squid Oil Market Share
What Is The Projected Market Size Of The Squid Oil Global Market And Its Growth Rate?
The squid oil market has displayed robust growth recently.
• 2024 Market Size: $4.94 billion
• 2025 Market Size: $5.35 billion (8.2% CAGR)
• 2029 Projected Market Size: $7.16 billion (7.6% CAGR)
Factors such as regulatory influence, sustainability practices, and changes in consumer preferences are crucially contributing to this growth.
What Is Driving The Growth In The Squid Oil Global Market?
The rise in seafood consumption is anticipated to spur the growth of the squid oil market. Seafood, including fish, shrimp, octopuses, and other sea creatures is increasingly perceived as a valuable food source by humans. Squid oil, rich in omega-3 fatty acids and an eco-friendly seafood source, contributes to alleviating rheumatoid arthritis symptoms. In 2024, Fisheries and Oceans Canada reported a significant increase in Snow/Queen Crab consumption, confirming the trend. In light of these development, the increasing seafood consumption is driving the squid oil market growth.
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Who Are the Key Players Driving Squid Oil Global Market Growth?
Prominent companies operating in the squid oil market include:
• King Fish Products Pvt. Ltd.
• Bawa Fishmeal & Oil Co.
• Aksha Fish Meal & Oil Company
• Impextraco NV
• Landbridge Ltd.
• Coastal Group
• Star Fish Exports
• Qingdao Haixingyuan Biotechnology Co. Ltd.
• Tianjin YR Chemspec Technology Co. Ltd.
What Are The Key Trends In The Squid Oil Global Market?
Notable trends in the squid oil market include:
• Increased pharmaceutical and nutraceutical demand
• Emphasis on sustainability practices
• Advancements in research and development
• Alternative to fish oil
What Are The Segments Of The Squid Oil Global Market?
The squid oil market is divided by:
• Culture: Freshwater, Marine, Brackish Water
• Distribution Channel: Online retailers, Health food stores, Specialty Supplement Stores
• Applications: Fertilizers, Aquaculture, Pharmaceutical
Which Region Leads The Squid Oil Market?
Asia-Pacific dominated the squid oil market in 2024. However, Europe is anticipated to emerge as the fastest-growing region in the forthcoming period. The regions studied in the squid oil market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Squid Oil Global Market Report?
- Market Size Analysis: Analyze the Squid Oil Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Squid Oil Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Squid Oil Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Squid Oil Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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