#Salmon Fish Market segment

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Salmon Fish Market: Global Industry Analysis and Forecast 2023 – 2030

Salmon Fish Market Size Was Valued at USD 16.16 Billion in 2022, and is Projected to Reach USD 31.50 Billion by 2030, Growing at a CAGR of 8.7% From 2023-2030.

Salmon is an oily fish variety belonging to the salmonoid family. Salmon fish is highly rich in protein and provides essential nutrients required for a human body, thus, is considered as functional foods and major driver for salmon fish market.

Various health benefits such as lowering of blood pressure, improving the cells function, calming inflammation and reducing the risk of cancer are the key factors that are most likely to boost the market growth salmon fish globally. The rising consumer inclination from carb-based and high-calorie food products towards protein-rich alternatives helps to boost the market growth.

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The latest research on the Salmon Fish market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Salmon Fish industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Salmon Fish market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

Leading players involved in the Salmon Fish Market include:

Trident Seafoods Corporation (USA), Ocean Beauty Seafoods (USA), Clearwater Seafoods Inc. (Canada), Smoked Salmon Processors Association (Canada), Cooke Aquaculture Inc. (Canada), Ocean Wise (Canada), Mowi ASA (Norway), Leroy Seafood AS (Norway), Akvafarmøy AS (Norway), Marine Harvest ASA (Norway), Grieg Seafood ASA (Norway), SalMar ASA (Norway) 

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Segmentation of Salmon Fish Market:

By Type

Chinook Salmon

Coho Salmon

Pink Salmon

Red Salmon

Silverbrite Salmon

Salmo Salar

By End Product Type

Fresh

Frozen

Canned

By Distribution Channel

Retail Stores

Supermarkets/ Hypermarkets

Online Sales Channel

By Regions

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

What to Expect in Our Report?

(1) A complete section of the Salmon Fish market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Salmon Fish market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Salmon Fish market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Salmon Fish market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Salmon Fish Market report.

Our study encompasses major growth determinants and drivers, along with extensive segmentation areas. Through in-depth analysis of supply and sales channels, including upstream and downstream fundamentals, we present a complete market ecosystem.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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Feeding a Growing World: The Vital Role of Aquafeed in Global Aquaculture

The global aquafeed market was valued at USD 72.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030. The demand for aquafeed is primarily driven by its increasing use in the cultivation of various aquatic species, such as tilapia, carp, catfish, and salmon, which are among the most commonly farmed fish globally. This growth is further supported by the rising popularity of aquaculture as a method to meet the growing global demand for seafood.

The aquafeed market is highly fragmented, with numerous industry players operating across different segments of the value chain. Notable companies in the market include major players such as BioMar Group, Cargill, Inc., and Charoen Pokphand Foods PCL. These companies are strategically focusing on mergers and acquisitions, partnerships, portfolio expansions, and collaborations to strengthen their market position and diversify their product offerings.

Key Market Trends

Increasing Fish Farming Activities The growing preference for aquaculture as a sustainable and efficient method of food production is a significant driver for the aquafeed market. As wild fish stocks are increasingly depleted, fish farming is being promoted as a solution to ensure a steady, reliable supply of seafood. Aquaculture is considered a more sustainable alternative to traditional fishing, and as the global population continues to grow, the demand for farmed fish is expected to rise, subsequently boosting the need for aquafeed.

Preference for Natural and Organic Aquafeeds A key trend within the aquafeed market is the rising preference for natural and organic feed products. Consumers and manufacturers are becoming more conscious of the environmental impact of aquaculture practices. As a result, there is an increasing demand for plant-based and sustainably sourced aquafeeds that minimize the ecological footprint of fish farming. For example, Cargill has recently launched a new line of plant-based aquafeed called "Ewos Naturligvis" in Norway, which is made from sustainable ingredients such as wheat, soy, and corn. This feed product aims to provide optimal nutrition for fish while reducing the environmental impact of fish farming.

Advancements in Aquafeed Production Technologies The production of aquafeed is becoming increasingly technologically advanced, with both traditional and modern, technology-driven processes being employed to manufacture feed products. Modern technologies such as precision nutrition, genetic advancements, and microencapsulation are enabling manufacturers to create feed that is more nutritionally balanced, efficient, and sustainable. These innovations contribute to improved growth rates and feed conversion ratios in fish farming, making aquaculture operations more productive and profitable.

Sustainability Concerns and Ingredient Sourcing As the aquaculture industry expands, sustainability concerns are becoming more prominent. The sourcing of feed ingredients such as fishmeal and fish oil, which are traditionally derived from wild fish stocks, has raised concerns over overfishing and environmental degradation. In response to these concerns, there has been a growing shift towards plant-based alternatives and the use of sustainable ingredients in aquafeed formulations. This includes the use of algae, insects, and other sustainable protein sources that reduce the reliance on traditional fishmeal.

Regional Insights

Asia Pacific:

The Asia Pacific region dominated the global aquafeed market in 2022, accounting for more than 44.10% of the overall market revenue. The region is expected to maintain its dominant position throughout the forecast period, with continued growth at the fastest rate. Several factors contribute to this strong performance:

Substantial Growth in Aquaculture: Asia Pacific is the largest hub for aquaculture, particularly for farmed species like tilapia, carp, catfish, and shrimp. The region's extensive aquaculture operations and the increasing demand for fish products are key drivers of the market.

Cost Advantage: The availability of cheap labor and favorable conditions for aquaculture in countries like China, India, and Vietnam help reduce production costs and increase the profitability of fish farming, making aquafeed production more economically viable.

Abundant Natural Resources: The region is rich in natural resources essential for aquaculture, such as water bodies and suitable climatic conditions for farming aquatic species. This makes it easier to scale up production and meet both domestic and international demand for seafood.

With growing seafood consumption and an expanding aquaculture sector, Asia Pacific is expected to retain its leadership in the global aquafeed market throughout the forecast period.

Europe:

Europe’s aquaculture industry has seen significant growth, particularly in countries like the U.K., France, Italy, and Spain. This expansion is fueled by several key trends:

Improvements in Environmental Management: European countries have increasingly focused on sustainable practices in aquaculture, improving environmental management and ensuring the sustainability of fish farming. This includes enhanced water quality management, eco-friendly practices, and efficient feed usage.

Feed Efficiency and Nutrient Consumption: There has been a notable improvement in the feed efficiency and nutrient consumption by aquatic species, which has helped boost the productivity and profitability of aquaculture operations in the region. These improvements contribute to the growing demand for high-quality aquafeed products.

Strong Regulatory Framework: Europe's strong regulatory environment, particularly related to sustainability and environmental impact, is also a key factor driving the demand for more efficient and sustainable aquafeed solutions.

In the coming years, Europe is expected to continue benefiting from these factors, along with a growing preference for seafood among consumers, further propelling the market's growth.

North America:

The North America aquafeed market is also expected to experience significant growth over the forecast period. Several factors are driving the expansion of the region's aquaculture sector:

Rising Seafood Consumption: There is an increasing demand for various types of seafood, such as salmonids (like salmon), mollusks (including oysters and mussels), and other shellfish like hard clams. This trend is driving the growth of aquaculture and, in turn, the demand for high-quality aquafeed products.

Growing Aquaculture Sector: The expansion of aquaculture operations, particularly in North American coastal areas where species like salmon, mussels, and oysters are farmed, is fueling the growth of the aquafeed market. The growing focus on sustainable seafood production also aligns with the increasing demand for more efficient and eco-friendly aquafeeds.

Technological Advancements: North America is witnessing significant advancements in aquaculture technologies, including precision feeding and sustainable aquafeed formulations, which contribute to more efficient and environmentally friendly fish farming practices.

As a result, North America is poised to see substantial growth in its aquafeed market, driven by increasing seafood demand, technological innovations, and a growing focus on sustainability in aquaculture practices.

Browse through Grand View Research's Category Animal Feed and Feed Additives Industry Research Reports.

The global methionine market size was valued at USD 3.37 billion in 2023 and is projected to grow at a CAGR of 9.1% from 2024 to 2030.

The global mulching materials market size was estimated at USD 3.89 billion in 2023 and is projected to grow at a CAGR of 7.8% from 2024 to 2030.

Key Aquafeed Companies

Some of the prominent players in the global aquafeed market include:

Cargill, Inc.

BioMar Group

Ridley Corp. Ltd.

Aller Aqua

BENEO

Alltech

Aker Biomarine

Charoen Pokphand Foods PCL

Skretting

Purina Animal Nutrition LLC

Dibaq Aquaculture

INVE Aquaculture

Avanti Feeds Ltd.

Biostadt India Ltd.

The Waterbase Ltd.

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Fish Oil Market to Reach $4.51 Billion by 2031| Size, Share, Forecast, & Trends Analysis 

Meticulous Research®, a leading global market research firm, has released its latest report titled Fish Oil Market—Global Opportunity Analysis and Industry Forecast (2024-2031). The study forecasts that the global fish oil market will reach $4.51 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

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Key drivers of the fish oil market include the rising global incidence of cardiovascular diseases (CVDs), growing awareness around pet and livestock nutrition, increased demand for healthier diets, evolving consumer preferences, and the expansion of the aquaculture industry. However, unsustainable fishing practices by some fish oil producers, as well as the growing availability of alternative omega-3 sources, may pose challenges to market growth.

Furthermore, the increasing recognition of the health benefits of omega-3 fatty acids, along with their growing use in aquaculture and animal feed, presents significant opportunities for market expansion. Environmental concerns and the issue of overfishing remain critical challenges impacting the sector.

The market is also witnessing trends such as a growing focus on health and wellness, along with advancements in fish oil extraction and processing technologies.

Key Players:

The fish oil market is characterized by a moderately competitive scenario due to the presence of many large and small-sized global, regional, and local players. The key players operating in the fish oil market are Omega Protein Corporation (U.S.), TripleNine Group A/S (Denmark), FF Skagen A/S (Denmark), Pelagia AS (Norway), BASF SE (Germany), KD Pharma Group SA (Switzerland), Croda International Plc (U.K.), Colpex International S.A.C (Peru), OLVEA Group (France), SARMA FISH S.A.R.L (Morocco), Pesquera Diamante S.A. (Peru), Blueline Foods (India) Pvt. Ltd. (India), and GC Rieber VivoMega AS (Norway).

The fish oil market is segmented based on grade, process, product, and application. The report also evaluates industry competitors and analyzes the fish oil market at the regional and country levels.

The market is segmented by grade, process, product, and application. The report also provides a detailed analysis of regional and country-level market dynamics.

Browse in depth @ https://www.meticulousresearch.com/product/fish-oil-market-1210

Market Segmentation:

By Grade: The feed-grade fish oil segment is expected to capture the largest market share in 2024. This segment is driven by the growing demand for omega-3 rich fish oil in aquaculture, particularly for species like salmon, trout, and carp. Feed-grade fish oil also benefits livestock, particularly in poultry and swine farming, and is increasingly used in pet food for its positive effects on coat health, joint function, and cognitive development.

By Process: The crude fish oil segment is projected to hold the largest market share in 2024. Crude fish oil, rich in omega-3 fatty acids such as EPA and DHA, is essential for heart health, brain function, and overall wellness. Its versatile applications in dietary supplements, functional foods, and animal feed contribute to its dominance in the market.

By Product: In 2024, the anchovy oil segment is expected to lead the market. Anchovy-based fish oil is recognized for its high DHA content, making it ideal for use in aquafeed and dietary supplements. Additionally, the anchovy fishery’s sustainability ensures a reliable, high-quality supply of fish oil.

By Application: The aqua feed segment is anticipated to account for the largest market share in 2024. Fish oil is a crucial component in the nutrition of farmed fish, supporting healthy growth, immune function, and optimal feed conversion. As global seafood demand increases, particularly for omega-3-rich fish like salmon, the use of fish oil in aqua feed continues to rise.

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Geographic Insights:

This report analyzes the fish oil market across major regions, including North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Poland, Netherlands, Belgium, Norway, and others), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Thailand, Singapore, and others), Latin America (Brazil, Mexico, Argentina, and others), and the Middle East & Africa (Saudi Arabia, South Africa, UAE, and others).

In 2024, Europe is expected to lead the fish oil market, followed by North America, Asia-Pacific, Latin America, and the Middle East & Africa. Europe’s strong market position is driven by growing consumer awareness of health benefits, an increasing focus on cardiovascular health, advanced fish oil processing technologies, and a commitment to sustainable fishing practices. Additionally, the robust aquaculture industry in Europe, along with the rising use of fish oil in the cosmetic sector for its anti-inflammatory and anti-aging properties, further fuels market growth.

The increasing demand for high-quality, omega-3-rich fish products, along with advancements in sustainable sourcing and processing, positions Europe as a key market leader in the global fish oil industry.Top of Form

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Astaxanthin Market Share and Growth Information Analysis Report by 2030

The global astaxanthin market was valued at USD 2.34 billion in 2023, with a projected compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. This growth is driven by rising demand across multiple sectors, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages. Astaxanthin is particularly valued in aquaculture as a feed ingredient for prawns, salmon, trout, and ornamental fish to enhance their coloration, which increases their commercial appeal. Besides improving pigmentation, astaxanthin also contributes to enhanced stress tolerance, improved performance, immune support, reproductive health, increased survival rates, and disease resistance in aquatic animals. To meet this demand, major market players are focusing on product innovation and forming partnerships, especially in the aquaculture sector.

Organizations promoting awareness about astaxanthin’s applications further support market growth. The Natural Algae Astaxanthin Association (NAXA), for example, plays a significant role in advocating for natural astaxanthin, promoting its benefits across various industries, supporting research, and certifying products with the NAXA Verification Seal.

Gather more insights about the market drivers, restrains and growth of the Astaxanthin Market

To expand market reach, companies are leveraging strategies such as product launches and collaborations with leading firms in key industries. For example, in May 2022, Algalif partnered with Divi’s Nutraceuticals to launch AstaBeads, a high-concentration astaxanthin beadlet targeting sports nutrition and healthy aging applications. This collaboration is poised to boost market penetration of natural astaxanthin products. Furthermore, The Lubrizol Corporation introduced ASTAGILE microcapsules in October 2020 to promote cognitive health and agility for both young and elderly consumers.

In May 2022, Algalif and Divi’s Nutraceuticals collaborated on producing high-concentration natural astaxanthin beadlets. Based in Iceland, Algalif uses a renewable-energy-powered process to produce high-quality astaxanthin oleoresin from microalgae. Divi’s Nutraceuticals then applies its expertise in fat-soluble ingredients to transform this oleoresin into AstaBead beadlets, which contain a concentrated 5% astaxanthin. This partnership emphasizes both sustainability and premium product quality, showcasing a commitment to environmental stewardship and product excellence.

Application Segmentation Insights:

In 2023, the aquaculture and animal feed sector held the largest market share at 46.39%, primarily due to astaxanthin’s extensive use as a feed additive to enhance reddish pigmentation in species like salmon, trout, and shrimp, which is a key consumer preference. Astaxanthin oil also promotes better feed uptake, accelerating shrimp growth. The growing adoption of astaxanthin in the aquaculture sector to improve seafood quality supports this segment’s dominance in the market. Leading players are also launching new products with health benefits for animal feed. For instance, AstaReal introduced Novasta in July 2022, an astaxanthin-based ingredient for animal feed, expanding health-focused applications in animal nutrition.

The nutraceuticals segment is anticipated to experience the fastest CAGR during the forecast period, driven by increasing demand for natural astaxanthin in health supplements due to its superior antioxidant properties compared to other supplements. The rising need for nutritional products, alongside aging populations, nutrient deficiencies, and lifestyle-related health concerns, is boosting demand in this sector. Astaxanthin’s antioxidant benefits are linked to support against conditions like liver and oral cancers, cardiovascular diseases, and obesity. Thus, the growing prevalence of chronic and infectious diseases is expected to provide substantial growth opportunities for the nutraceuticals market.

Order a free sample PDF of the Astaxanthin Market Intelligence Study, published by Grand View Research.

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Astaxanthin Market - Recent Industry Developments and Growth Strategies till 2030

The global astaxanthin market was valued at USD 2.34 billion in 2023, with a projected compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. This growth is driven by rising demand across multiple sectors, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages. Astaxanthin is particularly valued in aquaculture as a feed ingredient for prawns, salmon, trout, and ornamental fish to enhance their coloration, which increases their commercial appeal. Besides improving pigmentation, astaxanthin also contributes to enhanced stress tolerance, improved performance, immune support, reproductive health, increased survival rates, and disease resistance in aquatic animals. To meet this demand, major market players are focusing on product innovation and forming partnerships, especially in the aquaculture sector.

Organizations promoting awareness about astaxanthin’s applications further support market growth. The Natural Algae Astaxanthin Association (NAXA), for example, plays a significant role in advocating for natural astaxanthin, promoting its benefits across various industries, supporting research, and certifying products with the NAXA Verification Seal.

Gather more insights about the market drivers, restrains and growth of the Astaxanthin Market

To expand market reach, companies are leveraging strategies such as product launches and collaborations with leading firms in key industries. For example, in May 2022, Algalif partnered with Divi’s Nutraceuticals to launch AstaBeads, a high-concentration astaxanthin beadlet targeting sports nutrition and healthy aging applications. This collaboration is poised to boost market penetration of natural astaxanthin products. Furthermore, The Lubrizol Corporation introduced ASTAGILE microcapsules in October 2020 to promote cognitive health and agility for both young and elderly consumers.

In May 2022, Algalif and Divi’s Nutraceuticals collaborated on producing high-concentration natural astaxanthin beadlets. Based in Iceland, Algalif uses a renewable-energy-powered process to produce high-quality astaxanthin oleoresin from microalgae. Divi’s Nutraceuticals then applies its expertise in fat-soluble ingredients to transform this oleoresin into AstaBead beadlets, which contain a concentrated 5% astaxanthin. This partnership emphasizes both sustainability and premium product quality, showcasing a commitment to environmental stewardship and product excellence.

Application Segmentation Insights:

In 2023, the aquaculture and animal feed sector held the largest market share at 46.39%, primarily due to astaxanthin’s extensive use as a feed additive to enhance reddish pigmentation in species like salmon, trout, and shrimp, which is a key consumer preference. Astaxanthin oil also promotes better feed uptake, accelerating shrimp growth. The growing adoption of astaxanthin in the aquaculture sector to improve seafood quality supports this segment’s dominance in the market. Leading players are also launching new products with health benefits for animal feed. For instance, AstaReal introduced Novasta in July 2022, an astaxanthin-based ingredient for animal feed, expanding health-focused applications in animal nutrition.

The nutraceuticals segment is anticipated to experience the fastest CAGR during the forecast period, driven by increasing demand for natural astaxanthin in health supplements due to its superior antioxidant properties compared to other supplements. The rising need for nutritional products, alongside aging populations, nutrient deficiencies, and lifestyle-related health concerns, is boosting demand in this sector. Astaxanthin’s antioxidant benefits are linked to support against conditions like liver and oral cancers, cardiovascular diseases, and obesity. Thus, the growing prevalence of chronic and infectious diseases is expected to provide substantial growth opportunities for the nutraceuticals market.

Order a free sample PDF of the Astaxanthin Market Intelligence Study, published by Grand View Research.

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Astaxanthin Market Size & Share | Statistics Report 2030

The global astaxanthin market reached a valuation of USD 2.34 billion in 2023, with projections indicating a compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. This growth is driven by a rising demand for astaxanthin across various industries, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages. Astaxanthin’s role in aquaculture is significant, where it is commonly used to enhance the coloration of species such as prawns, salmon, trout, and ornamental fish, increasing their market value. Additionally, astaxanthin offers numerous health benefits to aquatic animals, improving stress tolerance, performance, immune-related gene expression, reproductive capacity, survival rates, and disease resistance. To meet the rising demand in aquaculture, major industry players are focusing on product development and collaborative agreements.

Market growth is further supported by organizations that actively promote awareness of astaxanthin's diverse applications. For example, the Natural Algae Astaxanthin Association (NAXA) is influential in promoting, protecting, and educating the public on the benefits of natural astaxanthin across various industries. NAXA also supports relevant research and offers the NAXA Verification Seal to certify natural astaxanthin products.

To increase the penetration of natural astaxanthin-based products, companies are engaging in strategies such as new product launches and partnerships with influential players in related industries. For instance, Algalif partnered with Divi’s Nutraceuticals in May 2022 to release high-concentration astaxanthin beadlets called AstaBeads, targeting sports nutrition and healthy aging markets. Similarly, The Lubrizol Corporation launched ASTAGILE microcapsules in October 2020, focusing on enhancing cognitive and mental agility for both young and senior adults.

Gather more insights about the market drivers, restrains and growth of the Astaxanthin Market

The astaxanthin market showcases a high degree of innovation, with companies developing novel formulations and sustainable production methods. For example, Sirio Europe (SIRIO) revealed in August, 2023, its plan to introduce two new softgel products targeting the pharmaceutical sector during the CPHI Barcelona 2023 event.

The astaxanthin market is also characterized by a high level of merger and acquisition (M&A) activity by the leading players In January 2022, ENEOS Corporation disclosed its acquisition of Ecocert Inputs Attestation, a globally recognized certification organization. This strategic move strengthens ENEOS' position in the astaxanthin market, particularly for Panaferd-AX. The merger reflects the company's commitment to quality and international standards, contributing to the evolution of the industry.

Product Segmentation Insights:

In 2023, dried algae meal or biomass dominated the market with a share of 25.26%. This significant share is attributed to its applications in biomass production for other forms, such as capsules and tablets, minimal downstream processing, convenient bulk production, and a higher demand for use as animal feed. New product launches in the sector, such as Solabia-Algatech Nutrition Ltd’s AstaPure Arava gummies in October 2022, highlight the growing demand for algal astaxanthin. Additionally, in May 2022, Algalif collaborated with start-up company Marea to create a biodegradable coating using residual algae biomass. These advancements are anticipated to support growth in this segment over the forecast period.

The softgel segment is expected to experience strong growth in the coming years, as softgels are widely favored by consumers for their convenience and suitability for the geriatric population. Veggie softgels, derived from modified cornstarch and glycerin, are particularly popular among nutraceutical companies due to their plant-based origin and minimal side effects. Regulatory approvals are further boosting this segment; for example, in September 2021, NextFerm Technologies obtained regulatory approval in the U.S. to market Astaferm, an innovative antioxidant in oil form for softgels.

These factors collectively contribute to the expansion of the global astaxanthin market across various segments and applications.

Order a free sample PDF of the Astaxanthin Market Intelligence Study, published by Grand View Research.

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Astaxanthin Market – Industry Trends and Forecast Report 2030

The global astaxanthin market reached a valuation of USD 2.34 billion in 2023, with projections indicating a compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. This growth is driven by a rising demand for astaxanthin across various industries, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages. Astaxanthin’s role in aquaculture is significant, where it is commonly used to enhance the coloration of species such as prawns, salmon, trout, and ornamental fish, increasing their market value. Additionally, astaxanthin offers numerous health benefits to aquatic animals, improving stress tolerance, performance, immune-related gene expression, reproductive capacity, survival rates, and disease resistance. To meet the rising demand in aquaculture, major industry players are focusing on product development and collaborative agreements.

Market growth is further supported by organizations that actively promote awareness of astaxanthin's diverse applications. For example, the Natural Algae Astaxanthin Association (NAXA) is influential in promoting, protecting, and educating the public on the benefits of natural astaxanthin across various industries. NAXA also supports relevant research and offers the NAXA Verification Seal to certify natural astaxanthin products.

To increase the penetration of natural astaxanthin-based products, companies are engaging in strategies such as new product launches and partnerships with influential players in related industries. For instance, Algalif partnered with Divi’s Nutraceuticals in May 2022 to release high-concentration astaxanthin beadlets called AstaBeads, targeting sports nutrition and healthy aging markets. Similarly, The Lubrizol Corporation launched ASTAGILE microcapsules in October 2020, focusing on enhancing cognitive and mental agility for both young and senior adults.

Gather more insights about the market drivers, restrains and growth of the Astaxanthin Market

The astaxanthin market showcases a high degree of innovation, with companies developing novel formulations and sustainable production methods. For example, Sirio Europe (SIRIO) revealed in August, 2023, its plan to introduce two new softgel products targeting the pharmaceutical sector during the CPHI Barcelona 2023 event.

The astaxanthin market is also characterized by a high level of merger and acquisition (M&A) activity by the leading players In January 2022, ENEOS Corporation disclosed its acquisition of Ecocert Inputs Attestation, a globally recognized certification organization. This strategic move strengthens ENEOS' position in the astaxanthin market, particularly for Panaferd-AX. The merger reflects the company's commitment to quality and international standards, contributing to the evolution of the industry.

Product Segmentation Insights:

In 2023, dried algae meal or biomass dominated the market with a share of 25.26%. This significant share is attributed to its applications in biomass production for other forms, such as capsules and tablets, minimal downstream processing, convenient bulk production, and a higher demand for use as animal feed. New product launches in the sector, such as Solabia-Algatech Nutrition Ltd’s AstaPure Arava gummies in October 2022, highlight the growing demand for algal astaxanthin. Additionally, in May 2022, Algalif collaborated with start-up company Marea to create a biodegradable coating using residual algae biomass. These advancements are anticipated to support growth in this segment over the forecast period.

The softgel segment is expected to experience strong growth in the coming years, as softgels are widely favored by consumers for their convenience and suitability for the geriatric population. Veggie softgels, derived from modified cornstarch and glycerin, are particularly popular among nutraceutical companies due to their plant-based origin and minimal side effects. Regulatory approvals are further boosting this segment; for example, in September 2021, NextFerm Technologies obtained regulatory approval in the U.S. to market Astaferm, an innovative antioxidant in oil form for softgels.

These factors collectively contribute to the expansion of the global astaxanthin market across various segments and applications.

Order a free sample PDF of the Astaxanthin Market Intelligence Study, published by Grand View Research.

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Astaxanthin Market Segmentation and Competitive Analysis Report 2024 - 2030

The global astaxanthin market size was valued at USD 2.34 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. 

Growing demand for astaxanthin is being fueled by its increasing use in various industries, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages, among others. It is widely used as a food ingredient for prawns and fishes such as salmon, trout, & ornamental fishes to enhance their coloration and increase commercial value. Other benefits for aquatic animals include growth in stress tolerance, performance, immune-related gene expressions, reproductive capacity, improvement in survival, and disease resistance. Major players are focusing on new product developments and collaborative agreements to meet the increasing demand for astaxanthin in aquaculture.

Additionally, presence of organizations that actively promote awareness regarding diverse applications of these products is expected to further drive market growth. For instance, the Natural Algae Astaxanthin Association (NAXA) plays a key role in promoting, protecting, and educating about the benefits of natural astaxanthin in various end-use applications.The association supports research related to natural astaxanthin and certifies products with NAXA Verification Seal.

Gather more insights about the market drivers, restrains and growth of the Astaxanthin Market

Astaxanthin Market Report Highlights

• Based on product, the dried algae meal or biomass segment accounted for the largest share in 2023 due to the high usage as animal feed and lower cost of production

• The aquaculture & animal feed segment was the highest revenue contributor in 2023. Whereas, the nutraceuticals segment is expected to exhibit the fastest CAGR during the projected period

• The Asia Pacific region is expected to grow at the fastest rate over the forecast period due to the rising investments by market players and increasing research activities in the region

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• The global antiarrhythmic drugs market size was valued at USD 1.05 billion in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030. 

• The global amyloidosis treatment market size was valued at USD 5.39 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030.

Astaxanthin Market Segmentation

Grand View Research has segmented the global astaxanthin market on the basis of source, product, application, and region

Astaxanthin Source Outlook (Revenue, USD Million, 2018 - 2030) (Volumein Metric Tonnes)

• Natural

o Yeast

o Krill/Shrimp

o Microalgae

o Others

• Synthetic

Astaxanthin Product Outlook (Revenue, USD Million, 2018 - 2030)

• Dried Algae Meal or Biomass

• Oil

• Softgel

• Liquid

• Others

Astaxanthin Application Outlook (Revenue, USD Million, 2018 - 2030)

• Nutraceuticals

• Cosmetics

• Aquaculture And Animal Feed

• Food

o Functional Foods And Beverages

o Other Traditional Food Manufacturing Applications

• Others

Astaxanthin Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

o Italy

o Spain

o Russia

o Denmark

o Norway

o Sweden

• Asia Pacific

o Japan

o China

o India

o South Korea

o Australia

o Singapore

o Thailand

• Latin America

o Brazil

o Mexico

o Argentina

o Ecuador

• Middle East & Africa

o South Africa

o Saudi Arabia

o UAE

o Israel

o Kuwait

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Fishmeal & Fish Oil Market Segmentation Application, Technology & Market Analysis Research Report To 2033

The fishmeal and fish oil market is anticipated to reach a value of US$ 7.4 billion in 2023 and US$ 13.0 billion in 2033. During the projection period, fishmeal and fish oil sales are anticipated to expand at a substantial CAGR of 5.8%.

The production of fishmeal and fish oil is expected to increase moderately in the coming years as a result of improved by-product utilization and a growing aquaculture industry.

According to the OECD, aquaculture's contribution to global fish culture will continue to grow and will surpass that of fisheries by 2024. Aquaculture production is expected to reach 105 million tons by 2029, ten million tons more than the capture sector.

As feed demand has increased in tandem with increased aquaculture production, the inclusion of fish meal and fish oil in feed recipes has clearly declined, and has been partially replaced by vegetable substitutes such as soymeal and rapeseed oil.

Due to their scarcity, fishmeal and fish oil will be employed more frequently as strategic ingredients at lower percentages and for particular production stages.

The development and dynamics of the markets for fish oil and fishmeal on a worldwide scale can be influenced by a variety of variables. Included in them are extrinsic variables like the weather and environment, fishery management, trade policies, etc.

Information Source: https://www.futuremarketinsights.com/reports/fishmeal-and-fish-oil-market

Key Takeaways from the Fishmeal & Fish Oil Market

The fishmeal and fish oil market were dominated by salmon and trout and is expected to grow at a CAGR of 5.6% by 2033. This is because salmon oil is high in the omega-3 fats DHA and EPA. Consuming omega-3 fatty acids from salmon oil has been linked to a number of health benefits.

Pharmaceutical sector will register a growth of 5.4% and lead the application segment. Pharmaceutical industry will be highly benefitted from the fish oil and fish feed market owing to growing trend of fish-based supplementation and high adoptability of fish by-products in medical sector.

The U.S. to contribute a whooping US$ 4.6 billion by 2033 in the global market. Favorable policies and the thriving marine industry are the key reason driving the market in the region.

The U.K. is witnessing a growth of 4.9% in the fish oil and fish feed market. The growing concern and awareness on animal nutrition and well being is the key factor behind this significant growth of the region.

China is the most lucrative region among all growing at an astonishing rate of 5.2%. China is the top consumer of fish and fish products among other regions. Growing awareness on cardiac issues is promoting the adoption of fish oil among population.

Asia Pacific is likely to be the dominant region for the market till the end of the forecast period.

Latest Developments

In April 2022, Evolve Supplements initiated its online store for aiding in the buying process for consumers.

In April 2022, Trident Seafoods came out with its Omega 3 food for dogs. They forayed into the pet food market with this initiative.

Key Segments Fish meal & Fish Oil Market

Source:

Salmon & Trout

Marine Fish

Crustaceans

Tilapia

Carps

Application:

Aquaculture & Aquatic Feeds

Land Animal Feeds and Livestock

Agriculture and Fertilizers

Pharmaceuticals

Dietary Supplements

By Region:

North America

Latin America

Western Europe

Eastern Europe

Asia Pacific excluding Japan (APEJ)

Japan

The Middle East & Africa (MEA)

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DNA Vaccines Market - Forecast(2024 - 2030)

 DNA Vaccines Market is forecast to reach revenue of $9.43 Billion by 2025, growing at a CAGR of 33.86% during the forecast period 2020-2025. DNA vaccines are composed of deoxyribonucleic acid, which encodes antigens and stimulates a wider range of immune responses in the body with few side effects. DNA based Vaccines concept deliver to cells after which the gene is expressed and can generate the protein of interest. Clinical trials of some DNA vaccines have shown promising results in the treatment of several types of cancers like metastatic melanoma, prostate carcinoma, pancreatic cancer, and other solid tumors. The demand for DNA Vaccines is experiencing rapid growth owing to factors such as adoption of DNA Vaccines in Healthcare, Low cost, Increasing Technology, fewer side effects, increasing awareness about Health professionals and others. With the rise of COVID-19 pandemic throughout the world 

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Key Takeaways

North America dominates the DNA Vaccines Market owing to the increasing prevalence of infectious diseases in countries such as U.S and Canada.

Adoption of DNA Vaccines in Healthcare, Low cost, Increasing Technology, fewer side effects, increasing awareness about Health professionals are some of the key factors which are leading the demand for DNA Vaccines.

With the current COVID-19 Outbreak there is a huge demand for vaccination that can hack to build better immunity in order to fight the virus

Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the DNA Vaccines Market.

By Type – Segment Analysis 

Based on the types, the DNA Vaccines Market is segmented into Human DNA Vaccines and Animal DNA Vaccines. Animal DNA vaccine is dominating the market in 2019 and is estimated to grow at a CAGR of 19.8% during the forecast period 2020-2025. This is owing to the unavailability of human DNA vaccines in the market along with the rising incidence of canine melanoma and other animal diseases. Animal vaccines are third generation vaccines and contain DNA that codes for specific proteins from a pathogen. This DNA is injected into host body and produces protein for which the body generates immune response. Moreover, the strong pipeline of human targeted vaccines is likely to aid in the market growth

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By Application – Segment Analysis

Based on the applications, DNA Vaccines Market is segmented into Human Diseases which includes applications in Oncology, Infectious Disease, Allergies, and Veterinary Disease. The Veterinary Disease based on application is forecast to grow at a higher CAGR during the forecast period 2020-2025 owing to availability of DNA vaccines for animal diseases that includes canine melanoma vaccine (DOG), West Nile Innovator (Horse), Life tide-SW5 (Swine and other food animals) and Apex-IHN (Salmon fish). 

By Geography – Segment Analysis

Based on the geography the DNA Vaccines Market has covered globally viz North America, South America, Europe, Asia Pacific (APAC) and Rest of World (ROW). The Market in North America accounts for 43.7% of the total market share, which is attributed by government initiatives to immune citizens, coupled with high awareness regarding the benefits of genetic vaccines targeted towards animals. 

Asia Pacific region is set to be the highest growth during the forecast period 2020-2025 owing to rising awareness of people regarding the advantages of immunization against HPV and Hepatitis B. Additionally, it is estimated that the DNA Vaccines Market is set to grow exponentially during the forecast period 2020-2025 owing to COVID-19 outbreak.

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Market Drivers - DNA Vaccines Market

Rising Demand for effective treatment of infectious disease in driving market

DNA Vaccines used to kill and stop the growth of microorganisms. These drugs can act as a defense system for the human body and neutralize the action of disease causative agents. With increasing research activities and Increasing awareness and extensive R&D drugs, there is rising demand for treatment of infectious diseases

Challenges - DNA Vaccines Market

The main area of uncertainty is related to the immunological impact, tissue distribution and persistence after injection and whether the DNA vaccine can leak into the environment. This, in turn, create a challenging point for the growth of DNA Vaccine. Also, with, the limited efficiency of plasmid-based techniques precluded their use in the creation of more accurate human cell models is one of the challenges for DNA Vaccine Market

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Vitamin & Mineral Industry Outlook

Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the DNA Vaccines Market. In 2019, DNA Vaccines Market share is consolidated by the top ten players present in the market. DNA Vaccines Market Top 10 companies include Inovio Biomedical Corp, Merck & Co., Mitsubishi Tanabe, Dendreon Corporation, ASTELLAS PHARMA, Dynavax Technologies, Sanofi, Tekmira Pharmaceuticals GlaxoSmithKline Corp, Protein Sciences Corp.among others.

Acquisitions/Product Launches

In February 2020, Merck& Co announced the formation of a new, independent publicly-traded company focused on its Women’s Health, trusted Legacy Brands, and Biosimilars business. 

In February 2019, Merck & Co announced its acquisition of Immune Design Corp for nearly $300 million, gaining access to its immunotherapy programs.

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Salmon Fish Market: Global Industry Analysis and Forecast 2023 – 2030

Salmon Fish Market Size Was Valued at USD 16.16 Billion in 2022, and is Projected to Reach USD 31.50 Billion by 2030, Growing at a CAGR of 8.7% From 2023-2030.

Salmon is an oily fish variety belonging to the salmonoid family. Salmon fish is highly rich in protein and provides essential nutrients required for a human body, thus, is considered as functional foods and major driver for salmon fish market.

Various health benefits such as lowering of blood pressure, improving the cells function, calming inflammation and reducing the risk of cancer are the key factors that are most likely to boost the market growth salmon fish globally. The rising consumer inclination from carb-based and high-calorie food products towards protein-rich alternatives helps to boost the market growth.

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The latest research on the Salmon Fish market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Salmon Fish industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Salmon Fish market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

Leading players involved in the Salmon Fish Market include:

Trident Seafoods Corporation (USA), Ocean Beauty Seafoods (USA), Clearwater Seafoods Inc. (Canada), Smoked Salmon Processors Association (Canada), Cooke Aquaculture Inc. (Canada), Ocean Wise (Canada), Mowi ASA (Norway), Leroy Seafood AS (Norway), Akvafarmøy AS (Norway), Marine Harvest ASA (Norway), Grieg Seafood ASA (Norway), SalMar ASA (Norway) 

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Segmentation of Salmon Fish Market:

By Type

Chinook Salmon

Coho Salmon

Pink Salmon

Red Salmon

Silverbrite Salmon

Salmo Salar

By End Product Type

Fresh

Frozen

Canned

By Distribution Channel

Retail Stores

Supermarkets/ Hypermarkets

Online Sales Channel

By Regions

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

What to Expect in Our Report?

(1) A complete section of the Salmon Fish market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Salmon Fish market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Salmon Fish market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Salmon Fish market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Salmon Fish Market report.

Our study encompasses major growth determinants and drivers, along with extensive segmentation areas. Through in-depth analysis of supply and sales channels, including upstream and downstream fundamentals, we present a complete market ecosystem.

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Astaxanthin Market: key Vendors, Trends, Analysis, Segmentation, Forecast to 2024-2030

Astaxanthin Industry Overview

The global astaxanthin market size was valued at USD 2.34 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. Growing demand for astaxanthin is being fueled by its increasing use in various industries, including aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food and beverages, among others. It is widely used as a food ingredient for prawns and fishes such as salmon, trout, & ornamental fishes to enhance their coloration and increase commercial value. Other benefits for aquatic animals include growth in stress tolerance, performance, immune-related gene expressions, reproductive capacity, improvement in survival, and disease resistance. Major players are focusing on new product developments and collaborative agreements to meet the increasing demand for astaxanthin in aquaculture.

Additionally, presence of organizations that actively promote awareness regarding diverse applications of these products is expected to further drive market growth. For instance, the Natural Algae Astaxanthin Association (NAXA) plays a key role in promoting, protecting, and educating about the benefits of natural astaxanthin in various end-use applications.The association supports research related to natural astaxanthin and certifies products with NAXA Verification Seal.

Gather more insights about the market drivers, restrains and growth of the Astaxanthin Market

Companies are adopting strategies such as new product launches and partnerships with strong players in end-use industries to increase the penetration of natural astaxanthin-based products. For instance, in May 2022, Algalif and Divi’s Nutraceuticals partnered to launch high-concentration astaxanthin beadlets, AstaBeads. This partnership is expected to increase the penetration of these products in sports nutrition & healthy aging applications. Moreover, in October 2020, The Lubrizol Corporation launched ASTAGILE microcapsules to support healthy aging and mental agility in young & senior adults.

In addition, in May, 2022, Algalif and Divi’s Nutraceuticals collaborated to create highly concentrated beadlets of sustainable natural astaxanthin. Algalif, situated in Iceland, employs a production process powered by renewable energy, yielding premium astaxanthin oleoresin from microalgae. Divi’s, leveraging its proficiency in formulating fat-soluble ingredients, then converts this oleoresin into the exclusive AstaBead beadlets, boasting a remarkable 5% astaxanthin content. This innovative approach harnesses the advantages of natural source while ensuring sustainability and high concentration, demonstrating a commitment to both environmental responsibility and product excellence.

New Dietary Ingredient (NDI) Guidance issued new guidelines and increasing the daily dose of from 7.8 mg to 12 mg, which led to the development of new products by manufacturers. For instance, BCG received approval for two natural products in Europe with daily dose of more than 7.8 mg.The presence of stringent regulatory guidelines by the Food Safety and Standards Authority of India (FSSAI) in India, which focuses on the safety of ingredients used in supplements, has attracted consumers toward dietary supplements. Increase in investments by foreign and private investors is expected to contribute to market growth.

Government initiatives will further offer lucrative opportunities during the review period. For instance, In September 2023, the EU Commission approved an extension to the regulation of novel food astaxanthin-rich oleoresin, now allowing its use in younger age groups. This decision follows a submission to the Commission, requesting the expansion of use to two specific age categories. The approval is based on safe dosages determined from the acceptable daily intake (ADI) of Astaxanthin. This revision aligns more accurately with the EFSA opinion on algae-based Astaxanthin, confirming the safety of the indicated dosages for each respective age group within the population.

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The global ankylosing spondylitis market size was valued at USD 5.78 billion in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030. 

The global opioid use disorder market size was valued at USD 4.59 billion in 2023 and is projected to grow at a CAGR of 11.65% from 2024 to 2030.

Key Companies & Market Share Insights

Some of the key players operating in market include Algatech Ltd; Cyanotech Corporation, and ALGAMO. Key players in the market are contributing toward their growth by geographical expansion to gain higher market share. In addition, companies are focusing on gaining market approvals for innovative products to help in management of different health conditions.

Collaborations with research institutes and academic organizations to provide the products & services and engage in new contracts is the major strategy adopted by emerging market players. Additionally, these players may be more flexible and agile than established players in terms of responding and changing to market needs and demand, allowing them to quickly adapt and develop new technologies.

Key Astaxanthin Companies:

Algatech Ltd

MicroA

Cyanotech Corporation

Algalíf Iceland ehf

Beijing Gingko Group (BGG)

PIVEG, Inc.

Fuji Chemical Industries Co., Ltd

ENEOS Corporation

Atacama Bio Natural Products S.A.

E.I.D. – Parry (India) Limited (Alimtec S.A., Valensa International)

Recent Developments

In October 2023, Algatech Ltd, received National Organic Program (NOP) Certification for the company’s algae-derived astaxanthin.

In March 2023, AstaReal partnered with raw material distributor C.F.M. Co. Farmaceutica Milanese to offer comprehensive technical, regulatory, scientific, and logistical support to nutraceutical producers in Italy. This collaboration aims to address the increasing market demand for natural astaxanthin, a proven antioxidant with health benefits, positioning AstaReal as the premier natural astaxanthin brand in Italy. Obtained from regrown microalgae Haematococcus pluvialis, AstaReal's astaxanthin is highlighted for its environmentally sustainable sourcing.

In May 2022, Iceland's Algalif signed an agreement with a start-up company, Marea, to develop a biodegradable good coating from leftover algal biomass.

In October 2022, Solabia-Algatech launched Astaxanthin Gummies with vitamin C, which contain no preservatives or synthetic colors. Each gummy has 4mg astaxanthin algae complex.

In April 2022, BGG announced second expansion of pristine region’s astaxanthin farm capacity in last 2 years and expected to maximize its production capacity. Such initiatives are contributing to the market growth.

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The Microalgae-based Aquafeed market is projected to grow from USD 274.31 million in 2024 to USD 483.79 million by 2032, reflecting a compound annual growth rate (CAGR) of 7.35%.The global aquaculture industry is undergoing a transformation, driven by the need for sustainable and efficient feed solutions. One of the most promising innovations in this field is the development of microalgae-based aquafeed. This burgeoning market not only addresses environmental concerns but also offers economic and nutritional advantages, positioning itself as a key player in the future of aquaculture.Microalgae-based aquafeed refers to the use of microalgae, single-celled aquatic organisms, as a primary or supplementary ingredient in feed for aquatic species. Microalgae are rich in essential nutrients, including proteins, lipids, vitamins, and minerals, making them a highly nutritious feed option. Additionally, they offer several benefits over traditional feed ingredients, such as fishmeal and soybean meal.

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Market Drivers

1. Sustainability Concerns: Traditional aquafeed often relies on fishmeal derived from wild fish stocks, contributing to overfishing and ecological imbalance. Microalgae-based feed, however, can be produced sustainably and does not deplete marine resources. This shift aligns with global sustainability goals and regulatory pressures aimed at reducing the environmental impact of aquaculture.

2. Nutritional Advantages: Microalgae are known for their high protein content and the presence of omega-3 fatty acids, which are essential for the growth and health of aquatic species. The nutritional profile of microalgae can enhance the quality of the final aquaculture products, leading to healthier fish and shellfish with improved growth rates.

3. Growing Aquaculture Industry: The expansion of the aquaculture industry to meet the rising demand for seafood is driving the need for innovative feed solutions. Microalgae-based feeds are increasingly being adopted as a viable alternative to traditional feeds, particularly in high-value aquaculture sectors such as salmon farming.

4. Research and Technological Advancements: Ongoing research into microalgae cultivation and processing technologies is making it more feasible and cost-effective to produce high-quality microalgae-based feeds. Advances in biotechnology and algae farming methods are improving yields and reducing production costs, further driving market growth.

Market Trends

1. Increased Investment and Research: Significant investments are being made in the development of microalgae-based aquafeed. Both public and private sectors are funding research to optimize algae strains, enhance production techniques, and scale up manufacturing processes.

2. Expansion of Application Areas: While the primary focus has been on finfish species, there is growing interest in applying microalgae-based feeds to other aquaculture segments, such as crustaceans and mollusks. This diversification opens up new market opportunities and potential revenue streams.

3. Consumer Awareness and Preferences: As consumers become more conscious of sustainability and the environmental impact of their food choices, there is increasing demand for sustainably sourced seafood. Microalgae-based aquafeed meets this demand by supporting eco-friendly aquaculture practices.

Challenges and Opportunities

1. Production Costs: Despite advancements, the production of microalgae-based feeds remains more expensive compared to traditional feed ingredients. However, as technology advances and economies of scale are achieved, costs are expected to decrease, making microalgae-based feeds more competitive.

2. Regulatory and Market Acceptance: Gaining regulatory approval and market acceptance can be challenging. Companies must navigate regulatory frameworks and demonstrate the efficacy and safety of microalgae-based feeds to gain widespread adoption.

3. Supply Chain Development: Building a robust supply chain for microalgae cultivation, processing, and distribution is crucial for market growth. Collaborations between algae producers, feed manufacturers, and aquaculture operations will be key to scaling up production and distribution.

Key Player Analysis

Koninklijke DSM N.V.

The Archer-Daniels-Midland Company

Corbion N.V.

Cellana Inc.

Solabia Group

Evergen Resources

Greentech Group

Algalimento SL

Kessler Zoologiegrosshandel GmbH & Co. KG

A4F Algae for Future

Segments:

Based on Species:

Spirulina

Chlorella

Nannochloropsis

Isochrysis

Others

Based on Aquatic Animal:

Fish

Mollusks

Crustaceans

Others

Based on the Geography:

North America

US

Canada

Mexico

Europe

Germany

France

UK

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of Middle East and Africa

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Fish Can Market Projections: Global Industry Analysis and Forecast (2023-2032)

The Fish Can Market is projected to grow from USD 1,210.5 million in 2024 to USD 1,606.36 million by 2032, reflecting a compound annual growth rate (CAGR) of 3.60%.

A fish can is a sealed container used to preserve fish, typically through processes such as canning, which involves cooking the fish and sealing it in a tin or aluminum can. This method extends the shelf life of the fish, making it a convenient and long-lasting food product. Fish cans are commonly used for a variety of fish species, including tuna, salmon, sardines, and mackerel. The preservation process ensures that the nutritional value of the fish is largely retained, providing a ready-to-eat protein source that is rich in omega-3 fatty acids, vitamins, and minerals. Fish cans are popular for their convenience, affordability, and ease of storage, making them a staple in many households and an essential item in emergency food supplies. They are available in various sizes and can be found in both oil-packed and water-packed varieties, catering to different consumer preferences.

The fish can market presents several promising opportunities for growth and innovation:

Rising Demand for Convenient and Nutritious Foods: As consumers increasingly seek convenient and nutritious food options, canned fish offers a practical solution due to its long shelf life, ease of preparation, and high nutritional value, including essential omega-3 fatty acids.

Expansion into Emerging Markets: The growing middle-class population and urbanization in emerging markets provide significant opportunities for canned fish products, as these regions experience a shift towards packaged and convenient food options.

Health and Wellness Trends: The trend towards health-conscious eating is driving demand for fish products perceived as healthier alternatives to red meat. Brands can capitalize on this by marketing canned fish as a natural, low-fat, and high-protein food source.

Innovation in Product Varieties and Flavors: Introducing new varieties and flavors, including gourmet options and ethnic-inspired flavors, can attract a broader consumer base. Additionally, offering organic, sustainably sourced, or premium quality options can appeal to niche markets.

Sustainable and Eco-friendly Packaging: Increasing consumer awareness of environmental issues presents an opportunity for companies to adopt sustainable packaging solutions, such as recyclable or biodegradable cans, which can enhance brand appeal and meet regulatory requirements.

Online Retail Growth: The rise of e-commerce and online grocery shopping offers a platform for expanding the distribution of canned fish products. Brands can leverage digital marketing and direct-to-consumer sales channels to reach a wider audience.

Private Label and Store Brands: The growing popularity of private label products presents opportunities for manufacturers to partner with retailers in producing high-quality canned fish products under store brands, often at competitive price points.

Dietary and Specialty Markets: Canned fish products can be positioned to cater to specific dietary needs, such as low-sodium, gluten-free, or ketogenic diets, tapping into health-conscious and specialized consumer segments.

Sustainable Fishing Practices: Companies that commit to sustainable fishing practices can differentiate their products in the market, appealing to environmentally conscious consumers and meeting increasing regulatory and market demands for sustainability.

Expansion of Ready-to-Eat and Ready-to-Cook Products: Expanding product lines to include ready-to-eat or ready-to-cook canned fish meals, such as salads, spreads, or meal kits, can attract busy consumers looking for quick and easy meal solutions.

Key Player Analysis

Crown Holdings, Inc.

Ardagh Group

Amcor Plc

Silgan Metal Packaging

Massilly Holding S.A.S

Colep Packaging

HUBER Packaging Group

Tinmasters

Sonoco Products Company

Trivium Packaging.

Jean Anid & Fils S.A.L.

MIVISA ENVASES, S.A.U.

SARTEN AMBALAJ SAN. VE TIC. A.S.

Nussbaum Matzingen AG

Hoffmann Neopac AG

Toyo Seikan Group Holdings, Ltd.

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The fish can market is driven by several key factors that influence its growth and development:

Health and Nutritional Benefits: Canned fish is recognized for its high nutritional value, providing essential nutrients like omega-3 fatty acids, protein, vitamins, and minerals. This health benefit is a significant driver, especially as consumers become more health-conscious and seek out nutritious food options.

Convenience and Long Shelf Life: The convenience of canned fish, which requires no refrigeration and has a long shelf life, makes it an attractive option for consumers looking for easy-to-store and ready-to-eat meals. This is particularly appealing for busy lifestyles and for stocking emergency food supplies.

Rising Demand for Affordable Protein Sources: Canned fish is often more affordable than fresh or frozen fish, providing a cost-effective protein source. This affordability drives demand, particularly in price-sensitive markets and during economic downturns.

Expanding Product Variety and Innovation: The introduction of new canned fish varieties, flavors, and packaging innovations enhances consumer appeal. Products that cater to specific dietary preferences, such as low-sodium, organic, or sustainably sourced options, are particularly popular.

Increasing Awareness of Sustainable Fishing Practices: Growing consumer awareness and concern for environmental sustainability are driving demand for canned fish products sourced through sustainable fishing practices. Brands that emphasize eco-friendly practices and certifications, such as MSC (Marine Stewardship Council) certification, can attract environmentally conscious consumers.

Growth of the Retail and E-commerce Sector: The expansion of the retail sector, including supermarkets, hypermarkets, and convenience stores, as well as the growth of e-commerce platforms, has made canned fish products more accessible to a broader consumer base. Online sales, in particular, offer an opportunity for brands to reach new customers and markets.

Urbanization and Changing Lifestyles: Urbanization and changing lifestyles, including increased female workforce participation and smaller household sizes, are driving the demand for convenient, ready-to-eat food products like canned fish.

Globalization and Cultural Exchange: The globalization of food cultures and increasing exposure to different cuisines are expanding the popularity of canned fish products, including those used in traditional and ethnic dishes.

Government and Industry Support: Supportive government policies and initiatives aimed at promoting seafood consumption for health benefits, as well as efforts by industry associations to promote canned fish products, contribute to market growth.

Consumer Trust in Food Safety: The perception of canned fish as a safe and reliable food option, free from contamination concerns often associated with fresh seafood, helps maintain consumer trust and drives market demand.

Segments:

Based on Capacity:

Less than 200 gm

200 to 750 gm

Above 750 gm

Based on Can Type:

Based on End Use:

Food processing industry

Pharmaceuticals industry

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UAE Seafood Market Industry Trends, Report 2023-2030

BlueWeave Consulting, a leading strategic consulting and Market research firm, in its recent study, estimated UAE Seafood Market size by value at USD 1.29 billion in 2023. During the forecast period bexpands24 and 2030, BlueWeave expects UAE Seafood Market size to expand at a CAGR of 3.57% reaching a value of USD 1.93 billion by 2030. UAE Seafood Market has experienced significant growth in recent years, driven by a combination of increasing consumer demand, the government’s initiatives to boost local production, and the country's strategic position as a global trade hub. The market offers a diverse range of seafood, including both locally sourced and imported varieties. Key factors contributing to the market's expansion include the rising health consciousness among consumers, who are increasingly opting for protein-rich, low-fat food options, and the growing popularity of seafood in the region's culinary scene. The UAE's advanced infrastructure, coupled with strong logistics and supply chain networks, has further facilitated the efficient distribution and availability of seafood products.

By volume, BlueWeave estimated UAE Seafood Market size at 3.51 million tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects UAE Seafood Market size to expand at a CAGR of 3.94% reaching a volume of 4.77 million tons by 2030. The government’s efforts have played a crucial role in shaping UAE Seafood Market. Initiatives such as the National Food Security Strategy 2051 aim to enhance the sustainability and self-sufficiency of local seafood production. Investments in aquaculture and sustainable fishing practices are helping to reduce dependence on imports and ensuring a stable supply of high-quality seafood. The implementation of stringent quality control measures and certification standards has also boosted consumer confidence in the safety and quality of seafood products. Therefore, UAE Seafood Market is poised for continued growth, supported by a favorable regulatory environment and an increasing focus on innovation and sustainability in the sector.

Opportunity – Diversification of seafood offerings

UAE Seafood Market is flourishing due to a growing appetite for variety. Consumers, with rising disposable incomes, are seeking new and exciting options beyond traditional fish. The trend creates a demand for premium seafood like lobster, scallops, and exotic species. The market is responding by offering a wider selection, attracting new customers, and boosting overall growth.

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Impact of Escalating Geopolitical Tensions on UAE Seafood Market

Escalating geopolitical tensions, particularly in the Gulf region, have significantly impacted UAE Seafood Market. Trade disruptions and heightened maritime security risks have increased logistical challenges and costs for seafood imports, which the UAE heavily relies on. For instance, tensions between Iran and the US have led to stricter naval patrols in the Strait of Hormuz, a critical passage for global trade. Additionally, the Russia-Ukraine conflict has affected the supply of seafood from Eastern Europe, leading to increased prices and supply shortages. These factors have pushed the UAE to bolster its aquaculture initiatives to reduce dependency on imports and ensure food security amidst an unpredictable geopolitical climate.

Fish Is Most Popular Seafood in UAE Market by Type

UAE Seafood Market, on the basis of type is divided into Fish, Molluscs, and Crustaceans segments. The fish segment holds the largest share in UAE Seafood Market by type. With its diverse range of species including tuna, salmon, and grouper, fish consumption dominates the market due to its popularity among consumers and its versatility in culinary applications. Factors such as cultural preferences, health considerations, and accessibility contribute to the significant demand for fish products. Additionally, the UAE's coastal location and robust fishing industry further bolster the prominence of fish in the seafood market, making it the leading segment in terms of both consumption and economic value.

Fresh/Chilled Seafood Holds Largest Share in UAE Market by Form

By form, UAE Seafood Market is divided into Canned, Fresh/Chilled, and Frozen, and Processed segments. The fresh/chilled segment holds the largest market share, owing to the region's proximity to fishing grounds and the preference for freshly caught seafood. The segment often encompasses a wide variety of fish, shellfish, and crustaceans, catering to both local consumption and export demands. The popularity of fresh seafood aligns with consumer preferences for high-quality, nutritious options. While the canned and frozen segments also hold significance, the fresh/chilled segment tends to dominate due to its appeal to culinary traditions and the growing demand for premium seafood products in the UAE market.

Competitive Landscape

UAE Seafood Market is fiercely competitive. Major companies in the Market include Al Islami Foods, Almunajem Foods, Global Food Industries LLC, Enhance Group Holding Company Limited, Golden Dunes General Trading LLC, Krustasia Foods LLC, Tabuk Fisheries Co., The Deep Seafood Company, and The Savola Group. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in UAE Seafood Market.

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Unveiling the Ingredients: Decoding Quality in Dehydrated Dog Food

Introduction:

In the ever-growing landscape of pet care products, one segment that has gained significant attention is dehydrated dog food. As pet owners become increasingly conscious of what they feed their furry companions, the demand for high-quality, nutritious options has surged. In this blog post, we'll delve into the world of dehydrated dog food, exploring its ingredients and shedding light on what makes it a preferred choice for many pet parents.

Understanding the Dehydrated Dog Food Market:

The dehydrated dog food market has witnessed remarkable growth in recent years, driven by factors such as increasing awareness about pet nutrition, rising disposable incomes, and a shift towards natural and minimally processed foods. Unlike traditional kibble or canned dog food, dehydrated options offer a unique proposition by preserving nutrients through a gentle dehydration process.

Ingredients Matter:

Quality dehydrated dog food stands out for its premium ingredients, carefully selected to provide optimal nutrition for canine companions. Let's take a closer look at some key ingredients commonly found in top-tier dehydrated dog food products:

High-Quality Proteins: Proteins serve as the building blocks for a dog's muscles, organs, and immune system. Look for dehydrated dog foods that feature real, high-quality sources of protein such as chicken, turkey, beef, or fish. These proteins should be free from fillers, by-products, and artificial additives.

Nutrient-Rich Fruits and Vegetables: Just like humans, dogs benefit from a diverse array of fruits and vegetables in their diet. Dehydrated dog foods often include ingredients like sweet potatoes, peas, carrots, blueberries, and spinach, which provide essential vitamins, minerals, and antioxidants.

Healthy Fats: Dogs require a balanced intake of fats for energy, skin and coat health, and overall well-being. Look for dehydrated dog foods that incorporate sources of healthy fats such as salmon oil, flaxseed, or coconut oil. These fats should be rich in omega-3 and omega-6 fatty acids, which support skin and coat health, joint function, and cognitive function.

Natural Preservatives: To maintain freshness without the need for artificial preservatives, quality dehydrated dog food market often utilize natural preservatives such as mixed tocopherols (a source of vitamin E) or rosemary extract. These ingredients help extend shelf life while ensuring the product remains wholesome and nutritious.

Probiotics and Prebiotics: Gut health plays a crucial role in a dog's overall health and immunity. Some premium dehydrated dog foods may contain probiotics and prebiotics, which promote a healthy balance of gut bacteria and aid in digestion and nutrient absorption.

Benefits of Dehydrated Dog Food:

Choosing dehydrated dog food offers several benefits for both pets and their owners:

Nutrient Retention: The dehydration process gently removes moisture while preserving the nutritional integrity of the ingredients, ensuring that dogs receive essential vitamins, minerals, and enzymes.

Convenience: Dehydrated dog food typically comes in lightweight, compact packages that are easy to store and transport, making it convenient for pet owners, especially those with busy lifestyles or limited storage space.

Customization: Many dehydrated dog food brands offer customization options, allowing pet owners to tailor the food to their dog's specific dietary needs, preferences, and health concerns.

Reduced Allergen Risk: By avoiding common allergens and fillers found in traditional dog foods, quality dehydrated options may be suitable for dogs with food sensitivities or allergies.

Conclusion:

As the demand for premium pet nutrition continues to rise, understanding the ingredients that go into quality dehydrated dog food market is paramount for pet owners seeking the best for their canine companions. By prioritizing real, nutrient-rich ingredients and avoiding fillers and artificial additives, pet parents can provide their dogs with a diet that promotes health, vitality, and longevity.

In a market flooded with options, discerning pet owners can make informed choices that prioritize their dog's well-being, ensuring that every meal is a nourishing and enjoyable experience.