Global Squid Oil Market, By Culture (Freshwater, Marine, Brackish Water), Applications (Fertilizers, Aquaculture, Pharmaceutical) – Industry Trends and Forecast to 2030.
Squid Oil Market Dynamics Analysis and Size
Squid is a popular seafood all around the globe. It is versatile, cheap, and tasty. It can be boiled, braised, grilled, seared, and even eaten raw as sashimi. One of the most popular preparations for squid is squid oil. This is commonly referred to as calamari oil, though the term 'calamari' theoretically includes any squid eaten as food. Moreover, squid is higher in fatty acid docosahexaenoic acid (DHA) than in other seafood. Docosahexaenoic acid (DHA) has been shown to increase resting heart rate.
Data Bridge Market Research analyses that the squid oil market is expected to reach USD 7.75 billion by 2030, which is USD 4.21 billion in 2022, registering a CAGR of 7.90% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Squid Oil Market Dynamics Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 - 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Culture (Freshwater, Marine, Brackish Water), Applications (Fertilizers, Aquaculture, Pharmaceutical)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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King Fish Products (India), Bawa Fishmeal & Oil Co. (India), Aksha Fish Meal & Oil Company (India)
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Market Opportunities
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Market Definition
Squid has a unique biology compound that requires a different storage strategy similar to seafood. It grows more quickly and lives for a brief time than other sea species. Multi-compounds such as DHA, EPA and other essential polyunsaturated fatty acids are found in this oil which is extracted from discarded squid viscera. This squid oil was refined in a semi-continuous flow extractor at 25 to 50 °C and 8 to 17 MPa using supercritical carbon dioxide and ethanol.
Global Squid Oil Market Dynamics
Drivers
- Increasing consumption of squid oil to maintain heart health
The connection between omega-3 fatty acids in heart health and squid Oil has been well researched. However, the balance of fatty acids in squid oil somewhat different than normal fish oils on the market. The higher presence of fatty acid docosahexaenoic acid (DHA) in squid than in other seafood increase the demand for the squid oil. Fatty acid docosahexaenoic acid (DHA) has been shown to increase resting heart rate. Therefore, the Increasing consumption of squid oil to maintain heart health is expected to drive the market's growth rate.
- Surging demand of squid oil due to multiple advantages
Squid oil is rich in healthy fats and has a high mineral and vitamin content. It not only comprises high trace minerals and Omega 3 content but also increases iron absorption in the body. It has high selenium content and other minerals and vitamins. As a result of this, its consumption promotes DNA synthesis, and nerve and red blood cell formation. Therefore, the high nutritional benefits of squid oil are anticipated to drive the growth of the market during the forecast period.
Opportunities
- Aquaculture as a form of livelihood
Global aquaculture production has augmented as a result of population growth, increasing incomes in developing countries. The growing consumption of seafood at the expenditure of staple foods is positively related to the consumption of animal protein. Global seafood consumption is growing faster than the rising global population due to increasing urbanization and income foreign exchange. Squid and other aquaculture are progressively becoming a major source of protein, livelihoods, and population well-being globally.
Restraints/ Challenges
- Multiple issues associated with squid oil
Microbial contamination and broad usage of substitute feed ingredients are expected to impede the growth of the squid oil market during the forecast period. Moreover, fluctuations in prices of raw materials used in the production of squid oil will be a major restraint to the market growth during the forecast period. Also, aquaculture has been gaining more attention for the usage of alternative sources of proteins might further challenge the growth of the market in the near future.
This squid oil market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the squid oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Squid Oil Market Scope
The squid oil market is segmented on the basis of culture and applications. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Culture
- Freshwater
- Marine
- Brackish Water
Applications
- Fertilizers
- Aquaculture
- Pharmaceutical
Squid Oil Market Regional Analysis/Insights
The squid oil market is analyzed and market size insights and trends are provided by country, product culture and applications as referenced above.
The countries covered in the squid oil market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the squid oil market in terms of revenue and market share owing to the rise in aquaculture growth. Moreover, the increase in the usage of squid oil will further boost the market growth in the region.
Europe is anticipated to be the fastest growing region in the squid oil market during the forecast period of 2023-2030 owing to the modification with big firms. Furthermore, the rise in the requirement for aquatic feed additives is further expected to boost the growth of the market in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Squid Oil Market Share Analysis
The squid oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to squid oil market.
Some of the major players operating in the squid oil market are:
- King Fish Products (India)
- Bawa Fishmeal & Oil Co. (India)
- Aksha Fish Meal & Oil Company (India)
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