North America Marine Ingredients Market, By Product Type (Fish Meal, Fish Oil, Marine Proteins, Marine Peptides, Marine Collagen, Fish Bone, and Others), Ingredients (Protein, Ash, Fatty Acids, Vitamins, Fat, Enzymes, and Others), Form (Liquid and Powder), Raw Material (Whole Fish and By-Product), Source (Krill, Algae, Fish, Squid, and Others), Application (Animal and Aquaculture Feed, Pet Food, Dietary Supplements, Food and Beverages, Pharmaceutical, Personal Care and Cosmetics, and Others) – Industry Trends and Forecast to 2031.
Marine Ingredients Market Analysis
In pharmaceuticals, marine ingredients serve as a valuable source of bioactive compounds with potential therapeutic benefits. Marine ingredients are researched for their potential applications in drug development, including anti-inflammatory, antimicrobial, antioxidant, and anti-cancer activities. Marine-derived compounds show promise in addressing a wide range of health conditions, from cardiovascular diseases to neurological disorders. With ongoing research and development efforts, marine ingredients continue to be explored for their pharmaceutical potential, contributing to the advancement of medicine and healthcare.
Marine Ingredients Market Size
North America marine ingredients market size was valued at USD 27.10 billion in 2023 and is projected to reach USD 36.52 billion by 2031, with a CAGR of 3.8% during the forecast period of 2024 to 2031. 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.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024-2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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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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Product Type (Fish Meal, Fish Oil, Marine Proteins, Marine Peptides, Marine Collagen, Fish Bone, and Others), Ingredients (Protein, Ash, Fatty Acids, Vitamins, Fat, Enzymes, and Others), Form (Liquid and Powder), Raw Material (Whole Fish and By-Product), Source (Krill, Algae, Fish, Squid, and Others), Application (Animal and Aquaculture Feed, Pet Food, Dietary Supplements, Food and Beverages, Pharmaceutical, Personal Care and Cosmetics, and Others)
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Countries Covered
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U.S., Canada, Mexico
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Market Players Covered
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Cargill, Incorporated. (U.S.), Symrise (Germany), KD Pharma Group SA (Germany), Omega Protein Corporation (U.S.), Abyss Ingredients (France), Algaia (France), American Seafoods Company LLC (U.S.), Bio-marine Ingredients Ireland (Ireland), COBIOSA (Spain), GONMISOL (Spain), Hofseth BioCare ASA (Norway), Kodiak Fishmeal Company (U.S.), NutriFish (Canada), OLVEA FISH OILS (France), Pacific Seafood (U.S.), Pelagia (Norway), TerraMar Ingredients (U.S.), Sea Pride LLC (U.S.), The Scoular Company (U.S.), and Vesteraalens (Norway)
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Market Opportunities
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Marine Ingredients Market Definition
Marine ingredients are bioactive compounds derived from marine organisms such as fish, algae, and seaweed. These ingredients include proteins, omega-3 fatty acids, collagen, and antioxidants, which are used in various applications like dietary supplements, functional foods, pharmaceuticals, and cosmetics. They are valued for their nutritional benefits, sustainability, and their role in promoting health and wellness.
Marine Ingredients Market Dynamics
Drivers
- Rising Health Awareness among Consumers
People are becoming more conscious of their health and well-being. They are actively seeking out natural and sustainable sources of nutrients. Marine ingredients, including omega-3 fatty acids, marine collagen, and algae-derived nutrients, are increasingly recognized for their potential health benefits, such as cardiovascular support, skin health, and cognitive function. This heightened awareness drives demand for marine-derived supplements, functional foods, and cosmetics, creating opportunities for companies in the marine ingredients industry to innovate and meet evolving consumer preferences. Scientific research continues to uncover the health-promoting properties of marine collagen ingredients and other marine-derived compounds, and their popularity is expected to increase further.
- Rising Sustainable Sourcing
Marine ingredients sourced from well-managed fisheries and aquaculture operations offer a renewable and eco-friendly alternative to land-based resources. Companies investing in sustainable sourcing demonstrate a commitment to preserving marine ecosystems, which resonates with environmentally conscious consumers. Moreover, sustainable sourcing practices ensure long-term viability of marine ingredient supply chains, reducing the risk of overexploitation and ecosystem degradation. As sustainability becomes a key consideration in purchasing decisions, demand for responsibly sourced marine ingredients continues to grow, driving market expansion and fostering a more environmentally friendly industry.
Opportunities
- Rise in Product Development
Advancements in extraction, purification, and formulation technologies enable the creation of high-quality marine-derived ingredients with improved bioavailability and efficacy. This fosters the development of innovative products across sectors such as dietary supplements, pharmaceuticals, cosmetics, and functional foods. Research into novel marine sources and compounds uncovers new bioactive ingredients with potential health benefits, driving further market growth. Companies investing in research and development initiatives to harness the full potential of marine resources are poised to capitalize on emerging opportunities and maintain competitiveness in the dynamic marine ingredients market landscape.
- Growing Regulatory Support
Government regulations and guidelines often promote the use of marine ingredients in nutraceuticals, functional foods, pharmaceuticals, and cosmetics due to their proven health benefits and safety profiles. Clear regulations ensure product quality, safety, and efficacy, instilling consumer confidence and driving market growth. Regulatory bodies may offer incentives or subsidies to encourage research and development in marine-derived products, fostering innovation and expansion within the industry.
Restraints/Challenges
- Higher Production Costs of Marine Ingredients
Extracting valuable compounds from marine organisms, especially those found in deep-sea environments or remote locations, often requires sophisticated and costly technologies. Maintaining sustainable fishing practices and ensuring compliance with regulatory standards adds to production expenses. These elevated costs can ultimately translate into higher prices for marine-derived products, potentially limiting consumer accessibility and market penetration. As a result, companies in the marine ingredients sector face pressure to optimize production processes and minimize costs while maintaining product quality and sustainability standards.
- High Competition from Plant-Based Alternatives
Consumer preferences shift towards plant-based diets driven by environmental, ethical, and health concerns, which leads to the rise in demand for plant-derived omega-3 fatty acids and proteins. This trend poses a direct challenge to marine ingredients, particularly in the nutraceutical and functional food sectors, where plant-based alternatives offer comparable nutritional profiles without the environmental impact associated with fishing and aquaculture. In addition, advancements in technology and production methods for plant-based alternatives enhance their taste, texture, and nutritional value, further intensifying competition in the market.
This 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 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.
Recent Developments in Marine Ingredients Market
- In 2022, DSM Nutritional Products acquired Aker BioMarine, a Norwegian company specializing in krill oil production. This acquisition enhances DSM's portfolio in the marine ingredients market, particularly in omega-3 fatty acids derived from krill oil, which are valued for their cardiovascular and cognitive health benefits
- In 2021, Lonza Group acquired Nutrasource, a Canadian firm specializing in the manufacturing of marine collagen. This move allows Lonza to expand its presence in the beauty and wellness segments, leveraging Nutrasource’s expertise in high-quality marine collagen, which is sought after for its skin and joint health benefits
- In 2020, BASF purchased Croda International, a British firm that specializes in natural ingredient production. By acquiring Croda, BASF strengthened its position in the marine ingredients market, particularly in sustainable and natural products, catering to the growing consumer demand for eco-friendly and health-focused ingredients
Marine Ingredients Market Scope
The market is segmented on the basis of product type, ingredients, form, raw material, source, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Product Type
- Fish Meal
- Fish Oil
- Marine Proteins
- Marine Peptides
- Marine Collagen
- Fish Bone
- Others
Ingredients
- Protein
- Ash
- Fatty Acids
- Vitamins
- Fat
- Enzymes
- Others
Form
- Liquid
- Powder
Raw Material
- Whole Fish
- By-Product
Source
- Krill
- Algae
- Fish
- Squid
- Others
Application
- Animal and Aquaculture Feed
- Pet Food
- Dietary Supplements
- Food and Beverages
- Pharmaceutical
- Personal Care and Cosmetics
- Others
North America Marine Ingredients Market Regional Analysis
The market is analyses and market size, volume information is provided by country, product type, ingredients, form, raw material, source, and application as referenced above.
The countries covered in the market report are U.S., Canada, and Mexico.
The U.S. is expected to dominate the market due to the increasing consumer preference for organic marine ingredients, which aligns with a broader trend towards healthier and more sustainable food options. American companies are leveraging advanced technologies and sustainable practices to meet this growing demand, further solidifying their market position.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as 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.
Marine Ingredients Market Share
The 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 organic coffee market.
Some of the major players operating in the market are:
- Cargill, Incorporated. (U.S.)
- Symrise (Germany)
- KD Pharma Group SA (Germany)
- Omega Protein Corporation (U.S.)
- Abyss Ingredients (France)
- Algaia (France)
- American Seafoods Company LLC (U.S.)
- Bio-marine Ingredients Ireland (Ireland)
- COBIOSA (Spain)
- GONMISOL (Spain)
- Hofseth BioCare ASA (Norway)
- Kodiak Fishmeal Company (U.S.)
- NutriFish (Canada)
- OLVEA FISH OILS (France)
- Pacific Seafood (U.S.)
- Pelagia (Norway)
- TerraMar Ingredients (U.S.)
- Sea Pride LLC (U.S.)
- The Scoular Company (U.S.)
- Vesteraalens (Norway)
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