A recent report published by Infinium Global Research on marine ingredients market provides in-depth analysis of segments and sub-segments in the global as well as regional marine ingredients market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional marine ingredients market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global marine ingredients market. According to the report, the global marine ingredients market is projected to grow at a CAGR of 4.9% over the forecast period of 2019-2025.
Marine ingredients market is healthy products used as human food or animal feed. These ingredients are obtained from a different type of sea living organism such as krill, fish, algae, and shellfish. Fish meal and fish oils are more widely used marine ingredients market as compared to the other marine products. As the awareness about the different type of marine ingredients market is increasing among the common mass and new startups are coming up with some innovative application of marine ingredient products, its demand is increasing among them. Further, the development of new technologies and techniques are facilitating the application of the different marine by-products for different purposes. The concentrated marine peptide and proteins, as well as products obtained from different algae, are few new products used as marine ingredients market. Additionally, the growing application of the marine ingredients market in the pharmaceutical industries such as omega-3 fatty acids EPA and DHA concentrates as capsules and supplements are helping to grow the marine nutraceuticals market. Additionally, marine ingredients market is used in several applications, which range from the traditional application as feed ingredients to modern application such as healthy food supplements, cosmetics ingredients, and pharmaceutical ingredients.
The growing application of the different marine ingredients market for pharmaceuticals, cosmetics, feed, and other purposes are helping to grow the demand of the marine ingredients market around the world. Different types of marine ingredients market such as a marine sponge, seaweeds, shark fish, marine turtles, coral, jellyfish, hydras, phytoplankton, and sea funnel are used as key ingredients for the cosmetic ingredients. These marine ingredients market are a rich source of the anti-tumor, anti-microbial and anti-inflammatory agents, hence its application is growing day by day in the pharmaceutical industry. Several marine-based cosmetic and pharmaceutical ingredients are used from a long period, are rich in anti-oxidants, anti-cancer, anti-microbial properties.
Geographically, North America is the major player of the marine ingredients market, owing to the presence of the leading cosmetics and pharmaceutical companies in this region. Additionally, the presence of the several food processing companies and food restaurants chains in this region is expediting the demand of food grade marine ingredients market for human consumption purpose. Europe is the second largest market for the marine ingredients market after North America. The Asia-Pacific market is expected to grow at the highest CAGR during the forecast period owing to the growing demand of different type of marine-based cosmetic, food and medicine among the consumers in this region.
The report on global marine ingredients market covers segments such as product, form, ingredient, and end use. On the basis of product, the sub-markets include fish meal, liquid, and other products. On the basis of form, the sub-markets include powder and liquid. On the basis of ingredient, the sub-markets include protein, fatty acids, and other ingredients. On the basis of end use, the sub-markets include poultry feed, animal food, food & beverages, infant formula, pharmaceuticals, cosmetics & personal care, and other end use.
The report provides profiles of the companies in the market such as Titan Biotech Ltd, Gelita AG, Alaska Protein Recovery LLC, A. Costantino & C. S.P.A, Bio-Oregon Protein, Scanbio SA, Symrise AG, SA Copalis, and TripleNine Fish Protein A/S.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of marine ingredients market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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