Pharmaceuticals segment has the Largest Share of Application in the Middle East and Africa Fish Oil Market during 2021–2028 

According to a new market research study on “Middle East and Africa Fish Oil Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Species Type, Application and Country” is expected to reach US$ 131.90 million by 2028 from US$  106.36 million in 2021. The market is estimated to grow at a CAGR of 3.1% from 2021 to 2028.The report provides trends prevailing in the Middle East and Africa fish oil market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to various health benefits associated with fish oil and wide range of applications of fish oil in different industries are the key factors driving the market growth, however, the market is expected to experience slow growth during the forecast period owing to adverse climatic conditions along with ecological risk.

In the Middle East & Africa region, South Africa and Israel are among the major countries with a high number of COVID-19 confirmed cases and deaths. The Middle East & Africa region comprises many growing economies, which are prospective markets for fish oil vendors.

The market for Middle East and Africa Fish Oil Market is segmented into the species type, application and country. Based on species type, the Middle East and Africa Fish Oil Market is segmented into blue whiting, anchoveta, sardine, capelin, and others. In 2021, blue whiting the segment accounted for the largest market share and however sardine registered the highest CAGR during the forecast period. Middle East and Africa fish oil market. Blue Whiting. A fish species of the cod family that is widespread and common in the northeast Atlantic. With the rising adoption of healthier lifestyle, the demand for fish oil is also expected to increase in the coming years. Blue whiting fish oil is a potential source of omega-3 fatty acids.

TRIPLENINE, FF SKAGEN A/S, DSM, CRODA INTERNATIONAL PLC, BASF SE.The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The market for Middle East and Africa Fish Oil Market is segmented into type and application. Based on species type, the Middle East and Africa Fish Oil Market is segmented blue whiting, anchoveta, sardine, capelin, and others. Based on application, the Middle East and Africa Fish Oil Market is segmented into pharmaceuticals, animal nutrition and pet food, aquaculture, dietary supplements, and others. By Geographically, Middle East and Africa Fish Oil Market is segmented into (Germany, France, UK, Italy, Russia, and Rest of Middle East and Africa).

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