Pharmaceuticals segment has the Largest Share of Application in the North America Fish Oil Market during 2021–2028 

According to a new market research study on “North America Fish Oil Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Species Type, Application and Country” is expected to reach US$ 760.88 million by 2028 from US$ 454.65 million in 2021. The market is estimated to grow at a CAGR of 7.6% from 2021 to 2028.The report provides trends prevailing in the North America 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 industriesare 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.

North America is one of the worst affected regions due to the COVID-19 pandemic. The US had the highest number of confirmed cases of COVID-19. The unprecedented rise in the number of COVID-19 cases across the US and Canada and the subsequent lockdown of numerous manufacturing facilities in the countries have negatively influenced the growth of the various markets. The significant disruption in manufacturing, along with raw material sourcing, has had a negative impact on the demand for fish oil in the region. The crisis adversely affected the food & beverages industry in the region due to a restricted supply chain, raw material shortage, and shutdown of manufacturing units. However, the market is reviving on account of the government's significant measures, such as vaccination drives. With the state of economic recovery, several industrial sectors are strategically planning to invest in advanced products to maximize revenue. This is expected to provide the impetus for market growth. The short-term impact of the COVID-19 pandemic on the fish oil market in major countries of North America is shown in the figure below.

The market for North America Fish Oil Market is segmented into the species type, application and country. Based on species type, the North America 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. North America 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, OMEGA PROTEIN CORPORATION .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 North America Fish Oil Market is segmented into type and application. Based on species type, the North America Fish Oil Market is segmented blue whiting, anchoveta, sardine, capelin, and others. Based on application, the North America Fish Oil Market is segmented into pharmaceuticals, animal nutrition and pet food, aquaculture, dietary supplements, and others. By Geographically, North America Fish Oil Market is segmented into (US, Canada, and Mexico).

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