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

According to a new market research study on “South and Central 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$ 286.36 million by 2028 from US$ 208.28 million in 2021. The market is estimated to grow at a CAGR of 4.7% from 2021 to 2028.The report provides trends prevailing in the South and Central 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.

Brazil has been ranked the third-most affected economy due to the COVID-19 pandemic regionally. In South and Central America, Brazil has the highest number of COVID-19 cases, followed by Argentina, Colombia, Peru, and Chile, among others. The governments in South and Central America have taken various actions to protect their citizens and combat the spread of the COVID-19 virus through lockdowns, trade bans, and travel restrictions. This may impact the growth of the fish oil market.

The market for South and Central Africa Fish Oil Market is segmented into the species type, application and country. Based on species type, the South and Central 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. South and Central 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, PESQUERA EXALMAR S.A.A.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 South and Central Africa Fish Oil Market is segmented into type and application. Based on species type, the South and Central Africa Fish Oil Market is segmented blue whiting, anchoveta, sardine, capelin, and others. Based on application, the South and Central Africa Fish Oil Market is segmented into pharmaceuticals, animal nutrition and pet food, aquaculture, dietary supplements, and others. By Geographically, South and Central Africa Fish Oil Market is segmented into (Brazil, Argentina and Rest of SCAM).

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