About Marine Ingredients
Marine ingredients are healthful goods that are mostly used in human and animal nutrition. Sea living things such as krill, algae, shellfish, and fish provide the marine elements. These ingredients are well-known for their vitamin and nutrient content. Proteins, amino acids, carbohydrates, vitamins (A, B, and C), and oligo-elements such as copper, iron, and zinc are abundant in algae (both macro and micro). All of these active ingredients help with hydration, firming, slimming, shine, and protection. Marine organisms live in a variety of settings. Photoprotective chemicals can be obtained from organisms exposed to high levels of light radiation, such as those seen in tropical environments or in shallow water. Similarly, compounds with antioxidant potential can be produced from microorganisms found in harsh environments such as hydrothermal vents. For the cosmetics sector, marine resources constitute an intriguing supply of active chemicals.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Marine Ingredients market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill, Incorporated. (United States), Symrise AG (Germany), KD Pharma Group (Germany), Omega Protein Corporation (United States), Abyss Ingredients (France), Algaia SA (France), American Seafoods Company LLC. (United States), Bio-marine Ingredients Ireland Ltd. (Ireland), COBIOSA (Spain) and Gonmisol (Spain) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Hofseth BioCare (Norway), Kodiak Fishmeal Company (United States), OLVEA Fish Oils (France), Pacific Seafood. (United States) and Pelagia AS (Norway).
Segmentation Overview
AMA Research has segmented the market of Global Marine Ingredients market by Type (Fish Meal, Fish Oil, Marine Proteins, Marine Peptides, Marine Collagen, Fish Bone and Others), Application (Animal and Aquaculture Feed, Pet Food, Dietary Supplements, Food & Beverages, Pharmaceutical,, Personal Care and Cosmetics, and Others) and Region.
On the basis of geography, the market of Marine Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Liquid will boost the Marine Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ingredients, the sub-segment i.e. Protein will boost the Marine Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Krill will boost the Marine Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Natural Ingredients
Market Growth Drivers:
Increasing Applications Across Food and Cosmetics and Growing Number of Artificial Farms
Challenges:
Fierce Competitive pressure
Restraints:
Supply Limitations and Adverse Climatic Conditions
Opportunities:
Growth Across Marine and Fishing Industry
Market Leaders and their expansionary development strategies
In February 2024, The French leading player in bio-based chemistry has acquired Givaudan industrial site Naturex Iberian Partners, in Valencia, Spain. and With this acquisition, Groupe Berkem significantly increases its production capacity in plant extraction for the "Health, Beauty and Nutrition" division.
In November 2022, Merck launched new marine cosmetic ingredients, Merck presents two new cosmetic active ingredients for the Asian Pacific market at this year's in-cosmetics™ Asia that takes place in Bangkok from Nov 1-3: RonaCare® JouvaMer and RonaCare® ReviMer.
Key Target Audience
New Entrants and Investors, Marine Ingredients Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.