Global Shark Liver Oils Market Overview:
Shark Liver Oil is Extracted from the livers of three different Shark species Viz. Deep-Sea Shark (Centrophorus Squamosus), Basking Shark (Cetorhinus Maximus), and the Dogfish Shark (Sqaulus Acanthias). Shark Liver Oils have variety of applications ranging as in the Textile Industry (As a Lubricant) to Personal Consumption for its Health benefits. Shark liver oil is also used along with Cancer Drugs to treat Leukemia and other Diseases as Common Cold, Viral Flu, and Swine Flu. All these properties are owing to the presence of Vitamins, Multiple Fatty Acids, Sterol, Pristane, and Wax Ester in the Oil.
Growth Drivers
- Increasing Health Awareness
- Growing End Use
Market Trends
- Rising Demand for Omega-3 Products due to its Health Benefits
- Increasing R&D on in Healthcare industry
Roadblocks
- Side Effects due to Direct Consumption
- Significant portion of Population Allergic to Fish Biproducts
Opportunities
- High Demand of Skin care Products
- Unexplored Markets
Challenges
- Geographical access to Fisheries
Competitive Landscape:
Key players are exploring the market by investments in research & development along with efficient extraction techniques and collaborations as their preferred strategies. The players are exploring new geographies through expansions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Arbee Biomarine Extracts (India), Arrowhead HealthWorks (United States), Norwegian Fish Oil (Norway), Lysi hf. (Iceland), EGAO CO. LTD. (Japan), NCB Technology (United States), Seven Seas (United Kingdom), Aasha Biochem (India), Perma Healthcare (India) and Hideki International Pvt. Ltd. (Sri Lanka). Analyst at AMA Research see United States and United Kingdom Vendors to retain maximum share of Global Shark Liver Oils market by 2026. Considering Market by Distribution Channel, the sub-segment i.e. Online (E-commerce Websites, Company-owned Websites, 3rd Party Online Sales) will boost the Shark Liver Oils market. Considering Market by Packaging, the sub-segment i.e. Blister will boost the Shark Liver Oils market.
Indian Standard Specification for Shark Liver oil For Veterinary Use; The standard prescribes the requirements and the methods of test for shark liver oil for veterinary use fortified with vitamin D., and United States, FDA “Code of Federal Regulations Title 21” Part 346 (B); the regulation presents the proportions regarding usage of Protectant active ingredients with other minerals including Hard Fat, Kaolin etc
What Can be Explored with the Shark Liver Oils Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Shark Liver Oils Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Shark Liver Oils
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Shark Liver Oils market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Shark Liver Oils market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants & Investors, Shark Liver Oil Manufacturers, Suppliers, Distributers & Dealers of Shark Liver Oil, End Use Industries, Analysts and Strategic Business Planners, Venture Capitalists and Private Equity Firms, Government Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.