Calamari Oil by Application (Overview: Global Calamari Oil Consumption Value, Fertilizer, Aquaculture, Pharmaceutical, Others), by Type (Overview: Global Calamari Oil Consumption Value, Capsules, Liquid), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
Market Overview:
The global calamari oil market is anticipated to reach a substantial market size of million by 2033, exhibiting a promising CAGR of 8.2%. This growth is primarily driven by the increasing demand for omega-3 fatty acids in various applications such as fertilizer, aquaculture, pharmaceuticals, and nutraceuticals. The rising awareness of the health benefits of omega-3s is fueling the demand for calamari oil, which is a rich source of these essential fatty acids. Additionally, the growth of the aquaculture and pharmaceutical industries is creating significant opportunities for the calamari oil market.
Key Market Segments and Competitive Landscape:
In terms of application, fertilizer accounts for the largest share of the calamari oil market, followed by aquaculture, pharmaceuticals, and others. Based on type, the market is segmented into capsules and liquid, with capsules dominating the market. Regional analysis reveals that North America and Asia Pacific are the key markets for calamari oil consumption, driven by high disposable income, increasing health consciousness, and the presence of major oil producers. Leading companies operating in the calamari oil market include King Fish Products, Impextraco NV, Landbridge Ltd., Coastal Group, and Star Fish Exports. These companies are focusing on product innovation, geographical expansion, and strategic partnerships to maintain their market share and capitalize on the growing demand for calamari oil.
The calamari oil market has been witnessing significant growth in recent years, driven by increasing consumer awareness of its health benefits and rising demand from various industries. The global calamari oil consumption value is projected to reach USD 356.8 million by 2028, exhibiting a CAGR of 7.6% during the forecast period (2022-2028). This growth can be attributed to the growing popularity of marine-based ingredients in food, nutraceutical, and cosmetic products, as well as the increasing demand for sustainable and natural sources of nutrients. Additionally, rising health consciousness among consumers and the growing prevalence of chronic diseases have further fueled the demand for calamari oil as a natural remedy.
The growth of the calamari oil market is primarily driven by the following factors:
Increasing consumer awareness of the health benefits of calamari oil: Calamari oil is a rich source of omega-3 fatty acids, EPA, and DHA, which have been linked to various health benefits. These fatty acids are essential for maintaining heart health, reducing inflammation, and supporting brain function. As more consumers become aware of these benefits, the demand for calamari oil is expected to continue to rise.
Rising demand from various industries: Calamari oil is used in a wide range of industries, including food, nutraceutical, and cosmetic. In the food industry, calamari oil is used as an ingredient in salad dressings, mayonnaise, and other products. In the nutraceutical industry, calamari oil is used as a dietary supplement for cardiovascular health, brain function, and anti-inflammatory purposes.
Growing demand for sustainable and natural sources of nutrients: Consumers are increasingly seeking natural and sustainable sources of nutrients, and calamari oil fits this trend. Calamari oil is derived from a sustainable source, the squid, and it is a natural product that is minimally processed.
Despite the growth potential, the calamari oil market faces a few challenges and restraints.
The high cost of calamari oil: Calamari oil is relatively expensive compared to other sources of omega-3 fatty acids, which can limit its adoption.
Sustainability concerns: The sustainability of calamari oil production is a concern, as squid populations are declining in some parts of the world. This has led to concerns about the long-term availability of calamari oil.
The Asia Pacific region is expected to dominate the global calamari oil market due to the increasing demand from China, Japan, and South Korea. These countries have a high consumption of seafood and are increasingly seeking natural and sustainable sources of nutrients. Furthermore, the growing awareness of the health benefits of calamari oil is expected to further drive demand in the Asia Pacific region.
The Pharmaceutical segment is expected to dominate the global calamari oil market due to the increasing demand for calamari oil as a dietary supplement for cardiovascular health, brain function, and anti-inflammatory purposes.
The growth of the calamari oil industry is expected to be catalyzed by the following factors:
Increasing demand for functional food ingredients: Calamari oil is a functional food ingredient that can be used to enhance the nutritional value of food products. This is especially important as consumers are increasingly seeking healthier food options.
The growing popularity of marine-based ingredients: Marine-based ingredients are becoming increasingly popular in food, nutraceutical, and cosmetic products due to their unique health benefits. Calamari oil is one such ingredient that is expected to benefit from this trend.
The development of new technologies for the extraction and purification of calamari oil: New technologies are being developed to improve the efficiency and sustainability of calamari oil production. These technologies are expected to make calamari oil more affordable and accessible to consumers.
Recent significant developments in the calamari oil sector include:
In 2021, King Fish Products N.V. announced the launch of a new calamari oil product, Superba BOOST, which is a high-EPA calamari oil intended for the sports nutrition market.
In 2022, Impextraco N.V. announced a partnership with a leading Chinese food ingredient company to distribute calamari oil in China.
This report provides a comprehensive overview of the calamari oil market, including the market size, growth drivers, challenges, and opportunities. The report also includes profiles of the leading players in the market. The report is intended to provide a comprehensive understanding of the market to help decision-makers make informed decisions.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 8.2% from 2019-2033 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 8.2% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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