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Global Shark Liver Oil Market to Grow at a Healthy Pace During 2021-2026, Driven by Associated Health Benefits of the Product

According to a new report by EMR titled, ‘Global Shark Liver Oil Market Report and Forecast 2021-2026’, the global market for shark liver oil is aided by the rising squalene market, which is expected to grow at a CAGR of 7.2% in the forecast period of 2021-2026 to reach USD 178 million by 2026.

The global market for shark liver oil is anticipated to grow in the forecast period owing to its health benefits and a rising population of health-aware consumers. The widespread use of shark liver oil in various end-use industries is aiding the market growth. The rising usage of the oil in medicine and food, due to its anti-depressive, anti-cancerous, and anti-psychotic properties is expected to drive the market growth. Rapid urbanisation, changing consumer preferences, and rising disposable incomes are expected to further propel the market growth. The expansion of the retail channels of shark liver oil like is expected to provide a further boost to the market growth.

Egao Co. Ltd. is one of the leading key players in the global market for shark liver oil. The company’s Samedama Shark Liver Oil received a Gold Award in the 2016 Monde Selection. As of February 2021, as researched by Tokyo Shoko Research, Ltd., the company ranked as number one in Japan’s shark liver oil health food home shopping market for 13 years in a row. Owing to the increasing population of health-conscious customers and the wide range of applications of the oil, the cumulative sales total for the company, at the end of August 2020, exceeded 26,000,000 bags. The rising awareness among the consumers is likely to further boost the market growth in the coming years.

Market Analysis by Type, Distribution Channels, Application, and Region:

  • The market based on type can be divided into deep sea shark, dogfish, and basking shark, among others.
  • Based on distribution channels, the market can be divided into direct sales and indirect sales. Indirect sales can be further segmented into specialty stores, pharmaceutical stores, and online, among others.
  • Based on application, the market is segmented into food industry, textile, pharmaceuticals, fuel, and cosmetics and personal care, among others.
  • The regional markets for shark liver oil include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The shark liver oil industry is being driven by the rising awareness of its health benefits.
  • The rapidly growing end-use industries are contributing significantly to the market growth, especially in emerging countries.
  • The superior anti-depressive, anti-cancerous, and anti-psychotic properties of shark liver oil are helping it make its way into the pharmaceutical industry, thus, providing further impetus for the market growth.
  • The market is expected to witness a further expansion in the coming years due to a huge increase in health-conscious customers and changing consumer preferences.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for shark liver oil for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the type, distribution channels, applications, and regional markets of shark liver oil.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global shark liver oil market are Arbee Group, Egao Co. Ltd., Norwegian Fish Oil AS, Bawa Fishmeal & Oil Company, and Lýsi hf, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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