Data Bridge Market Research analyses that the squid oil market is expected to reach USD 7.75 billion by 2030, which is USD 4.21 billion in 2022, registering a CAGR of 7.90% during the forecast period of 2023 to 2030.
Market Definition
Squid has a unique biology compound that requires a different storage strategy similar to seafood. It grows more quickly and lives for a brief time than other sea species. Multi-compounds such as DHA, EPA and other essential polyunsaturated fatty acids are found in this oil which is extracted from discarded squid viscera. This squid oil was refined in a semi-continuous flow extractor at 25 to 50 °C and 8 to 17 MPa using supercritical carbon dioxide and ethanol.
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Some of the major players operating in the squid oil market are:
- King Fish Products (India)
- Bawa Fishmeal & Oil Co. (India)
- Aksha Fish Meal & Oil Company (India)
Scope of the squid oil for feed market Market Report:
The squid oil market is segmented on the basis of culture and applications. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Culture
- Freshwater
- Marine
- Brackish Water
Applications
- Fertilizers
- Aquaculture
- Pharmaceutical
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squid oil for feed market Market Regional Analysis/Insights
The squid oil for feed market market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the squid oil for feed market market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement squid oil for feed market within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement squid oil for feed market market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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