Fish oil is an oil extracted from fatty fish, rich in eicosapentaenoic acid (EPA), docosahexaenoic acid (DHA) and a variety of N-3 polyunsaturated fatty acids (N-3PUFA), which are essential unsaturated fatty acids for the human body. EPA can clean up vascular waste, soften blood vessels, and improve immunity, and is known as a "vascular scavenger";DHA is often used in pregnant women and infants, and DHA can promote the normal growth and development of the brain through the intake of DHA, so as to have the so-called brain nootropic effect, commonly known as "brain**".
At present, the production of crude fish oil is mainly distributed in several countries such as Northern Europe and South America, and all domestic fish oil mainly relies on imports. This article examines refined fish oil, which is a series of refinements of crude fish oil. Through purification, neutralization, and decolorization, a large number of impurities, pigments, heavy metals and peroxides can be removed in this process, but there are still some plasticizers and odors that have not been removed, and they still need to go through the deodorization process. Refined grade fish oil is mainly used in food and beverages, health products, medicines, as well as aquatic feed and animal feed.
Most of the fish used to extract fish oil are deep-sea fish species such as anchovies, sardines, and tuna. Because deep-sea fish are affected by marine pollution and climate, there will be contaminants in the process of extracting fish oil, especially arsenic and plasticizers, which will cause their health standards to fall short of food safety requirements, and they must be removed through a refining process. The refining process is the core competitiveness of fish oil manufacturers in the industry.
Refined fish oil is usually a series of refinements of fish oil crude oil. Through purification, neutralization, and decolorization, a large number of impurities, pigments, heavy metals and peroxides can be removed in this process, but there are still some plasticizers and odors that have not been removed, and they still need to go through the deodorization process. The fish oil processing process is the same as the normal refining steps for regular fats. The difference is that fish oil is susceptible to oxidation and is very sensitive to temperature, and too high a temperature will destroy its nutritional value and produce trans fatty acids, so the range of temperature control is very strict. The control of many details in the processing process is a key factor in ensuring the quality of fish oil. In fact, after the deodorization of fish oil, it is not molded for use in the dairy and pharmaceutical industries, and there are no safety problems. For nutraceutical softgels or liquid products, if consumers see "precipitation" in fish oil, it will affect the look and feel. Therefore, the leading manufacturers in the industry will precipitate the stearin through the freezing filtration process to ensure the quality of the fish oil while pursuing the beauty of the appearance.
Analysis of the current status of the refined grade fish oil industry
The market is growing steadily
Fish oil is highly regarded worldwide as an important health supplement and feed additive. According to China Customs data, China's fish oil imports in 2022 amounted to 86,130 tons, an increase of 33 percent year-on-year6%；Fish oil exports were 22,587 tonnes, down 17% year-on-year. With the continuous improvement of health care awareness in recent years, the demand for fish oil health care products is increasing, and the fish oil industry will usher in sustainable and stable development opportunities driven by the huge demand for health care.
Manufacturing technology improvementsThe refined grade fish oil industry has made technological improvements to improve the quality and purity of its products. Manufacturers employ a variety of techniques, such as supercritical fluid extraction and molecular distillation, to remove impurities and heavy metals from fish oil and ensure that the product meets quality standards.
Overseas brands occupy a large part of the marketAt present, there are 216 health foods approved with fish oil as raw materials in China, and the market size is relatively smallThere are more than 400 brands of fish oil products sold in the market, but most of them are overseas brand products, and foreign brands account for a large proportion of China's fish oil market.
The development trend of refined grade fish oil
China's local emerging brands are rising rapidly
Fish oil is widely used in the field of health supplements and is highly respected all over the world. According to the data, from 2015 to 2022, the market size of China's health care products industry continued to rise, and the market size of China's health care products industry in 2022 was about 298.9 billion yuan, an increase of 10% year-on-year4%。China's local brand Tomson Beijian said that the retail scale of its fish oil products in the pharmacy channel in key cities ranks first in the industry. The accelerated entry and layout of local health care brands into the fish oil industry has promoted the arrival of the national tide situation in the health care products industry, and more consumers have chosen local health care products, promoting the rapid rise of local emerging brands.
The relevant national production supervision policies are clearer and stricterChina has promulgated relevant measures, general principles and industry standards for the fish oil industry from raw material safety testing to the processing and production of various specific products, and promulgated clearer and stricter fish oil production standards to ensure the safety and reliability of fish oil products, and also put forward higher production standards for relevant production enterprises.
Market competition has intensifiedAs market demand grows, so does competition in the refined grade fish oil industry. Many manufacturers enter the market, offering a variety of brands and product options. In order to remain competitive, manufacturers focus on product quality, innovative R&D and marketing strategies.
Multi-channel sales and promotionWith the rise of e-commerce platforms and social networks, refined-grade fish oil companies will actively use these channels to expand sales. At the same time, increase product awareness and market share through strategies such as brand building, scientific communication, and clinical support.
Overall scale analysis of global refined grade fish oil
According to QYR statistics, the global refined grade fish oil market sales reached 37$400 million, which is expected to reach $45 by 2029$300 million, with a compound annual growth rate (CAGR) of -039%（2023-2029）。At the regional level, the Chinese market has changed rapidly in the past few years, with a market size of 3$9.9 billion, accounting for about 106% and is expected to reach 59.2 billion US dollars, and the global share will reach 324%。
In terms of consumption, North America is currently the world's largest consumer market, accounting for 34% of the market share in 2022, followed by Europe and China, with 268% and 106%。China is expected to grow the fastest in the coming years, with a CAGR of around 324%。
On the production side, Peru, Europe, North America and Chile are the core production regions, which will occupy each of them in 2022. 6% and 121%。It is expected that the Chinese region will maintain the fastest growth rate in the next few years, and the share is expected to reach 62%。
In terms of type, feed-grade fish oil has the largest share, with a share expected to reach 65% in 2029, with food-grade and pharmaceutical-grade fish oil expected in the coming years.
From the perspective of manufacturers, globally, the core manufacturers of refined grade fish oil are mainly distributed in Europe, North America and South America, North American and European brands, the industry is well-known and occupies an active position. In South America and Northern Europe, there are many crude and refined fish oil manufacturers, especially the main feed grade fish oil. China currently relies on crude fish oil imports from South America and Europe and processes it into refined fish oil for use in the domestic feed industry and also exports to North America and Europe. In addition, China mainly relies on imports from the United States and Europe for high-end fish oil products in the domestic market.
At present, in the domestic market, there are many brands of fish oil capsules, but there are relatively few refined fish oil enterprises, and the current refined fish oil enterprises mainly include Shandong Yuwang Pharmaceutical***Noah Shengnuo (Taicang) Biotechnology***Fujian Haifute Biotechnology Co., Ltd.***Guangdong Gaomei Feed***Zhoushan Xinnuojia Bioengineering Co., Ltd., Zhonghai Marine Science and Technology Co., Ltd.***Fujian Gaolong Marine Biological Engineering***Guangdong Shunxin Marine Fishery Group***Fujian Tianma Technology Group Co., Ltd.*** Rongcheng Ailes Marine Biotechnology Co., Ltd., Deyang Huatai Biopharmaceutical Co., Ltd., Jiangsu Weisikang Food Science and Technology Development, Anhui Xinzhou Marine Biological Products, Jiangsu Aoqi Marine Bioengineering, Sichuan Xinmeijia Biomedicine, and Xinhua Pharmaceutical, etc.
This article analyzes the full version of the [2023-2029 Global and China Refined Grade Fish Oil Market Status and Future Development Trend] published by QYResearch Research
This report examines the capacity, volume, volume, sales,** and future trends of refined grade fish oil in the global and China markets. It focuses on the analysis of product characteristics, product specifications, sales volume, sales revenue and market share of major manufacturers in global and Chinese market. Historical data from 2018 to 2022 and **data from 2023 to 2029.