The global shark liver oil market size reached US$ 148.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 248.9 Million by 2032, exhibiting a growth rate (CAGR) of 5.91% during 2024-2032.
Market Size in 2023
|US$ 148.5 Million
Market Forecast in 2032
|US$ 248.9 Million
|Market Growth Rate 2024-2032
Shark liver oil is a rich source of vitamin A with a pungent aroma and taste. Its color usually ranges from a dark yellow to different shades of brown. It comprises squalene, omega-3 polyunsaturated fatty acids (PUFAs) and alpha-ketoglutarate (AKG), which boosts the immune system, improves fertility as well as heart and skin health, and helps in the treatment of cancer. At present, it is available in liquid or a capsule form and widely utilized in the production of skin care and other personal care products.
Shark Liver Oil Market Trends:
Due to its anti-depressive, anti-psychotic, anti-Parkinson and anti-Alzheimer properties, shark liver oil is widely consumed as a dietary supplement by health-conscious individuals. It is also used to prevent radiation illness, common cold, and swine flu, and bacterial and fungal infections. Moreover, as shark liver oil aids in improving vascular health and lowering muscle wasting, it is utilized to support the immune system of females during pregnancy. Furthermore, it is used as a fuel in street lamps and a lubricant in the textile industry. Besides this, shark liver oil is rich in squalene, which is used as a bactericide in the production of chemicals, pharmaceuticals, aromatics, rubber, artificial silk, organic color matter, and surface-active agents. It is also being adopted as an antioxidant, chemo-preventive agent, and immune system restorer. Therefore, a considerable rise in the demand for squalene across various end use industries is positively influencing the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global shark liver oil market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, application and distribution channel.
Breakup by Type:
- Deep Sea Shark
- Basking Shark
Breakup by Application:
- Food Industry
- Cosmetic and Personal Care
Breakup by Distribution Channel:
- Direct Sales
- Indirect Sales
- Specialty Stores
- Pharmaceutical Stores
- Online Stores
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arbee Biomarine Extracts Pvt Ltd, Bawa Fishmeal & Oil Co., EGAO Co. Ltd., KISHIMOTO SPECIAL LIVER OIL CO., Lýsi hf and Norwegian Fish Oil AS.
|Base Year of the Analysis
||Type, Application, Distribution Channel, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Arbee Biomarine Extracts Pvt Ltd, Bawa Fishmeal & Oil Co., EGAO Co. Ltd., KISHIMOTO SPECIAL LIVER OIL CO., Lýsi hf and Norwegian Fish Oil AS
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Key Questions Answered in This Report:
- How has the global shark liver oil market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global shark liver oil market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global shark liver oil market and who are the key players?
- What is the degree of competition in the industry?