Squid Oil Market Set for Remarkable Growth, Reaching $6.61 Billion by 2028 with Notable CAGR of 7.5% [Yahoo! Finance]
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Source: Yahoo! Finance
Recent market analysis highlights the burgeoning trajectory of the squid oil industry, driven by escalating demand in the pharmaceutical and nutraceutical sectors as well as rising consumer health awareness. Extensive research into this market illustrates a projected growth from $4.94 billion in 2024 to an impressive $6.61 billion by 2028, amplifying at a steady compound annual growth rate of 7.5%. This remarkable expansion is tethered to various elements, including the worldwide thrust towards sustainable food sources and the strategic market advancement maneuvers by major entities. Innovation in product offerings is spearheading trends within the sector, as leading companies concentrate on unveiling groundbreaking solutions to sustain prominence in the global market. The Asia-Pacific region has emerged as a vanguard in the squid oil market space, demonstrating dominant performance in 2023, while Europe is on course to chart out the swiftest growth rate across the global market
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