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Asia Pacific Fish Protein Concentrate Market by Type (Type A, Type B, and Type C), by Form (Liquid and Powder), by End-use (Biomedical Applications, Animal Feed, Cosmetics & Personal Care, and Food Processing), Market Share, In-Depth Analysis, Detailed Overview, and Forecast, 2022 to 2027

Published: March, 2023
ID: 10317
Pages: 120
Formats: report pdf report excel report power bi report ppt

Asia Pacific Fish Protein Concentrate Market Research Analysis 2022 - 2027:

Asia Pacific Fish Protein Concentrate Market is expected to reach over USD x.xx million, garnering a CAGR of x.xx% throughout the foreseen period (2022 - 2027).

Fish Protein Concentrate or FPC is a robust fish preparation that can be consumed by humans. It consists of a more concentrated protein than the original protein. According to the FAO of the United States, FPC is of three types, including types A, B, and C. C is normal fishmeal produced under satisfactory hygienic conditions.

Recent Developments:

  1. Paine & Partners, LLC, announced that it has signed a deal to purchase Scanbio Marine Group, a renowned global producer of fish protein concentrate, fishmeal fish and fish oil from fresh fish by-products and silage from Scanbio AS, which is owned by Rolf Eide, Per Arne Eide, Verdane Capital IV Nordic Secondary Direct Fund and certain other shareholders.
  2. Scanbio Marine Group AS announced that it had signed a contract to acquire Tank og Masse -Transport AS and Haugland Sjotransport AS, two independent Norwegian companies that collect, store and transport fishery by-products from fish processing facilities and aquaculture fisheries in Norway. The transaction is expected to close in the third quarter of 2011. The financial terms of the transaction were not disclosed.

Market Drivers and Restraints:

The growing demand for functional food products like pasta and noodles is driving the growth of the Asia Pacific fish protein concentrate market. Food producers' growing emphasis on a distinctive taste experience for their consumers is again accelerating market demand. In addition to this, the profitability of fish protein concentrate over plant protein concentrates in cosmetics and personal care products is further driving demand. Also, the increasing consumption of seafood in emerging economies is expected to create potential opportunities during the forecast period. Furthermore, these tools also provide a comprehensive assessment of each application/product segment in the Asia Pacific fish protein concentrate market.

Market Segmentation

The segmentation of the Asia Pacific Fish Protein Concentrate Market is based on Type, Form, and End-User. On the basis of the type, the Asia Pacific Fish Protein Concentrate Market is classified into Type A, Type B, and Type C. On the basis of the form, the Asia Pacific Fish Protein Concentrate Market is classified into Liquid and Powder. On the basis of the end-user, the local market is classified into Biomedical Applications, Animal Feed, Cosmetics & Personal Care, and Food Processing.

Impact of covid-19 on Asia Pacific Fish Protein Concentrate Market

With the outbreak of coronavirus, several industries had an immense impact, especially the food & beverage sector and all its associated industries like fish protein concentrate. The shutdown of manufacturing units due to the strict lockdown conditions has resulted in the decline in sales in the fish concentrate business in several parts of the world. However, the increasing health concerns among consumers is likely to drive the demand for fish protein concentrate in the coming years.

The start of the coronavirus pandemic coincided with the peak of the harvest season. As the markets are closed, there is a threat of harvesting more than 100 lakh hectares in India alone. Even between various segments, the impact varies considerably depending on the regions, producers and availability of workers in the industry. The impact will have its consequences on the worldwide economy and is likely to last for more than a few months.

Regional Analysis

The market for Fish Protein Concentrate in the Asia Pacific has been categorized on the basis of geography into China, Taiwan, South Korea, India, Japan, Australia, and New Zealand, and the rest of the Asia-Pacific. The Asia-Pacific is an established market for the demand for fish protein concentrates. The excessive consumption of shellfish in the Far Eastern countries includes the demand for fish in various forms, where fish protein concentrate is one of them. The people of Eastern countries rely heavily on shellfish for their protein intake, including fish protein concentrate.

Leading Company

Colpex International had the most substantial share of the Asia Pacific Fish Protein Concentrate Market in terms of sales and revenue in 2019.

Key Players

Key players in the Asia Pacific Fish Protein Concentrate Market include Bio Marine Ingredients Ireland Ltd., Colpex International, Bio Phoenix Formulations, Bevenovo Co., Aroma NZ, Ltd., S.A. de C.V., Apelsa Guadalajara, Advance International, Inc., Ingredients, Inc., Scanbio Marine Group AS, BioOregon Protein, Inc., and others.

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