Fish Protein Concentrate Market size is anticipated to reach an extent of USD 178.0 million by 2027. The market is estimated to experience reasonable growth to garner a CAGR of 7.30% throughout the calculated period 2022 - 2027.
Fish protein concentrate is often extracted from fish that has high-quality protein in contrast to fish consumed by humans. It can be made from any fish or peach residue by removing the oil strainer or exposing the bones and drying them so that the fish protein concentrate is richer in protein and lower in ash than fishmeal and also incorporated in lysine or wheat-based cereals. Fish protein concentrate has a more uniform color and texture than fish meal. Chemical and biological methods are two means by which concentrated fish protein is produced on the Fish Protein Concentrate Market.
In September 2014, the acquisition of the entire inventory of Bioriginal Food & Science Corp., one of the leading suppliers of essential fatty acids and special marine and vegetable oils has completed.
The global fish protein concentrates market is comprised of a wide variety of products ideal for providing ready-to-eat foods that improve concentration for human consumption.
Lack of physical activity, increasing illnesses like diabetes, and health awareness have been pushing more people to depend on higher protein intake in recent times. However, getting protein is a luxury for many, since fast food and large-scale commercial agriculture hinder natural growth. As a result, many high-end consumers rely on several varieties of protein concentrates available to support strength-building activities, such as physical exercise, sports, and weight training. The fish protein variety is likely to become a big winner, as the taste of fish protein concentrates and their wide range of benefits are likely to stimulate growth. The increasing demand for fish protein in animal feed should also open up new growth prospects for participants in the global fish protein concentrate market. The market for fish protein concentrates is fueled by consumer adoption of high protein food products. Food manufacturers are moving towards the production of food products that should have high nutritional value. Among the nutrients, proteins are increasingly becoming the most beneficial and demanded nutrient. The presence of different protein substitutes in concentrated fish protein is one of the main limiting factors in the world market for fish protein concentrates. Moreover, the growing development in plant-based food products too poses serious threats to the market.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2021 - 2026 |
Base Year |
2021 |
Forecast Period |
2022 - 2027 |
CAGR |
7.30% |
Segments Covered |
By Product, Type, Consumption, Distribution Channel and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Siam Industries International, Omega Protein Corporation, Peterlabs Holdings Barhad, Nutrifish, Advance International, Blue Wave Marine Ingredients, Apelsa Guadalajara, Bio Phoenix Formulations, Bio-marine Ingredients Ireland Ltd, Mukka Sea Food Industries |
The fish protein concentrates market segmented as Fish Protein Concentrate can be divided based on
type
form
end-user
Depending on the type, the fish protein concentrates market has been divided into
Type A
Type B
Type C
The largest market share came from the Type A segment in 2018 and should grow at leading CAGR as this variant is a tasteless, odorless powder with a maximum protein content of up to 80%. The growing demand for ready-to-eat food products that require flavor enhancers is expected to drive growth in the segment.
The world market for fish protein concentrates is classified in liquid and powder form. The powder represented the largest market share of fish protein concentrates in the world and is expected to experience significant growth during the forecast period. The increasing popularity of powdered food supplements among fitness enthusiasts is fueling the growth of the segment.
Based on end-use,
cosmetics
personal care
animal feed
biomedical applications Upward trends in organic ingredients that use fish processing waste as a potential source of protein compared to conventional sources are driving growth in the segment.
The Covid-19 pandemic had a huge impact on the food & beverages sector and all the other associated industries. Countries implemented lockdown that resulted in the shutdown of manufacturing units and a disruption in the supply chain and distribution network. As a result, there was a decline in the overall revenue in the global fish protein concentrate market. Also, the growing trend of demand for plant-based products may act as a restraint for this business post-Covid-19. However, by educating people about the advantages offered by fish protein there is a probability that the market will expand at a considerable rate in the future, which will attract new players to the industry.
Businesses should also review and adjust their emergency plans to make sure they work optimally during this emergency. Existing plans for many organizations will focus on unique catastrophic events, but this is very different, as the majority of the population remains healthy and therefore able to work. Businesses should also review and adjust their emergency plans to make sure they work optimally during this emergency. Existing plans for many organizations will focus on unique catastrophic events, but this is very different, as the majority of the population remains healthy and therefore able to work.
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
North America is the dominating region in with the maximum value share owing to growth in consumption of high protein diets in the area. While Europe, followed by North America, also shows a significant part of the value in the world market for fish protein concentrates and the main reason is the highly developed food and beverage industry in the area. However, South and East Asia have the highest growth in the world market for fish protein concentrates due to increased food spending and the growth of the non-vegetarian population.
Siam Industries International
Omega Protein Corporation
Peterlabs Holdings Barhad
Nutrifish
Advance International
Blue Wave Marine Ingredients
Apelsa Guadalajara
Bio Phoenix Formulations
Bio-marine Ingredients Ireland Ltd
Mukka Sea Food Industries
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