Share on

Fish Protein Concentrate Market by Type (Type A, Type B, and Type C), by Form (Powder and Liquid) and by End-Use (Biomedical Applications, Animal Feed, Cosmetics & Personal Care, and Food Processing), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) – Global Industry Size, Share, Value, Volume and Global Key Players Analysis Forecast Report 2022 to 2027

Published: March, 2023
ID: 9754
Pages: 160
Formats: report pdf report excel report power bi report ppt

Fish Protein Concentrate Market Size Analysis 2022 - 2027:

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.

Fish Protein Concentrate Market Size Analysis 2020-2025

Recent Development in the 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.

Fish Protein Concentrate Market Drivers and Restraints:

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

Fish Protein Concentrate Market Segmentation:

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.

Impact of COVID-19 on Fish Protein Concentrate Market:

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.

Protein Concentrate Market Regional Analysis:

  • 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.

Fish Protein Concentrate Market Key Players:

  1. Siam Industries International

  2. Omega Protein Corporation

  3. Peterlabs Holdings Barhad

  4. Nutrifish

  5. Advance International

  6. Blue Wave Marine Ingredients

  7. Apelsa Guadalajara

  8. Bio Phoenix Formulations

  9. Bio-marine Ingredients Ireland Ltd

  10. Mukka Sea Food Industries

Please wait. . . . Your request is being processed

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample