Fish Protein Concentrate Market:
Growth Opportunities in the fish protein concentrate market look promising over next six years. This is mainly due to the strong demand for animal-sourced protein, and the significant shift in the population towards the adoption of animal-sourced protein from plant-based protein. Various benefits such as increased quality protein, vitamins and minerals, and other advantages is further driving market growth.
Fish Protein Concentrate Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The global fish protein concentrate market is predicted to witness an upsurge in demand in the coming years due to the strong demand for animal-sourced protein. Moreover, the population is shifting towards the adoption of animal-sourced protein from plant-based protein. The nutritional advantages, such as increased quality protein, several vitamins and minerals, and health-related benefits like improves brain health, reduce the risk of health attacks, and aids an individual who is facing malnutrition, will further pay the way for the growth of the fish protein concentrate market share in terms of the revenue. Manufacturers particularly emphasize on R&D activities of fish protein of numerous forms, such as fish protein concentrate, which will propel the growth of the fish protein concentrate market in the coming years.
On the other hand, the fish protein concentrate is more expensive than the fish meal and the easy availability of other protein sources are the major factors hampering the growth of the market.
Form Segment Drivers
Based on the form, the market is segmented into liquid and powder. The powder is expected to lead the market in the coming years due to the large use of powder in supplements and beverages. Furthermore, the increasing awareness of dried fish protein powder for food fortification and production of value-added/ functional food has promoted the food sector to analyze various methods for developing fish protein ingredients from various raw materials. Additionally, the fish protein powder is usually dried and stable fish products for human consumption, in which the protein is more concentrated as compared to the original fish flesh. On the other hand, the liquid is predicted to rise at a higher CAGR in the coming years due to its large use as an organic fertilizer in industrial fermentation and in vet food formulation for several animals, such as poultry, piglets, pet food, aquafeed, and fur-bearing animals.
Application Segment Drivers
Based on the application, the market is segmented into sports nutrition & dietary supplement, food & beverages, pharmaceuticals, cosmetic & personal care, and others. Cosmetic & personal care is projected to dominate the market in the coming years due to various benefits offered by the fish protein concentration. It is a rich source of bioactive components like peptides and protein. The bioactive protein and peptides obtained from marine fish have gained enormous interest in the nutraceutical and cosmetic sector due to the large use of bioactivities that include antimicrobial and anti-aging activities antioxidants.
Fish Protein Concentrate Market’s leading Manufacturers:
- Omega Protein Corporation
- Mukka Sea Food Industries
- Bio-marine Ingredients Ireland Ltd
- Bio Phoenix Formulations
- Apelsa Guadalajara
- Blue Wave Marine Ingredients
- Advance International, Inc.
- Nutrifish
- Peterlabs Holdings Barhad
- Siam Industries International
Fish Protein Concentrate Market Segmentation:
Segmentation by Type:
- Type A
- Type B
- Type C
Segmentation by Form:
- Powder
- Liquid
Segmentation by Application:
- Food & Beverages
- Sport Nutrition & Dietary Supplement
- Cosmetic & Personal Care
- Pharmaceuticals
- Others
Segmentation by End Users:
- Online Stores
- Supermarkets
- Specialized Stores
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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