The rising fish protein concentrate market in the cosmetics, personal care, and pharmaceutical industries, as well as consumers’ growing emphasis on adopting fitness goals and their increased awareness of health and wellness, are all significant drivers of the market growth for fish protein concentrate. A recent analysis by Future Market Insights (FMI) predicted that the market will grow favourably soon.
Increasing frequency of product launches and the demand for greater sustainability and clean label certifications are creating lucrative growth opportunities for the fish protein concentrate market. These proteins are gradually increasing in demand in the food industry as ingredients often used as meat substitute and on account of their fat-binding properties.
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Fish is a low-fat high quality source of protein and a great source of vitamins, minerals, and omega 3 fatty acids. Its consumption therefore associated with good heart and brain function, combating inflammation in joints and providing lubrication to joints. Fish protein concentrates have therefore found their way into the food & beverages industry, which currently accounts for the leading share in the market among end users.
RFID Tags Increasingly Preferred for Fish Protein Concentrate Packaging
Adoption of RFID technology is increasing since manufactures are seeking an efficient supply chain algorithm, where they could keep a track of their products thus save overall time of transportation and ensure product availability. Fish protein concentrate manufactures also are facing similar issues, which have been tipping scales in favour of RFID labels in the market.
RFID hides away data up to 2 KB identified with the item on which it is labelled. The costs and subtleties of the items with RFID labels are consequently recorded when the client moves toward the counter, without filtering each any item, which saves the hour of the client. In addition, it permits cost count in one sweep, which saves the hour of the client just as the item retailer.
These factors would impact fish protein concentrate market and would give a chance to have a development in products and ventures. Adoption of latest technologies is expected to bode well for the overall market.
Key Takeaways from Fish Protein Concentrates Market Study
- Fish protein concentrate market is forecast to register 6.3% Y-o-Y growth in 2021
- The U.S. will account for a significant share of sales in North America. FMI has projected the U.S. to nearly 93% of the North America market, in terms of value, in 2021
- Within the U.K. the market for fish protein concentrate will exhibit slightly over 4% Y-o-Y growth in 2021
- France and Germany will emerge as other key markets in Europe, exhibiting high demand for fish protein concentrate
- Within East Asia, Japan and South Korea will emerge as highly lucrative markets for fish protein concentrate
“Increasing number of fish protein manufacturers are focusing on research and development to push product launches. Besides this, there is considerably focus on expanding footprint across emerging countries to gain competitive advantage” said a lead analyst at FMI
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Who is winning?
Some of the key players operating in fish protein Market are Janatha Fish Meal & Oil Products, Bevenovo Co. Ltd, Bio-Oregon Protein, Omega Protein Corporation, Colpex International Inc., Shenzhen Taier Biotechnology Co. Ltd., New Alliance Dye Chem Pvt. Ltd., Peterlabs Holdings, Mukka Seafood Industries Limited, Scanbio Marine Group, Apelsa Guadalajara, Siam Industries International, and other.
Key players of Fish protein Concentrate are focusing on partnership in order to gain larger market share and to capture new geographical areas to get access to new markets.
- Another recent development in 2018, by Omega Proteins a leading manufacturer was that the company launched Vermilion, a fishing vessel.
- In 2020, Paine and partners, LLC, announced that it has signed a deal to purchase, Scanbio Marine group.
Get Valuable Insights into Fish Protein Concentrate Market
Future Market Insights, in its new report, presents an unbiased analysis of the global plant-based Collagen market, covering historical demand data and forecast figures for the period Based on
By Form
- Powder
- Liquid
By Type
- Type A
- Type B
- Type C
By End Use
- Food & Beverages
- Sport Nutrition & Dietary Supplement
- Cosmetic & Personal Care
- Pharmaceuticals
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa (MEA)
- Oceania
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About Future Market Insights (FMI)
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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