The global fish muscle protein market is experiencing rapid expansion, poised to reach a valuation of US$ 922.8 million by 2033, with a projected CAGR of 9.7%. Key trends such as increasing usage in the food & beverage, pharmaceutical, and nutraceutical industries, along with rising consumer demand for clean-label and health-beneficial products, are driving market growth. Fish muscle protein, rich in essential amino acids and easily digestible, is witnessing growing adoption across various sectors, fueling investor interest in the burgeoning health and wellness segment.
The demand for fish muscle protein is on the rise, propelled by factors such as its nutritional benefits, versatile applications, and increasing consumer awareness about health-conscious dietary choices. With a CAGR of 9.7%, the market is witnessing significant traction from industries such as food & beverage, pharmaceuticals, cosmetics, and animal feed. As consumers seek natural, sustainable, and nutrient-dense alternatives, fish muscle protein emerges as a preferred ingredient, driving investor interest in the rapidly expanding market.
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Fish muscle Protein has been utilized largely in specialized feeding applications with monogastric animals, such as milk replacers or starter meals. It has also been fed at 3.5% to 5% as the sole supplemental protein source in swine starter/creep diets without compromising performance.
Manufacturers have a wide range of commercial opportunities in the animal feed industry, and animal feeders are requesting more fish-based protein because it is more nutritionally beneficial.
For example, animal feed manufacturers are pushing the demand for fish muscle protein concentrate in order to deliver high-grade protein. For instance, Cargill, Nutreco, and Land o Lakes are examples of a few companies that are using fish concentrates in animal feeds.
Several factors contribute to the growth of the fish muscle protein market, including increasing usage in the food & beverage industry for functional and nutraceutical products, rising demand for pharmaceutical formulations promoting gut health, and expanding distribution channels through retailers and supermarkets. Moreover, the incorporation of fish muscle protein in cosmetics for its anti-aging properties and the growing pet nutrition segment further propel market expansion. Quality certifications and the surge in health-beneficial food products also contribute to market growth.
Key Takeaways from the Fish Muscle Protein Report:
- The fish muscle protein marketis expected to be valued at US$ 366.7 million by 2023.
- Global demand for fish muscle protein is likely to soar at 7% CAGRover the forecast period.
- Based on Species, demand for Tuna is expected to continue as it is holding a market share of 23% to reach a market valuation of US$ 212.2 million by the end of 2033.
- FMI analysis indicates that the hydrolysate is expected to achieve a market share of 0% market share during the assessment period, resulting in a market size of US$ 258.3 million by 2033.
- The United States fish muscle protein market is projected to reach a valuation of US$ 339.6 million by 2033.
“Increasing Health Consciousness, Sustainable Food Choices, And the Rising Demand for High-Quality Protein Alternatives, Presenting Lucrative Opportunities for Businesses in This Sector to Differentiate Products to Stay Competitive in The Market.” – says a lead analyst at Future Market Insights (FMI)
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Who is Winning?
A few of the major competitors are Omega Protein Corporation, Pacific Seafood Group, The Scoular Company, Scanbio Marine Group, Copalis Sea Solutions, Siam Canadian Group Limited, Beihai Evergreen Aquatic Product Science and Technology Co. Ltd., SeaPak Shrimp & Seafood Co., Maruha Nichiro Corporation, Cenzone Tech Inc. and others are key Fish muscle protein manufacturers listed in the report.
These companies are expanding product portfolios, employing strategies like advertising, partnerships, acquisitions, agreements, and mergers to maintain market relevance and drive growth in the fish muscle protein market.
For instance,
- In 2022, Pioneer Points Partners and Verdane acquired Scanbio Marine Group with the goal of creating one of Europe’s largest and leading aquaculture waste management companies.
- In 2022, Cooke Inc, a seafood corporation, acquired Omega Protein Corporation, a Houston-based company, to aid with the company’s expanding supply-side of the business and to support the company’s growth strategy as a leader in seafood production.
- In 2020, BlueNalu, a California-based seafood product manufacturer, has announced a collaboration with Nutreco, an aquafeed manufacturer. This collaboration is expected to assist BlueNalu in strengthening its position in the seafood manufacturing business
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global fish muscle protein market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the fish muscle protein market based on species (Tuna, Salmon, Cod, Tilapia, and, Others), Type (Concentrates, Isolates, and Hydrolysates), Form (Powder and Liquid), Application (Food & Beverages, Nutraceuticals & Supplements, Cosmetics & Personal Care, Pharmaceuticals, Animal Feed, and Others), across various regions.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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