The market for fish roe enzymes and extracts is expected to increase from USD 495.0 million in 2023 to USD 1,038.45 million by 2033, with global sales anticipated to grow at CAGR of 7.7% over the next decade (2023-2033).
Fish roe enzymes and extracts encompass enzymes and bioactive compounds derived from the eggs (roe) of diverse fish species. Roe, the reproductive organ of fish, is rich in vitamins, minerals, proteins, lipids, enzymes, and other essential nutrients
Enzymes, protein molecules that act as catalysts in biochemical reactions, are extracted from fish roe using various techniques. These enzymes exhibit specific functionalities and beneficial characteristics such as antioxidant, anti-inflammatory, or proteolytic activities.
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In various industries such as medicine, nutraceuticals, cosmetics, and food, fish roe extracts and enzymes find diverse applications. In the beauty industry, fish roe enzymes are valued for potential skin benefits like hydration, anti-aging properties, and skin nourishment. They are also utilized in the food sector as natural dietary supplements or enhancers of taste. Additionally, in pharmaceuticals and nutraceuticals, they are explored for potential therapeutic uses and health benefits.
Key Trends
- Increasing uses of natural flavor enhancers in various food products
- Manufacturers using nutritional value ingredients in their products
- Consumers appeal to the unique and indulgent experiences as the fish roe is often associated with luxury and gourmet cuisine
- Increasing the demand for fish roe in several industries like food, cosmetics, pharmaceuticals, and dietary supplement
Competitive Landscape
Top manufacturers frequently introduce a new line of items to meet market demand. To obtain a competitive edge in the market, they are also employing techniques including mergers and acquisitions, partnerships, distribution agreements, collaborations, marketing, and celebrity endorsements.
For instance:
- In 2022, AAK partners with Arzeda to make oils with enzymes
- In 2022, Enzymit Raises $5 Million, to Replace Fermentation with Designer Enzyme Platform
Key Companies Profiled
- Aroma NZ Ltd
- SNP Korea Co., Ltd
- BioPureDx
- Frutarom Health
- Laboratoires Expanscience
- Croda International
- Ashland Global Holdings Inc.
- Lipotec Group
- Vital Proteins
- Viscofan BioEngineering
- Naturalin Bio-Resources Co., Ltd.
- BioMarine International
- Nikken Sohonsha Corporation
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Fish Roe Enzymes and Extracts Market by Category
By Type:
- Protease
- Lipase
- Amylase
- Cellulase
- Others
By Source:
- Salmon roe
- Herring roe
- Caviar
- Capelin roe
- Others
By Application:
- Food & Beverages
- Bioenergy and biogas
- Pharmaceuticals
- Cosmetics & Personal Care
- Dietary supplement
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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