The global fish protein concentrate market is to hit US$ 240.3 million in 2033, up from an assessed US$ 122.5 million in 2023, at a CAGR of 6.9% from 2023 to 2033.
Consumers’ protein consumption has increased due to great health awareness and the adoption of exercise goals. The increased use of protein in the diets of people has resulted in an increase in fish protein concentrate demand. Due to their fat-restricting qualities, such proteins are becoming increasingly popular in the food industry as components that can replace meat and water.
There has also been a significant rise in the adoption of fish protein concentrate in personal care and beauty products, owing to its high collagen content, which helps to tighten the skin and slow the ageing process. The increasing use of fish protein concentrate in personal care and cosmetic goods is a key factor driving the fish protein concentrate market.
One of the principal elements restricting the global fish protein powder market is the availability of replacements for fish protein powder protein. The global fish protein concentrate market is facing some significant challenges as a result of the exponentially growing trend toward plant-based foods.
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Regional Outlook of the Global Market
Due to an increase in the consumption of high-protein diets in the region, North America is leading the global fish protein powder market by having the foremost value share. Nonetheless, the highly developed food and beverage industries in Europe and North America are a crucial factor in their considerable value share in the fish protein concentrate market.
Due to rising food consumption and the growing non-vegetarian population, South and East Asia are showing a quick development in the global fish protein concentrate end users market.
Key Takeaways
- From 2023 to 2033, the type C section in the type category may develop at a CAGR of 6.8%.
- Between 2023 and 2033, the Monosodium Malate segment in the form category is to rise at a CAGR of 6.9%.
- From 2023 to 2033, the end-use category’s Food and Beverage section may blossom at a CAGR of 7.2%.
- By 2033, the United States fish protein concentrate market is to advance at a CAGR of 7.1% and reach US$112.6 million.
- By 2033, the market in the United Kingdom may have secured a CAGR of 7.1% and be worth $5.9 million.
- By 2033, Germany market may have expanded at a CAGR of 7.1% and be valued at US$19.22 million.
- China fish protein concentrate market is to develop at a CAGR of 7.6% and reach US$ 25.9 million by 2033.
- Spain market is to develop at a CAGR of 7.0% and reach US$ 10.33 million by 2033.
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Potential Market Prospects for Fish Protein Concentrate
The majorities of fish protein concentrate manufacturers concentrate on joint ventures, stable distribution of partnerships, and targeted international acquisitions, which have resulted in a much-consolidated picture for the global market.
The growth of the global market depends on research and innovation significantly. Key breakthroughs in fish output over the past few years have been a result of significant advances in fish capture, storage, and transportation.
Few of the leading manufacturers operating in the fish protein concentrate market are Colpex Internacional S.A.C, Pacific Bio Products, Ingredients Inc., Advance International, Inc., Omega Protein Corporation, Mukka Proteins Limited, NutriFish 1000, Apelsa Guadalajara, Danone, TRIDENT SEAFOODS., New Alliance Dye Chem Pvt. Ltd., Triplenine Group and among others.
Large Economic Strategy Innovations
- Janatha Fish Meal & Oil Products has gained ISO 22000:2005, Ecocert (NPOP, NOP, EC), Halal, and European Union approval.
- Incontech PTE Ltd. launched a tri-peptide collagen supplement in the form of jelly packets in Singapore in August 2019 to provide consumers with simple and efficient products. It may help the corporation increase its consumer base throughout Asia Pacific.
- To extend its product line, New Alliance Dye Chem Pvt. Ltd. has been focusing on research and development.
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Key Segments
By Type:
- Type A
- Type B
- Type C
By Form:
- Powder
- Liquid
By End-Use:
- Food & Beverages
- Sports Nutrition & Dietary Supplement
- Cosmetic & Personal Care
- Pharmaceuticals
- Others
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