Fish Protein Concentrate Market

Fish Protein Concentrate Market was estimated at USD 96 Million in 2018 and anticipated to grow at 6.3% CAGR during the forecast period.

Fish Protein Concentrate is obtained from fish which contains high-quality protein as compared to the original fish intended for human consumption. It can be prepared from any fish or fishery waste by extracting out the oil screening or setting out the bones and drying, so that fish protein concentrate is higher in protein and lower in ash content than a fish meal and also, incorporated in cereal or wheat-based foods as a source of lysine. Fish protein concentrate can be added to existing food products to improve the nutritional quality without any significant change and also improve the self-life of final baked products. Fish protein concentrate is more uniform in color and texture than fish meal. Chemical and biological methods are two ways by which fish protein concentrate produced in the market.

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An increase in the demand for animal-sourced protein is one of the key factors which drive the growth of the global fish protein concentrate market. Moreover, the growing population moving towards the adoption of animal-sourced protein from plant-based protein is anticipated to propel the growth of the global fish protein concentrate market. The nutritional benefits include high- quality protein, various vitamins and minerals and health-related benefits such as minimize the risk of heart attacks, boost brain health and also helps a person who is suffering from malnutrition, is spurring the growth of the global fish protein concentrate market. Manufacturers to extensively focus on R & D activities of fish protein of various forms, including fish protein concentrate also act as fuel in the market growth during the forecast period. However, fish protein concentrate is more expensive than the fish meal, and availability of other protein sources are the factors which are hindering the market. For Instance, the government of U.S. Sweden, Canada, and Japan are focussing on promoting fish protein concentrate as a must-have ingredient.

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Various notable players operating in the market, include 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, among others.

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The global fish protein concentrate market has been segmented on the basis of type, form, application, end users, and key geographies. Based on product type, the market is segmented into type A, type B and type C. Based on form, the market is segmented into powder and liquid. Based on application, the market is segmented into food & beverages, sport nutrition & dietary supplement, cosmetic & personal care, pharmaceuticals, and others. Based on end users, the market is segmented into online stores, supermarkets, specialized stores, and others.

The research report “Global Fish Protein Concentrate Market” provides an in-depth analysis of global fish protein concentrate market based on type, form, application, end user and major geographies for the forecast period from 2019 to 2026. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for global fish protein concentrate market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

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Key questions answered in this research report:

1- At what pace is global fish protein concentrate market growing? What will be the growth trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global fish protein concentrate market?
4- What are the various application areas and how they are poised to grow?

Market Segmentation

By Type

• Type A
• Type B
• Type C

By Form

• Powder
• Liquid

By Application

• Food & Beverages
• Sport Nutrition & Dietary Supplement
• Cosmetic & Personal Care
• Pharmaceuticals
• Others

By End User

• Online Stores
• Supermarkets
• Specialized Stores
• Others

By Geography

• North America
As a part of the customization
o By Type
o By Form
o By Application
o By End User
o US
o Canada
o Mexico

• Europe
As a part of the customization
o By Type
o By Form
o By Application
o By End User
o UK
o Germany
o Spain
o Rest of Europe

• Asia-Pacific
As a part of the customization
o By Type
o By Form
o By Application
o By End User
o China
o Australia
o India
o Rest of APAC

• ROW
As a part of the customization
o By Type
o By Form
o By Application
o By End User
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of the LAMEA region)

Leading market players
• Omega Protein Corporation
• Mukka Sea Food Industries
• Bio-marine Ingredients Ireland Ltd
• Bio Phoenix Formulations
• Apelsa Guadalajara
• Advance International, Inc.
• Nutrifish
• Peterlabs Holdings Barhad
• Siam Industries International
• Blue Wave Marine Ingredients