Global Fish Protein Concentrate Market, By Type (Type A, Type B, Type C), Form (Powder, Liquid), Application (Food and Beverages, Sport Nutrition and Dietary Supplement, Cosmetic and Personal Care, Pharmaceuticals, Others), End-User (Online Stores, Supermarkets, Specialized Stores, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Fish Protein Concentrate Market
Data Bridge Market Research analyses that the global fish protein concentrate market will project a CAGR of 4.30% for the forecast period of 2022-2029. Growth and expansion of the food and beverages industry, growing focus on innovations by the food and beverages sector, rising consumer consciousness towards the consumption of food items rich in protein, changings tastes and preferences of consumers, rising inclination towards non-modified functional food ingredients and increasing personal disposable income by the major companies are the major factors attributable to the growth of fish protein concentrate market.
From the name itself, it is clear that fish protein concentrates are prepared using fish, which is fit for human consumption. Fish protein concentrates are high in amount of protein. Fish protein concentrates are available via both online and offline modes of distribution in powered and liquid forms. The protein in fish protein concentrate products is more concentrated than in the original raw material. Fish protein concentrates range from coloured, bland powders to dark powders that provide a wide range of health benefits.
Rising personal disposable income and growing demand of functional food such as noodles and pasta are the major factors fostering the growth of the market. Changing lifestyle, westernization, rising research and development initiatives taken by major companies especially in the developing economies, surging awareness among the people in regards to maintaining health and fitness and rising focus of food producers towards distinctive taste experience for their consumers are acting as market growth determinants. Improving distribution channel, rising penetration of e-commerce channels, growing demand for convenient food products, rising consumption of seafood and growing adoption of urban lifestyle will further induce growth in the market value.
However, allergies to seafood will pose a major challenge to the growth of the market. Fluctuations in the prices of machinery equipment, high costs associated with the product and supply chain disruptions owing to the pandemic will further restrict the scope of growth for the market. High cost associated with the research and development activities and availability of low cost alternatives will also hamper the market growth rate.
This fish protein concentrate market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fish protein concentrate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fish Protein Concentrate Market Scope and Market Size
The fish protein concentrate market is segmented on the basis of type, form, application and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the fish protein concentrate market is segmented into type A, type B and type C.
- Based on form, the fish protein concentrate market is segmented into liquid and powder.
- Based on the application, the fish protein concentrate market is segmented into food and beverages, sport nutrition and dietary supplement, cosmetic and personal care, pharmaceuticals, and others.
- Fish protein concentrate market is also segmented on the basis of end-user into online stores, supermarkets, specialized stores and others.
Fish Protein Concentrate Market Country Level Analysis
The fish protein concentrate market is analyses and market size, volume information is provided by country, type, form, application and end-user as referenced above.
The countries covered in the fish protein concentrate market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the fish protein concentrate market and will continue to flourish its trend of dominance during the forecast period owing to the heavy consumption of the product in U.S. and Canada. Asia-Pacific region will score the highest growth rate owing to the growing levels of consumption protein rich food items, rising consumer awareness about advantages of fish protein concentrates, growing consumption of sports nutrition, growing population, changing lifestyle, and increasing personal disposable income.
The country section of the fish protein concentrate market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fish Protein Concentrate Market Share Analysis
The fish protein concentrate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fish protein concentrate market.
Some of the major players operating in the fish protein concentrate market are Colpex Internacional S.A.C, Pacific Bio Products, Scanbio Marine Group AS., Ingredients Inc., Advance International, Inc., Omega Protein Corporation, Mukka Proteins Limited, NutriFish 1000, Apelsa Guadalajara, S.A. de C.V., Aroma NZ, Bio Phoenix Formulations., Bio-marine Ingredients Ireland, Siam Industries International Co. Ltd., Danone, TRIDENT SEAFOODS., Neptune’s Harvest, New Alliance Dye Chem Pvt. Ltd., Triplenine Group and SOPROPECHE among others.
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