Global Fish Protein Market, By Form (Concentrated, Isolated, Hydrolysate), End-Use (Meat Processing, Bakery, Dietary Supplements, Clinical Nutrition, Infant Formula, Sports Nutrition, Ready to Eat, Retail/Household), Distribution Channel (Business to Business, Business to Consumer, Convenience Stores, Super Markets/ Hypermarkets, Online Stores, Specialty Stores, Others) – Industry Trends and Forecast to 2029.
Fish Protein Market Analysis and Size
Factors such as the low cost of this base protein ingredient, rising demand for dietary supplements, and increased awareness about health benefits are propelling the market to new heights. This is expected to open up a slew of new opportunities for market participants. Furthermore, the anticipated market growth would result in a higher market value over the forecast period.
Data Bridge Market Research analyses that the fish protein market was growing at a value of USD 3.60 billion in 2021 and is expected to reach the value of USD 5.44 billion by 2029, at a CAGR of 5.30% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Fish Protein Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Form (Concentrated, Isolated, Hydrolysate), End-Use (Meat Processing, Bakery, Dietary Supplements, Clinical Nutrition, Infant Formula, Sports Nutrition, Ready to Eat, Retail/Household), Distribution Channel (Business to Business, Business to Consumer, Convenience Stores, Super Markets/ Hypermarkets, Online Stores, Specialty Stores, Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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)
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Market Players Covered
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Sopropeche (France), Diana Group (France), Copalis Sea Solutions (France), Scanbio (Norway), Bio-marine Ingredients Ireland Ltd. (Ireland), United Fisheries (New Zealand), New Alliance Dye Chem Pvt. Ltd. (India), Neptune's Harvest (U.S.), Alaska Protein Recovery, LLC (U.S.), Great Pacific BioProducts Ltd. (Canada), BrownsFish Genesis (U.S.), Dramm Corp. (U.S.), Marutham Bio Ages Innovations (p) Ltd. (India), Hofseth BioCare (Norway), Janatha Fish Meal & Oil Products (India)
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Opportunities
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Market Definition
Fish protein, a colourless and tasteless powder obtained from whole fish, is a high-protein source. Yellowtail amberjack, Tuna, Anchovy, Coho Salmon, Trout, Snapper, Tilapia, Bluefish, Pollock, Grouper, Sardines, Mackerel, Cod, Haddock, Flounder, Perch, and Halibut are the most common fish protein sources. There are three types of fish protein on the market: concentrate, hydrolysate, and isolate. Fish protein is derived from various types of fish and is primarily used in animal feed, pharmaceuticals, and cosmetics.
Global Fish Protein Market Dynamics
Drivers
- Wide availability of fish species
Since fishes are widely available, manufacturers have begun commercializing fish farming and extracting protein from them. Significant growth in the pharmaceutical industry around the world is one of the key factors driving the market's positive outlook.
- High demand from various end user industries
Fish protein has fast absorption properties that aid in the development of lean muscle mass while also lowering the risks of hypertension and high blood pressure in consumers, and is thus widely used in sports nutrition and protein supplements. It is also used to treat Irritable Bowel Syndrome (IBS) and Crohn's disease, as well as a hypoallergenic protein food for infants with celiac disease, lactose and gluten intolerance.
Furthermore, widespread product use as a cry protectant in aquaculture and animal feed is propelling market growth. FPH helps to prevent the spread of infectious diseases and boosts animal immunity against bacteria, fungi, viruses, and parasites.
Opportunities
One of the main factors contributing to the growth of the aforementioned segment is the increasing utilisation of the product in the aquaculture feed industry. This is due to the fact that fish farming currently provides more than half of the world's fish food supply, a figure that is expected to rise further in the coming years. As a result, fish protein is expected to play an important role in supplying high quality amino acids and overall nutritive value to the aquaculture sector.
Restraints
However, a scarcity of raw materials, such as tuna from the Pacific Ocean and Japan Sea, or Atlantic salmon from Scandinavian countries such as Denmark, Norway, and Sweden, is expected to limit market growth. Furthermore, aquatic products are highly perishable and must be stored, processed, and sold quickly. In this case, unforeseeable roadblocks prevent the smooth movement of fresh food supply chains, resulting in food waste and a decrease in market demand.
This fish protein market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the fish protein market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Fish Protein Market
Over the last 18 months, almost every industry in the world has suffered a setback. This is due to significant disruptions in their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns and other restrictions imposed by governing authorities around the world. The same is true for the global market for fish protein. Furthermore, consumer demand has subsequently decreased as people are now more focused on eliminating non-essential expenses from their respective budgets as the general economic status of most people has been severely impacted by this outbreak. These factors are expected to weigh on the revenue trajectory of the global fish protein market over the forecast period.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
Bio-marine Ingredients Ireland Ltd., in collaboration with the Irish Research Council's Enterprise Partnership, conducted a 12-week feeding trial in March 2020 to investigate the effects of low fishmeal diets/high plant-protein, with and without FPH supplementation, on gut health and growth performance in freshwater Atlantic salmon. The company hopes that the results of this recent study will open up new avenues for the sustainable aquaculture feed market.
Global Fish Protein Market Scope
The fish protein market is segmented on the basis of form, end-use and distribution channel.. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Form
- Concentrated
- Isolated
- Hydrolysate
End use
- Meat Processing
- Bakery
- Dietary Supplements
- Clinical Nutrition
- Infant Formula
- Sports Nutrition
- Ready to Eat
- Retail/Household
Distribution channel
- Business to Business
- Business to Consumer
- Convenience Stores
- Super Markets/ Hypermarkets
- Online Stores
- Specialty Stores
- Others
Fish Protein Market Regional Analysis/Insights
The fish protein market is analysed and market size insights and trends are provided by country, form, end-use and distribution channel as referenced above.
The countries covered in the fish protein market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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).
The most important regional market is North America. This is due to the highly evolved retail structure and increased adoption of fish protein due to the rise in obesity prevalence. Furthermore, an increase in consumer spending on dietary food and nutricosmetics adds to the popularity of fish protein in this region. However, due to an increase in fish farming and a surge in the adoption of fish meal in the animal feed industry, China is expected to grow at the fastest CAGR throughout the forecast period.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Market Share Analysis
The fish protein 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 market.
Some of the major players operating in the fish protein market are:
- Sopropeche (France)
- Diana Group (France)
- Copalis Sea Solutions (France)
- Scanbio (Norway)
- Bio-marine Ingredients Ireland Ltd. (Ireland)
- United Fisheries (New Zealand)
- New Alliance Dye Chem Pvt. Ltd. (India)
- Neptune's Harvest (U.S.)
- Alaska Protein Recovery, LLC (U.S.)
- Great Pacific BioProducts Ltd. (Canada)
- BrownsFish Genesis (U.S.)
- Dramm Corp. (U.S.)
- Marutham Bio Ages Innovations (p) Ltd. (India)
- Hofseth BioCare (Norway)
- Janatha Fish Meal & Oil Products (India)
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