FISH PROTEIN CONCENTRATE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global fish protein concentrate market is estimated to be valued at USD 143.2 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031. Global fish protein concentrate market sees growing application in food and dietary supplements owing to high protein content. Fish protein concentrate is a concentrate made from the flesh of fish in which the major part of fat- and water-soluble vitamins have been removed. It contains 60-90% crude protein depending on the fish species and production method. With rising health consciousness, consumers are increasingly adopting protein-rich diets. This is a major factor augmenting the demand for fish protein concentrate globally. The market is further fueled by dietary flexitarianism and veganism trends. However, fluctuating fish availability and stringent production process pose challenges to market players.

Market Dynamics:

The global fish protein concentrate market is driven by increasing health awareness and demand for protein-rich dietary supplements. Rising cases of chronic diseases like diabetes and obesity across developed nations have accelerated healthy eating practices. This is boosting the sales of fish protein concentrate which is low in fat and calories. Growing flexitarian demography preferring plant-based and marine protein sources is another key driver. However, volatile fish catch owing to climate change impact on oceans hampers consistent supply. High capital requirements for sophisticated production facilities also inhibit new entrants. Nevertheless, focus on aquaculture, especially marine plants, to overcome supply constraints is expected to offer new opportunities in the forthcoming years.

Key Features of the Study:

• This report provides in-depth analysis of the global fish protein concentrate market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global fish protein concentrate market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Scanbio Marine Group, Colpex International, BioOregon Protein, Omega Protein, Apelsa Guadalajara, Aroma NZ, Sopropeche, Peterlabs Holdings, Hofseth BioCare, Nutrifish, Olvea Fish Oils, Protein Feeds, Mukka Sea Foods, Qingdao Future Group, Seagarden, Shandong Fukui Foodstuff, Shandong Yuwang Ecological Food Industry, Taian Health Chemical, Zhejiang Zengus, and Zhejiang NHU
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global fish protein concentrate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation-

• By Source Insights (Revenue, USD Mn, 2019 - 2031)
• • Tuna
  • Salmon
  • Cod
  • Anchovy
  • Others
• By Form Insights (Revenue, USD Mn, 2019 - 2031)
• • Powder
  • Liquid
• By Application  Insights (Revenue, USD Mn, 2019 - 2031)
• • Food & Beverages
  • Animal Feed
  • Dietary Supplements
  • Pharmaceuticals
  • Others (Cosmetics, etc.)
• By Regional Insights (Revenue, USD Mn, 2019 - 2031)
• • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
    • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
• • Scanbio Marine Group
  • Colpex International
  • BioOregon Protein
  • Omega Protein
  • Apelsa Guadalajara
  • Aroma NZ
  • Sopropeche
  • Peterlabs Holdings
  • Hofseth BioCare
  • Nutrifish
  • Olvea Fish Oils
  • Protein Feeds
  • Mukka Sea Foods
  • Qingdao Future Group
  • Seagarden
  • Shandong Fukui Foodstuff
  • Shandong Yuwang Ecological Food Industry
  • Taian Health Chemical
  • Zhejiang Zengus
  • Zhejiang NHU