Fish Fermentation Market Outlook (2023 to 2033)

The global fish fermentation market size is anticipated to grow from US$ 544.3 million in 2023 to US$ 983.6 million by 2033, with overall sales accelerating at a CAGR of 5.6% throughout the forecast period (2023 to 2033). Rising demand for fermented fish products across the globe is a key factor boosting sales in the market.

Fish fermentation is a process in which fish are preserved through fermentation. The process of fermentation creates an anaerobic environment that prevents the growth of spoilage bacteria, thereby extending the shelf life of products.

Fish fermentation has been a traditional method of preservation in many cultures around the world. During fish fermentation, a wide range of products is released that have preservation effects and limit the growth of spoilage or microbiota in fish products.

The most common type of fish fermented is salted and dried fish. The salt helps to draw out water from the fish, creating an inhospitable environment for bacteria to grow. The process of fermentation can take several weeks to several months, depending on the type of fish and the desired level of fermentation.

During fermentation, the proteins in the fish break down into amino acids, which give fermented fish its characteristic umami flavor. Fermented fish is a rich source of probiotics, which are beneficial for gut health. It is also a good source of vitamin B12 and omega-3 fatty acids.

Fermented fish products are rich sources of protein, vitamins, minerals, and probiotics. They are also low in calories and fat and offer several health benefits, including improving digestion, boosting immunity, reducing inflammation, and preventing cancer.

Thus, growing awareness about the health benefits of fermented fish products across the globe will continue to boost the global fish fermentation market during the forecast period.

Furthermore, increasing export of fermented fish products due to their longer shelf life and a growing number of start-ups entering this space will further expand the global market over the next decade.

Regionally, with a market valuation of US$ 217.7 Million, Europe will continue to remain at the top of the ladder in the fish fermentation industry, accounting for around 40% share in 2023. The North American market is currently valued at US$ 206.8 Million and it holds a 38% share of the global market.

Asia Pacific on the other hand is emerging as a lucrative market for fish fermentation companies due to increasing health awareness, a rapidly growing population, and rising consumption of fermented fish products. A market valuation of over US$ 98.0 Mn has been predicted for Asia pacific market by FMI 2023.

Attribute Key Insights
Fish Fermentation Market Estimated Value (2023) US$ 544.3 Million
Projected Market Value (2033) US$ 983.6 Million
Value-based CAGR (2023 to 2033) 5.6%
Top 3 Countries' Market Share 35.6%

According to Future Market Insights, the global demand for fish fermentation grew at a CAGR of 4.6% during the historical period from 2018 to 2022. However, with growing demand for fermented food products across the world, the overall fish fermentation market is set to expand at a steady CAGR of 5.6% between 2023 and 2033.

The market is driven by the growing demand for fermented fish products, due to their health benefits. Fermented fish products are rich in protein and omega-3 fatty acids, which are known to improve heart health and cognitive function.

Similarly, increasing demand for healthy and nutritious food products along with rising awareness about the health benefits of fermented fish is expected to boost the fish fermentation industry over the next ten years.

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Market-o-Nomics - Highlighting the Key Trends

A number of influential factors have been identified that are expected to spur growth in the global fish fermentation market during the projection period (2023 to 2033). Besides the proliferating aspects prevailing in the market, the analysts at FMI have also analyzed the restraining elements, lucrative opportunities, and upcoming threats that can somehow influence sales.

The drivers, restraints, opportunities, and threats (DROTs) identified are as follows:

DRIVERS

  • The rising demand for fermented fish products is a key factor driving the global fish fermentation industry forward.
  • Growing food insecurity concerns due to population explosion and reduction in arable land are expected to create growth prospects for the market.
  • Increasing awareness among people about the high nutritional content of fermented fish products will further boost sales.

RESTRAINTS

  • The use of alternative fish preservation techniques is limiting the market expansion.
  • The growing trend of veganism across the world might also impede the growth in the market during the next ten years.

OPPORTUNITIES

  • A rising focus on increasing the shelf life of perishable food products like fish will create lucrative growth prospects for manufacturers.
  • Increasing demand for protein-packed foods will further elevate demand over the next ten years.

THREATS

  • The growing popularity of plant-based seafood across the globe is expected to limit the growth of the global market.
  • An increase in disease outbreaks and the formation of various animal welfare organizations may also limit market expansion during the forecast period.

Country Wise Insights

Will the USA Retain its Dominance in the North America Market?

Rising Demand for Healthy and Nutritious Food Products Boosting Market in the USA

As per FMI, the USA currently holds around 68% revenue share of the North American fish fermentation industry and it is set to expand at a significant CAGR over the projection period (2023 to 2033).

The major factor driving the growth in the USA market is the increasing demand for healthy and nutritious food. Moreover, the growing popularity of fermented fish products among consumers is another key factor that is propelling the demand for fish fermentation in the country.

Fermented fish is becoming widely popular among Americans owing to its high nutritive value, the bioavailability of minerals, easy digestibility, and organoleptic characteristics. As a result, there has been a rapid surge in demand for fermented fish products in the country and this trend will continue during the forecast period.

How is the UK Fish Fermentation Industry Shaping?

Growing Popularity of Fermented Foods to Fuel Sales in the UK

The UK is expected to account for over 22% share of the Europe market in 2023. Furthermore, sales of fermented fish products in the country are likely to rise at a steady pace as consumer preference towards healthy and nutritional food products continues to increase.

FMI predicts the UK market to grow rapidly over the next ten years, with new players and products entering the market every year. This growth is being driven by the increasing popularity of fermented foods, as well as the health benefits associated with fermentation.

What is the Growth Projection for the China Market?

Increasing Awareness About the Health Benefits of Fermented Fish Items Pushing Demand in China

According to Future Market Insights, with around 32% market share, China will continue to dominate the Asia Pacific market during the forecast period. Factors such as the high consumption of seafood in China, the rapidly rising population, and increasing disposable income are driving the demand for fish products, which in turn is fueling the growth of the fish fermentation industry.

Similarly, growing health consciousness among consumers is also boosting the market as fermented fish products are rich in omega-3 fatty acids, vitamins, and minerals.

Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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Category Wise Insights

Which is the Most Popular Fermentation Process?

Whole Fish Fermentation to Hold Substantial Share Through 2033

Based on the process, the global market for fish fermentation is segmented into whole fish fermentation and fillet fermentation. Among these, whole fish fermentation will continue to dominate the global market during the forecast period. This can be attributed to the growing popularity of fermenting whole fish rather than just fillets across various countries.

Several companies across countries like the USA, China, Germany, and Mexico use the process of whole fish fermentation as it allows them to produce large amounts of fermented fish products in quick intervals of time.

Competitive Landscape

Key players in this market space include LactoSpore (India), Danisco A/S (Denmark), Advanced Biotechnologies Inc. (US), Kerry Group plc (Ireland), and Associated British Foods plc (UK).

These players are focused on increasing their revenue shares by launching new products and investing in research and development. Furthermore, they are adopting strategies such as partnerships, acquisitions, mergers, facility expansions, and collaborations to expand their global footprint. For instance,

  • In February 2022, Kerry Group announced that it has made two significant biotechnology acquisitions with the aim to expand its expertise, technology portfolio, and manufacturing capabilities. The company agreed to acquire c-LEcta while also confirming that it has acquired Enmex, the Mexican-based enzyme manufacturer.
  • In 2020, Koppernas Protein AS purchased an additional 15% of the shares in Triple Fish A/S, one of the two 50% shareholders in the TripleNine Group A/S.

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Fish Fermentation Industry Report Scope

Attribute Details
Estimated Market Size (2023) US$ 544.3 Million
Projected Market Size (2033) US$ 983.6 Million
Anticipated Growth Rate (2023 to 2033) 5.6% CAGR
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis US$ Million for Value and Units for Volume
Key Regions Covered North America; Latin America; Europe; Asia Pacific; Middle East & Africa (MEA); RoW
Key Countries Covered The USA, Germany, The UK, France, Spain, Italy, Brazil, Argentina, China, India, Japan, UAE,= Australia, New Zealand
Key Segments Covered Type of Fish, Process, Sales Channel, Geography
Key Companies Profiled LactoSpore; Danisco A/S; Advanced Biotechnologies Inc.; Kerry Group plc.; Associated British Foods plc; FMC Corporation; Omega Protein Corporation; TripleNine Group A/S; Corpesca S.A.; TASA; Colpex International; American Marine Ingredients; Pesquera Diamante S.A.; FF Skagen A/S
Report Coverage DROT Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives

Segmentation of Fish Fermentation Industry by Category

By Type of Fish:

  • Salmon
  • Tuna
  • Cod
  • Others

By Process:

  • Whole Fish Fermentation
  • Fillet Fermentation

By Sales Channel:

  • Online
  • Offline

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)
  • RoW

Frequently Asked Questions

What is the current size of the global fish fermentation market?

The global market for fish fermentation is expected to reach a valuation of US$ 544.3 Million in 2023.

At what rate will the demand for fish fermentation grow between 2023 and 2033?

Demand for fish fermentation is expected to rise at 5.6% CAGR between 2023 and 2033.

What is the growth projection for the fish fermentation industry?

The global fish fermentation industry is forecast to surpass a valuation of US$ 983.6 Million by the end of 2033.

How big is the US market?

The US holds around 68% of the North American fish fermentation industry.

Which are the major countries driving demand for fish fermentation?

The US, Canada, Mexico, Argentina, Brazil, Germany, the UK, France, Italy, Spain, Russia, China, Japan, India, and Australia are the major countries driving demand for fish fermentation.

Who are the top 5 players operating in the market?

LactoSpore, Danisco A/S, Advanced Biotechnologies Inc., Kerry Group plc., and Associated British Foods plc are the top 5 market players in the fish fermentation industry.

What is the growth projection for China’s fish fermentation industry?

With a market valuation of US$ 31.4 Million, China is expected to account for 32% of Asia Pacific market in 2023.

Table of Content
1. Executive Summary | Fish Fermentation Market
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Product launches & Recent Developments
    3.4. Product Life Cycle Analysis
    3.5. Value Chain Analysis
        3.5.1. Supply Side Participants and their Roles
            3.5.1.1. Producers
            3.5.1.2. Mid-Level Participants (Traders / Agents / Brokers)
            3.5.1.3. Wholesalers and Distributors
        3.5.2. % of Operating Margin Analysis
        3.5.3. List of Raw Material Suppliers
        3.5.4. List of Existing and Potential Buyers
    3.6. Global Market - Pricing Analysis
        3.6.1. Price Point Assessment by Region
        3.6.2. Price Point Assessment by Product Type
        3.6.3. Price Forecast till 2033
        3.6.4. Factors affecting pricing
    3.7. Forecast Factors - Relevance & Impact
    3.8. PESTLE and Porter’s Analysis
    3.9. Regulatory Landscape
        3.9.1. Packaging & Labelling Regulations
        3.9.2. Certifications and Certifying Agency Overview
        3.9.3. Import/Export Policies
    3.10. Regional Parent Market Outlook
    3.11. Production and Consumption Statistics
    3.12. Import and Export Statistics
    3.13. Consumers Survey Analysis
    3.14. Macro-Economic Factors
    3.15. Product Claims & Nutritional Information scanned by Buyers
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
    4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022
    4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type of Fish
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Type of Fish, 2018 to 2022
    5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Type of Fish, 2023 to 2033
        5.3.1. Salmon
        5.3.2. Tuna
        5.3.3. Cod
    5.4. Y-o-Y Growth Trend Analysis By Type of Fish, 2018 to 2022
    5.5. Absolute $ Opportunity Analysis By Type of Fish, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Process
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Process, 2018 to 2022
    6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Process, 2023 to 2033
        6.3.1. Whole Fish Fermentation
        6.3.2. Fillet Fermentation
    6.4. Y-o-Y Growth Trend Analysis By Process, 2018 to 2022
    6.5. Absolute $ Opportunity Analysis By Process, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
    7.1. Introduction / Key Findings
    7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Sales Channel, 2018 to 2022
    7.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Sales Channel, 2023 to 2033
        7.3.1. Online
        7.3.2. Offline
    7.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022
    7.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
    8.1. Introduction
    8.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Region, 2018 to 2022
    8.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Region, 2023 to 2033
        8.3.1. North America
        8.3.2. Latin America
        8.3.3. Europe
        8.3.4. East Asia
        8.3.5. South Asia
        8.3.6. Oceania
        8.3.7. Middle East & Africa (MEA)
    8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    9.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
    9.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
        9.2.1. By Country
            9.2.1.1. The US
            9.2.1.2. Canada
        9.2.2. By Type of Fish
        9.2.3. By Process
        9.2.4. By Sales Channel
    9.3. Market Attractiveness Analysis
        9.3.1. By Country
        9.3.2. By Type of Fish
        9.3.3. By Process
        9.3.4. By Sales Channel
    9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    10.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
    10.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
        10.2.1. By Country
            10.2.1.1. Brazil
            10.2.1.2. Mexico
            10.2.1.3. Argentina
            10.2.1.4. Chile
            10.2.1.5. Peru
            10.2.1.6. Rest of Latin America
        10.2.2. By Type of Fish
        10.2.3. By Process
        10.2.4. By Sales Channel
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Type of Fish
        10.3.3. By Process
        10.3.4. By Sales Channel
    10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
    11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
        11.2.1. By Country
            11.2.1.1. Germany
            11.2.1.2. Italy
            11.2.1.3. France
            11.2.1.4. The UK
            11.2.1.5. Spain
            11.2.1.6. Russia
            11.2.1.7. BENELUX
            11.2.1.8. Poland
            11.2.1.9. Nordic Countries
            11.2.1.10. Rest of Europe
        11.2.2. By Type of Fish
        11.2.3. By Process
        11.2.4. By Sales Channel
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Type of Fish
        11.3.3. By Process
        11.3.4. By Sales Channel
    11.4. Key Takeaways
12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
    12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
        12.2.1. By Country
            12.2.1.1. China
            12.2.1.2. Japan
            12.2.1.3. South Korea
        12.2.2. By Type of Fish
        12.2.3. By Process
        12.2.4. By Sales Channel
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Type of Fish
        12.3.3. By Process
        12.3.4. By Sales Channel
    12.4. Key Takeaways
13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    13.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
    13.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
        13.2.1. By Country
            13.2.1.1. India
            13.2.1.2. Thailand
            13.2.1.3. Malaysia
            13.2.1.4. Indonesia
            13.2.1.5. Singapore
            13.2.1.6. Rest of South Asia
        13.2.2. By Type of Fish
        13.2.3. By Process
        13.2.4. By Sales Channel
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Type of Fish
        13.3.3. By Process
        13.3.4. By Sales Channel
    13.4. Key Takeaways
14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    14.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
    14.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
        14.2.1. By Country
            14.2.1.1. Australia
            14.2.1.2. New Zealand
        14.2.2. By Type of Fish
        14.2.3. By Process
        14.2.4. By Sales Channel
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By Type of Fish
        14.3.3. By Process
        14.3.4. By Sales Channel
    14.4. Key Takeaways
15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    15.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
    15.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
        15.2.1. By Country
            15.2.1.1. GCC Countries
            15.2.1.2. South Africa
            15.2.1.3. Central Africa
            15.2.1.4. North Africa
        15.2.2. By Type of Fish
        15.2.3. By Process
        15.2.4. By Sales Channel
    15.3. Market Attractiveness Analysis
        15.3.1. By Country
        15.3.2. By Type of Fish
        15.3.3. By Process
        15.3.4. By Sales Channel
    15.4. Key Takeaways
16. Key Countries Market Analysis
    16.1. The US
        16.1.1. Pricing Analysis
        16.1.2. Market Share Analysis, 2023
            16.1.2.1. By Type of Fish
            16.1.2.2. By Process
            16.1.2.3. By Sales Channel
    16.2. Canada
        16.2.1. Pricing Analysis
        16.2.2. Market Share Analysis, 2023
            16.2.2.1. By Type of Fish
            16.2.2.2. By Process
            16.2.2.3. By Sales Channel
    16.3. Brazil
        16.3.1. Pricing Analysis
        16.3.2. Market Share Analysis, 2023
            16.3.2.1. By Type of Fish
            16.3.2.2. By Process
            16.3.2.3. By Sales Channel
    16.4. Mexico
        16.4.1. Pricing Analysis
        16.4.2. Market Share Analysis, 2023
            16.4.2.1. By Type of Fish
            16.4.2.2. By Process
            16.4.2.3. By Sales Channel
    16.5. Argentina
        16.5.1. Pricing Analysis
        16.5.2. Market Share Analysis, 2023
            16.5.2.1. By Type of Fish
            16.5.2.2. By Process
            16.5.2.3. By Sales Channel
    16.6. Chile
        16.6.1. Pricing Analysis
        16.6.2. Market Share Analysis, 2023
            16.6.2.1. By Type of Fish
            16.6.2.2. By Process
            16.6.2.3. By Sales Channel
    16.7. Peru
        16.7.1. Pricing Analysis
        16.7.2. Market Share Analysis, 2023
            16.7.2.1. By Type of Fish
            16.7.2.2. By Process
            16.7.2.3. By Sales Channel
    16.8. Germany
        16.8.1. Pricing Analysis
        16.8.2. Market Share Analysis, 2023
            16.8.2.1. By Type of Fish
            16.8.2.2. By Process
            16.8.2.3. By Sales Channel
    16.9. Italy
        16.9.1. Pricing Analysis
        16.9.2. Market Share Analysis, 2023
            16.9.2.1. By Type of Fish
            16.9.2.2. By Process
            16.9.2.3. By Sales Channel
    16.10. France
        16.10.1. Pricing Analysis
        16.10.2. Market Share Analysis, 2023
            16.10.2.1. By Type of Fish
            16.10.2.2. By Process
            16.10.2.3. By Sales Channel
    16.11. Spain
        16.11.1. Pricing Analysis
        16.11.2. Market Share Analysis, 2023
            16.11.2.1. By Type of Fish
            16.11.2.2. By Process
            16.11.2.3. By Sales Channel
    16.12. The UK
        16.12.1. Pricing Analysis
        16.12.2. Market Share Analysis, 2023
            16.12.2.1. By Type of Fish
            16.12.2.2. By Process
            16.12.2.3. By Sales Channel
    16.13. Russia
        16.13.1. Pricing Analysis
        16.13.2. Market Share Analysis, 2023
            16.13.2.1. By Type of Fish
            16.13.2.2. By Process
            16.13.2.3. By Sales Channel
    16.14. Poland
        16.14.1. Pricing Analysis
        16.14.2. Market Share Analysis, 2023
            16.14.2.1. By Type of Fish
            16.14.2.2. By Process
            16.14.2.3. By Sales Channel
    16.15. BENELUX
        16.15.1. Pricing Analysis
        16.15.2. Market Share Analysis, 2023
            16.15.2.1. By Type of Fish
            16.15.2.2. By Process
            16.15.2.3. By Sales Channel
    16.16. Nordic Countries
        16.16.1. Pricing Analysis
        16.16.2. Market Share Analysis, 2023
            16.16.2.1. By Type of Fish
            16.16.2.2. By Process
            16.16.2.3. By Sales Channel
    16.17. China
        16.17.1. Pricing Analysis
        16.17.2. Market Share Analysis, 2023
            16.17.2.1. By Type of Fish
            16.17.2.2. By Process
            16.17.2.3. By Sales Channel
    16.18. Japan
        16.18.1. Pricing Analysis
        16.18.2. Market Share Analysis, 2023
            16.18.2.1. By Type of Fish
            16.18.2.2. By Process
            16.18.2.3. By Sales Channel
    16.19. South Korea
        16.19.1. Pricing Analysis
        16.19.2. Market Share Analysis, 2023
            16.19.2.1. By Type of Fish
            16.19.2.2. By Process
            16.19.2.3. By Sales Channel
    16.20. India
        16.20.1. Pricing Analysis
        16.20.2. Market Share Analysis, 2023
            16.20.2.1. By Type of Fish
            16.20.2.2. By Process
            16.20.2.3. By Sales Channel
    16.21. Thailand
        16.21.1. Pricing Analysis
        16.21.2. Market Share Analysis, 2023
            16.21.2.1. By Type of Fish
            16.21.2.2. By Process
            16.21.2.3. By Sales Channel
    16.22. Indonesia
        16.22.1. Pricing Analysis
        16.22.2. Market Share Analysis, 2023
            16.22.2.1. By Type of Fish
            16.22.2.2. By Process
            16.22.2.3. By Sales Channel
    16.23. Malaysia
        16.23.1. Pricing Analysis
        16.23.2. Market Share Analysis, 2023
            16.23.2.1. By Type of Fish
            16.23.2.2. By Process
            16.23.2.3. By Sales Channel
    16.24. Singapore
        16.24.1. Pricing Analysis
        16.24.2. Market Share Analysis, 2023
            16.24.2.1. By Type of Fish
            16.24.2.2. By Process
            16.24.2.3. By Sales Channel
    16.25. Australia
        16.25.1. Pricing Analysis
        16.25.2. Market Share Analysis, 2023
            16.25.2.1. By Type of Fish
            16.25.2.2. By Process
            16.25.2.3. By Sales Channel
    16.26. New Zealand
        16.26.1. Pricing Analysis
        16.26.2. Market Share Analysis, 2023
            16.26.2.1. By Type of Fish
            16.26.2.2. By Process
            16.26.2.3. By Sales Channel
    16.27. GCC Countries
        16.27.1. Pricing Analysis
        16.27.2. Market Share Analysis, 2023
            16.27.2.1. By Type of Fish
            16.27.2.2. By Process
            16.27.2.3. By Sales Channel
    16.28. South Africa
        16.28.1. Pricing Analysis
        16.28.2. Market Share Analysis, 2023
            16.28.2.1. By Type of Fish
            16.28.2.2. By Process
            16.28.2.3. By Sales Channel
    16.29. North Africa
        16.29.1. Pricing Analysis
        16.29.2. Market Share Analysis, 2023
            16.29.2.1. By Type of Fish
            16.29.2.2. By Process
            16.29.2.3. By Sales Channel
    16.30. Central Africa
        16.30.1. Pricing Analysis
        16.30.2. Market Share Analysis, 2023
            16.30.2.1. By Type of Fish
            16.30.2.2. By Process
            16.30.2.3. By Sales Channel
17. Market Structure Analysis
    17.1. Competition Dashboard
    17.2. Competition Benchmarking
    17.3. Market Share Analysis of Top Players
        17.3.1. By Regional
        17.3.2. By Type of Fish
        17.3.3. By Process
        17.3.4. By Sales Channel
18. Competition Analysis
    18.1. Competition Deep Dive
        18.1.1. LactoSpore
            18.1.1.1. Overview
            18.1.1.2. Product Portfolio
            18.1.1.3. Profitability by Market Segments (Type of Fish / Process / Sales Channel / Region)
            18.1.1.4. Sales Footprint
            18.1.1.5. Strategy Overview
                18.1.1.5.1. Marketing Strategy
                18.1.1.5.2. Product Strategy
                18.1.1.5.3. Channel Strategy
        18.1.2. Danisco A/S
            18.1.2.1. Overview
            18.1.2.2. Product Portfolio
            18.1.2.3. Profitability by Market Segments (Type of Fish / Process / Sales Channel / Region)
            18.1.2.4. Sales Footprint
            18.1.2.5. Strategy Overview
                18.1.2.5.1. Marketing Strategy
                18.1.2.5.2. Product Strategy
                18.1.2.5.3. Channel Strategy
        18.1.3. Advanced Biotechnologies Inc.
            18.1.3.1. Overview
            18.1.3.2. Product Portfolio
            18.1.3.3. Profitability by Market Segments (Type of Fish / Process / Sales Channel / Region)
            18.1.3.4. Sales Footprint
            18.1.3.5. Strategy Overview
                18.1.3.5.1. Marketing Strategy
                18.1.3.5.2. Product Strategy
                18.1.3.5.3. Channel Strategy
        18.1.4. Kerry Group plc.
            18.1.4.1. Overview
            18.1.4.2. Product Portfolio
            18.1.4.3. Profitability by Market Segments (Type of Fish / Process / Sales Channel / Region)
            18.1.4.4. Sales Footprint
            18.1.4.5. Strategy Overview
                18.1.4.5.1. Marketing Strategy
                18.1.4.5.2. Product Strategy
                18.1.4.5.3. Channel Strategy
        18.1.5. Associated British Foods plc
            18.1.5.1. Overview
            18.1.5.2. Product Portfolio
            18.1.5.3. Profitability by Market Segments (Type of Fish / Process / Sales Channel / Region)
            18.1.5.4. Sales Footprint
            18.1.5.5. Strategy Overview
                18.1.5.5.1. Marketing Strategy
                18.1.5.5.2. Product Strategy
                18.1.5.5.3. Channel Strategy
        18.1.6. FMC Corporation
            18.1.6.1. Overview
            18.1.6.2. Product Portfolio
            18.1.6.3. Profitability by Market Segments (Type of Fish / Process / Sales Channel / Region)
            18.1.6.4. Sales Footprint
            18.1.6.5. Strategy Overview
                18.1.6.5.1. Marketing Strategy
                18.1.6.5.2. Product Strategy
                18.1.6.5.3. Channel Strategy
        18.1.7. Omega Protein Corporation
            18.1.7.1. Overview
            18.1.7.2. Product Portfolio
            18.1.7.3. Profitability by Market Segments (Type of Fish / Process / Sales Channel / Region)
            18.1.7.4. Sales Footprint
            18.1.7.5. Strategy Overview
                18.1.7.5.1. Marketing Strategy
                18.1.7.5.2. Product Strategy
                18.1.7.5.3. Channel Strategy
        18.1.8. TripleNine Group A/S
            18.1.8.1. Overview
            18.1.8.2. Product Portfolio
            18.1.8.3. Profitability by Market Segments (Type of Fish / Process / Sales Channel / Region)
            18.1.8.4. Sales Footprint
            18.1.8.5. Strategy Overview
                18.1.8.5.1. Marketing Strategy
                18.1.8.5.2. Product Strategy
                18.1.8.5.3. Channel Strategy
        18.1.9. Corpesca S.A.
            18.1.9.1. Overview
            18.1.9.2. Product Portfolio
            18.1.9.3. Profitability by Market Segments (Type of Fish / Process / Sales Channel / Region)
            18.1.9.4. Sales Footprint
            18.1.9.5. Strategy Overview
                18.1.9.5.1. Marketing Strategy
                18.1.9.5.2. Product Strategy
                18.1.9.5.3. Channel Strategy
        18.1.10. TASA
            18.1.10.1. Overview
            18.1.10.2. Product Portfolio
            18.1.10.3. Profitability by Market Segments (Type of Fish / Process / Sales Channel / Region)
            18.1.10.4. Sales Footprint
            18.1.10.5. Strategy Overview
                18.1.10.5.1. Marketing Strategy
                18.1.10.5.2. Product Strategy
                18.1.10.5.3. Channel Strategy
        18.1.11. Colpex International
            18.1.11.1. Overview
            18.1.11.2. Product Portfolio
            18.1.11.3. Profitability by Market Segments (Type of Fish / Process / Sales Channel / Region)
            18.1.11.4. Sales Footprint
            18.1.11.5. Strategy Overview
                18.1.11.5.1. Marketing Strategy
                18.1.11.5.2. Product Strategy
                18.1.11.5.3. Channel Strategy
        18.1.12. American Marine Ingredients
            18.1.12.1. Overview
            18.1.12.2. Product Portfolio
            18.1.12.3. Profitability by Market Segments (Type of Fish / Process / Sales Channel / Region)
            18.1.12.4. Sales Footprint
            18.1.12.5. Strategy Overview
                18.1.12.5.1. Marketing Strategy
                18.1.12.5.2. Product Strategy
                18.1.12.5.3. Channel Strategy
        18.1.13. Pesquera Diamante S.A.
            18.1.13.1. Overview
            18.1.13.2. Product Portfolio
            18.1.13.3. Profitability by Market Segments (Type of Fish / Process / Sales Channel / Region)
            18.1.13.4. Sales Footprint
            18.1.13.5. Strategy Overview
                18.1.13.5.1. Marketing Strategy
                18.1.13.5.2. Product Strategy
                18.1.13.5.3. Channel Strategy
        18.1.14. FF Skagen A/S
            18.1.14.1. Overview
            18.1.14.2. Product Portfolio
            18.1.14.3. Profitability by Market Segments (Type of Fish / Process / Sales Channel / Region)
            18.1.14.4. Sales Footprint
            18.1.14.5. Strategy Overview
                18.1.14.5.1. Marketing Strategy
                18.1.14.5.2. Product Strategy
                18.1.14.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology

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