Global consumption of fish muscle protein market stood at around USD 366.7 million in 2023 and is slated to increase at a CAGR of 9.7% to reach a value of USD 922.8 million by 2033.
Key Trends Listed by Future Market Insights (FMI):
| Attributes | Key Insights |
|---|---|
| Estimated Global Fish Muscle Protein Market Size (2023E) | USD 366.7 million |
| Projected Fish Muscle Protein Market Value (2033F) | USD 922.8 million |
| Value-based CAGR (2023 to 2033) | 9.7% |
| Top 3 Countries’ Value share | USD 28% million |
Fish muscle is a desirable protein source, as it contains 15%-25% of the total protein in fish. Additionally, it is rich in essential amino acids and more easily digestible than most terrestrial meat proteins. The consumption of fish muscle protein is associated with health benefits due to which the demand for nutrient-dense and chemical-free food products has been increasing.
Fish muscle proteins are further segmented into three categories namely concentrates, isolates, and hydrolysates. Fish protein hydrolysate (FPH) is extensively employed in the preparation of numerous animal feeds due to its binding agent property.
Besides animal feed, it is widely used in the organic cosmetics and pharmaceutical industries which is opening up new prospects for market players. It has been observed that people with celiac disease, gluten intolerance, and milk allergies are increasingly using fish muscle protein hydrolysate.
As, celiac disease has affected around 1% of the world's population, and gluten sensitivity, on the other hand, is more widespread than celiac disease which has affected 20 million people in the United States alone, accounting for 6% to 7% of the entire population resulted in increased the global CAGR of the fish muscle protein market.
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| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2022 Projected (P) | 5.9% |
| Jul to Dec (H2), 2021 (A) | 5.5% |
| Jul to Dec (H2), 2022 Projected (P) | 6.7% |
| Jan to Jun (H1), 2022 Outlook (O) | 5.6% |
| Jul to Dec (H2), 2022 Outlook (O) | 7.1% |
| BPS Change: H1, 2022 (O) to H1, 2021 (A) | 60 |
| Jan to Jun (H1), 2023 Projected (P) | 6.1% |
| BPS Change: H1, 2022 (O) to H1, 2022 (P) | 29 |
| Jan to Jun (H1), 2021 (A) | 5.0% |
| BPS Change: H2, 2022 (O) to H2, 2022 (P) | -41 |
| BPS Change: H2, 2022 (O) to H2, 2022 (A) | 158 |
According to the Future Market Insights (FMI) analysis, global fish muscle protein sales grew at a CAGR of 8.7% from 2018 to 2022. For the next ten years, the worldwide market for fish muscle protein is forecast to progress at 9.7% CAGR.
The growing demand for fish muscle protein can be ascribed to substantial scientific developments and research that have uncovered the vast variety of bioactive substances present in marine organisms.
These improvements have resulted in a deeper understanding of the unique properties and potential health benefits offered by these ingredients, prompting manufacturers to include them in products. Likewise, advancements in processing and extraction technology have had a positive impact on the efficiency of fish muscle protein extraction.
These technical advancements have resulted in a variety of advantages in terms of yield, quality, usefulness, and sustainability. For example, solvent extraction methods, use organic solvents to extract proteins from fish muscle.
Similarly, enzymatic hydrolysis is the process of breaking down proteins into smaller peptides or amino acids using particular enzymes. Proteases like trypsin, papain, and bromelain are frequently employed to aid in protein degradation and extraction. This approach is frequently used to create protein hydrolysates with increased solubility and bioactivity.
All these technological advancements have aided to improve efficiency and offer novel formulations to cater to different demography with different needs.
Principal Consultant
| Region | North America |
|---|---|
| Country | United States |
| CAGR | 9.8% |
| Market Value (2033) | USD 339.6 million |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR | 5.5% |
| Market Value (2033) | USD 48.0 million |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR | 12.2% |
| Market Value (2033) | USD 270.4 million |
| Region | Asia Pacific |
|---|---|
| Country | India |
| CAGR | 13.5% |
| Market Value (2033) | USD 78.4 million |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| CAGR | 8.2% |
| Market Value (2033) | USD 125.5 million |
Robust Supply Chain of a Country Boosting the Sales of Fish Muscle Protein in The United States
According to FMI analysis, the United States fish muscle protein market is expected to grow at a CAGR of 9.8% from 2023 to 2033 to reach a market valuation of USD 339.6 million by 2033.
The United States is home to key players specializing in offering novel marine-based products including fish muscle protein along with a reliable supply chain with a varied selection of fish species available all year.
This availability, combined with excellent distribution networks is giving an opportunity for American manufacturers to maintain the supply of products in a country and in international markets as well.
Besides this, it is observed that there is a growing trend of eating healthy and providing all the beneficial nutrition to the body. This trend is helping fish muscle protein manufacturers to innovate more in terms of flavor, texture, and form to cater to specific needs of consumer.
Increased International Prompting Manufacturers to Offer Novel Products Pushing the Market Ahead
Fish muscle protein demand in India is anticipated to grow at a CAGR of 13.5% during the forecast period from 2023 to 2033 to reach a market valuation of USD 78.4 million in the South Asia market.
India has become one of the major suppliers of fish and seafood products due to which the international demand from the international market is increasing. Therefore, companies are engaged in offering products that meet international needs along with the construction and expansion of fish processing and value-added product manufacturing facilities in the country which is boosting the industry's growth.
In India, the market for fish muscle protein is seeing the launch of novel and value-added products. This includes ready-to-cook fish-based snacks, pre-marinated fish slices, and fish protein powders, all of which cater to the convenience and health-conscious customer segments.
Increasing Health-Conscious Dietary Preferences Driving the Growth in China.
China is expected to hold a market share of 27.3% to reach a valuation of USD 270.4 million by 2033, growing at a CAGR of 12.2% from 2023 to 2033.
With a population of over 1.4 billion people, China has a growing middle-class population that appreciates health-conscious diets and protein-rich foods. Fish muscle protein is a nutritious and sustainable source of high-quality protein, making it appealing to health-conscious consumers looking for alternatives to typical meat sources.
Wide Availability and High Content of Omega-3 Fatty Acids Drive the Demand for Tuna
Based on Species, demand for Tuna is expected to continue as it is holding a market share of 23% to reach a market valuation of USD 212.2 million by the end of 2033.
Tuna is a very popular species and preferred source for muscle protein synthesis because it is widely available in the global market and its demand among consumers has been rising in both fresh and processed forms.
Besides its availability, it is rich in omega-3 fatty acids, particularly EPA and DHA, which offer various health benefits including supporting cardiovascular health and reducing inflammation.
Hydrolysate Is Ideal for Various End-Use Applications Resulting in Its Increasing Demand
FMI analysis indicates that the hydrolysate is expected to achieve a market share of 28.0% market share during the assessment period, resulting in a market size of USD 258.3 million by 2033.
Hydrolysates undergo a process called enzymatic hydrolysis, which breaks down the proteins into smaller peptides
This procedure increases protein absorption and breakdown by the body. These are frequently preferred in applications that need rapid amino acid absorption and utilization, such as sports nutrition and clinical nutrition.
Besides their application in sports nutrition, these are widely used in specialized diets such as infant formula and medicinal nutrition and are suitable for persons with unique dietary demands or digestive sensitivities due to their increased digestibility and bioavailability.
Lower Production Costs, Energy Usage, And Labor Driving Demand for Powdered Fish Muscle Protein
According to FMI, Powder form covers 56% of the market share and is anticipated to reach a market valuation of USD 516.7 million by the end of 2033.
The fish muscle protein market is divided into two types: powder and liquid. The powder category dominating the market in 2023 due to associated low production costs, energy usage, and labor. All these factors have contributed to the market expansion.
Besides labor cost, the raw material cost is also lower as it is a by-product of fish that fuels the growth of powdered fish muscle protein.
The powder form of a fish protein hydrolysate is more popular than the liquid form due to its longer shelf life, ease of transportation, and storage. These are fortified for human consumption as well.
The transition from pet ownership to parenting is also expected to rise the demand for pet food products, enhancing the market for fish muscle protein powder.
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The leading market participants have employed a variety of strategies to expand their international reach and increase their market share. The growing demand for processed fish products, as well as the rapid expansion of fisheries and aquaculture in emerging countries, have pushed companies to employ these strategies. Market participants are focusing on developing partnerships to trade technological know-how in biotechnology, which are expected to improve marine production.
For instance:
| Attribute | Details |
|---|---|
| Market Size Value in 2023 | USD 366.7 million |
| Market Forecast Value in 2033 | USD 922.8 million |
| Anticipated Growth Rate (2023 to 2033) | 9.7% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Volume (MT) and Value (USD Million) |
| Key Regions Covered | Latin America; Europe; South Asia; North America; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | United States, Mexico, Canada, Chile, Brazil, Peru, Argentina, France, Germany, Spain, Italy, Netherlands, United Kingdom, Nordic, Belgium, Russia, Poland, Japan, South Korea, China, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
| Key Market Segments Covered | Species, Type, Form, Application, and Region |
| Key Companies Profiled | Omega Protein Corporation; Pacific Seafood Group; The Scoular Company; Scanbio Marine Group; Copalis Sea Solutions; Siam Canadian Group Limited; Beihai Evergreen Aquatic Product Science and Technology Co. Ltd.; SeaPak Shrimp & Seafood Co.; Maruha Nichiro Corporation; Cenzone Tech Inc; Others(on additional request) |
The market is expected to value at USD 366.7 million in 2032.
Omega Protein Corporation, and Pacific Seafood Group are key market players.
North America dominates the market growth and will expand at a CAGR of 9.8% through 2033.
Increased research & development to fuel the market growth.
The increasing interest in adding omega-3 fatty acids into meals to boost the market.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Global Market - Pricing Analysis 5. Value Chain Analysis 6. Global Market Size (in Value (US$ Million) and Volume (MT) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Species 7.1. Tuna 7.2. Salmon 7.3. Cod 7.4. Tilapia 7.5. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Type 8.1. Concentrates 8.2. Isolates 8.3. Hydrolysates 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application 9.1. Food & Beverages 9.2. Nutraceuticals & Supplements 9.3. Pharmaceuticals 9.4. Cosmetics & Personal Care 9.5. Animal Feed 9.6. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Form 10.1. Powder 10.2. Liquid 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. East Asia 11.5. South Asia 11.6. Oceania 11.7. Middle East & Africa 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Country-level Market Analysis 20. Market Structure Analysis 21. Competition Analysis 21.1. Cenzone Tech Inc 21.2. Omega Protein Corporation 21.3. Pacific Seafood Group 21.4. The Scoular Company 21.5. Scanbio Marine Group 21.6. Copalis Sea Solutions 21.7. Siam Canadian Group Limited 21.8. Beihai Evergreen Aquatic Product Science and Technology Co. Ltd. 21.9. SeaPak Shrimp & Seafood Co. 21.10. Maruha Nichiro Corporation 21.11. Cenzone Tech Inc. 21.12. Other Players (On Additional Requests) 22. Assumptions and Acronyms Used 23. Research Methodology
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Fish Muscle Protein Market
