With a projected CAGR of 6.9% from 2023 to 2033, the global fish protein concentrate market is to gain USD 240.3 million in 2033, up from an estimated USD 122.5 million in 2023.
Consumers’ protein consumption has increased due to great health awareness and the adoption of exercise goals. The increased use of protein in the diets of people has resulted in an increase in fish protein concentrate demand. Due to their fat-restricting qualities, such proteins are becoming increasingly popular in the food industry as components that can replace meat and water.
There has also been a significant rise in the adoption of fish protein concentrate in personal care and beauty products, owing to its high collagen content, which helps to tighten the skin and slow the ageing process. The increasing use of fish protein concentrate in personal care and cosmetic goods is a key factor driving the fish protein concentrate market.
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Companies have been concentrating on establishing an authoritative brand image in recent years. As a result, they are motivated to develop items with long-term possibilities. The reason behind this is today's consumers worry not only about the quality of things; but also about where they come from and the ethics and business practices that go into producing them.
Incontech ltd, a prominent maker of fish protein concentrate, launched a new product called a tri-peptide collagen supplement and came up with an innovative packaging form of jelly packs in Singapore in 2019 to give consumers simple and efficient products. It may also help the corporation expand its consumer base throughout Asia Pacific.
For a brief period, the difficulty of enterprises to continue regular operations during the pandemic hampered the fish protein concentrate market. The reason for the slow rise is pandemic fear, which drives people to prefer plant-based protein choices. But, now that the unlocking process has begun, fish protein concentrate demand is to increase.
'On-the-go snacking' is a growing consumer trend gaining manufacturers’ attention. Combined with rising consumer health consciousness, their choice for low-fat, high-protein snacking items is encouraging companies to create novel snacking products produced from fish protein concentrate.
The increasing number of companies are likely to provide appropriate protein without sacrificing product taste. Aside from that, they are implementing new marketing methods in order to improve their fish protein powder market revenue share. Rapid urbanization, changing lifestyles, and eating habits among the worldwide population may boost fish protein concentrate demand for convenience and processed foods in the near future.
Supplements containing fish protein powder are becoming increasingly popular in the West, with consumption much high in industrialized countries. Manufacturers are increasingly focusing on providing fish protein concentrate-based supplements in a variety of tastes such as chocolate, vanilla, and strawberry.
European Food Safety Authority recognizes the fat--binding and anti-inflammatory effects of fish protein concentrate forms (EFSA). Due to such acknowledgments from international authorities, the market is to register a CAGR of 6.5% during the forecast period.
| Attributes | Details |
|---|---|
| Fish Protein Concentrate Market CAGR (From 2023 to 2033) | 6.9% |
| Fish Protein Concentrate Market Size (2023) | USD 122.5 million |
| Fish Protein Concentrate Market Size (2033) | USD 240.3 million |
| Global Market Absolute Dollar Growth (USD million/billion) | USD 117.8 million |
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Since fish protein concentrate contains a considerable amount of collagen, which aids in skin tightening and slows the ageing process, it is projected that the cosmetic and personal care market may demonstrate the extensive use of fish protein concentrate in cosmetic products. To dramatically increase bone density and provide better bone capacity, collagen also enhances skin quality, the cell regeneration process, and bone quality.
Fish protein concentrate collagen is over 97% protein and free of fat, carbohydrates, or starches, making it a standout among other readily available proteins due to its distinctive amino acid compositions and high concentrations of glycine, hydroxyproline, and proline,
Because of Type I collagens' high bioavailability, their small molecular sizes when compared to other animal collagens allow them to enter the circulatory system up to 1.5 times more efficiently.
Fish protein concentrate is becoming popular in the skincare and cosmetics sectors owing to its numerous advantages.
Food consumption trends have shifted dramatically during the last few years. People are becoming concerned about their health and wellness, which has increased fish protein concentrate demand in healthy food items. Customers want multi-segment things that are simple and easy to reach. They are looking for quick and easy meals that may save their time while also meeting their nutritional needs.
A cereal bar is regarded as the ideal item since it provides proteins, unsaturated fats, minerals, and a variety of high-quality fibers. The need for improved ingredients has increased in tandem with the growing popularity of supplement-rich oat bars. Scientists have been searching for new food additives to boost their utility and health benefits.
Manufacturers of cereal bars are searching for sources of top-notch fish protein concentrate. Fish protein concentrate, an excellent source of protein, can be successfully added to a cereal bar to increase its supplement content. In light of this, fish protein concentrate demand may rise, particularly among manufacturers of cereal bars.
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| Attributes | Details |
|---|---|
| Top Type | Type C |
| CAGR % 2017 to 2022 | 5.4% |
| CAGR % 2023 to End of Forecast(2033) | 6.8% |
In terms of value, Type C is to command the considerable fish protein concentrate market share in 2023, amounting to more than 80%. Since fish protein concentrate is a genuine fish preparation suitable for human consumption, the fish protein concentrate demand is to increase. According to the Food and Agricultural Organization of the United States, there are three different types of fish protein concentrate, including Type A, B, and C.
Fish protein concentrates come in three different types: Type A is odorless and has a moderate powder, Type B has an offensive flavor and a high-fat content of 3%, and Type C is a regular fish dinner that is given in an agreeable clean environment.
The growth of the business sector is being fueled by the heightened fish protein concentrate demand in common food items like pasta and noodles. The growing emphasis on providing clients with specific flavor insights by food manufacturers is one more piquing consumer attention.
| Attributes | Details |
|---|---|
| Top End-Use | Food and Beverage |
| CAGR % 2017 to 2022 | 5.1% |
| CAGR % 2023 to End of Forecast(2033) | 7.2% |
The purpose of using fish protein concentrate in food and beverages is to give the human body with proteins, amino acids, and minerals. Fish are high-quality protein sources that include all of the necessary amino acids that humans require.
Anxiety in daily life, the prevalence of cardiovascular difficulties, and carcinogenesis are serious health concerns expressed by a big portion of the metropolitan population. Fish oil is thought to be helpful for heart health, which is one of the reasons why fish protein concentrate end users are frequently used it as a key ingredient in pharmaceutical and nutraceutical products.
| Attributes | Details |
|---|---|
| Top Form | Monosodium Malate |
| CAGR % 2017 to 2022 | 5.6% |
| CAGR % 2023 to End of Forecast(2033) | 6.9% |
The maximum concentration of utilization for fish protein concentrate in powder form is envisaged. The fish protein powder segment is to continue to hold a strong position during the course of the report's projection period, accounting for over 96% of the amount of fish protein concentrate sales positively influencing the fish protein powder segment.
| Country | United States |
|---|---|
| HCAGR (From 2017 to 2022) | 6.3% |
| CAGR (From 2023 to 2033) | 7.1% |
| Country | United Kingdom |
|---|---|
| HCAGR (From 2017 to 2022) | 6.3% |
| CAGR (From 2023 to 2033) | 7.1% |
| Country | China |
|---|---|
| HCAGR (From 2017 to 2022) | 6.4% |
| CAGR (From 2023 to 2033) | 7.6% |
| Country | Germany |
|---|---|
| HCAGR (From 2017 to 2022) | 6.8% |
| CAGR (From 2023 to 2033) | 7.8% |
| Country | Spain |
|---|---|
| HCAGR (From 2017 to 2022) | 5.0% |
| CAGR (From 2023 to 2033) | 7.0 |
| Attributes | Details |
|---|---|
| The United States Market Size (USD million/ billion) by End of Forecast Period (2033) | USD 112.6 million |
| The United States Market Absolute Dollar Growth (USD million/billion) | USD 42.79 million |
FMI expects the United States to be one of the most profitable markets over the forecast period. The country's enormous spending power is one of the key reasons driving growth in the United States.
Favorable government rules and regulations, as well as the geographical presence of key players such as Omega Proteins Corporation, a top player in the United States, are supporting market expansion. Aside from that, frequent product releases and development initiatives conducted by the top fish protein concentrate manufacturers can contribute to the country's overall growth.
The United States is one of the most significant global marketplaces, making it consistently profitable for companies that generate fish protein concentrate.
| Attributes | Details |
|---|---|
| The United Kingdom Market Size (USD million/ billion) by End of Forecast Period (2033) | USD 5.9 million |
| The United Kingdom Market Absolute Dollar Growth (USD million/billion) | USD 2.54 million |
The cosmetics and skin care sector in the United Kingdom is steadily expanding as numerous high-end cosmetic and skin care goods are imported from the country. Consumers' changing preferences have resulted in a strong demand for skin care products that address depigmentation, suppleness in skin tissues, and anti-aging. As a result, fish protein powder has emerged as one of the essential components utilized by various skin care products in the United Kingdom.
Components such as hydrolyzed fish collagen are thought to be particularly healthy for the skin and are in high fish protein concentrate demand in the United Kingdom, creating the potential for the fish protein concentrate market to grow.
| Attributes | Details |
|---|---|
| China Market Size (USD million/ billion) by End of Forecast Period (2033) | USD 25.9 million |
| China Market Absolute Dollar Growth (USD million/billion | USD 10.62 million |
The fish protein concentrate market has extremely profitable expansion potential in China. The propensity for consuming a high-protein diet among customers who are health concerned is assisting the nation's progress. People in China experience a high rate of health issues like heart attacks, thus in order to prevent them, customers supplement their diet with omega fatty acid capsules made from concentrated fish protein.
The increasing health consciousness may continue to be a key factor supporting the market growth in China.
| Attributes | Details |
|---|---|
| Germany Market Size (USD million/ billion) by End of Forecast Period (2033) | USD 19.22 million |
| Germany Market Absolute Dollar Growth (USD million/billion) | USD 6.73 million |
The fish protein concentrate business in Germany is growing quickly. As a result of Germany's reputation for technological innovation, fish protein concentrate producers are working to create novel processes with less waste in an effort to derive all of the useful characteristics.
In particular, aquaculture, agriculture, and animal feeds require fish protein concentrate. So, the market in Germany can immediately benefit from the rising fish protein powder demand for animal feeds.
The business climate in India is still favorable. Since a large portion of the population in India consumes fish, the key firms are turning their attention there. The fish protein concentrate market is moving away from a carbohydrate-based diet and towards a protein-based diet, which is the primary driver of the increase seen in the nation.
Young people in India have learned the value of protein in the diet, which has led to an increase in the consumption of fish protein powder as well as fish protein concentrate on the whole. This factor is also helping the growth. India can continue to be one of the prominent markets in South Asia for the selling of fish protein, according to FMI. In fact, it is India market may rise by 7.4% year over year in 2023.
Businesses in the fish protein concentrate industry are focused on mergers and acquisitions in order to broaden their product portfolio and regional presence. Aside from that, there is a strong emphasis on emphasizing certificates obtained.
Product launches, mergers and acquisitions, joint ventures, and research and development efforts are essential strategies used by fish protein concentrate market participants.
Recent Developments:
| Strategy | Certification |
|---|---|
| Company | Janatha Fish Meal & Oil Products |
| Details | Janatha Fish Meal & Oil Products has gained ISO 22000:2005, Ecocert (NPOP, NOP, EC), Halal, and European Union approval. |
| Strategy | Launch |
|---|---|
| Company | Incontech PTE Ltd. |
| Details | Incontech PTE Ltd. launched a tri-peptide collagen supplement in the form of jelly packets in Singapore in August 2019 in order to provide consumers with simple and efficient products. It may also help the corporation increase its consumer base throughout Asia Pacific. |
| Strategy | Expansion |
|---|---|
| Company | New Alliance Dye Chem Pvt. Ltd. |
| Details | To extend their product line, New Alliance Dye Chem Pvt. Ltd. has been focusing on research and development. |
The market is valued at USD 240.3 million in 2023.
Omega Proteins, Bevenovo Co. Ltd., and Bio-Oregon Protein are the key industry players.
The market is forecast to register a CAGR of 6.9% through 2033.
The market is China is expected to record a CAGR of 7.6% through 2033.
The market in Germany is emerging as a result of its reputation for technological innovation.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 5.1. Powder 5.2. Liquid 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 6.1. Type A 6.2. Type B 6.3. Type C 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Food & Beverages 7.2. Sport Nutrition & Dietary Supplement 7.3. Cosmetic & Personal Care 7.4. Pharmaceuticals 7.5. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Janatha Fish Meal & Oil Products 18.2. Bevenovo Co. Ltd 18.3. Bio-Oregon Protein 18.4. Omega Protein Corporation 18.5. Colpex International Inc. 18.6. Shenzhen Taier Biotechnology Co. Ltd. 18.7. New Alliance Dye Chem Pvt. Ltd. 18.8. Peterlabs Holdings 18.9. Mukka Sea Foods Industries Pvt Ltd 18.10. Scanbio Marine Group 18.11. Apelsa Guadalajara 19. Assumptions & Acronyms Used 20. Research Methodology
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Fish Protein Concentrate Market
