The global marine-derived protein market size is projected to witness substantial growth, increasing from USD 7,634.9 million in 2023 to USD 20,190.0 million by 2033. The market is expected to surge at a CAGR of 6.3% during the projection period 2023 to 2033.
| Attributes | Key Insights |
|---|---|
| Estimated Marine-derived Protein Market Size (2023E) | USD 7,634.9 million |
| Projected Marine-derived Protein Market Value (2033F) | USD 20,190.0 million |
| Value-based CAGR (2023 to 2033) | 6.3% |
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The marine-derived protein market represents a pivotal paradigm shift in the global food industry, embodying a harmonious blend of nutrition, sustainability, and innovation. Derived from diverse marine sources such as fish, algae, and shellfish, these proteins have emerged as frontrunners in pursuing sustainable, high-quality dietary options.
With an ever-increasing focus on environmental conservation and healthier eating habits, marine-based proteins have garnered immense attention from consumers and manufacturers. In recent years, a surge in health-conscious consumerism and environmental awareness has significantly contributed to the market's expansion.
Marine-based proteins offer a plethora of essential nutrients, including omega-3 fatty acids, vitamins, and minerals, making them an ideal choice for health-conscious individuals.
Additionally, their low ecological impact and efficient production methods have positioned them as eco-friendly alternatives to traditional livestock-based proteins. Manufacturers in the marine-derived protein market are actively investing in research and development, exploring innovative extraction techniques and product formulations.
Their efforts are geared toward enhancing the nutritional profile, taste, and texture of marine-based protein products. Moreover, strategic collaborations with marine biologists and environmental scientists underscore the industry's commitment to sustainable practices.
The versatility of marine-derived protein allows their incorporation into an extensive range of food products, from supplements and functional foods to culinary delicacies, catering to diverse consumer preferences.
As the global population continues to gravitate toward sustainable living and healthier dietary choices, the marine-derived protein market is not only meeting but also shaping these evolving demands, heralding a new era in the food industry.
Between 2018 and 2022, the global marine-derived protein market experienced a transformative phase marked by unprecedented growth and a shift toward sustainable dietary choices.
During this period, the market witnessed a substantial uptick in sales, surging from USD 4,580.1 million in 2018 to USD 6,868.3 million in 2022. This surge was propelled by rising consumer awareness regarding the health benefits of marine-derived protein and its eco-friendly nature.
| Historical Value (2018) | USD 4,580.1 million |
|---|---|
| Historical Value (2022) | USD 6,868.3 million |
Consumers, increasingly conscious of the environmental impact of traditional livestock farming, turned to marine-derived protein sourced from fish, seaweed, and other organisms. These proteins offered a dual advantage - a rich source of essential nutrients and a significantly lower ecological footprint.
Advancements in processing technologies led to the creation of a diverse range of marine-derived protein products, including supplements, powders, and ready-to-eat foods, further amplifying market growth. Looking ahead, the market is poised for continued expansion from 2023 to 2033.
Projections suggest a sustained increase in demand, with the market's value expected to reach USD 20,190.0 million by 2033. This growth will be bolstered by ongoing research and development initiatives to enhance the taste, texture, and nutritional profiles of marine-derived protein products.
Collaborations between manufacturers, research institutions, and government bodies are anticipated to drive innovation, ensuring the market's competitiveness and promoting sustainable practices in marine-derived protein production. As the world embraces eco-conscious consumption, marine-derived protein are positioned as a vital component of the future of sustainable nutrition.
Principal Consultant
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In the table below, the CAGRs of the top three countries are given for the review period 2023 to 2033. The United States is expected to remain dominant by exhibiting a CAGR of 8.5%. Australia and China are anticipated to follow with CAGRs of 4.2% and 8.2%, respectively.
| Countries | CAGR |
|---|---|
| United States | 8.5% |
| China | 8.2% |
| Australia | 4.2% |
The marine-derived protein market in the United States is poised to exhibit a CAGR of 8.5% in the estimated period. The country is set to reach a market valuation of USD 7,470.3 million during the forecast period.
Growing awareness about the health benefits of marine-derived proteins, such as high-quality amino acids and omega-3 fatty acids, has led to their popularity among health-conscious consumers. The rising demand for sustainable and eco-friendly protein sources has driven the adoption of marine-derived proteins, aligning with the environmental concerns of consumers.
Innovations in food processing technology have improved the taste and texture of marine-derived protein products, making them more appealing to a wider consumer base. Moreover, the trend for alternative protein sources has contributed to the surging sales of marine-derived proteins, offering a viable option for those seeking non-animal protein alternatives.
Collaborations between food manufacturers and seafood industries have resulted in diverse product offerings. These would help in enhancing consumer choices and boosting sales in the marine-derived protein market in the United States.
China’s fast urbanization and increased disposable income have resulted in the marine-derived protein market growing at 8.2% from 2023 to 2033. The country is anticipated to reach a market size of USD 5,410.9 million in 2033.
In China, collaborative initiatives between food manufacturers and seafood companies have significantly diversified marine-derived protein product offerings. These partnerships have led to the development of a wide array of innovative and appealing products derived from marine sources.
By combining expertise from both sectors, these collaborations have optimized processing techniques, ensuring the production of high-quality, flavorful, and nutritionally rich marine-derived protein items. Consumers now have access to a diverse range of marine-derived protein products, including fish protein concentrates, fish hydrolysates, and fish protein isolates, each tailored to meet varying dietary needs.
The expanded variety has resonated with consumers, driving market growth. Moreover, these collaborative efforts have enhanced supply chains, making marine-derived protein more readily available to a broader audience. In essence, these collaborations have not only increased product variety but also improved product accessibility and quality.
The combined effort between food manufacturers and seafood industries has played a pivotal role in propelling the marine-derived protein market in China. These would help in meeting the demands of health-conscious consumers while contributing significantly to the market's expansion.
Australia's increasing emphasis on well-being is expected to help the marine-derived protein market witness a CAGR of 4.2% through 2033. It will likely reach a market valuation of USD 1,514.3 million by 2033.
The rise in fitness and health-conscious consumers seeking natural and nutrient-rich protein sources has created a growing demand for marine-derived proteins. Furthermore, the versatility of marine proteins in several food applications, including sports nutrition supplements and functional foods, has expanded its market presence.
The ongoing research and development efforts in creating innovative marine protein-based products tailored to consumer preferences have played a significant role in driving sales. Furthermore, collaborations between food companies and international markets have opened up export opportunities, driving marine-derived protein sales in the country.
The United Kingdom has witnessed a rising interest in sustainable and alternative protein sources, similar to several other countries. Marine-derived proteins are becoming increasingly popular since they are thought to be more ecologically friendly than regular livestock.
The nutritional advantages of marine-derived proteins, such as their high protein content, necessary amino acids, and omega-3 fatty acids, are becoming more known to consumers in the United Kingdom. This awareness is driving the demand for goods containing these components.
Several food and beverage products, such as seafood-based goods, protein supplements, functional foods, and nutraceuticals, contain proteins obtained from marine sources. Their nutritional worth and functional qualities make them valuable. The need for nutraceuticals and practical meals, which provide health advantages over essential diet, has prompted the use of marine-derived proteins in several goods aimed at health-conscious consumers.
India is pursuing research and development to extract and process marine-derived proteins more efficiently, as well as to uncover new sources and uses for them. To improve research, development, and market reach, companies in India’s marine-derived protein market frequently collaborate with technology providers, academic institutions, and other stakeholders.
Compliance with several regulatory frameworks and criteria concerning food safety, quality, and sustainability is vital for businesses operating in India’s marine-derived protein market.
Sustainable fishing and aquaculture methods are highly valued in India, reflected in the procurement and manufacturing of proteins obtained from the sea. To meet the increasing demand, both domestic and foreign competitors are supplying products in the competitive market for proteins derived from marine sources in India.
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The table below signifies leading sub-categories under source, end-user, and extraction techniques in the marine-derived protein market. Fish-derived protein is expected to dominate the market for marine-derived proteins to reach USD 5,532.1 million by 2033.
Under the extraction technique category, the enzymatic hydrolysis segment is projected to attain a valuation of USD 5,572.4 million by 2033.
| Segment | Value (2033) |
|---|---|
| Fish-derived Proteins (Source) | USD 5,532.1 million |
| Food and Beverage Industry (End-user) | USD 6,258.9 million |
| Enzymatic Hydrolysis (Extraction Technique) | USD 5,572.4 million |
Based on the source, the fish-derived proteins segment is expected to hold a market share of 27.4% by 2033. It is anticipated to reach a market valuation of USD 5,532.1 million by 2033.
Fish-derived proteins are renowned for their high-quality amino acids and essential fatty acids, especially omega-3, which benefit overall health. Additionally, fish proteins offer a neutral taste, making them ideal for several culinary applications.
Algae-derived proteins, shellfish-derived proteins, and marine invertebrate proteins, although valuable, often have distinct flavors and textures that can limit their widespread use in the food industry. This is projected to contribute to the higher preference for fish-derived proteins.
Based on end-users, the food and beverage industry is expected to hold a market share of 31.0% to reach a valuation of USD 6,258.9 million by 2033. The food and beverage industry experiences a significant demand for marine-derived proteins due to their potential to enhance nutritional content without altering the taste drastically.
Proteins from marine sources are set to be used in functional foods and beverages, catering to health-conscious consumers seeking natural protein supplements.
While the pharmaceutical cosmetics and skincare industries also benefit from marine proteins, their applications are more specialized. Pharmaceuticals would require specific formulations. Cosmetic applications necessitate refined, often specialized, protein extracts. Hence, the broader utility of marine proteins in the food and beverage industry drives their demand.
Based on the extraction technique, the enzymatic hydrolysis segment is expected to hold a market share of 27.6% and attain a valuation of USD 5,572.4 million by 2033.
Enzymatic hydrolysis stands out as a widely preferred extraction method due to its efficiency and ability to preserve protein integrity. This method utilizes enzymes to break down proteins into peptides and amino acids, ensuring a higher yield of bioactive compounds.
Compared to supercritical fluid extraction, high-pressure processing (HPP), ultrasound-assisted extraction, and microwave-assisted extraction, enzymatic hydrolysis balances effectiveness and cost. It maintains the bioactivity of proteins and peptides, making them suitable for several applications in food, beverages, and supplements.
The method's gentle processing conditions also prevent the denaturation of sensitive compounds, making it the preferred choice for extracting valuable proteins from marine sources.
The marine-derived protein market has a diverse and dynamic competitive landscape. Leading companies specializing in diverse fields are focusing on research and development, sustainable sourcing, and new formulations.
Leading companies emphasize environmentally friendly practices and product certifications. They are aiming to satisfy the increased demand for natural and sustainable ingredients. Additionally, they would try to preserve their market position and capitalize on the growing demand by focusing on quality, innovation, and matching customer preferences.
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| Attribute | Details |
|---|---|
| Estimated Marine-derived Protein Market Size (2023E) | USD 7,634.9 million |
| Projected Marine-derived Protein Market Value (2033F) | USD 20,190.0 million |
| Value-based CAGR (2023 to 2033) | 6.3% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value, MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Segments Covered | Source, End-user, Type, Extraction Technique, and Region |
| Key Companies Profiled | Omega Protein Corporation; Aroma NZ Ltd.; Hofseth BioCare ASA; GC Rieber Oils; Scanbio Marine Group; Golden Omega; Marine Ingredients; Sea Run Holdings Inc.; Arctic Nutrition AS; CP Kelco; Other Players |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
By 2033, the marine-derived protein market is expected to rise at a CAGR of 6.3%.
Marine-derived protein market is estimated to reach USD 7,634.9 million in 2023.
By 2033, the market is expected to be worth USD 20,190.0 million.
Based on the source, the fish-derived proteins segment is expected to reach USD 5,532.1 million by 2033.
Leading players include Omega Protein Corporation, Aroma NZ Ltd., and Hofseth BioCare ASA.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Global Market-Pricing Analysis 5. Value Chain Analysis 6. Global Market Size (in Value (USD 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 Source 7.1. Fish-derived Proteins 7.2. Algae-derived Proteins 7.3. Shellfish-derived Proteins 7.4. Marine Invertebrate Proteins 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 End-user 9.1. Food and Beverage Industry 9.2. Pharmaceutical Industry 9.3. Cosmetics and Skincare Industry 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Extraction Technique 10.1. Enzymatic Hydrolysis 10.2. Supercritical Fluid Extraction 10.3. High-Pressure Processing (HPP) 10.4. Ultrasound-assisted Extraction 10.5. Microwave-assisted Extraction 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 and 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. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Country-level Market Analysis 20. Market Structure Analysis 21. Competition Analysis 21.1. CP Kelco 21.2. Omega Protein Corporation 21.3. Aroma NZ Ltd. 21.4. Hofseth BioCare ASA 21.5. GC Rieber Oils 21.6. Scanbio Marine Group 21.7. Golden Omega 21.8. Marine Ingredients 21.9. Sea Run Holdings Inc. 21.10. Arctic Nutrition AS 21.11. CP Kelco 21.12. Other Players (On Additional Requests) 22. Assumptions and Acronyms Used 23. Research Methodology
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Marine-derived Protein Market
