by The Fish Protein Concentrate Market is in trends towards sustainability by adopting advanced production techniques. Fish Protein Concentrate is a high-quality animal protein derived from fish processing by-products through complex technological processes. It contains essential amino acids and provides numerous health benefits. The product has seen increasing usage as a functional ingredient in sports nutrition, clinical nutrition, infant formula and pet food applications due to its high digestibility and bioavailability.
The Global Fish Protein Concentrate Market is estimated to be valued at US$ 143.2 Mn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players: Key players operating in the Fish Protein Concentrate market are 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.
Growing demand: The Fish Protein Concentrate Market Demand for high-protein, nutritious ingredients in food and feed industries is driving the fish protein concentrate market. The rising health-conscious consumer base is increasing consumption of protein-enriched products.
Global expansion: Key market players are expanding their global footprint through capacity extensions, new product launches and acquisitions to tap emerging markets in Asia Pacific and Latin America with high demand potential. Sustainable production using new technologies is gaining focus.
Market Key Trends
An emerging trend is the adoption of advanced production techniques like isoelectric solubilization and precipitation to isolate high-purity protein fractions in a sustainable manner. This method yields products with quality proteins and removes toxic contaminants with minimal environmental impact. Companies are also investing in R&D for protein hydrolysis using enzymes to develop customized protein solutions for specific industry needs. Sustainable fishing practices and certifications like MSC are important to ensure responsible sourcing of raw materials.
Porter’s Analysis
Threat of new entrants: Low capital requirement and available production facilities pose a moderate threat of new entrants in the Fish Protein Concentrate Market Analysis.
Bargaining power of buyers: Large number of buyers leads to higher bargaining power of buyers in the fish protein concentrate market.
Bargaining power of suppliers: Dependence on limited number of suppliers and lack of substitute products increases bargaining power of suppliers in the fish protein concentrate market.
Threat of new substitutes: Limited threat from alternative proteins like soy and pea due to consumer preference for fish protein in specific applications.
Competitive rivalry: Intense competition between existing players to gain more market share.
Geographical Regions
North America accounts for the largest share in the fish protein concentrate market owing to rising demand for nutritious food products and increasing use of fish protein concentrate in snacks, pet foods and dietary supplements in the United States and Canada.
Asia Pacific is expected to witness the fastest growth during the forecast period due to growing population, increasing health awareness and rising disposable incomes in countries like China, India and Japan. Rapid urbanization and changing lifestyles have boosted the consumption of health and wellness products in Asia Pacific region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
