Fish Protein Market Segmented By Type (Fish Protein Powder(FPP), Fish Protein Hydrolysates (FPH), and Others), By Form (Powder, and Liquid), By Application (Food Processing, Animal Feed, Cosmetics, Nutraceuticals, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa, and Rest of the World) – Key Insights and Impact of COVID-19 on the Global Market Growth Report 2021-2026
Fish Protein Market Introduction 2021-2026:
Fish Protein Market size was valued at USD 3.50 billion in 2021 and is projected to reach USD 4.21 billion by the end of 2026, with growth at a CAGR of 4.1% over the forecast period 2021-2026. Powder held the foremost Fish Protein Market share in the year 2019, due to the extensive usage of powder in supplements and beverages. The cosmetics segment held the highest Fish Protein Market share in 2019. Fish protein has been ahead of grip in developing markets such as the United States, Canada, and Germany. This is accredited to an increase in importance for fish meal in animal feed because of an upsurge in the attraction of buyers toward natural animal feed products or organic animal feed products.
Additionally, an increase in consumption of fish protein and an increase in health awareness between health-conscious customers are the vital factors that drive the global fish protein market growth. Contingent on the fish protein market analysis, the fish protein concentrate (FPC) section produces the highest revenue in the year 2018 and is predicted to remain in this trend over the forecast. On the fish protein market prediction, the animal feed segment produces the largest share in the fish protein market in the year 2018.
Increasing demand for Fish Protein Concentrate in Personal Healthcare Products and Cosmetics.
surge demand of Fish Protein Concentrate in Pharmaceuticals industry
Fish Protein Market Segmentation:
Fish Protein Market is segmented by Type, By Form, and By Application. Based on Type, the market is segmented into Fish Protein Powder(FPP), Fish Protein Hydrolysates (FPH), and Others. Based on Form, it is divided into Powder, and Liquid. And Based on Application into Food Processing, Animal Feed, Cosmetics, Nutraceuticals, and Others.
By Form, the Fish Protein Concentrate Market is sub-segmented into Powder and Liquid. Powder held the foremost market share in the year 2019, due to the extensive usage of powder in supplements and beverages.
By Application, the Fish Protein Concentrate Market is classified into Food Processing, Animal Feed, Cosmetics, Nutraceuticals, and Others. The cosmetics segment held the highest market share in 2019, due to numerous benefits provided by the fish protein concentrate as it is a rich source of bioactive amalgams namely; peptides and protein.
Geographical Classification of the Global Market:
Geographically the global Fish Protein Market classified into North America into the USA, Canada. By Latin America into Brazil, Argentina, Mexico. By Europe into UK, Germany, Spain, France, London, Italy, and rest of the European countries. The Middle East and Africa into KSA, UAE, Qatar, & South Africa. The Asia Pacific into India, China, Japan, Malaysia, Singapore, Australia, and the Rest of the APAC countries.
Fish Protein Market Regional Growth Insights:
North America Fish Protein Concentrate Market is the utmost prominent regional market. This is credited to the extremely changed retail structure and augmented adoption of fish protein due to the increase in the prevalence of obesity. Furthermore, the rise in expenditure of customers on nutricosmetics adds and dietary food to the fame of fish protein in the North America region.
Asia Pacific Fish Protein Concentrate market is one more leading market due to the existence of Seasaga Group is the major and oldest frozen seafood processing and exporting company in India.
China is predicted to produce at the uppermost CAGR over the forecast period, due to the rise in fish farming and an upsurge in the acceptance of fish meals in the animal feed market.
Competitive Landscape Analysis – Fish Protein Market:
Merger & Acquisition, Product Launches, R&D activities, and joint ventures are the main strategies accepted by the Major players in the Global Fish Protein Concentrate Market. The Key Players covered in the global market report are; Alaska Protein Recovery LLC, Copalis, Bio-marine Ingredients Ireland Ltd, Gelita AG, Dramm Corporation, Great Pacific BioProducts Ltd., Janatha Fish Meal & Oil Products, Hofseth Biocare ASA, Scanbio Marine Group AS, Symrise AG, SAMPI, and United Fisheries Ltd.
October 2019: Fish protein producer Bluewave launched AminoMarine brand protein powder
- Fish Protein Powder(FPP)
- Fish Protein Hydrolysates (FPH)
- Food Processing
- Animal Feed
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Rest of the world
- Alaska Protein Recovery LLC
- Bio-marine Ingredients Ireland Ltd
- Gelita AG
- Dramm Corporation
- Great Pacific BioProducts Ltd
- Janatha Fish Meal & Oil Products
- Hofseth Biocare ASA
- Scanbio Marine Group AS
- Symrise AG
- United Fisheries Ltd
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