Fish Protein Market Scope & Overview

The Fish Protein Market was valued at USD 3.78 billion in 2022 and is projected to reach USD 5.94 billion by 2030, with a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030.

This market segment has witnessed significant growth and is expected to continue its upward trajectory in the coming years. The increasing demand for Fish Protein Market, driven by its numerous health benefits and rising consumer awareness regarding the importance of a balanced diet, has contributed to this market's expansion.

Furthermore, the growing popularity of fish protein among athletes and fitness enthusiasts as a rich source of essential amino acids and high-quality protein has further fueled its market growth. Fish protein is known for its superior nutritional profile, low fat content, and high digestibility, making it an ideal choice for individuals seeking a healthy and sustainable protein source.

Moreover, the rising prevalence of chronic diseases, such as obesity and diabetes, has led to a surge in demand for healthier food alternatives. Fish protein, being a lean and nutritious option, has gained traction as a preferred choice for health-conscious consumers. Additionally, the increasing adoption of fish protein in the pet food industry, owing to its nutritional benefits for pets, has also contributed to the market's expansion.

Geographically, the Asia-Pacific region dominates the fish protein market, owing to the high consumption of fish and seafood in countries like China, Japan, and India. The region's growing population, coupled with rising disposable incomes and changing dietary preferences, has propelled the demand for fish protein products.

In conclusion, the Fish Protein Market is witnessing steady growth and is expected to continue its upward trajectory in the coming years. The increasing awareness about the health benefits of fish protein, coupled with the rising demand for healthier food alternatives, is driving the market's expansion. With its superior nutritional profile and growing popularity among athletes, fitness enthusiasts, and pet owners, fish protein is poised to become a prominent player in the global protein market.

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Major Key Players Included are:

Omega Protein Corporation, Mukka Sea Food Industries, Bio-marine Ingredients Ireland Ltd, Bio Phoenix Formulations, Apelsa Guadalajara, S.A. de C.V., Advance International, Inc., Nutrifish, Peterlabs Holdings Barhad, Siam Industries International.

Market Segmentation & Sub-segmentation included are:

By Forms:

l Concentrated

l Isolated

l Hydrolysate

By End-User:   

l Meat processing

l Bakery

l Dietary supplements

l Clinical nutrition

l Infant formula

l Sports nutrition

l Ready to eat

l Retail/Household

By Distribution Channel:

l Business to Business

l Business to Consumer

l Convenience Stores

l Super Markets/ Hypermarkets

l Online Stores

l Specialty Stores

l Others

Table of Contents

1.Introduction

2.Research Methodology

3.Market Dynamics

4.Impact Analysis

4.1.COVID-19 Impact Analysis

4.2.Impact of Ukraine- Russia war

4.3.Impact of Ongoing Recession on Major Economies

5.Value Chain Analysis

6.Porter’s 5 Forces Model

7.PEST Analysis

8.Global Fish Protein market segmentation, by forms

9.Global Fish Protein market segmentation, by end-user

10.Global Fish Protein market segmentation, by distribution channel

11.Global Fish Protein market, by region/ country

12.Company profiles

13.Competitive Landscape

14.Conclusion

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