Columbia’s economy has been growing steadily since past few years. Present Government of Columbia is highly committed to revive its economy by making effort for rapid industrialization and infrastructure development. The protein industry in Columbia is expanding at a very good rate with increase in influence of fitness trends prevailing in the western developed countries. The market of fish protein in Columbia is very new and is growing at a relatively lower rate than other protein markets. Columbia only holds around 7% of total fish protein in South America.
In terms of revenue, fish protein industry of Columbia is currently recorded at $0.02 million. Major drivers of fish protein industry in the country are rapid urbanization, demand of high quality and healthy nutritional products, rising level of income particularly among middle class and lower-class families and ever-growing awareness of health benefits of protein consumption. These drivers project the fish protein market in Columbia to attain the market size of $0.03 million by 2023, registering a CAGR of 5% during the period of forecast during 2018 to 2023. Ever growing population in Columbia are indulging in fitness activities with an aim to reduce the body weight. This trend has been mostly adopted from western countries which has led to ever growing market of protein in the country. Fish protein isolate and concentrate has been increasingly used in producing supplement products that provide strong muscles. With rising market of sports nutrition, fish protein application across dietary supplements industry is projected to grow at a CAGR of 5.5% during the forecasting period 2018 to 2023.
The consumption of meat in Columbia is still very high. However, in recent years due to increase in awareness about the health disadvantages of meat, many experts believe that in coming years, the demand of meat substitute products in the country is estimated to grow rapidly. Fish protein being free of fat and other adverse content, when added to meat alternative not only enhance the taste, flavor and appearance, but also provides various health advantages. Other major applications of fish protein across food industry includes segments such as processed seafood, dairy alternative, bakery, confectionery and snacks. The application of fish protein across beverage industry is still very low, but with rising research effort and growing demand of protein containing beverage products, the market of fish protein is estimated to grow rapidly in coming years.
Key Deliverables
In terms of revenue, fish protein industry of Columbia is currently recorded at $0.02 million. Major drivers of fish protein industry in the country are rapid urbanization, demand of high quality and healthy nutritional products, rising level of income particularly among middle class and lower-class families and ever-growing awareness of health benefits of protein consumption. These drivers project the fish protein market in Columbia to attain the market size of $0.03 million by 2023, registering a CAGR of 5% during the period of forecast during 2018 to 2023. Ever growing population in Columbia are indulging in fitness activities with an aim to reduce the body weight. This trend has been mostly adopted from western countries which has led to ever growing market of protein in the country. Fish protein isolate and concentrate has been increasingly used in producing supplement products that provide strong muscles. With rising market of sports nutrition, fish protein application across dietary supplements industry is projected to grow at a CAGR of 5.5% during the forecasting period 2018 to 2023.
The consumption of meat in Columbia is still very high. However, in recent years due to increase in awareness about the health disadvantages of meat, many experts believe that in coming years, the demand of meat substitute products in the country is estimated to grow rapidly. Fish protein being free of fat and other adverse content, when added to meat alternative not only enhance the taste, flavor and appearance, but also provides various health advantages. Other major applications of fish protein across food industry includes segments such as processed seafood, dairy alternative, bakery, confectionery and snacks. The application of fish protein across beverage industry is still very low, but with rising research effort and growing demand of protein containing beverage products, the market of fish protein is estimated to grow rapidly in coming years.
Key Deliverables
- Market trends since 2014 and five year forecasts of market growth
- Detailed analysis of the micro and macro elements influencing demand trends
- Identifying opportunity spaces across segments and countries
- Supply & demand side trend and analysis
- Price trend analysis, investment prospects and competition pattern
- Insights on growth potential of the market
- Detailed analysis of major producers covering financial investments & strategies adopted
- Competitive landscape of the industry
Table of Contents
1. Introduction
2. Summary
3. Industry Dynamics
4. Market Size and Forecast
5. Competitive Analysis
6. Company Profiles
Companies Mentioned
- Triple Nine Group A/S
- Advance International Inc.
- Ingredients Inc.
- Omega Protein
- Alaska Protein Recovery
- Guyamas Protein Company
- Bacarel Express
- BioOregon Protein
- Sopropeche
- Hofseth Biocare ASA
- A. Costantino & C. S.P.A.
- Aroma NZ
