The economy of Argentina is second largest in the South America region. Industrialization is one of the major drivers that has resulted in rapid growth of Argentina. The protein industry in the country is growing at a steady rate, most of the demand of which is mainly coming from supplement and food products. Fish protein industry of Argentina currently records around 14% of total fish protein market in South America. In terms of market size, fish protein is estimated to record the market revenue of $0.07 million by 2023, registering a CAGR of 6.3% during the period of forecast 2018 to 2023.
Major drivers of fish protein market in Argentina are rising disposable income of middle class and lower-class level, increase in consciousness towards the health and growing awareness about the health benefits of protein to reduce weight and to balance daily diets. The application of fish protein across dietary supplements industry shares highest market share of 36% which is followed by food, animal feed and beverage industry. Due to global trend of fitness among young population, youngsters in Argentina are also indulging in physical fitness activities by regularly attending fitness session in gym and clubs. The recommendations of gym instructors and fitness experts influences the buying behavior of the consumers which has led to growing demand of protein-based supplement products.
The consumption of meat and its derivative products is reducing due to growing concern about the health problems such as obesity. Hence, since last few years, the application of fish protein across meat substitute products is growing at a decent rate. Moreover, the population who are affected by lactose sensitiveness is also surging. Growing lactose intolerance has resulted in rising demand of lactose free dairy alternative products. Fish protein being lactose free and gluten free and a source of high quality protein, minerals and vitamins is a viable alternative to other popular sources such as whey protein and soy protein which would provide significant boost to fish protein market in coming years.
Key Deliverables
Major drivers of fish protein market in Argentina are rising disposable income of middle class and lower-class level, increase in consciousness towards the health and growing awareness about the health benefits of protein to reduce weight and to balance daily diets. The application of fish protein across dietary supplements industry shares highest market share of 36% which is followed by food, animal feed and beverage industry. Due to global trend of fitness among young population, youngsters in Argentina are also indulging in physical fitness activities by regularly attending fitness session in gym and clubs. The recommendations of gym instructors and fitness experts influences the buying behavior of the consumers which has led to growing demand of protein-based supplement products.
The consumption of meat and its derivative products is reducing due to growing concern about the health problems such as obesity. Hence, since last few years, the application of fish protein across meat substitute products is growing at a decent rate. Moreover, the population who are affected by lactose sensitiveness is also surging. Growing lactose intolerance has resulted in rising demand of lactose free dairy alternative products. Fish protein being lactose free and gluten free and a source of high quality protein, minerals and vitamins is a viable alternative to other popular sources such as whey protein and soy protein which would provide significant boost to fish protein market 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
