Mexico is one of the fastest growing countries in North America region. The market of fish protein currently shares around 16% of fish protein market in North America. The industry of fish farming is moderately developed in the country. The Government has been making increasing effort to develop strict policies and regulation that could aid the consumers to trust manufacturers in terms of product quality, reliability and demand fulfillment. Mexican fish protein market currently holds the revenue of $0.20 million in 2018. Growing lactose intolerant population, increasing awareness about health consciousness among the consumers and growing demand of alternate protein source projects the market revenue of fish protein to attain the value of $0.26 million by 2023, registering a fastest CAGR of 6% during the forecast period.
Major drivers for fish protein industry in the country is growing youngsters seeking for leading healthy lifestyle. Along with this, increasing sports persons and body builders are highly interested in consuming supplement products to build strong muscles and healthy body. This would aid the growth of fish protein market across dietary supplements industry to capture the value of $0.26 million by 2023, registering a CAGR 6.4% during the forecast period. The application of fish protein across animal feed shares around 16% of market share. Animal feed experts are highly recommending and suggesting the health advantages of fish protein for animals in terms of growth and strength. Pertaining to this, growing feed manufacturers are introducing fish protein-based animal feed which would also strengthen the fish protein market in the country
The application of fish protein across food industry shares around 23% of fish protein market share. Most of the growth in food industry is coming from consumers demanding for meat substitute products such as sausages, hot dogs, burgers, chicken free meat, etc. These products can be prepared by adding fish protein which provides mouth feel taste and provides similar flavor as that of meat. In addition, the demand of dairy alternative products such as milk, yoghurt and other products is rising, hence the products in these segments provides huge opportunity for the application of fish protein as an ingredient.
Key Deliverables
Major drivers for fish protein industry in the country is growing youngsters seeking for leading healthy lifestyle. Along with this, increasing sports persons and body builders are highly interested in consuming supplement products to build strong muscles and healthy body. This would aid the growth of fish protein market across dietary supplements industry to capture the value of $0.26 million by 2023, registering a CAGR 6.4% during the forecast period. The application of fish protein across animal feed shares around 16% of market share. Animal feed experts are highly recommending and suggesting the health advantages of fish protein for animals in terms of growth and strength. Pertaining to this, growing feed manufacturers are introducing fish protein-based animal feed which would also strengthen the fish protein market in the country
The application of fish protein across food industry shares around 23% of fish protein market share. Most of the growth in food industry is coming from consumers demanding for meat substitute products such as sausages, hot dogs, burgers, chicken free meat, etc. These products can be prepared by adding fish protein which provides mouth feel taste and provides similar flavor as that of meat. In addition, the demand of dairy alternative products such as milk, yoghurt and other products is rising, hence the products in these segments provides huge opportunity for the application of fish protein as an ingredient.
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
