The food processing industry in Canada possess highly advanced technologies. The fish protein industry in Canada shares around 22% of North American fish protein market. Canada fish protein market is estimated at $0.28 million in 2018. Major drivers of fish protein consumption in the country such as growing trend of fitness, surging demand of lactose free and gluten free products and dynamically changing demand of beverage and animal feed projects the market revenue of fish protein to capture the value of $0.36 million by 2023, registering a CAGR of 5.7% during the period of forecast 2018 to 2023.
The lactose and gluten intolerant population is surging in Canada. This has led to growing demand of dairy alternative products. The industry of whey protein in Canada is still expanding at a rapid pace but considering growing concern about lactose among the population, the demand of alternative protein such as vegetable protein and other animal-based protein is rising rapidly. The consumption of meat and meat-based protein products is also decreasing due to growing awareness about the fat content. Seafood and its derivative products have gained importance since last decade. All these trends in the country, projects the application of fish protein across food industry to capture the value of $0.08 million by 2023, registering at a CAGR of 5.9% during forecast period.
Young population in Canada are increasingly committed to lead healthy lifestyle. Youngsters are regularly hitting gym and fitness clubs which has led to growing demand of supplement products that aids the muscle growth and strong body physique. The application of fish protein across dietary supplements industry is growing at a fastest CAGR of 6% during the forecast period. Fish protein is also used in beverage industry for stabilizing various drinks and to enhance the flavor & taste of juices and other products. Such fish protein advantages have resulted in around 12% of fish protein application market share across beverage industry. Other application of fish protein includes animal feed, cosmetics, personal care and pharmaceuticals. In coming years, due to increase in effort of exploration of fish protein applications, market revenue of fish protein is estimated to grow further at a decent rate.
Key Deliverables
The lactose and gluten intolerant population is surging in Canada. This has led to growing demand of dairy alternative products. The industry of whey protein in Canada is still expanding at a rapid pace but considering growing concern about lactose among the population, the demand of alternative protein such as vegetable protein and other animal-based protein is rising rapidly. The consumption of meat and meat-based protein products is also decreasing due to growing awareness about the fat content. Seafood and its derivative products have gained importance since last decade. All these trends in the country, projects the application of fish protein across food industry to capture the value of $0.08 million by 2023, registering at a CAGR of 5.9% during forecast period.
Young population in Canada are increasingly committed to lead healthy lifestyle. Youngsters are regularly hitting gym and fitness clubs which has led to growing demand of supplement products that aids the muscle growth and strong body physique. The application of fish protein across dietary supplements industry is growing at a fastest CAGR of 6% during the forecast period. Fish protein is also used in beverage industry for stabilizing various drinks and to enhance the flavor & taste of juices and other products. Such fish protein advantages have resulted in around 12% of fish protein application market share across beverage industry. Other application of fish protein includes animal feed, cosmetics, personal care and pharmaceuticals. In coming years, due to increase in effort of exploration of fish protein applications, market revenue of fish protein is estimated to grow further at a decent rate.
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
