South Africa is one of the leading economies in the Africa region. The country is highly developed compared to the other countries in the region. The Government of South Africa is highly committed to expand country’s manufacturing sector and attract the foreign companies to invest in the country which will increase the rate of employment. The market of fish protein in South Africa currently holds around 65% of Africa fish protein market. Rising demand of protein in the country is due to growing concern about the health and growing trend of fitness especially among the youngsters in the country.
South African fish protein market currently holds the market revenue of $0.07 million in 2018. Young population in South Africa are regularly indulging in fitness and gym sessions. This trend has led to growing demand of protein-based supplement products. The application of fish protein across dietary supplements industry shares around 35% of total fish protein market. It is one of the fastest growing segments and is estimated to grow at a CAGR of 6% during forecast period. Moreover, the concern about the obesity is rising rapidly in the country. Hence, population are becoming more and more aware about the benefits of consuming protein in order to maintain body weight. The application of fish protein across food industry which captures the market share of 22% is estimated to grow at a CAGR of 5.5%. The demand of meat substitute products and dairy alternative products are attractive segments for the application of fish protein.
In Africa region, there are not many players in the fish protein industry. Most of the fish protein and its derivative products in the country is imported by the food, supplement products and beverage manufacturers. Many leading fish protein producers are eyeing to invest in the country by developing production facilities or through mergers and acquisition. This will not only help the foreign companies to expand their global operation and to capture initial market share but will also help the economy of the country by providing more employment to the locals and exporting various products to the neighboring African countries.
Key Deliverables
South African fish protein market currently holds the market revenue of $0.07 million in 2018. Young population in South Africa are regularly indulging in fitness and gym sessions. This trend has led to growing demand of protein-based supplement products. The application of fish protein across dietary supplements industry shares around 35% of total fish protein market. It is one of the fastest growing segments and is estimated to grow at a CAGR of 6% during forecast period. Moreover, the concern about the obesity is rising rapidly in the country. Hence, population are becoming more and more aware about the benefits of consuming protein in order to maintain body weight. The application of fish protein across food industry which captures the market share of 22% is estimated to grow at a CAGR of 5.5%. The demand of meat substitute products and dairy alternative products are attractive segments for the application of fish protein.
In Africa region, there are not many players in the fish protein industry. Most of the fish protein and its derivative products in the country is imported by the food, supplement products and beverage manufacturers. Many leading fish protein producers are eyeing to invest in the country by developing production facilities or through mergers and acquisition. This will not only help the foreign companies to expand their global operation and to capture initial market share but will also help the economy of the country by providing more employment to the locals and exporting various products to the neighboring African countries.
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
