Brazil is one of the leading economies in the South America region. In past few years, rapid industrialization, infrastructure development and efforts from Government to boost manufacturing and service sector are some of the major drivers for the rapid growth of the country. The protein industry in Brazil is growing at a rapid pace. Whey protein, soy protein and wheat protein are leading markets of protein in the country. Dietary supplements and food industry shares highest share compared to other industries. Fish protein market of Brazil captures shares around 66% of total fish protein market of South America. Rising disposable income of middle class, high demand of nutritional products and surging population concerned about the health are some of the major driving factors for fish protein market in Brazil.
Dietary supplements industry shares highest market share of fish protein, the revenue of which is estimated to cross $0.11 million by 2023, growing at a fastest CAGR of 7% during the period of forecast 2018 to 2023. Growing Brazilians are highly interested to attain gym and fitness studios with an aim to grow strong muscles and attractive body. Along with this, the industry of sports nutrition has seen significant growth with high demand of protein bars and protein drinks among the body builders and sports persons. Fish protein being high source of protein and essential mineral and vitamins that aids to reduce weight and maintain balanced diet has becoming attractive source of protein among consumers as well.
The industry of food in Brazil has changed dynamically since past few years. The demand of protein ingredients across various food products is growing at a rapid rate. Hence, fish protein manufactures are expanding their product range by heavily investing in research to develop customized solution for the players involved in food industry. Meat analogues & extenders, dairy alternative and processed sea food are major industries for the application of fish protein. With rising awareness about the fish protein, it is also being used in bakery, confectionery and snacks industries. The trend of consuming ready-to-drink is growing rapidly because the population residing in the mega cities does not find enough time to prepare homemade healthy drinks. Thus the opportunity to widen the application of fish protein is very high in readymade product categories.
In Brazil due to relatively low market size of fish protein when compared to global market, the number of fish protein manufacturers are very low. However, with the penetration of social media and increasing globalization, the awareness about the health benefits of fish protein is ever growing. Hence, in coming years, growing number of existing animal protein manufacturers are expected to enter into the fish protein market. These would lead to growing competition in the industry in coming decade.
Key Deliverables
Dietary supplements industry shares highest market share of fish protein, the revenue of which is estimated to cross $0.11 million by 2023, growing at a fastest CAGR of 7% during the period of forecast 2018 to 2023. Growing Brazilians are highly interested to attain gym and fitness studios with an aim to grow strong muscles and attractive body. Along with this, the industry of sports nutrition has seen significant growth with high demand of protein bars and protein drinks among the body builders and sports persons. Fish protein being high source of protein and essential mineral and vitamins that aids to reduce weight and maintain balanced diet has becoming attractive source of protein among consumers as well.
The industry of food in Brazil has changed dynamically since past few years. The demand of protein ingredients across various food products is growing at a rapid rate. Hence, fish protein manufactures are expanding their product range by heavily investing in research to develop customized solution for the players involved in food industry. Meat analogues & extenders, dairy alternative and processed sea food are major industries for the application of fish protein. With rising awareness about the fish protein, it is also being used in bakery, confectionery and snacks industries. The trend of consuming ready-to-drink is growing rapidly because the population residing in the mega cities does not find enough time to prepare homemade healthy drinks. Thus the opportunity to widen the application of fish protein is very high in readymade product categories.
In Brazil due to relatively low market size of fish protein when compared to global market, the number of fish protein manufacturers are very low. However, with the penetration of social media and increasing globalization, the awareness about the health benefits of fish protein is ever growing. Hence, in coming years, growing number of existing animal protein manufacturers are expected to enter into the fish protein market. These would lead to growing competition in the industry in coming decade.
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
