Israel’s economy is very strong because of massive industrialization and infrastructure development over these years. The protein industry in the country is growing at a rapid pace. Fish protein industry of Israel presently captures around 5% of market share in the Asia-Pacific region. In terms of market revenue, fish protein currently holds the market revenue of $0.04 million in 2018.
Major drivers of rapidly growing fish protein industry in the country is rising population interested in physical and sports activities, increasing awareness about the health advantages of protein consumption for weight management and surging cases of lactose intolerance and gluten sensitiveness. Youngsters and middle-aged population in Israel are interested in attending gym and fitness studios which has led to ever rising demand of supplement products. Considering this as a major driver in terms of application of fish protein, dietary supplements industry is estimated to capture the fish protein market revenue of $0.024 million by 2023, registering a CAGR Of 7.5% during the forecast period 2018 to 2023.
The consciousness about the health has been ever growing in Israel which has led to growing demand of meat substitute products. Since consumers who are giving up meat demands similar taste, appearance and flavor of meat in meat substitute products, the application of fish protein ingredients in such products is found to be viable option. Moreover, the industry of dairy alternative is booming because of rising population who are sensitive towards lactose. Fish protein being among the lactose free protein types, it can be used as an application in diary alternative products. Other potential applications of fish protein across food industry includes processed seafood, bakery, confectionery and snacks.
Key Deliverables
Major drivers of rapidly growing fish protein industry in the country is rising population interested in physical and sports activities, increasing awareness about the health advantages of protein consumption for weight management and surging cases of lactose intolerance and gluten sensitiveness. Youngsters and middle-aged population in Israel are interested in attending gym and fitness studios which has led to ever rising demand of supplement products. Considering this as a major driver in terms of application of fish protein, dietary supplements industry is estimated to capture the fish protein market revenue of $0.024 million by 2023, registering a CAGR Of 7.5% during the forecast period 2018 to 2023.
The consciousness about the health has been ever growing in Israel which has led to growing demand of meat substitute products. Since consumers who are giving up meat demands similar taste, appearance and flavor of meat in meat substitute products, the application of fish protein ingredients in such products is found to be viable option. Moreover, the industry of dairy alternative is booming because of rising population who are sensitive towards lactose. Fish protein being among the lactose free protein types, it can be used as an application in diary alternative products. Other potential applications of fish protein across food industry includes processed seafood, bakery, confectionery and snacks.
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
