Australia is one of the most developed countries in the Pacific region. The market of protein in Australia has similar drivers, restraints and opportunities to that of the markets in North American and European countries. The fish protein industry in Australia is mainly dependent on dietary supplements and food industry. The country currently shares around 15% of total Asia-Pacific fish protein market. With rising demand of protein in the country, fish protein market revenue is estimated to capture the value of $0.17 million by 2023, registering at a fastest CAGR of 6.2% during the period of forecast 2018 to 2023.
Australian are highly committed with their fitness routines hence they regularly attend fitness and gym session. Thus, the demand of products such as protein bars, protein shakes, smoothies and other products among such consumers is very high. The established dietary supplements market is a major base for the application of fish protein market revenue. Moreover, the population residing in major cities have busy schedule and hectic lifestyle. They are also more conscious about their health but do not find much time to prepare healthy homemade food. Such issue has resulted in growing demand of ready-to-eat food products containing healthy and natural ingredients such as protein. This ongoing trend among the Australian provides fish protein manufacturers a huge opportunity base to expand the application of fish protein and to compete with the whey, soy and wheat protein manufacturers.
Along with ready-to-eat food products, the demand of ready-to-drink products is also growing. Fish protein isolate and fish protein concentrate contains high among of protein and can also be produced in liquid form. These both protein types can be used as an application in various beverage products ranging from flavored water to shakes and smoothies. Other applications of fish protein includes animal feed, cosmetics and personal care industry. Australia, though shares considerable fish protein market in the Asia-Pacific region, but there is no global player in the country. However, with growing demand of fish protein along with increasing collaboration of companies with the research institutes and universities, the number of fish protein manufacturers in the country is expected to rise.
Key Deliverables
Australian are highly committed with their fitness routines hence they regularly attend fitness and gym session. Thus, the demand of products such as protein bars, protein shakes, smoothies and other products among such consumers is very high. The established dietary supplements market is a major base for the application of fish protein market revenue. Moreover, the population residing in major cities have busy schedule and hectic lifestyle. They are also more conscious about their health but do not find much time to prepare healthy homemade food. Such issue has resulted in growing demand of ready-to-eat food products containing healthy and natural ingredients such as protein. This ongoing trend among the Australian provides fish protein manufacturers a huge opportunity base to expand the application of fish protein and to compete with the whey, soy and wheat protein manufacturers.
Along with ready-to-eat food products, the demand of ready-to-drink products is also growing. Fish protein isolate and fish protein concentrate contains high among of protein and can also be produced in liquid form. These both protein types can be used as an application in various beverage products ranging from flavored water to shakes and smoothies. Other applications of fish protein includes animal feed, cosmetics and personal care industry. Australia, though shares considerable fish protein market in the Asia-Pacific region, but there is no global player in the country. However, with growing demand of fish protein along with increasing collaboration of companies with the research institutes and universities, the number of fish protein manufacturers in the country is expected to rise.
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
