Among all the countries in the Asia-Pacific, Japan is one of the most developed countries in the region. Japan is known for its state-of-the-art manufacturing techniques and quality in processing the food products. Companies in Japan strictly follow the regulation and guidelines provided by concerned Government department which not only helps the consumers to place unconditional trust but also allows the companies to drive smooth operation across the supply chain. Consumer in Japan are highly conscious about their health hence the protein industry is booming since many years. Fish protein industry of Japan currently accounts highest market share of 23% of Asia-Pacific market. Fish protein is relatively new industry in the country but the pace at which the innovation is taking place in order to explore various applications of fish protein, the industry in Japan is estimated to capture the market revenue of $0.27 million by 2023, registering a CAGR of 6.4% during the forecast period.
The dietary supplement industry is one of the fastest growing industries in Japan. Most of the industry’s growth is coming from sports nutrition market. The demand of sports nutrition products such as smoothies, protein bars, protein drinks and other products containing clean and high amount of protein is growing among the sports person and body builders due to high recommendation. Moreover, normal population are becoming aware about the health benefits of protein in order to reduce the weight and to lead healthy lifestyle. Both of these factors are major drivers for the growth of fish protein application across supplements industry, the market revenue of which is projected to grow at a fastest CAGR of 6.7% during the forecasting period 2018 to 2023.
Because of growing awareness about the health disadvantages of consuming meat and its derivative products, the demand of meat alternative products is growing at a rapid pace in the country. This along with the rising market of dairy alternatives could present opportunity to expand the application of fish protein ingredients. Other minor application of fish protein across food industry includes the segments such as bakery, confectionery, snacks and infant formulas. Even though Japan possess highly developed protein processing industry, but there are not yet any global players. Nevertheless, the number of small and medium sized companies processing fish protein is expected to be increase and that the competition among them will further intensify.
Key Deliverables
The dietary supplement industry is one of the fastest growing industries in Japan. Most of the industry’s growth is coming from sports nutrition market. The demand of sports nutrition products such as smoothies, protein bars, protein drinks and other products containing clean and high amount of protein is growing among the sports person and body builders due to high recommendation. Moreover, normal population are becoming aware about the health benefits of protein in order to reduce the weight and to lead healthy lifestyle. Both of these factors are major drivers for the growth of fish protein application across supplements industry, the market revenue of which is projected to grow at a fastest CAGR of 6.7% during the forecasting period 2018 to 2023.
Because of growing awareness about the health disadvantages of consuming meat and its derivative products, the demand of meat alternative products is growing at a rapid pace in the country. This along with the rising market of dairy alternatives could present opportunity to expand the application of fish protein ingredients. Other minor application of fish protein across food industry includes the segments such as bakery, confectionery, snacks and infant formulas. Even though Japan possess highly developed protein processing industry, but there are not yet any global players. Nevertheless, the number of small and medium sized companies processing fish protein is expected to be increase and that the competition among them will further intensify.
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