Fish protein is a rich food additive, which is a colorless and tasteless powder obtained from whole fish. Three types of fish proteins are available in the market, which include fish protein concentrate, fish protein hydrolysate, and fish protein isolate. Yellowtail amberjack, Tuna, Anchovy, Coho Salmon, Trout, Snapper, Tilapia, Bluefish, Pollock, Grouper, Sardines, Mackerel, Cod, Haddock, Flounder, Perch, and Halibut are various types of fishes from which fish protein is extracted. Fish protein majorly finds its application in animal feed, pharmaceuticals, and cosmetics. The adoption of fish protein has been witnessed to be considerably high in developed countries such as the U.S., Canada, and Germany, while emerging countries such as China, Brazil, and India are catching up quickly.
The global fish protein market has witnessed significant growth over the years and is expected to grow at a steady pace during the forecasted period. This is attributed to rise in use of fish protein for livestock animals and an the increase in the adoption of fish protein in pharmaceutical industries. In addition, increase in prevalence of diseases among poultry farms fuels the adoption of fish meal in the emerging countries such as China and India. This is attributed to the fact that fish meal contain s72% fish protein and helps to increase the resistance power of poultry birds against various diseases, which helps to increase their life span, thereby boosts the market growth. However, high cost of fish protein coupled with issues regarding storage and high transportation cost limit the growth of the global market. In addition, rise in hesitance among consumers to purchase sea food and aqua products due to alarming increase in water pollution restricts the growth of the global market. Conversely, surge in demand for trendy cosmetics such as nutricosmetics, which contain fish protein and rise in popularity of fish protein among youth are anticipated to provide lucrative growth opportunities for the fish protein market.
The global fish protein market is segmented into type, application, and region. On the basis of type, the market is segregated into fish protein concentrate (FPC), fish protein hydrolysate (FPH), and fish protein isolate (FPI). By application, it is fragmented into animal feed, pharmaceuticals, and cosmetic. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the report include Aroma NZ, Bevenovo Co., Limited, BioOregon Protein, Mukka Seafood Industries, New Alliance Dye Chem Pvt. Ltd, Nutrifish, Qingdao Future Group, Scanbio Marine Group, and Taian Health Chemical Co., Ltd.
The other players operating in the global fish protein market are AACL Bioflux, Colpex International, Janatha Fish Meal & Oil Products, Omega Protein, Peterlabs Holdings, Shenzhen Taier, and Siam Industries International.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTATION
By Type
By Application
By Region
The global fish protein market has witnessed significant growth over the years and is expected to grow at a steady pace during the forecasted period. This is attributed to rise in use of fish protein for livestock animals and an the increase in the adoption of fish protein in pharmaceutical industries. In addition, increase in prevalence of diseases among poultry farms fuels the adoption of fish meal in the emerging countries such as China and India. This is attributed to the fact that fish meal contain s72% fish protein and helps to increase the resistance power of poultry birds against various diseases, which helps to increase their life span, thereby boosts the market growth. However, high cost of fish protein coupled with issues regarding storage and high transportation cost limit the growth of the global market. In addition, rise in hesitance among consumers to purchase sea food and aqua products due to alarming increase in water pollution restricts the growth of the global market. Conversely, surge in demand for trendy cosmetics such as nutricosmetics, which contain fish protein and rise in popularity of fish protein among youth are anticipated to provide lucrative growth opportunities for the fish protein market.
The global fish protein market is segmented into type, application, and region. On the basis of type, the market is segregated into fish protein concentrate (FPC), fish protein hydrolysate (FPH), and fish protein isolate (FPI). By application, it is fragmented into animal feed, pharmaceuticals, and cosmetic. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the report include Aroma NZ, Bevenovo Co., Limited, BioOregon Protein, Mukka Seafood Industries, New Alliance Dye Chem Pvt. Ltd, Nutrifish, Qingdao Future Group, Scanbio Marine Group, and Taian Health Chemical Co., Ltd.
The other players operating in the global fish protein market are AACL Bioflux, Colpex International, Janatha Fish Meal & Oil Products, Omega Protein, Peterlabs Holdings, Shenzhen Taier, and Siam Industries International.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides a quantitative analysis of the current fish protein market trends, estimations, and dynamics of the market size from 2019 to 2026 to identify the prevailing opportunities.
- Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis and the fish protein market size and segmentation assists to determine the prevailing opportunities.
- The major countries in each region are mapped according to their revenue contribution to the global fish protein market.
- The market player positioning facilitates benchmarking and provides a clear understanding of the present position of the players in the industry.
KEY MARKET SEGMENTATION
By Type
- Fish Protein Concentrate (FPC)
- Fish Protein Hydrolysate (FPH)
- Fish Protein Isolate (FPI)
By Application
- Animal Feed
- Pharmaceuticals
- Cosmetics
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Spain
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Fish Protein Mark By Type
Chapter 5: Fish Protein Mark By Application
Chapter 6: Fish Protein Market, By Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles
Executive Summary
According to the report, titled, 'Fish Protein Market by Type and Application: Opportunity Analysis and Industry Forecast, 2019-2026,' the fish protein market size was valued at $3.08 billion in 2018, and is estimated to reach $4.20 billion by 2026, registering a CAGR of 4.0% from 2019 to 2026. In 2018, the fish protein concentrate (FPC) segment accounted for more than half of the share, and is expected to grow at a CAGR of 3.30% throughout the forecast period. North America is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2018.Fish protein serves as a rich food additive, which extracted from whole fish. Three types of fish protein extracts are available in the market, which include fish protein concentrate (FPC), fish protein hydrolysate (FPH), and fish protein isolate (FPI). Fish protein is extracted through particular fish species such as Yellowtail amberjack, Tuna, Anchovy, Coho Salmon, Trout, Snapper, Tilapia, Bluefish, Pollock, Grouper, Sardines, Mackerel, Cod, Haddock, Flounder, Perch, and Halibut. The consumption of fish protein is witnessed to be higher in the animal feed industry, and followed by pharmaceutical and cosmetic industries.
The growth of the global fish protein is majorly driven by factors such as upsurge in demand for fish meal in the livestock industry, owing to rise in awareness about toxic effects of chemical-based animal feed products. Moreover, alarming increase in prevalence of obesity and rise in fascination among youth to gain muscle mass propel the demand for fish protein. In addition, surge in incidence of poultry diseases boosts the demand for fish protein. This is attributed to the fact that fish meal contains 72% fish protein and helps to increase the resistance power of poultry birds against various diseases, which helps to increase their life span, which, in turn, propels the growth of the global fish protein market. However, increase in preference of proteins extracted from alternate sources such as plant-based proteins, due to the high cost of fish protein, rise in concerns pertaining to storage, and high transportation cost restrain the fish protein market growth. On the contrary, upsurge in demand for trendy cosmetics such as nutricosmetics, which contain fish protein and an increase in popularity of fish protein among youth are anticipated to provide lucrative opportunities for market expansion during the forecast period.
The report segments the global fish protein market into type, application, and region. On the basis of type, the market is divided into fish protein concentrate (FPC), fish protein hydrolysate (FPH), and fish protein isolate (FPI). The applications covered in the study include animal feed, pharmaceutical, and cosmetics. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
According to the fish protein market analysis in 2018, the fish protein concentrate segment generated the highest revenue, and is expected to remain dominant throughout the forecast period. This is attributed to the increase in the adoption of fish meal in the poultry industry. However, the fish protein hydrolysate (FPH) segment is expected to grow at the highest CAGR throughout the forecast period, due to the increase in the adoption of fish protein hydrolysate (FPH) in pharmaceutical and cosmetic industries.
In 2018, animal feed was the most prominent segment, accounting for maximum share in the global market, owing to the positive impact of fish protein on livestock. However, the cosmetic segment is expected to witness the highest growth, due to increase in use of nutricosmetics, which consist collagen that aids in reducing wrinkles and helps in skin tightening.
On the basis of fish protein market forecast, the U.S. accounted for the maximum share in the global market in 2018, and is expected to continue this trend during the forecast period. This is attributed to higher expenditure of consumers on animal feed and dietary supplements due to their nutritional benefits.
However, China is expected to grow with the highest CAGR throughout the forecast period, owing to development of the livestock industry.
Key Findings of the Study
By type, the fish protein hydrolysate (FPH) segment is expected to witness the fastest growth, registering a CAGR of 4.90% during the forecast period.
In 2018, depending on application, the animal feed segment held the highest share, accounting for more than half of the global market share.
China was the most prominent market in the Asia-Pacific region in 2018, and is expected to grow at a significant CAGR throughout the forecast period.
North America was the dominant region in 2018, accounting for more the one-third of the global fish protein market share.
The key players profiled in global fish protein industry include Apelsa Guadalajara, Aroma NZ, Bevenovo Co., Limited, BioOregon Protein, Mukka Seafood Industries, New Alliance Dye Chem Pvt. Ltd, Nutrifish, Qingdao Future Group, Scanbio Marine Group, and Taian Health Chemical Co., Ltd.
Companies Mentioned
- Apelsa Guadalajara
- Aroma NZ
- Bevenovo Co.
- Limited
- BioOregon Protein
- Mukka Seafood Industries
- New Alliance Dye Chem Pvt. Ltd
- Nutrifish
- Qingdao Future Group
- Scanbio Marine Group
- Taian Health Chemical Co. Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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