A recent market study published by Future Market Insights on the Fish Protein Concentrate Market offers global industry analysis for 2016-2020 & opportunity assessment for 2021–2031s. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Fish Protein Concentrate Market, the growth prospects of the market are obtained with maximum precision.
The global fish protein isolate market size is expected to reach US$ 1.1 Bn by 2030. According to a recent study by Future Market Insights (FMI), the market will surge at 7.3% CAGR between 2020 and 2030. According to the report, increasing health awareness and growing preference for processed food/diet with low fat, sugar, and salt content among consumers are factors expected to encourage companies in the food sector to review current marketing practices and adopt new techniques to increase their revenue share in the market.
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Factors such as changing lifestyles and eating habits are expected to fuel the demand for convenience and processed foods. Improving living standards especially in emerging economies, is fuelling the demand for fish protein isolate in the form of capsules or protein bars. Consumption of supplements that contain fish protein isolate is becoming quite popular in Europe and is significantly high among consumers in countries such as the U.S. and Canada.
Globally, the number of COVID-19 patients are increasing rapidly. As the pandemic crosses one grim milestone after another and in the absence of proper treatment or vaccinations consumers are likely to look for immune-boosting options. They demand for products with higher nutritive value and health benefits will rise, creating an environment conducive to the growth of the fish protein isolate market.
Fish protein concentrate market by category
By Type
- Type A
- Type B
- Type C
By Form
- Powder
- Liquid
By End-Use
- Food & Beverages
- Sports Nutrition & Dietary Supplement
- Cosmetic & Personal Care
- Pharmaceuticals
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- The Middle East and Africa (MEA)
- Oceania
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Key Questions Answered in the Fish Protein Concentrate Market Report
Q1. Which is the most lucrative market for Fish Protein Concentrate?
The U.S. currently leads the global market for fish protein concentrate market. Sales in the U.S. will be over 40% of total market share throughout the forecast period in North America.
Q2. Which type of fish protein concentrate is in high demand?
Type A has been witnessing higher demand than other types of fish protein concentrate. This is because Type A concentrates have the highest protein content that is up to 80% per cent compared to Type B which has 65%. Type A is a virtually odorless and tasteless powder having a maximum total fat content of 0·75 per cent.
Q3. Which technology is fish protein concentrate manufacturers using?
The technology used to today by manufacturers of fish protein concentrates is primarily based on the use of chemical solvents to extract fat, water and fish tasting components, from fish meal or raw fish. Alcohols are the solvents that are most successfully used to make FPC type A.
Q4. Which are some of the leading companies offering fish protein concentrate?
Some of the leading companies offering fish protein concentrate are Omega Protein, Colpex International Inc., Bio-Oregon Protein, Bevenovo Co. Ltd, Janatha Fish New Alliance Dye Chem Pvt. Ltd., Mukka Seafood Industries Limited, Meal & Oil Products, Shenzhen Taier Biotechnology Co. Ltd., Scanbio Marine Group, Peterlabs Holdings, Siam Industries International, Apelsa Guadalajara, and others.
Q5. Which end user is driving sales of fish protein concentrates?
Fish protein concentrate application is increasing in the pharmaceutical industry. However, the food and beverages industry will continue accounting for maximum sales of fish protein concentrates.