Global Fish Protein Isolate Market Is Expected to Surge at 8.1% CAGR Driven by Diverse Applications in Fitness Industry, Future Market Insights
The global fish protein isolate market size is expected to reach US$ 1.0 Bn by 2030. According to a recent study by Future Market Insights (FMI), the market will surge at 8.1% 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.
Fish Protein Isolate Market
A recent market study published by FMI “Fish Protein Isolate Market: Global Industry...
This report includes in-depth insights into the fish protein isolate market. Some of these are:
- The estimated value of the market is at US$ 468.2 Mn in 2020
- Various companies are increasingly entering the fish protein isolate market in Asia Pacific in order to capitalize on the prevailing opportunities in the region
- Rising consumption of seafood has contributed to the growth of the fish protein isolate market
- Additionally, companies are focusing on marketing their fish protein isolate products with clean label certification to attract customers and retain the existing ones.
“The nutritional profile of fish protein isolate is makes it highly desirable for application in various products. Manufacturers are focusing on implementing advance technology in packaging due to which the shelf life of fish protein isolate is improving. Furthermore, they are successfully launching unique products using fish protein isolate, which will create growth opportunities for the market” says an FMI analyst.
Despite Focus on Healthy Eating Habits, Change in Consumption Pattern Due to COVID-19 Outbreak will Impact Growth
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.
Who is winning?
Few of the leading players operating in the fish protein isolate market are Omega Protein Corporation, Titan Biotech Limited, Peterlabs Holdings Barhad, A. Costantino & C. s.p.a, Sopropeche S.A., Mukka Sea Food Industries Private Limited, Bio-Oregon Protein, Inc., FF Skagen AS, Diana Aqua, TripleNine Group A/S and other players.
These companies are focusing on mergers and acquisition to expand their business footprints and to increase their production capacity. Leading players are investing in research and development to produce innovative products using fish protein isolate.
Get Valuable Insights into Fish Protein Isolate Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global fish protein isolate market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the fish protein isolate market-based form (powder and liquid), end-user industry food and beverage, pharmaceuticals, cosmetic and personal care, sports and dietary supplements and others) across seven major regions.
About Food Market Division at FMI
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
- Gcc Functional Food Market
- Global Natural Food Colours Market
- Global Stevia Market
- Global Artificial Sweeteners Market
- Global Food Preservatives Market
- Global Fruit Concentrates Puree Market
- Global Forage Seed Market
- Indian Alcohol Market
- Dietary Supplements Market
- Food Additives Market
- Nutritional Yeast Market
- Fish Feed Market
- Clean Label Pectin Market
- Food Encapsulation Market
- Agar Market