Fish Nutrition: Market Outlook
The global fish nutrition market is gaining profound acceptance largely owing to its wide range of fish derivatives and nutritional benefits. No single food alone can keep a person healthy and therefore, consumers adopt to good eating habits by including variety of food products in their diet. The nutrients found in fish are so essential that many national governments and authorities across the world recommend having fish or fish supplements in their diets.
Compared to its counterpart such as the meat and poultry, fish is higher in protein content as well as lower in calories, making it a good juice for loosing or maintain weight. Apart from its high quality protein content, fish derivatives are low in fat and contain a special omega-3 fatty acid used for preventing heart diseases. The fish nutrition market largely relies on the vitamins and minerals present in the seafood.
Fish nutrition is largely associated with the animal feed and aquaculture industry owing to a dominant share of fish meal in the market. Application of fish nutrition in various sectors guarantees a steady growth trajectory for the global fish nutrition market.
Health Benefits and Product Offerings of Fish Derivatives to Drive the Growth of Global Fish Nutrition Market
The benefits of fish derivatives such as convenience, affordability, and high nutrition value is likely to accelerate the growth of global fish nutrition market. Formulations of fish derivatives to cater to the rising trend of ready-to-eat meals is expected to anticipate the growth of fish nutrition market over the forecast period. For instance, frozen minced fish has a shelf life of at least 6 months and it can be fortified with additives, moulded into different shapes, and flavoured easily, thereby offering suitable conditions for creating fish sausage, cutlets, cakes, patties, pastes, and other texturized products. Fish nutrition products are consumed for strength development, improving eyesight, and for maintaining hormonal balance in the body. Fish amino acids are used as an important ingredient in plant/crop nutrition whereas fish meals are widely used in animal feed and aquaculture. Incorporation of fish oil, fish collagen, fish gelatin, fish insulin, and fish squalene in pharmaceuticals and dietary supplements has, therefore, made fish derivatives an essential element in healthcare products. Thus, owing to numerous health benefits and product offerings, the global fish nutrition market offers a tremendous scope to market players.
Global Fish Nutrition: Key Players
Some of the key players manufacturing fish nutrition are as follows –
- Empresas Copec S.A.
- Omega Protein Corporation
- A. Costantino & C. S.P.A
- Scanbio Marine Group A
- Bio-marine Ingredients Ireland Ltd.
- Titan Biotech Limited
- Colpex International S.A.C
- Alaska Protein Recovery LLC
- Marine Protein Marprot S.A.
- Biomega AS.
Opportunities for Global Fish Nutrition Market Participants:
South Asia and East Asia are expected to dominate the global fish nutrition market over the forecast period. Asia accounts for a sizable percentage of pharmaceutical production as well as production of animal feed. The manufacturers associated with fish nutrition and products should consider operating their businesses in emerging markets by setting up production footprints in Asia and Oceania regions. Key market players from the North American and European regions are focusing on product launches and carrying out research and development to improve product quality and product offerings. Such factors promotes competitiveness and makes it difficult for new players to establish themselves in the market. But as the fish nutrition market is highly fragmented, new or emerging players can hold their ground by adopting strategies such as partnerships, collaborations, or mergers.
The COVID-19 pandemic is expected to have a major impact on the global fish nutrition market. Firstly, the false news regarding fish being the origin source of corona virus reduced the consumption of fish and other meat products as well. Secondly, factors such as strict sanitary measures, transportation problems, and border restrictions were making it difficult to deliver fish and fish products in the market. A major portion of the world population relies on proteins and essential micronutrients from the fish and hence organizations such as the FAO proposes measures to protect production and income of the global fish nutrition market.
The fish nutrition market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the fish nutrition market, including but not limited to: regional markets, nature, premix type, product type, and nature
The Report Covers Exhaustive Analysis on:
- Fish nutrition market segment
- Fish nutrition market dynamics
- Fish nutrition market size
- Fish nutrition supply and demand
- Current trends/issues/challenges pertaining to fish nutrition market
- Competition landscape and emerging market participants in fish nutrition market
- Technology related to production/processing of fish nutrition
- Value chain analysis of the fish nutrition market
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, U.K., France, Italy, Spain, BENELUX, Poland, Russia, Nordic, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
The fish nutrition market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the fish nutrition market report projects the attractiveness of each major segment over the forecast period.
Global Fish Nutrition: Market Segmentation
Based on Product Type, fish nutrition can be segmented as:-
- Fish Oil
- Fish Collagen
- Fish Gelatin
- Fish Protein Powder
- Fish Protein Isolates
- Fish Protein Concentrates
- Minced Fish
- Canned Fish
- Fish Amino Acids
- Fish Meal
- Fish Paste
- Others (Fish Insulin, Fish Squalene)
Based on Application, fish nutrition can be segmented as:-
- Animal Feed
- Dietary Supplements
- Skin Care
Highlights of the Fish Nutrition Market Report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the fish nutrition market
- Recommendations to companies for strengthening their foothold in the fish nutrition market
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.