Fish Powder Market Value to Surpass US$ 10.6 Bn in 2029
Fish powder has become a preferred ingredient in convenience and processed foods, following increasing research and development initiatives. This has translated into rising demand for fish protein powder in various end-use products. Exhibiting a moderate CAGR of ~6% yearly growth in revenues, the global fish powder market will surpass US$ 10.6 Bn mark in 2029. This FMI study reveals that the market will grow at a steady pace during 2019 - 2029.
FREQUENTLY ASKED QUESTIONS ABOUT Fish Protein Powder Market
What is future prospect for the Fish Protein Powder segment?
The global fish protein powder market is expected to grow at a rapid pace in Asia Pacific and MEA owing to the increasing consumption of sea food and its products in China, India, and other countries.
Which end user segment witnesses most lucrative growth opportunities?
Fish powder market earns major share of revenue from animal feed segment as the maximum share of fish powder is used as feed in aquaculture.
What factors are aiding growth in the fish powder market?
Globally fish protein powder is still at an introductory phase, therefore, more promotions and advertisement are required to spread awareness about its health benefits. The fish meal powder is widely used in animal feed. The growing market of aquaculture and increasing need for food and protein is aiding the fish meal powder market growth.
Which region will lead the global sales of fish powder market?
Europe remains the largest shareholder in the global fish powder market. EU-4 has emerged as a dominant region in the fish powder market in terms of consumption. However, North America is expected to show higher growth.
Fish Meal Powder Holds Dominance with 96% Share
Driven by changing lifestyle and rapid urbanization, fish meal powder is expected to hold about 96% of the market revenue. It is a high quality and easily digestible source of food for pets, especially dogs. Fishmeal produced from oily fish is a source of omega-3 and omega-6 oils and other essential micronutrients. Therefore the rising demand for fishmeal as a healthy pet food is expected to bode well for the fish powder market. The most common sources of fishmeal for pets are whitefish and menhaden fishmeal.
Opportunities Abound in E4 as Consumption of Protein Enriched Foods Rises
Europe is expected to account for highest share in the global fish powder market by 2029. The ever-rising consumption of protein enriched food products will increase the demand for fish powder in the region. EU-4 has been a dominant region in the fish powder market in terms of consumption. Protein rich food products have become a part of daily diet for fitness enthusiasts in Europe. This is helping the fish powder market grow significantly.
Adoption of Advanced Processing Technologies Picks Pace
Keeping the quality of fish powder up to the mark is a key challenge faced by manufacturers. In order to prevent fish powder contamination and to improve the shelf-life of fish powder, manufacturers rely on spray drying technique in the final stage of processing. But with time, manufacturers are also looking for updated technologies for product manufacturing. Hence, microencapsulation technology is now used to incorporate fish powder into food and stabilize fish protein enriched foods product.
Fish Meal Powder holds leading revenue share
Fish Protein Powder to showcase noteworthy CAGR
Food & Beverages to see high demand
Demand for animal feed is on rise
B2B to remain top in distribution channel
B2C is expected to show a higher CAGR
How Growth will Unfold
The fish powder market is already witnessing high demand among animal feed manufacturers. The introduction of fish protein powder which is intended for human consumption is rising, in turn creating growth opportunities in the food and beverages segment. This offers potential for optimizing production of fish byproduct powders and testing both the nutrition composition and the acceptability of these powders. To ensure acceptance, it is important that powders appeal to dietary preferences and flavors appreciated by the local populations. In 2012, an FAO School Feeding Program in Ghana incorporated different fish powders into local school lunches. The powders were made from locally available raw materials; tuna frames, flying gurnard, woevi, and anchovies. An evaluation of the color, aroma, texture, and taste of the lunches was conducted.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Fish Powder Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by Future Market Insights on the Fish Powder market offers global industry analysis for 2014-2018 & opportunity assessment for 2019-2029. 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, the growth prospects of the market are obtained with maximum precision.
Fish Powder Market Taxonomy
The global fish powder market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Product Type
- Fish Meal Powder
- Fish Protein Powder
End User
- Food & Beverages
- Sports Nutrition & Dietary Supplements
- Cosmetics & Personal Care
- Pharmaceuticals
- Animal Feed
- Aqua Feed
- Poultry
- Swine
- Fertilizers
Distribution Channel
- B2B
- B2C
- Store based retailing
- Online Retailing
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
What's Included
The executive summary of the fish powder market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global fish powder market.
Readers can find the detailed segmentation and definition of the fish powder market in this chapter, which will help them understand basic information about the fish powder market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the fish powder market report.
The associated industry assessment of the fish powder market is carried out in this section. The macroeconomic factors affecting growth of the fish powder market are provided in this section and the impact of these macroeconomic indicators on the fish powder market is analyzed. The processing overview and technological advancements in the fish powder market is also provided.
Profit margins at each level of the fish powder market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
The drivers and restraints impacting the growth of the fish powder market are explained in this chapter. Opportunities and ongoing trends in the fish powder market are also comprehensively discussed.
This chapter includes detailed analysis of the historical fish powder market (2014-2018), along with an opportunity analysis for the forecast period (2019-2029). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2019-2029). This chapter provides details about the fish powder market on the basis of product type, end user, and distribution channel. In this chapter, readers can understand market attractive analysis for all segments. This chapter explains how the fish powder market is anticipated to grow across North America, Latin America, Europe, East Asia, South Asia, Oceania and the Middle East and Africa.
This chapter includes a detailed analysis of the growth of the fish powder market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on application and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the fish powder market in the Latin America region. This chapter also includes growth prospects of the fish powder market in leading LATAM countries such as Brazil, Mexico, Peru, Argentina, and the Rest of Latin America.
Important growth prospects of the fish powder market based on its end user in several countries such as EU-4, U.K., BENELUX, NORDIC, Russia, Poland and Rest of Western Europe are included in this chapter.
This chapter includes a detailed analysis of the growth of the fish powder market in East Asia region including the important growth prospects of the fish powder in several countries such as China, Japan, South Korea, and Rest of East Asia are included in this chapter.
This chapter includes a detailed analysis of the growth of the fish powder market in the South Asia region, along with a country-wise assessment that includes, India, Thailand, Malaysia, Singapore, and Rest of South Asia. Readers can also find regional trends, regulations, and market growth of countries in the South Asia region.
This chapter offers insights into how the fish powder market is expected to grow in Australia and New Zealand, along with different segments of the market during the forecast period of 2019-2029.
This chapter offers insights into how the fish powder market is expected to grow in major countries in the MEA region such as GCC Countries, Turkey, North Africa, South Africa, and the Rest of MEA, during the forecast period 2019-2029.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the fish powder market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the fish powder market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Omega Protein Corporation, Bio-marine Ingredients Ireland Ltd., Scanbio Marine Group AS, Bio-Oregon Protein, Inc., TripleNine Group A/S, Sopropeche S.A., Alaska Protein Recovery LLC., Titan Biotech Limited, A Costantino & C. S.P.A., Oceana Group Limited S.A., Empresas Copec S.A., Ff Skagen A/S., Biomega AS., Sardina D.O.O., Pesquera Diamante S.A., Austevoll Seafood ASA., Colpex International S.A.C., Symrise AG, among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the fish powder report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the fish powder market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Distributors
- Traders
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
Secondary Research
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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