Fish Protein Concentrate: The Future Super Ingredient?

Manufacturers to Capitalize on Demand for Fish Resources on a Global Scale

  • 2019-07-12
  • REP-GB-8037
  • 86 Tables
  • 146 Figures
  • 300 pages
  • PDF PPT EXCEL
 Fish Protein Concentrate Market
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Fish Protein Concentrate: This Nutrition Auxiliary to be the Next Big Thing

Transition toward functional ingredients is in its prime, thanks to the ever-evolving consumer preferences for products offering tangible benefits. Use of fish protein concentrate has been imparting new dimensions of value-addition across umpteen application verticals, in view of the fact that it improves nutritional quality of the target product without necessarily affecting other characteristics. As ‘utility marketing’ emerges as a key tactic among enterprises worldwide, businesses have started looking for new additions that would revitalize the degree of marketability of their products. This is where the use of fish protein concentrate comes into play, thereby unravelling new opportunities for the brands operating in the turbulent market space.

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fish protein concentrate market snapshot

Fish Protein Concentrate Market - Key Research Findings

  1. The global fish protein concentrate market size in 2018 was ~US$ 100 Mn.
  2. The fish protein concentrate market is expected to grow at a CAGR of ~7% during the forecast period of 2019-2029.
  3. Increasing demand for fish protein concentrate from cereal bar manufacurers has been recently driving the sales of fish protein concentrate.
  4. Collectively, North America and Europe are likely to account for more than half of the revenue shares in the fish protein concentrate industry, by the end of 2029.
    • Increasing health consciousness amongst people and fitness trends in regions such as India and China, have created lucrative growth opportunities for fish protein concentrate market in these regions.
  5. The food and beverage industry is expected to remain the prominent end-use industry to invest in, for fish protein concentrate market players.
    • The food and beverage industry has witnessed significant growth over the recent years.
    • Increasing consumption of dietary supplements and sports nutrition has created a significant demand for fish protein concentrate.

Key Factors Shaping the Fish Protein Concentrate Market

Increasing Demand for Fish Protein Concentrate from Cereal Bar Manufacturers

Over the years, food consumption trends have changed drastically. People are more concerned about their health and fitness, due to which, the demand for healthy food products has also increased. People are looking for handy multi-component products, which are readily available in the market and also help to compensate for the fast moving lifestyle of the consumers. Hence, cereal bar is considered as the perfect product, which is affordable and full of nutrients such as proteins, fatty acids, minerals, and different high-quality fibers, among others. With the growing demand for nutrient-rich cereal bars, the need for the development of cereal bars with healthier ingredients has also increased. Researchers have been seeking new food ingredients in order to improve the functionality and nutritional value of the product. Hence, manufacturers of cereal bar are looking towards the fish processing industry, which generates ample amount fish protein concentrate for human consumption from fish residue. This fish protein concentrate is an excellent source of protein and can be easily blended with a cereal bar in order to enhance its nutrient content. This surge in demand for fish protein concentrate from cereal bar manufacturers has bolstered the growth of the fish protein concentrate market and hence, it is expected to grow significantly over the forecast period.

Increasing Demand for Protein and Other Vital Nutrients will Propel the Market Growth

Robust growth of the food and dietary supplements industry is expected to lead to higher demand for fish protein concentrate over the forecast period, creating a lucrative opportunity for manufacturers of fish protein concentrate across the globe. The nutrient profile of fish protein concentrate is very compatible with the human digestion process. In the coming years, with increasing demand for protein and other vital nutrients from consumers, fish protein concentrate could be used as a preferred source of protein. Fish protein concentrate can be used extensively during a specific growth stage of infants, for people with diseased conditions, or for broad stock purposes. Moreover, fish protein concentrate is an important product for economically underdeveloped countries, which require an inexpensive source of animal protein for human consumption in order to tackle malnutrition. Fish protein concentrate produced from oily fish is also a good source of omega-3 fatty acids and other essential micronutrients. Fish protein concentrate already has an established market in North America, but manufacturers operating in the fish protein concentrate market could focus on enhancing their footprint in other regions as well.

fish protein concentrate market 2nd image

Adoption of Advanced Processing Technologies by Manufacturers

Keeping the quality of fish protein concentrate up to the mark is the key challenge faced by the manufacturers of fish protein concentrate. In order to prevent fish protein concentrate from becoming rancid, and to improve the shelf life of fish protein concentrate, manufacturers have included 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 protein concentrate into food and stabilize fish protein concentrate-enriched food products. This technology not only improves the texture and stability of fish protein concentrate but also enhances the shelf life of the product. Microencapsulated fish protein concentrate with enhanced stability finds applications majorly in infant formula, dietary supplements, and food and beverages. Hence, major manufactures are inclining towards the adoption of advanced processing technologies.

Preferential Inclination towards Non-Modified Functional Ingredients

The increasing health-conscious population has significantly increased the demand for non- GMO food ingredients. In the global food and beverages market, the trend indicated the need for manufacturers who offer non-GMO certified products to their customers. Parents, these days, are very concerned about the ingredients used in the baby products available in the market, which is creating the need for non-GMO food ingredients, resulting in the preferential inclination towards non-modified functional ingredients.

Fish Protein Concentrate Market Structure Analysis

  • The global fish protein concentrate market represents a fairly consolidated competition landscape, where majority of the key players maintain their strategic focus on the development of solid distribution partnerships and joint ventures, targeting a firmer global footprint.
  • Leading manufacturers of fish protein concentrate are currently prioritizing R&D and new product launches to resonate with the booming consumption of sports nutrition and dietary supplements.
  • Portfolio extension is also identified to remain one of the key developmental strategies adopted by manufacturers of fish protein concentrate.
  • Deeper understanding of the market trends and preferential shifts of end-use segments across various regions are likely to create a bottleneck for prominent players, looking forward to untapped opportunities in the fish protein concentrate market.

Fish Protein Concentrate Market: Boundless Opportunities on the Horizon

Over the last decade, product consumption trends have reflected a topsy-turvy journey in almost every known market. While there was a time when consumers used to favor the apparent characteristics of a specific product, the modern times represent the monopoly of ‘value-over-anything’. Food and beverage producers continue to count on fish protein concentrate for fortification, owing to the fact that consumer inclination toward preventive nutrition is treading on an ascending path. Addition of fish protein concentrate in cereal bars is the newest trend spreading its roots in the sports food and nutritional supplements landscape, as consumers are resorting to on-the-go snacking options as a replacement to full-fledged meal formats. 

Use as a Flavor Enhancer in Pastas & Noodles: Bringing Wholesomeness to the Table

Use of fish protein concentrate in pastas and noodles is gaining traction as a trend, as food ventures are showing considerable interest to experiment with new ideas. As the demand for food items like pasta and noodles is taking off significantly, food producers are offering tastemakers and flavor enhancer that are fish protein concentrate-based to weave distinctive taste experiences. As the nutritional value of fish protein concentrate is exceptionally high, food producers focusing on convergence of taste and functionality attributes have started relying on fish protein concentrate as an effective ingredient.

* This data is only a representation. Actual data may vary and will be available in report.

Use as a Flavor Enhancer in Pastas & Noodles: Bringing Wholesomeness to the Table
Use as a Flavor Enhancer in Pastas & Noodles: Bringing Wholesomeness to the Table
Use as a Flavor Enhancer in Pastas & Noodles: Bringing Wholesomeness to the Table
Use as a Flavor Enhancer in Pastas & Noodles: Bringing Wholesomeness to the Table
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  • 2019
  • 2022
  • 2029
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The Broader Perspective

Cosmetic and personal care brands are catching up with the trend of organic ingredients by using fish processing waste as a potential source of protein over the conventional sources. As fish skin waste is a great source of collagen and gelatin, brands developing cosmetic and personal care products are investing in fish protein concentrates to nourish their product utility. Fish protein concentrate are highly cost-effective as compared to plant-based protein concentrates, which is another significant factor upholding the use of fish protein concentrate in cosmetic and personal care products.

Type C remains highly sought-after

Type A sees exponential growth

Powder remains the preferred form

Liquid form witnesses sluggish adoption

Food & beverages remains largest end user

Use in cosmetic & personal care sees an upswing

How Growth will Unfold

Brands in the fish protein concentrate market are entering into collaborations with renowned research centers. These collaborations are aimed at fine-tuning business strategies via up-to-date academic and scientific resources. Production of fish protein concentrate requires no dedicated facilities or special units, which is one of the key reasons placing manufacturers in this market in an advantageous position. Participation in trade fairs and conferences for persuasive marketing continues to be a centerpiece of the overall marketing strategies, for the fact that these platforms offer immense exposure to larger audience segments.

 Fish Protein Concentrate Market

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Fish Protein Concentrate Market: Global Industry Analysis 2014 - 2018 and Opportunity Assessment; 2019 - 2029

A recent market study published by FMI on the fish protein concentrate market delivers 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.

Fish Protein Concentrate Market Taxonomy

The global fish protein concentrate market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Type

  • Type A
  • Type B
  • Type B

Form

End Use

  • Food and Beverages
  • Cosmetics & Personal Care
  • Sports Nutrition & Dietary Supplement
  • Pharmaceuticals
  • Others

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa
  • China
  • India
  • Mexico 

What's Included

The report initiates with the executive summary of the fish protein concentrate market, which includes a summary of key findings and statistics of the market. It also includes the demand & supply-side trends pertaining to the fish protein concentrate market.

Readers can find the definition and a detailed taxonomy of the fish protein concentrate market in this chapter, which will help them understand the basic information about the fish protein concentrate market. Along with this, comprehensive information pertaining to fish protein concentrate and its properties are provided in this section. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the fish protein concentrate market report.

The fish protein concentrate market report provides key market trends that are expected to significantly impact the market growth during the forecast period. Detailed industry trends are provided in this section.

This section includes the factors that have emerged as key successful factors and strategies adopted by key market participants.

This section explains the global market value analysis and forecast for the fish protein concentrate market between the forecast period 2019-2029. This chapter includes a detailed analysis of the historical fish protein concentrate market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029). Along with this, pricing analysis of the fish protein concentrate market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the fish protein concentrate market between the forecast period 2019-2029.

This chapter explains the key macro-economic factors that are expected to influence the growth of the fish protein concentrate market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, Porter’s five forces analysis, and value chain analysis for the fish protein concentrate market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.

Based on the type, the fish protein concentrate market is segmented into type A, type B, and type C. In this chapter, readers can find information about the key trends and developments in the fish protein concentrate market and market attractiveness analysis based on the type.

This chapter provides details about the fish protein concentrate market based on the form, and has been classified into liquid and powder. In this chapter, readers can understand the market attractive analysis based on the form.

This chapter provides details about the fish protein concentrate market based on the end use, and has been classified into food & beverages, cosmetics & personal care, sports nutrition and dietary supplements, pharmaceuticals, and others. In this chapter, readers can understand the market attractive analysis based on end use.

This chapter explains how the fish protein concentrate market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa (MEA), China, India, and Mexico.

This chapter includes a detailed analysis of the growth of the North America fish protein concentrate market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on applications and countries in North America.

This chapter provides the growth scenario of the fish protein concentrate market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.

Important growth prospects of the fish protein concentrate market based on its end users in several countries such as Germany, the U.K., France, Spain, Italy, Russia, BENELUX, and the Rest of Europe are included in this chapter.

In this chapter, ASEAN countries are the prominent countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia fish protein concentrate market. Readers can find detailed information about the growth parameters of the South Asia fish protein concentrate market during the forecast period of 2019-2029.

This chapter highlights the growth of the fish protein concentrate market in East Asia by focusing on Japan and Korea. This section also help readers understand the key factors that are responsible for the growth of the fish protein concentrate market in East Asia.

This chapter highlights the growth of the fish protein concentrate market in Oceania by focusing on Australia and New Zealand. This section also helps readers understand key factors that are responsible for the growth of the fish protein concentrate market in Oceania.

This chapter provides information about how the fish protein concentrate market will grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, and the Rest of MEA, during the forecast period of 2019-2029.

This chapter provides information about how the fish protein concentrate market will grow in China during the forecast period of 2019-2029.

This chapter provides information about how the fish protein concentrate market will grow in India during the forecast period of 2019-2029.

This chapter provides information about how the fish protein concentrate market will grow in Mexico during the forecast period of 2019-2029.

This section highlights the growth prospects of the fish protein concentrate market for emerging markets such as China and India.

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the fish protein concentrate market, along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the fish protein concentrate 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 TripleNine Group A/S, Omega Protein Corporation, Sopropeche S.A., and FF Skagen AS, among others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the fish protein concentrate market report.

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the fish protein concentrate market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current market dynamics and challenges
  • Yesteryear trends 
  • 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 Journals & Magazines
  • Research Papers
  • Industry Associations
    • FAO (Food and Agriculture Organization)
    • IFFO (The Marine Ingredients Organization)
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits fish protein concentrate market designations

Primary Interview Splits fish protein concentrate market stakeholders

To Learn More About our Comprehensive Perspective on Fish Protein Concentrate Market,

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

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