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Fish protein isolate (FPI) is a wonderful source of protein and has a great amino acid profile. While the industry may tout it as high end ingredient, carefully conducted market research by FMI confirms that fish protein isolate is definitely not high priced and is better accessible.
FPI derived from whole gutted tout using isoelectric solubilization is not only high in protein but considered suitable for human consumption. The surging interest in incorporating omega 3 fatty acids in food and simultaneous reduction in the sodium content will give tailwinds to the application of fish protein isolates.
Due to various health benefits of fish protein isolates, they are considered ideal for producing pocket-friendly nutraceutical and functional food for human consumption.
There is immense scope for developing novel omega-3 rich functional food and sports nutrition from inexpensive sources such as fish protein isolate (FPI). It is derived at a low cost from the byproducts of fish processing.
Fish protein isolate is an excellent source of protein and can be easily blended with healthy food products such as cereal and energy bars in order to enhance nutrient content. In the coming years, an increasing number of food producing companies are likely to consider fish protein isolate as a key ingredient.
Surfacing evidences from researches conducted on the potential effects of lean fish consumption reveal that protein obtained from fish has several beneficial properties. Even the waste material, usually discarded by the fish industry, has high protein content.
Use of fish protein isolate unleashed a plethora of option to functional food formulators, as they can develop high-protein based food that is accessible to very large customer cluster.
FMI projects the use of fish protein isolate as a base ingredient to surge in the food industry, resultantly an incremental opportunity of US$ 582 Mn is likely to be created between 2020 and 2030.
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Fish protein isolate’s nutrient profile is very consistent with human digestion cycle, which makes it ideal for use in dietary supplements and sports nutrition.
Due to its low price, FPI is preferred in underdeveloped countries looking for affordable sources of protein for human consumption. It contains several essential micronutrients considered necessary to curb the prevalence of malnutrition.
The same attribute fuels the demand for fish protein isolate in sports nutrition. The unique blend of micronutrients found in FPI, coupled with its lower price point, makes it an ideal candidate to replace costly whey protein in supplements.
With the demand from pharmaceutical, cosmetic and personal care industries rising, FMI foresees strong growth on cards for the market.
With leading companies focusing on better positioning their products in the market, search for ideal protein sources will gain pace. In response to this, the fish protein isolate sales in food and beverage, cosmetic and personal care, dietary supplements and pharmaceuticals industries is increasing.
The rising demand for pocket-friendly protein has rendered the market highly competitive. Key players are therefore focusing on strategic collaborations and acquisitions to gain competitive strength.
For instance, in April 2017, Pacific Seafood purchased another facility that is located in Newport, Pacific Bio Products (PBP). PBP processes Pacific Whiting and traditional fishmeal. This facility operates seasonally and has increased the company’s volume and production capability of fish protein isolate.
In September 2014, the company completed the acquisition of the entire stock of Bioriginal Food & Science Corp., a leading supplier of essential fatty acids and marine and plant-based specialty oils. The acquisition helped the company to expand its human nutrition segment.
Investments in R&D is growing as a result of increasing competition between players at both global and regional levels. The speed at which technological advancements are affecting the food sector has made it necessary for manufacturers to increase their scale of R&D efforts.
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Consumers are trying to counter-balance their hectic lifestyle with healthy food and better nutrition. They are increasingly preferring food products whose label confirms they are salt-free, gluten-free, sugar-free, and protein rich.
Fish protein isolate contains high amount of vitamins, proteins and other essential amino acids that is encouraging its application in the food and beverage and nutraceutical industries.
It is not only rich in essential nutrients but offers a price efficient base protein ingredient. Manufacturers are therefore launching unique fish protein isolate based products such as energy bars, cereal bars and energy drinks and others to keep pace with dynamic consumer preference.
Their inclination towards products with clean label certification will further augment the use of fish protein isolate across diverse industries.
While extracting fish protein isolate is not expensive, its transportation and storage remain costly affairs. Besides this, market players are reeling under decelerating consumer interest.
There is growing reluctance in purchasing seafood and spending on animal protein. With more consumers seeking a vegan lifestyle, competition posed by vegan protein brands may rise.
Isolates extracted from fish trimmings also have a bitter taste which is a big hurdle, dissuading human consumption. However, recent studies have found perfect solution to mitigate this concern.
Protease enzyme, which is available commercially can be added to salmon-based trimmings to create non-bitter tasting hydrolysate without affecting its nutritional value.
North America and Europe has early movers advantage and some of the most renowned companies in the fish protein isolate market are based out in these regional pockets.
According to FMI, North America and Europe will continue holding the lion’s share in the global market.
Market maturity, competition and sourcing challenges are compelling companies to shift their focus towards no-conventional markets such as Peru, Argentina, Chile, and Brazil.
These countries have reported considerable shift in consumption patterns wherein people are moving away from carbonated foods such as grain, cereals and rice to protein-based foods such as chicken, pork and fish.
Several nations across the Middle East & Africa and Asia Pacific rely on the imports of fish, fish byproducts and their feed. The rising demand for meat products and the subsequently expanding animal feed industry, will create lucrative potential for FPI sales across these nations.
Among other factors, pricing is one of the key determinants of the market’s growth. The chart below depicts the variance in pricing of fish protein isolate in powder and liquid form between regions.
Despite the variance, it is interesting to note similarity in pricing of powder and liquid FPI between regions. For instance, in both North America and Europe the price of powder FPI is steeper than its liquid counterpart.
Tier one companies are focusing on research and development to increase their product offerings. They are also aiming at acquisition and mergers to strengthen their supply chain and expand their geographical presence. Some of the key players in the fish protein isolate market are,
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report
Future Market Insights predicts the global fish protein isolate market to surpass US$ 1.1 Bn by 2030. Through proper funding at each point of production companies are seeking to spread awareness about health benefits of fish protein isolate.
Supporting their endeavors are positive clinical trial outcomes. Overall, the sales of fish protein isolate will continue to rise at a steady pace through the report’s forecast period.
Advances in membrane technology over the past few years entail that lower cost protein from fish is available to food companies. Fish protein isolate not only has the potential of replacing whey protein in some applications, but will offer a pocket-friendly base protein ingredient for dietary supplements.
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The fish protein isolate market is expected to grow at a 7.3% CAGR from 2022 to 2032
By 2022-end, fish protein isolate market sales are likely to reach US$ 565 Million
By 2032-end, fish protein isolate market sales are likely to reach US$ 1142 Million
Omega Protein Corporation, Titan Biotech Limited, and Peterlabs Holdings Barhad are some leading fish protein isolate, market providers.
1. Executive Summary 1.1. Market Overview 1.2. Market Analysis 1.3. FMI Analysis and Recommendations 1.4. Opportunity Matrix 2. Market Introduction 2.1. Market Definition 2.2. Market Taxonomy 3. Fish Protein Isolate Market Background 3.1. Global Aquaculture Market Overview 3.2. Key Developments and Product Launches 3.3. Overview of Claims and Certifications for Fish Protein Products 3.4. Overview of Production and Processing Methods 3.5. Macro-Economic Indicators 3.6. Market Dynamics 3.6.1. Market Drivers 3.6.1.1. Economic Drivers 3.6.1.2. Supply Side Drivers 3.6.1.3. Demand Side Drivers 3.6.2. Market Restraints 3.6.3. Market Opportunities 3.6.4. Market Trends 3.6.4.1. Key Trends Impacting the Market 3.6.4.2. Product Innovation/Development Trends 3.7. Consumer Perception and End User Survey 3.8. Policy and Regulatory Landscape 3.9. Forecast Factors – Relevance and Impact 4. Global Fish Protein Isolate Market Value Chain 4.1. Flowchart of Key Market Participants 4.1.1. Raw Material Suppliers 4.1.2. Product Manufacturers 4.1.3. Distributors/Suppliers/Wholesalers 4.1.4. Private Label 4.1.5. End Users 4.2. Profitability Margin 5. Global Fish Protein Isolate Market Pricing Analysis 5.1. Regional Average Pricing Analysis (US$) 5.1.1. North America 5.1.2. Latin America 5.1.3. Europe 5.1.4. Asia Excluding Japan 5.1.5. Oceania 5.1.6. Middle East & Africa 5.1.7. Japan 5.2. Pricing Analysis, By Form 5.3. Price Till 2030 5.4. Factors affecting Pricing 6. Global Fish Protein Isolate Market Analysis 2015–2019 and Forecast 2020–2030 6.1. Market Size (US$ Mn) and Forecast 6.1.1. Market Size (US$ Mn) and Y-o-Y Growth 6.1.2. Absolute $ Opportunity 7. Global Fish Protein Isolate Market Analysis 2015–2019 and Forecast 2020–2030, by Form 7.1. Introduction 7.2. Historical Market Size (US$ Mn) By Form, 2015–2019 7.3. Market Size (US$ Mn) Forecast By Form, 2020–2030 7.3.1. Powder 7.3.2. Liquid 7.4. Market Attractiveness Analysis By Form 8. Global Fish Protein Isolate Market Analysis 2015–2019 and Forecast 2020–2030, by End User Industry 8.1. Introduction 8.2. Historical Market Size (US$ Mn) By End User Industry, 2015–2019 8.3. Market Size (US$ Mn) Forecast By End User Industry, 2020–2030 8.3.1. Food and Beverages 8.3.2. Cosmetic & Personal Care 8.3.3. Sports Nutrition & Dietary Supplement 8.3.4. Pharmaceuticals 8.3.5. Others 8.4. Market Attractiveness Analysis By End User Industry, 9. Global Fish Protein Isolate Market Analysis 2015–2019 and Forecast 2020–2030, by Region 9.1. Introduction 9.2. Historical Market Size (US$ Mn) By Region, 2015–2019 9.3. Market Size (US$ Mn) Forecast By Region, 2020–2030 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. Asia Excluding Japan 9.3.5. Oceania 9.3.6. Middle East & Africa 9.3.7. Japan 9.4. Attractiveness Analysis by Region 10. North America Fish Protein Isolate Market Analysis 2015–2019 and Forecast 2020–2030 10.1. Introduction 10.2. Historical Market Value (US$ Mn) By Market Segments, 2015–2019 10.3. Market Value (US$ Mn) Forecast By Market Segments, 2020–2030 10.3.1. By Country 10.3.1.1. U.S. 10.3.1.2. Canada 10.3.2. By Form 10.3.3. By End User Industry 10.4. Market Attractiveness Analysis 10.4.1. By Country 10.4.2. By Form 10.4.3. By End User Industry 10.5. Drivers and Restraints: Impact Analysis 10.6. Key Participants Market Presence Intensity Mapping 11. Latin America Fish Protein Isolate Market Analysis 2015–2019 and Forecast 2020–2030 11.1. Introduction 11.2. Historical Market Value (US$ Mn) By Market Segments, 2015–2019 11.3. Market Value (US$ Mn) Forecast By Market Segments, 2020–2030 11.3.1. By Country 11.3.1.1. Mexico 11.3.1.2. Brazil 11.3.1.3. Peru 11.3.1.4. Argentina 11.3.1.5. Rest of Latin America 11.3.2. By Form 11.3.3. By End User Industry 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Form 11.4.3. By End User Industry 11.5. Drivers and Restraints: Impact Analysis 11.6. Key Participants Market Presence Intensity Mapping 12. Europe Fish Protein Isolate Market Analysis 2015–2019 and Forecast 2020–2030 12.1. Introduction 12.2. Historical Market Value (US$ Mn) By Market Segments, 2015–2019 12.3. Market Value (US$ Mn) Forecast By Market Segments, 2020–2030 12.3.1. By Country 12.3.1.1. EU-4 12.3.1.2. UK 12.3.1.3. BENELUX 12.3.1.4. Nordic 12.3.1.5. Russia 12.3.1.6. Rest of Europe 12.3.2. By Form 12.3.3. By End User Industry 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Form 12.4.3. By End User Industry 12.5. Drivers and Restraints: Impact Analysis 12.6. Key Participants Market Presence Intensity Mapping 13. Asia Excluding Japan Fish Protein Isolate Market Analysis 2015–2019 and Forecast 2020–2030 13.1. Introduction 13.2. Historical Market Value (US$ Mn) By Market Segments, 2015–2019 13.3. Market Value (US$ Mn) Forecast By Market Segments, 2020–2030 13.3.1. By Country 13.3.1.1. China 13.3.1.2. India 13.3.1.3. ASEAN Countries 13.3.1.4. South Korea 13.3.2. By Form 13.3.3. By End User Industry 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Form 13.4.3. By End User Industry 13.5. Drivers and Restraints: Impact Analysis 13.6. Key Participants Market Presence Intensity Mapping 14. Oceania Fish Protein Isolate Market Analysis 2015–2019 and Forecast 2020–2030 14.1. Introduction 14.2. Historical Market Value (US$ Mn) By Market Segments, 2015–2019 14.3. Market Value (US$ Mn) Forecast By Market Segments, 2020–2030 14.3.1. By Country 14.3.1.1. Australia 14.3.1.2. New Zealand 14.3.2. By Form 14.3.3. By End User Industry 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Form 14.4.3. By End User Industry 14.5. Drivers and Restraints: Impact Analysis 14.6. Key Participants Market Presence Intensity Mapping 15. Middle East & Africa Fish Protein Isolate Market Analysis 2015–2019 and Forecast 2020–2030 15.1. Introduction 15.2. Historical Market Value (US$ Mn) By Market Segments, 2015–2019 15.3. Market Value (US$ Mn) Forecast By Market Segments, 2020–2030 15.3.1. By Country 15.3.1.1. GCC Countries 15.3.1.2. Turkey 15.3.1.3. South Africa 15.3.1.4. Northern Africa 15.3.1.5. Rest of MEA 15.3.2. By Form 15.3.3. By End User Industry 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Form 15.4.3. By End User Industry 15.5. Drivers and Restraints: Impact Analysis 15.6. Key Participants Market Presence Intensity Mapping 16. Japan Fish Protein Isolate Market Analysis 2015–2019 and Forecast 2020–2030 16.1. Introduction 16.2. Historical Market Value (US$ Mn) By Market Segments, 2015–2019 16.3. Market Value (US$ Mn) Forecast By Market Segments, 2020–2030 16.3.1. By Form 16.3.2. By End User Industry 16.4. Market Attractiveness Analysis 16.4.1. By Form 16.4.2. By End User Industry 16.5. Drivers and Restraints: Impact Analysis 16.6. Key Participants Market Presence Intensity Mapping 17. Competition Assessment 17.1. Global Fish Protein Isolate Market Competition - a Dashboard View 17.2. Global Fish Protein Isolate Market Structure Analysis 17.3. Global Fish Protein Isolate Market Country Share Analysis 17.4. Key Participants Market Presence (Intensity Mapping) by Region 18. Competition Deep=Dive 18.1. Omega Protein Corporation 18.1.1. Overview 18.1.2. Product Portfolio 18.1.3. Profitability by Market Segments (Product/Channel/Region) 18.1.4. Sales Footprint 18.1.5. Channel Footprint 18.1.6. Strategy Overview 18.1.6.1. Marketing Strategy 18.1.6.2. Product Strategy 18.1.6.3. Channel Strategy 18.2. Titan Biotech Limited. 18.2.1. Overview 18.2.2. Product Portfolio 18.2.3. Profitability by Market Segments (Product/Channel/Region) 18.2.4. Sales Footprint 18.2.5. Channel Footprint 18.2.6. Strategy Overview 18.2.6.1. Marketing Strategy 18.2.6.2. Product Strategy 18.2.6.3. Channel Strategy 18.3. Peterlabs Holdings Barhad 18.3.1. Overview 18.3.2. Product Portfolio 18.3.3. Profitability by Market Segments (Product/Channel/Region) 18.3.4. Sales Footprint 18.3.5. Channel Footprint 18.3.6. Strategy Overview 18.3.6.1. Marketing Strategy 18.3.6.2. Product Strategy 18.3.6.3. Channel Strategy 18.4. A. Costantino & C. S.P.A 18.4.1. Overview 18.4.2. Product Portfolio 18.4.3. Profitability by Market Segments (Product/Channel/Region) 18.4.4. Sales Footprint 18.4.5. Channel Footprint 18.4.6. Strategy Overview 18.4.6.1. Marketing Strategy 18.4.6.2. Product Strategy 18.4.6.3. Channel Strategy 18.5. Sopropeche S.A. 18.5.1. Overview 18.5.2. Product Portfolio 18.5.3. Profitability by Market Segments (Product/Channel/Region) 18.5.4. Sales Footprint 18.5.5. Channel Footprint 18.5.6. Strategy Overview 18.5.6.1. Marketing Strategy 18.5.6.2. Product Strategy 18.5.6.3. Channel Strategy 18.6. Mukka Sea Food Industries Private Limited 18.6.1. Overview 18.6.2. Product Portfolio 18.6.3. Profitability by Market Segments (Product/Channel/Region) 18.6.4. Sales Footprint 18.6.5. Channel Footprint 18.6.6. Strategy Overview 18.6.6.1. Marketing Strategy 18.6.6.2. Product Strategy 18.6.6.3. Channel Strategy 18.7. Bio-Oregon Protein, Inc. 18.7.1. Overview 18.7.2. Product Portfolio 18.7.3. Profitability by Market Segments (Product/Channel/Region) 18.7.4. Sales Footprint 18.7.5. Channel Footprint 18.7.6. Strategy Overview 18.7.6.1. Marketing Strategy 18.7.6.2. Product Strategy 18.7.6.3. Channel Strategy 18.8. FF Skagen AS 18.8.1. Overview 18.8.2. Product Portfolio 18.8.3. Profitability by Market Segments (Product/Channel/Region) 18.8.4. Sales Footprint 18.8.5. Channel Footprint 18.8.6. Strategy Overview 18.8.6.1. Marketing Strategy 18.8.6.2. Product Strategy 18.8.6.3. Channel Strategy 18.9. Diana Aqua 18.9.1. Overview 18.9.2. Product Portfolio 18.9.3. Profitability by Market Segments (Product/Channel/Region) 18.9.4. Sales Footprint 18.9.5. Channel Footprint 18.9.6. Strategy Overview 18.9.6.1. Marketing Strategy 18.9.6.2. Product Strategy 18.9.6.3. Channel Strategy 18.10. TripleNine Group A/S 18.10.1. Overview 18.10.2. Product Portfolio 18.10.3. Profitability by Market Segments (Product/Channel/Region) 18.10.4. Sales Footprint 18.10.5. Channel Footprint 18.10.6. Strategy Overview 18.10.6.1. Marketing Strategy 18.10.6.2. Product Strategy 18.10.6.3. Channel Strategy 19. Assumptions and Acronyms Used 20. Research Methodology
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Fish Protein Isolate Market
