Fish Protein Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type and Application : Opportunity Analysis and Industry Forecast, 2019-2026

Fish Protein Market Research, 2026

The fish protein market was valued at $3.08 billion in 2018, and is estimated to reach $4.20 billion by 2026, registering a CAGR of 4.0% from 2019 to 2026. In 2018, the fish protein concentrate (FPC) segment accounted for a majority share, and is expected to grow at a CAGR of 3.30% throughout the forecast period.

Fish protein is a rich source of protein, which is a colorless and tasteless powder obtained from whole fish. Fish protein is extracted majorly from fishes such as Yellowtail amberjack, Tuna, Anchovy, Coho Salmon, Trout, Snapper, Tilapia, Bluefish, Pollock, Grouper, Sardines, Mackerel, Cod, Haddock, Flounder, Perch, and Halibut. Three types of fish protein are available in the market, which include concentrate, hydrolysate, and isolate. There are various types of fish from which Fish protein is predominantly used in animal feed, pharmaceuticals, and cosmetics. 

Fish protein has been gaining traction in the emerging markets such as the U.S., Canada, and Germany. This is attributed to rise in preference for fish meal in animal feed due to increase in affinity of buyers toward organic/natural animal feed products. Furthermore, surge in health awareness and increase in consumption of fish protein among health-conscious consumers are the key factors that drive the global fish protein market growth. Moreover, increase in application of fish protein in production of health supplements and in pharmaceutical industry significantly contributes toward the growth of the global market. However, high cost of fish protein, rise in concerns pertaining to storage, and high transportation cost act as the major restraints of the market. On the contrary, upsurge in demand for trendy cosmetics such as nutricosmetics, which contains fish protein and increase in popularity of fish protein among youth are anticipated to provide remunerative opportunities for market expansion.

The global fish protein market is segmented into type, application, and region. On the basis of type, the market is divided into fish protein concentrate (FPC), fish protein hydrolysate (FPH), and fish protein isolate (FPI). The applications covered in the study include animal feed, pharmaceuticals, and cosmetic. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Depending on the fish protein market analysis, the fish protein concentrate (FPC) segment generated the maximum revenue in 2018, and is expected to continue this trend throughout the forecast. This is attributed to increase in preference of fitness-conscious consumers toward high-protein diet. However, the fish protein hydrolysate (FPH) segment is expected to grow at the highest CAGR throughout the forecast period, owing to rise in adoption fish hydrolyzed collagen in nutritional cosmetics.

On the fish protein market forecast, the animal feed segment garnered the highest share in the fish protein market in 2018. This is attributed to rise in adoption of fish meal in the poultry industry. However, the cosmetics segment is expected to witness the fastest growth, owing to increase in awareness for nutricosmetics, which contain fish protein.

Region wise, North America is the most prominent regional market. This is attributed to the highly evolved retail structure and increased adoption of fish protein due to rise in prevalence of obesity. Moreover, upsurge in expenditure of consumers on dietary food and nutricosmetics adds to the popularity of fish protein in this region. However, China is expected to grow at the highest CAGR throughout the forecast period, owing to increase in fish farming and surge in adoption of fish meal in the animal feed industry.

The key players profiled in the report include Apelsa Guadalajara, Aroma NZ, Bevenovo Co., Limited, BioOregon Protein, Mukka Seafood Industries, New Alliance Dye Chem Pvt. Ltd, Nutrifish, Qingdao Future Group, Scanbio Marine Group, and Taian Health Chemical Co., Ltd. These players rely on product launches to improve their product portfolio and stay competitive in the global market.
The other players in the global fish protein market industry include AACL Bioflux, Colpex International, Janatha Fish Meal & Oil Products, Omega Protein, Peterlabs Holdings, Shenzhen Taier, and Siam Industries International.

Key Benefits for Stakeholders:

• The report provides a quantitative analysis of the current fish protein market trends, estimations, and dynamics of the market size from 2018 to 2026 to identify the prevailing opportunities.
• The key countries in all the major regions are mapped based on global fish protein market share.
• Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis and the fish protein market size and segmentation assists in determining the prevailing market opportunities.
• The major countries in each region are mapped according to their revenue contribution to the global fish protein market. 
• The market player positioning facilitates benchmarking and provides a clear understanding of the present position of the players operating in the industry. 

  Fish Protein Market Report Highlights

Aspects	Details
By Type	Fish Protein Concentrate (FPC) Fish Protein Hydrolysate (FPH) Fish Protein Isolate (FPI)
By Application	Animal Feed Pharmaceuticals Cosmetics
By Region	North America  (U.S., Canada, Mexico) Europe  (Spain, Germany, France, UK, Italy, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific) LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
Key Market Players	Taian Health Chemical Co., Ltd., Scanbio Marine Group AS, Qingdao Future Group, New Alliance Dye Chem Pvt. Ltd., Bevenovo Corporation Limited, Nutrifish, Mukka Sea food Industries Limited, Apelsa Guadalajara SA de CV, BioOregon Protein, Aroma (NZ) Limited

Analyst Review

The fish protein market holds a substantial scope for growth during the forecast period. Currently, the market is witnessing significant growth, and is expected to exhibit steady growth in major markets, such as the U.S., Germany, China, India, and Brazil.

The factors that drive the growth of the global fish protein market include increase in demand for fish protein through fish meal in the poultry industry. Moreover, rise in trend of nutricosmetics in emerging countries is expected to offer remunerative opportunity for market expansion during the forecast period. In the developing countries in Asia-Pacific region such as China and India, the adoption of fish protein as poultry feed has been witnessed to increase considerably, owing to the positive impact on the growth of chickens. Thus, emerging economies are anticipated to provide lucrative opportunities for the development of the global market.

Author Name(s) : Aniket Kadam & Vaibhav Sangwai | Roshan Deshmukh

Related Tags

• Protein Supplements
• Protein Foods
• Alternative Proteins
• Weight Management Foods
• Wellness Foods
• Free From Foods
• Immunity Boosting Food
• Protein Ingredients