Industry Background:
Fish protein or fish protein powder (FPP) refer as a food grade powder product designated primarily for human consumption applications. It basically differs from the fish meal products which are designated for animal feed applications. Fish protein have various sanitary processing, purity and functional characteristics which establish them as human food ingredients. The market of fish protein is growing due to the factor like increasing aquaculture industry. While some of the factors like fluctuation raw material prices and stringent government regulations is hampering the market growth.
According to AMA Research, the market for Fish Protein is expected to register a CAGR of 7.5% during the forecast period to 2030. This growth is primarily driven by Growth in the Aquaculture Industry
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Blue Wave Marine Ingredients (Malaysia), CC Moore (United Kingdom), John Baker (United Kingdom), Hangzhou Nutrition Biotechnology (China), CRESCENT BIOTECH (India), Xiamen Gelken Gelatin Co., Ltd. (China) and Wudi Deda Agriculture Co., Limited (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2023, Finland is thriving, as Finland’s only fish feed factory operates under a new name reflecting its new ownership. The company formerly known as Raisioaqua is now operating as Alltech Fennoaqua Oy
In October 2023,Nestlé has announced the launch of exciting new innovations - a range of plant-based alternatives to white fish.The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Influencing Trend:
Enhancement in Product Development and Rising Demand for Fertilizers to Increase Crop Yields
Market Growth Drivers:
Growth in the Aquaculture Industry, Rise in Seafood Trade Propelling the Demand and Highly Used in Replacing Meet Products
Challenges:
Growth in Environmental and Human Health Concerns
Restraints:
Fluctuations in Raw Material Prices
Opportunities:
Development of Innovative Products as A Source of Protein
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Fish Protein Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Fish Protein Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Fish Protein players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Fish Protein Study Sheds Light on
The Fish Protein Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Fish Protein industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Fish Protein industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.