Market Outlook: Fish Protein
Protein is an essential component of the human body to maintain muscles, hair, organs, tissues, skin, and enzymes. Fish protein is one of the best dietary sources of animal protein which gives a healthy amount of protein having less saturated fat, carbohydrates, and cholesterol than red meat. Fish proteins can be used to replace meat and on account of reducing fat binding properties in the food Industry. Fish protein is the future of consumer’s health needs, as fish protein market is still on the initial stage of development. North America and Asia-Pacific are leading region in terms of major fish protein manufacturer. Fish protein products are becoming a good alternative sources in the protein and supplements industries.
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Growing Consumer Focus on Health and Diet is Promoting Growth of Protein Products:
Fish protein is having a higher source of bioactive peptides, which is having a lot of positive health benefits in terms of concentrations available within the human body. The fish protein industry is growing at a steady rate since the last 4-5 years. The growing awareness about the benefits of fish protein as it plays an important role in human nutrition. Countries like China, USA, and Ireland are playing a key role in fish protein manufacturing and they hold the maximum amount of market share in the manufacturing of fish protein products. Rising income of consumer is accompanied by an increase in demand for high-quality proteins sourced from plant and animal sources. People are moving towards a healthy lifestyle and fish protein is the best solution for the consumer to adopt the as a protein source daily consumption. Plant and animal based protein can affect the market growth of fish protein, there are some regions where consumers prefer vegan protein or animal based protein based on consumer behavior. Fish protein powder became a good alternative in the protein market.
Global Fish Protein Market: Segmentation
On the basis of forms, global fish protein market has been segmented as,
- Concentrated
- Isolated
- Hydrolysate
On the basis of end use, the global fish protein market has been segmented as,
- Meat processing
- Bakery
- Dietary supplements
- Clinical nutrition
- Infant formula
- Sports nutrition
- Ready to eat
- Retail/Household
On the basis of distribution, the global fish market segmented as,
- Business to Business
- Business to Consumer
- Convenience Stores
- Super Markets/ Hypermarkets
- Online Stores
- Specialty Stores
- Others
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Global fish protein market: Key players
- Omega Protein Corporation
- Mukka Sea Food Industries
- Bio-marine Ingredients Ireland Ltd
- Bio Phoenix Formulations
- Apelsa Guadalajara, S.A. de C.V.
- Advance International, Inc.
- Nutrifish
- Peterlabs Holdings Barhad
- Siam Industries International