Fish Protein Isolate Market Outlook & Key Findings
- The global fish protein isolate market slated to surpass US$ 565 Mn in 2020
- Future Market Insights (FMI) forecasts the market to register growth above 7.3% (CAGR) between 2020 and 2030
- Fish protein isolate are available at a lesser price point against meat protein, and also extended shelf life – thus a hit among functional food and supplement formulators
- More than three fourth of fish protein isolate is produced from by-products discarded by fish processing industry using isoelectric solubilization/precipitation process
- According to FMI, the upsurge in demand for dietary supplements among sports person, athletes, and fitness enthusiasts will catalyze the use of fish protein isolate in sports nutrition
Leading suppliers in Fish Protein Isolate Market
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,
- Omega Protein Corporation
- Titan Biotech Limited
- Peterlabs Holdings Barhad
- A. Costantino & C. s.p.a
- Sopropeche S.A.
- Mukka Sea Food Industries Private Limited
- Bio-Oregon Protein Inc.
- FF Skagen AS
- Diana Aqua
- TripleNine Group A/S
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Fish Protein Isolate: Region-wise Analysis
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.
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Fish Protein Isolate Market: The Way Forward
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.
Fish Protein Isolate Market by Category
By Product Type:
- Soy Protein
- Wheat Protein
- Pea Protein
- Others
By Form:
- Isolates
- Concentrates
- Hydrolysates
By Nature:
- Organic
- Conventional
By Application:
- Nutritional Products
- Sports Nutrition
- Medical Nutrition
- Infant Nutrition
- Bakery
- Snacks & Cereals
- Dairy
- Confectionary and Dessert
- Beverages
- Animal Feed
- Others
By Region:
- North America
- Latin America
- East Asia
- Europe
- South Asia
- Oceania
- Middle East and Africa (MEA)
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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