The fish protein concentrate market has witnessed substantial growth in recent years owing to growing demand for high-protein functional food ingredients among health-conscious consumers. Fish protein concentrate is extracted from fish material through an acidic or alkaline extraction method and has a protein content of about 70-90%. It provides various health benefits such as improved muscle strength, weight management, heart health, digestion, and chronic disease prevention. The growing working population and busy lifestyles have increased demand for convenient and nutritious food products, driving the usage of fish protein concentrate in various food applications such as soups, sauces, ready meals, bakery products, and functional beverages.

The Global Fish Protein Concentrate Market is estimated to be valued at US$ 143.2 Mn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the fish protein concentrate market are Scanbio Marine Group, Colpex International, BioOregon Protein, Omega Protein, Apelsa Guadalajara, Aroma NZ, Sopropeche, Peterlabs Holdings, Hofseth BioCare, Nutrifish, Olvea Fish Oils, Protein Feeds, Mukka Sea Foods, Qingdao Future Group, Seagarden, Shandong Fukui Foodstuff, Shandong Yuwang Ecological Food Industry, Taian Health Chemical, Zhejiang Zengus, and Zhejiang NHU. Rising demand for plant-based and sustainable proteins will enhance the demand for fish protein concentrate products over the forecast period. Technological advancements in extraction processes are expected to improve yield and protein content, driving market growth.

Market Trends
The Fish Protein Concentrate Market Growth adoption of enzymatic hydrolysis extraction method which provides higher protein content and minimizes environmental impact compared to conventional acid/alkali methods. Another key trend is the increasing fortification of food products with fish protein concentrate to enhance the protein content and nutritional value especially in bakery, snack, and infant formula categories.

Market Opportunities
The increasing popularity of veganism and vegetarianism provides significant opportunities for fish protein concentrate producers to leverage its positioning as a sustainable plant-based protein source. Expanding application scope in functional beverages and medical nutrition offers another major opportunity owing to rising health consciousness among millennials and aging population groups respectively.

Impact of COVID-19 on Fish Protein Concentrate Market Growth
The COVID-19 pandemic has significantly impacted Fish Protein Concentrate Market Analysis. During the initial lockdown phases imposed across various countries, the demand from end use industries such as nutritional and dietary supplements declined sharply as people stayed indoors and focused more on essential items. Supply chain disruptions made it difficult to transport fish protein concentrate from production facilities to end users. This resulted in inventory pile ups at manufacturers.

However, with time people started prioritizing their health and immunity. The demand for nutritional and dietary supplements containing fish protein concentrate witnessed a strong revival as it offers various health benefits. The focus on fitness and wellness increased significantly post COVID-19. This drove the demand for products containing fish protein concentrate as a key ingredient.

Fish protein concentrate market players have also been focusing on expanding their online distribution channels to cater to the growing demand. Manufacturers are ensuring stringent safety and hygiene protocols are followed at production facilities to safeguard the health of employees. They are also investing in research & development activities to develop enhanced fish protein concentrate formulations that meet evolving consumer needs in the post pandemic era.

The geographical region witnessing the fastest growth in the fish protein concentrate market is North America. Increased health awareness and demand for sustainable protein sources among consumers have boosted the sales of fish protein concentrate in the region. Europe currently accounts for the largest share of the global fish protein concentrate market in terms of value. However, Asia Pacific is expected to surpass Europe and emerge as the new global leader over the forecast period owing to rising health consciousness and disposable incomes.

Get more insights on Fish Protein Concentrate Market
(https://www.trendingwebwire.com/fish-protein-concentrate-market-growht-and-outlook-analysis/)
About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)