Fish protein concentrate is a high protein ingredient that is extracted from fish meals or fresh fish. It is vital for human consumption and is highly enriched with protein content. It is available in both powdered and liquid form. This protein concentrate finds a large number of applications in the pharmaceutical, dietary supplement, and food & beverage sectors. The fish protein, unlike other protein concentrates, offers all the essential amino acids that are required for the healthy functioning of human health.
The upsurge in the consumption of high protein food products among consumers escalates the growth of the global fish protein concentrate market. In addition, the rise in demand for sports nutrition further compliments the growth. The growing health consciousness among consumers is significantly propelling the demand for seafood and functional foods all across the globe. The global market consists of a large number of products that provide a ready-made strength-enhancing diet. The growing incidences of severe illness like diabetes along with lack of physical exercise among people all across the globe are likely to promulgate the growth in demand for fish protein concentrates all across the globe. The fish protein is also expected to emerge as a preferential option due to the flavor of fish protein concentrates. However, such surging demand for fish protein among consumers is likely to create several lucrative growth opportunities in the market.
The global fish protein concentrate market can be segmented into end-user, form, type, and region.
By end-user, the market can be segmented into biomedical application, animal feed, cosmetic & personal care, food processing, and others. The cosmetic & personal care segment accounts for the largest share in the global market owing to the fact that fish skin left over is a very good source of collagen and gelatin.
By form, the market can be segmented into liquid and powder. The powdered form segment holds the largest share in the global fish protein concentrate market due to the high demand for powdered dietary supplements among fitness enthusiasts all across the globe.
By type, the market can be segmented into type C, type B, and type A.
North America accounts for the largest share in the global fish protein concentrate market due to the growing trend of consumption of protein dietary supplements among people in the region. Moreover, the growing concentration on sports nutrition among athletes and sports enthusiasts is further likely to propel the growth of the regional market in the forthcoming years.
Asia Pacific is expected to witness a steady growth rate during the forecast period due to the high consumption of seafood in the region.
Some of the significant players in the global fish protein concentrate market are Mukka Seafood Industries Limited, Shenzhen Taier Biotechnology Co. Ltd., Scanbio Marine Group AS, New Alliance Dye Chem Pvt. Ltd., Janatha Fish Meal & Oil Products, Colpex International Inc., Bio-Oregon Protein, Bevenovo Co. Ltd., and Apelsa Guadalajara S.A. de C.V. To cite, Amway and Herbalife in 2017 had introduced Omega 3 fatty acid DHA & EPA, a fish protein concentrate dietary supplement. It is considered to be very beneficial for joint pain, mind work, and heart well-being.