Dublin, July 08, 2024 (GLOBE NEWSWIRE) — “Global Fish Protein Isolates Market: Analysis by Form, Application, Region, Size, Trends and Forecast to 2029” document has been added to researchandmarkets.com render.
The global fish protein isolates market was valued at US$948.56 million in 2023, and is expected to reach US$1.34 billion in 2029. The global fish protein isolates market is expected to grow at a CAGR of 5.82% during 2024. 2029.
Several features are shaping the age of the fish protein isolates market. A notable development is the point of interest on sustainability and ethical sourcing. As concerns grow about overfishing and environmental impact, companies are increasingly adopting sustainable fishing practices and looking for certifications such as Marine Stewardship Council (MSC) to attract environmentally conscious customers. Is doing. Innovation in the use of fish by-products is also gaining momentum, with producers exploring strategies to extract protein from parts of the fish that are typically discarded, thus reducing waste and improving overall yield. May go.
Another emerging development is the improvement of custom designed fish protein isolates for special packages. Advances in processing technologies are enabling the establishment of FPIs with customized functionalities, such as increased solubility for beverages or specialized amino acid profiles for targeted dietary benefits. This customization is riding innovation in product formulation and increasing package length for FPIs in the food and vitamin sectors.
The Fish Protein Isolates market is characterized by intense competition, driven by a mix of established business veterans and cutting-edge newbies. This dynamic market position is fueled by increasing customer demand for high quality, sustainable protein assets. Corporations are leveraging cutting-edge applied science, strategic partnerships, and rigorous analysis and manufacturing to gain an aggressive edge. Leading avid gamers are regularly improving their product options and expanding their global footprint through market actions, new product trends, and mergers and acquisitions.
This competitive ground has become even sharper through increased emphasis on status and well-being, sustainability and technological advances, forcing companies to innovate and differentiate themselves to gain market share and meet the growing desires of customers. Being forced.
North America ruled the fish protein isolates market in 2023, driven by increasing approval for high-protein diets and growing demand for natural and sustainable food products. The US and Canada are key markets where consumers show strong desire for clean-label and natural products. The rising trend and health development, along with significant increase in status and sports activities, is boosting the demand for protein supplements and useful foods including fish protein isolates.
The North American market can be characterized by a tremendous level of product innovation, with companies developing new packages and formulations for fish protein isolates. The presence of complex food processing industries and a powerful retail community additionally helps in the expansion of the market. Additionally, stricter laws related to food preservation and specialty are driving producers to adopt regulatory standards, which strengthens consumer acceptance and market expansion.
Asia Pacific is the fastest growing region for fish protein isolates. This expansion is driven through several factors, including the pocket’s abundant aquaculture industry, which provides a steady supply of raw materials. Countries such as China, Republic of India, Japan and Thailand are major producers and consumers of fish products, with the cultural desire for fish-based diets contributing to the captive demand. The emerging cardiovascular aesthetics and rising non-refundable earnings in these countries are boosting the consumption of health and wellness products including protein supplements. Additionally, the craze for nutritious eating and health is gaining momentum in urban farms, which is also increasing the demand for fish protein isolates. Furthermore, executive activities to support seafood trade and strengthen food security are promoting market expansion in the region.
China’s fish protein isolates market is growing unexpectedly, fueled by the country’s huge aquaculture trade and cultural emphasis on fish consumption. The federal government’s focus on food safety and nutrition along with investments in modernization of the food processing industry helps the market expand. The trend towards urbanization and busy lives is increasing the demand for convenient, high-protein food options, such as ready-to-eat foods and snacks enriched with fish protein isolates.
Market Segmentation Research:
Via Mode: The worldwide fish protein market can be segregated through mode which can be broadly divided into two segments, powder and liquid.
The powdered fish protein isolates segment ruled the market in 2023 and is expected to grow at the fastest CAGR during the forecast period. Fish protein isolates in powder mode are extremely common due to their low shelf life, long shelf life and flexibility. The powder mode is particularly tremendous for its stability and comfort in transport and depot. It can be easily incorporated into a wide range of food products, such as protein bars, dietary supplements, meal replacements and bakery pieces.
Via Utility: The worldwide fish protein isolate market by means of software can be broadly divided into four segments, namely food and beverages, prescribed drugs and nutraceuticals, animal vitamins and others.
The food and beverage segment ruled the market in 2023. The food and drinks section is an important software section for fish protein isolates. FPIs are valued for their superb protein content and useful properties, making them ideal for enriching various food products such as meat analogues, dairy alternatives, soups and sauces.
Expansion in this segment is driven by increasing consumer demand for high-protein diets and clean-label products. Status-conscious consumers are looking for herbal and minimally processed ingredients, and FPI is fully compatible with this development. The prescription drugs and nutraceuticals segment is projected to grow at the fastest CAGR during the forecast period.
The expansion in this segment is driven by increasing awareness of the health benefits associated with fish protein such as cardiovascular support, weight control and anti-inflammatory effects. The demand for nutraceuticals containing FPI is increasing due to aging families and increasing incidence of lifestyle-related diseases in the world.
Impact of COVID-19 on research and future outlook:
The COVID-19 pandemic has significantly impacted the fish protein isolates market across the globe. The economic slowdown and reduced consumer spending due to the pandemic have led to a decline in demand for fish protein isolates. Additionally, the pandemic has caused disruptions in the global supply chain, affecting the supply and characterization of fish protein isolates. Lockdowns and progress restrictions have also hampered transportation of fish protein isolates, further exacerbating supply chain problems.
Additionally, the pandemic has led to increased consumer awareness of health and nutrition, driving demand for healthy foods and supplements, including fish protein isolates. Despite those difficult conditions, the market is expected to improve as the global economy stabilizes and consumers’ individual tastes shift toward more healthy options.
In the post-Covid situation, the global fish protein isolates market is expected to witness resurgence through multiple factors. The end of the pandemic has coincided with a shift in consumer tastes toward home-cooked meals and a greater emphasis on status and well-being. This has led to a greater demand for fish protein isolates in the food and beverage industry, especially in powder form, which is certainly adaptable and healthy.
Main characteristics:
file quality | main points |
Wrong. of pages | 125 |
forecast length | 2024 – 2029 |
Estimated market value in 2024 (USD). | $1.01 billion |
Estimated market value by 2029 (USD). | $1.34 billion |
Compound Annual Extension Fee | 5.8% |
lined area | international |
market dynamics
extension driver
- Emerging demand for protein-rich food products
- Technological Developments in Fish Protein Isolates Processing
- Emerging consumer consciousness towards sustainable and herbal products
- Growing appreciation for healthy foods and dietary supplements
demanding situations
- emerging vegans
- top value of manufacturing
market development
- e-commerce expansion
- personalized vitamins
- Extra Protein and Flexitarian Diet
- status and vitamin development
- Emerging demand in non-public support business
Aggressive Soil:
- Peterlabs Holdings Berhad
- Colpex Global SAC
- Bio-Marine Goods Eyre Limited
- Sopropeche S.A.
- Omega Protein Company
- Go Ahead Global Inc.
- Janatha Fish Meal and Oil Goods
- Triplenine Workforce A/S
- Titan Biotech banned
- copalis business
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