Fish Protein Isolates Market Share, Size | Industry Report 2028

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Fish Protein Isolates Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Form (Powder and Liquid) and Application (Pharmaceuticals & Nutraceuticals, Food & Beverages, Personal Care, and Animal Nutrition)

Publication Month: Nov 2022 | Report Code: TIPRE00029779 | No. of Pages: 124 | Category: Food and Beverages | Status: Published

The fish protein isolates market size is expected to reach US$ 1,534.01 million by 2028; it is expected to grow at a compound annual growth rate of 4.4% from 2022 to 2028.

Fish protein isolate is produced by solubilizing fish protein in alkaline conditions and isoelectric precipitation to produce fish protein isolate with functional properties. The demand for fish protein isolates is increasing from various end use industries such as food & beverages, pharmaceuticals & nutraceuticals, personal care, and animal nutrition. The need for fish protein isolates in food & beverages is also growing owing to their incorporation in cereals, protein bars, infant formula, and other fortified food products to improve their nutritional profile for optimal health development. Further, the increasing demand for functional foods, nutritionally enhanced with omega-3 fatty acids, reduced sodium, and high protein content, will fuel the fish protein isolate market growth.

In 2021, North America held the largest share of the fish protein isolates market; however, Asia Pacific is estimated to register the highest CAGR during the forecast period. According to Food and Agriculture Organization 2020 report, Asia Pacific is a significant global aquaculture production market. Bangladesh, China, India, Indonesia, Myanmar, the Philippines, the Republic of Korea, Thailand, and Vietnam are among the major aquaculture producers. The markets for nutraceutical products, functional food & beverages, and dietary food supplements registered significant growth in Asia Pacific in the past few years. Consumer awareness regarding antiaging, weight management, and other health concerns is rapidly increasing in the region. Thus, the increased consumption of naturally sourced protein, such as fish protein isolate, has encouraged producers to develop fish protein isolate fortified products.

Strategic Insights

Report Coverage - Fish Protein Isolates Market
Report CoverageDetails
Market Size Value inUS$ 1,187.04 Million in 2022
Market Size Value byUS$ 1,534.01 Million by 2028
Growth rateCAGR of 4.4% from 2022 to 2028.
Forecast Period2022-2028
Base Year2022
No. of Pages124
No. of Tables59
No. of Charts & Figures69
Historical data availableYes
Segments coveredForm, and Application
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Impact of COVID-19 Pandemic on Fish Protein Isolates Market

The imposition of lockdowns, travel restrictions, and business shutdowns due to the COVID-19 pandemic hindered economies and industries in various countries of North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA). These shutdowns disrupted global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies announced possible delays in product deliveries and a slump in future sales of their products in 2020. Further, the bans imposed by various governments of countries in Europe, Asia Pacific, and North America on international travel forced several companies to discontinue their collaboration and partnership plans. All these factors hampered the food & beverages, personal care, and animal nutrition industries in 2020 and early 2021, which restrained the growth of various markets related to this industry, including the fish protein isolates market.

The COVID-19 pandemic negatively impacted the supply chains of various industries due to lockdowns and border restrictions imposed by governments of European countries. European manufacturers suffered significant economic losses during the first wave of the COVID-19 outbreak due to labor shortages. Moreover, disruption in supply chains caused raw material shortages. Due to the disruptions in the supply chain of raw materials and shut down of manufacturing units, the fish protein isolates manufacturers could not meet the growing demand for their products, creating a demand and supply gap. This factor hampered the profitability of the manufacturers in Europe during the initial months of the COVID-19.

Fish Protein Isolates Market Breakdown, by Region

Fish Protein Isolates Market Breakdown, by Region

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Market Insights

Strategic Developments by Key Players to Drive Fish Protein Isolates Market during Forecast Period

In June 2021, Biomega Group AS, a leading biosciences company producing high-quality ingredients for the global health and nutrition sectors, partnered with Quality Salmon Sotenäs AB, owned by Norwegian-owned Lighthouse Finance AS, to invest in Quality Salmon Industry Park, located in Sotenäs, Sweden. Companies are expanding their production capabilities to meet the rising demand for fish protein isolates across the world. Such strategies are expected to fuel the fish protein isolates market growth during the forecast period.

Form Insights

Based on form, the fish protein isolates market is bifurcated into powder and liquid. The powder segment held the largest market share in 2021 and is expected to register the highest CAGR from 2022 to 2028. The powder fish protein isolate is obtained from liquid fish protein isolate. The fish protein isolate is spray-dried to obtain a powder with a neutral odor and good solubility. It has reduced the risk of spillage during manufacturing operations. The powder form of fish protein isolate offers several benefits such as storage stability, easy transportation, and no requirement for special storage conditions.

Fish Protein Isolates Market, by Form – 2022 and 2028

Fish Protein Isolates Market, by Form – 2022 and 2028

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Source Insights

Based on application, the fish protein isolates market is segmented into food and beverages, pharmaceuticals and nutraceuticals, personal care, and animal nutrition. The pharmaceuticals and nutraceuticals segment held the largest market share in 2021. However, the food and beverages segment is projected to register the highest CAGR during the forecast period. Pharmaceutical and nutraceuticals with fish protein isolate are consumed for improving heart health and maintaining brain health. The fish protein isolate is a rich source of omega 3, 6, and 9 fatty acids and has several antioxidant properties. These nutrients improve insulin sensitivity, which helps keep the body in an anabolic state and reduce body fat without risking muscle loss. Omega-3 helps the body store carbohydrates within muscles, which directly impacts muscle growth. Therefore, fish protein isolates are utilized in health and dietary supplements, sports nutrition, infant formula, and other products. 

Advance International Inc, Bio-marine Ingredients Ireland Ltd, PeterLabs Holdings Sdn Bhd, Hofseth BioCare ASA, Sopropeche SA, Copalis Industry SAS, and Biomega Group AS are a few of the major players operating in the fish protein isolates market. These companies mainly focus on product innovation to expand their market size and follow emerging market trends. Such products are expected to gain high traction among consumers during the forecast period.

Report Spotlights

  • Progressive industry trends in the fish protein isolates market to help companies develop effective long-term strategies
  • Business growth strategies adopted by the fish protein isolates market players in the developed and developing countries
  • Quantitative analysis of the market from 2022 to 2028
  • Estimation of global demand for fish protein isolates
  • Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers in the fish protein isolates market
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook, as well as factors driving and restraining the growth of the fish protein isolates market
  • Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
  • Size of the fish protein isolates market at various nodes
  • Detailed overview and segmentation of the market, as well as the fish protein isolates industry dynamics
  • Size of the fish protein isolates market in various regions with promising growth opportunities

Frequently Asked Questions

The major players operating in the global fish protein isolates market are Advance International Inc; Bio-marine Ingredients Ireland Ltd; PeterLabs Holdings Sdn Bhd; Hofseth BioCare ASA; Sopropeche SA; Copalis Industry SAS; and Biomega Group AS.
Fish is a protein-rich product containing low cholesterol; therefore, the demand for fish and fish-related products has increased globally. The fishery industry is growing due to improved aquaculture production, lower prices, changing cultural preferences, and surging demand for fish and seafood. The increasing number of fisheries resulted in a large volume of fish waste, which is processed and used to manufacture fish protein isolates. Thus, an increasing number of fisheries around the globe is expected to provide lucrative growth opportunities to the fish protein isolates market.
Based on form, powder segment mainly has the largest revenue share. The growth of the segment is attributed to various benefits such as practical application, stable during storage, and does not require special storage conditions. In addition, the demand for powder form fish protein isolates have increased from various end use industries such as pharmaceuticals and nutraceuticals, food and beverages, personal care and animal nutrition owing to reduced its neutral odor and good solubility.
North America accounted for the largest share of the global fish protein isolates market. North America is one of the most significant regions for the fish protein isolates market due to the increasing demand for protein rich food products, and rising awareness regrading health benefits of fish protein isolates. In addition, increasing consumption of fish protein isolates as protein rich dietary supplements to boost the overall health of the consumers is expected to surged the growth in North America.
Based on the end user, food and beverages segment is projected to grow at the fastest CAGR over the forecast period. Fish protein isolates possess functional properties such as water-holding capacity, gelation, foam stability, and emulsion capacity. It is used in applications such as emulsification, gelling agents, and nutritional supplements. The fish protein isolate is utilized in the production of fortified and functional food products and ready-to-eat products. Moreover, it is used in the production of edible films, dipping solution before breading fillets and binding applications.
The demand for protein-rich food products is increasing in the global food & beverages industry, owing to the surge in the number of health-conscious consumers, rising disposable income, and growing consumer awareness. The consumption of fish protein isolates offers various health benefits, including a healthy heart and brain. Protein-rich food products reduce appetite and hunger, increase muscle mass and strength, reduce cravings, boost metabolism, and help maintain weight loss. Further, the antioxidant and bioactive properties of fish protein isolate aid in relieving several gastrointestinal issues, such as irritable bowel syndrome. Also, the fish protein isolate is easily soluble in food products and is highly suitable for human consumption. Moreover, rising disposable income, increasing population, and surging literacy rates, coupled with increasing awareness among people, are also indirectly contributing to market growth.

The List of Companies - Fish Protein Isolates Market

  1. Advance International Inc
  2. Bio-marine Ingredients Ireland Ltd
  3. PeterLabs Holdings Sdn Bhd
  4. Hofseth BioCare ASA
  5. Sopropeche SA
  6. Copalis Industry SAS
  7. Biomega Group AS
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global fish protein isolates market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
TIPRE00029779
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