Global Fish Protein Concentrate Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

• In November 2022, Hofseth BioCare ASA reported a remarkable year-on-year revenue growth of 105%. This impressive increase can be attributed to the company's strategic partnerships with several new processors in the salmon industry, which have significantly enhanced its access to salmon for production purposes.

• In August 2019, Incontech PTE Ltd., launched a tri-peptide collagen supplement in the jelly packs form in Singapore to offer convenient and efficient products to the consumers. It will also aid in expanding the company’s consumer bas across the Asia Pacific.

This report extensively covers different segments of Global Fish Protein Concentrate Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).

Global Fish Protein Concentrate Segment Analysis

In this report, the Global Fish Protein Concentrate Market has been segmented by Form, Type, End-User and Geography.

Global Fish Protein Concentrate Market, Segmentation by Geography

In this report, the Global Fish Protein Concentrate Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Fish Protein Concentrate Market Share (%), by Geographical Region, 2024

In North America, the dominance of the fish protein concentrate (FPC) market is bolstered by the widespread consumption of FPC as protein-rich dietary supplements, contributing to the overall health and wellness of consumers. The region's extensive imports of fish and fish products, particularly in the U.S., Europe, and Japan, underline the substantial demand for seafood-based products, including FPC. Moreover, the increasing emphasis on fitness and healthy weight management further propels the consumption of FPC, driving market growth in the region. With consumers increasingly prioritizing protein intake and nutritional supplementation, North America is poised to maintain its significant share in the global FPC market, supported by a robust consumer base and evolving dietary preferences.

The Asia Pacific region emerges as a promising frontier for the FPC market, positioned to witness rapid growth driven by several key factors. As one of the largest producers of fish and fish products globally, with China leading the pack followed by India, Vietnam, and Bangladesh, the region boasts abundant raw materials for FPC production. Moreover, the availability of easy labor and favorable economic conditions further augment the region's potential for market expansion. With a burgeoning population and increasing disposable incomes, coupled with a growing awareness of the health benefits associated with protein-rich diets, Asia Pacific presents lucrative opportunities for FPC manufacturers and suppliers to capitalize on the burgeoning demand for nutritious food and dietary supplements.

This report provides an in depth analysis of various factors that impact the dynamics of Global Fish Protein Concentrate Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunities

Drivers:

• Growing Demand for High-Protein Foods
• Technological Advancements in Processing Techniques

• Expansion of Aquaculture Industry: The rapid expansion of the aquaculture industry has been pivotal in meeting the ever-increasing global demand for seafood. With wild fish stocks under pressure from overfishing and environmental concerns, aquaculture has emerged as a sustainable solution to fulfill the protein needs of a growing population. One significant advantage of aquaculture is the generation of substantial by-products during fish processing, such as trimmings, heads, and frames, which would otherwise go to waste. Fish protein concentrate, derived from these processing by-products, presents a sustainable and cost-effective protein source for various applications.

  As the aquaculture industry continues its expansion trajectory, driven by technological advancements, improved farming practices, and increasing investment, the availability of raw materials for fish protein concentrate production also grows. This symbiotic relationship between aquaculture and fish protein concentrate production not only minimizes waste but also enhances resource utilization efficiency within the seafood processing sector. Furthermore, the scalability and adaptability of fish protein concentrate production facilities enable them to align with the dynamic needs of the aquaculture industry, ensuring a steady and reliable supply of raw materials for protein concentrate production. Thus, the ongoing growth of the aquaculture sector holds significant promise for the continued expansion and sustainability of the fish protein concentrate market.

Restraints:

• Regulatory Challenges
• Allergen Concerns

• Competition from Alternative Protein Sources: The fish protein concentrate market faces increasing competition from alternative protein sources, including plant-based proteins, insect proteins, and other animal-derived proteins. These alternatives have gained traction among consumers due to their perceived health benefits, environmental sustainability, and alignment with various dietary preferences and restrictions, such as vegetarianism, veganism, and halal or kosher diets. Manufacturers of fish protein concentrate need to differentiate their products by emphasizing key attributes such as quality, sustainability, and taste. Quality assurance measures, such as ensuring consistent protein content and purity, are essential to meet consumer expectations and maintain trust in the product. Additionally, highlighting the sustainability of fish protein concentrate production, particularly its utilization of fish processing by-products to minimize waste, can appeal to environmentally conscious consumers seeking eco-friendly protein options.

  Enhancing the taste profile of fish protein concentrate through flavor innovations and product formulations can broaden its appeal to a wider consumer base. By investing in research and development efforts to improve taste and texture, manufacturers can overcome taste barriers associated with fish-derived products and enhance consumer acceptance. Transparent labeling and certification schemes can help consumers make informed choices and differentiate fish protein concentrate from competing alternatives. Certifications verifying sustainable sourcing practices or ethical production standards can instill confidence in the product's origins and manufacturing processes, thereby enhancing its market competitiveness.

Opportunities:

• Rising Demand for Functional Foods
• Emerging Markets in Asia-Pacific

• Focus on Sustainable and Ethical Sourcing: By adopting transparent supply chain practices that highlight the sustainability and ethical sourcing of their fish protein concentrate. Communicating the origin of raw materials and detailing the production process can build trust and credibility with consumers who prioritize environmental and ethical considerations. Additionally, investing in certifications from reputable organizations, such as Marine Stewardship Council (MSC) or Aquaculture Stewardship Council (ASC), can provide independent verification of sustainable sourcing practices, further enhancing consumer confidence in the product.

  Engaging in corporate social responsibility initiatives and partnerships with environmental organizations can demonstrate a commitment to sustainability beyond product offerings. For example, collaborating with NGOs to support marine conservation efforts or investing in community development projects in fishing communities can reinforce the brand's dedication to environmental stewardship and ethical business practices.

  Leveraging digital platforms and social media channels to share stories about the company's sustainability initiatives and ethical sourcing practices can resonate with consumers who value transparency and authenticity. By engaging with consumers on these platforms and fostering open dialogue, manufacturers can build strong relationships with their target audience and cultivate a loyal customer base.

Key players in Global Fish Protein Concentrate Market include

• Colpex International, Inc.,
• BioOregon Protein, Inc
• Scanbio Marine Group AS
• Advance International, Inc
• Ingredients, Inc

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis