Global Fish Protein Concentrate Market By Type (Туре А, Туре В, Туре с), By Source (Tuna, Salmon, Cod, Anchovy, Others), By Form (Powder, Liquid), By Application (Food and Beverages, Animal Feed, Dietary Supplements, Pharmaceuticals, Others) , Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Report Overview

The Global Fish Protein Concentrate Market size is expected to be worth around USD 259.3 Mn by 2033, from USD 128.2 Mn in 2023, growing at a CAGR of 7.3% during the forecast period from 2024 to 2033.

Fish Protein Concentrate (FPC) is a highly concentrated protein source derived from whole fish. Through a process that removes water and oil, the resultant product is a powder rich in proteins and essential amino acids. This makes FPC an ideal additive for enhancing the nutritional quality of various food products without significantly altering their flavor.

The Asia-Pacific region is witnessing rapid growth in the FPC market, primarily driven by increasing disposable incomes and a rising demand for high-quality protein sources. China is at the forefront of this expansion, fueled by supportive government policies that promote aquaculture and sustainable fishing practices.

By 2034, it is projected that China’s FPC market will reach a value of USD 619.0 million, accounting for a 29% share of the global market. This growth is indicative of the region’s significant potential and strategic importance in the FPC industry landscape.

In addition to China, other regions are also recognizing the value of sustainable fishing practices. Brazil, for example, has committed USD 135.17 million to develop public fishing ports. This investment aims to enhance fishery production and is expected to benefit approximately 59,000 artisanal fishermen, potentially increasing the supply and quality of raw materials for FPC production.

Similarly, Japan is implementing initiatives to increase local fish production by 13,000 tonnes annually, which could generate an estimated USD 65 million in revenue, further supporting the FPC market.

The demand for FPC is also strong in the U.S., Europe, and Japan, which collectively accounted for about 64% of global imports of fish and fish products as of 2016. This high demand underscores the established markets in these regions and their continuous need for high-quality protein sources.

Looking ahead, China’s FPC market is poised for significant growth, with an expected increase in market value of approximately USD 10.62 million by the end of 2033. This growth is a testament to the ongoing global shift towards more nutritious and sustainably sourced food products, positioning FPC as a key component in meeting the world’s protein needs.

Key Takeaways

• Fish Protein Concentrate Market size is expected to be worth around USD 259.3 Mn by 2033, from USD 128.2 Mn in 2023, growing at a CAGR of 7.3%.
• In 2023, Type A held a dominant market position, capturing more than a 41.2% share.
• Tuna held a dominant market position, capturing more than a 32.2% share.
• Powder held a dominant market position, capturing more than a 61.2% share.
• Food & Beverages held a dominant market position, capturing more than a 39.1% share.
• North America leads with a commanding 42.3% market share, amounting to USD 54.3 million.

By Type

In 2023, Type A held a dominant market position, capturing more than a 41.2% share. This segment benefits significantly from its broad applications across the food and beverage industry, where it is highly valued for its nutritional qualities. Type A Fish Protein Concentrate is extensively used to enhance the protein content in dietary products, making it a popular choice among manufacturers aiming to meet consumer demand for high-protein foods.

Type B, this segment is recognized for its specialized uses in the cosmetics and personal care industries. Type B is processed to maintain the integrity of its protein structure, which is essential for developing high-quality skincare and beauty products. Although it holds a smaller market share, Type B is poised for growth due to increasing consumer interest in organic and natural beauty products.

Type C is tailored for applications in animal feed and aquaculture diets. It is designed to be easily digestible and nutritionally rich, making it ideal for promoting growth and health in livestock and aquaculture operations.

The market for Type C is expanding as global demands for sustainable and efficient protein sources in animal feed continue to rise. This segment is expected to see increased investment and innovation, driven by the growing need to enhance feed efficiency and productivity in the agricultural sector.

By Source

In 2023, Tuna held a dominant market position, capturing more than a 32.2% share. Tuna is favored for its high-quality protein and widespread availability, making it a preferred choice for food and dietary supplements. This segment benefits from robust global fisheries that provide a stable supply of tuna, essential for consistent production of fish protein concentrate.

Salmon followed closely, valued for its rich content of omega-3 fatty acids alongside high protein levels. Salmon-based fish protein concentrate is particularly popular in nutritional supplements and health food products. With a focus on sustainability and health benefits, salmon continues to see strong demand in developed markets.

Cod is another key source, appreciated for its mild flavor and versatility. Cod-based protein is integral in both food applications and biomedical research, where its protein quality is critical. Despite facing challenges like fishing quotas, the cod segment maintains a significant market presence due to its longstanding reputation in the seafood industry.

Anchovy-based concentrates are notable for their cost-effectiveness and potent flavor, making them ideal for flavor enhancers and pet foods. Although smaller in market share, the anchovy segment is driven by strong catches in major fishing regions like Peru and the northern Atlantic.

By Form

In 2023, Powder held a dominant market position, capturing more than a 61.2% share. This form is highly favored due to its long shelf life and ease of transportation, which makes it suitable for a wide range of commercial applications, including dietary supplements and fortified food products.

The powder form’s popularity is further boosted by its convenience in handling, storage, and incorporation into various food formulations, making it a staple in the production of nutritionally enhanced foods.

The Liquid form of fish protein concentrate also plays a crucial role in the market, particularly valued for its application in beverage and liquid food markets.

Although it holds a smaller share compared to powder, liquid fish protein concentrate is essential for products where powder forms may not be suitable due to solubility or consistency requirements. This form is especially important in the manufacture of sports and wellness drinks where rapid absorption and ease of mixing are critical.

By Application

In 2023, Food & Beverages held a dominant market position, capturing more than a 39.1% share. This segment leverages fish protein concentrate to enhance nutritional value in a variety of products from bakery goods to beverages, appealing to health-conscious consumers seeking protein-enriched diets. The versatility and neutral flavor profile of fish protein concentrate make it an ideal additive in this sector, supporting trends towards healthier eating without compromising taste.

Animal Feed is another significant application, utilizing fish protein concentrate to improve the nutritional quality of feed for livestock and aquaculture. This segment benefits from the high amino acid content and digestibility of fish protein, promoting better growth rates and health in animals, which is critical for efficient farming operations.

Dietary Supplements form a crucial market, driven by the global rise in fitness and wellness culture. Fish protein concentrate is popular in this segment for its high protein efficiency ratio and the presence of beneficial omega-3 fatty acids, making it a sought-after ingredient in protein powders and health supplements.

In Pharmaceuticals, fish protein concentrate is used for its bioactive peptides and potential health benefits, including supporting muscle repair and immune system function. This application is growing as research continues to reveal the therapeutic properties of fish-derived proteins.

Key Market Segments

By Type

• Туре А
• Туре В
• Туре с

By Source

• Tuna
• Salmon
• Cod
• Anchovy
• Others

By Form

• Powder
• Liquid

By Application

• Food & Beverages
• Animal Feed
• Dietary Supplements
• Pharmaceuticals
• Others

Drivers

Government Support and Funding

One of the major driving factors for the Fish Protein Concentrate (FPC) market is the increased governmental support, particularly in the form of funding for alternative protein sources. The U.S. Department of Energy has released a Funding Opportunity Announcement targeting emissions reduction in the industrial sector, with a significant focus on alternative protein production, including plant-based, precision fermented, and cell-cultivated products.

This funding initiative provides between $500,000 to $7 million to support 3-8 projects, aiming to foster innovations that cost-effectively reduce greenhouse gas emissions in the food and beverage industry, which includes fish protein concentrate production​.

Market Demand and Nutritional Value

The rising global demand for sustainable and nutritionally rich protein sources continues to drive the FPC market. Fish protein, with its high protein content and essential amino acids, caters to various end-use sectors such as food & beverages, animal feed, and dietary supplements. This demand is underpinned by the growing consumer awareness about health and nutrition, further accelerating the adoption of FPC in various applications​.

Technological Advancements in Production

Advancements in technology that enhance the extraction and processing of fish protein also contribute significantly to market growth. Modern processing technologies that improve the yield and quality of fish protein concentrates are key to meeting the increasing market demand.

These technological improvements not only ensure the efficient use of fish resources but also enhance the functional characteristics of FPC, making it more appealing across different industries​.

Environmental Sustainability

Environmental sustainability initiatives also play a crucial role in supporting the fish protein concentrate market. The efficient use of by-products in the fish processing industry to produce FPC helps in reducing waste and promoting sustainable practices. Such initiatives are increasingly supported by governments and environmental organizations, adding to the growth of the market​.

Restraints

High Production Costs

One of the primary challenges facing the fish protein concentrate (FPC) market is the high cost of production. This sector requires complex and energy-intensive processes including cooking, pressing, drying, and processing of fish. Such procedures necessitate sophisticated equipment and involve substantial labor costs for sorting, cleaning, and processing of fish waste materials.

Additionally, the yield of fish protein concentrate from raw fish materials is relatively low, about 20-30%, which further inflates the production costs per unit. These factors combined make FPC less competitive against other protein sources, both animal- and plant-based, thus potentially limiting market growth​.

Environmental and Sustainability Concerns

Environmental sustainability is another significant challenge. The fish protein concentrate industry must navigate concerns related to overfishing and responsible sourcing. Maintaining sustainable fish stocks is crucial for the long-term viability of this market.

Stringent environmental regulations regarding waste disposal from fish processing plants add another layer of complexity and cost to production processes. These sustainability challenges are pivotal as they affect the entire supply chain, from sourcing to production, impacting market dynamics and potentially restraining market expansion​.

Market Competition and Alternative Proteins

The FPC market also faces intense competition from rapidly growing sectors like plant-based proteins, which are gaining favor due to rising health, ethical, and environmental consumer awareness. This shift has been particularly pronounced with the increasing popularity of vegan and vegetarian diets, which emphasize plant-derived proteins over animal-based sources, including fish​.

Technological and Operational Challenges

Operational challenges in processing and the need for continuous technological advancements to improve efficiency and reduce costs are ongoing. The industry must invest in innovation and embrace new technologies to enhance production methods and decrease overall costs, making the products more accessible and competitive in a diverse protein market​.

These factors collectively represent significant hurdles that could dampen the growth prospects of the fish protein concentrate market. Addressing these challenges effectively is crucial for companies operating within this space to secure a sustainable and profitable future.

Opportunity

Rising Demand in Health-Conscious Populations

The increasing awareness among consumers about the health benefits associated with fish protein concentrate, such as cardiovascular and cognitive health benefits, is driving its integration into the functional food and dietary supplements sectors. The protein’s bioactive and antioxidant properties, which aid in managing gastrointestinal conditions like irritable bowel syndrome, add to its appeal and usage across various health-oriented food products​.

Expansion in Personal Care and Beauty Products

Fish protein concentrate is also finding new applications in the personal care and beauty product sectors due to its high collagen content, which is beneficial for skin health. This application is expanding rapidly as consumers increasingly seek natural and effective ingredients in their skincare routines, further propelling market growth​.

Innovation and Diversification of Applications

The market is poised for further expansion through innovation, particularly in how fish protein concentrate is used in various products. There is a growing interest in developing new formulations that can incorporate fish protein into a broader range of food products, pharmaceuticals, and cosmetics, tapping into the clean label trend and the demand for sustainable, high-quality protein sources​.

Geographical Expansion

Significant growth opportunities are emerging in regions like North America, where there is a substantial consumption of dietary supplements, and in Asia Pacific, which is seeing an increase in the consumption of high-protein diets. These regions present vibrant opportunities for market expansion due to their developed and expanding food and beverage industries, along with a growing awareness of nutritional diets.

Trends

Increasing Use in Cosmeceuticals

One of the most notable trends in the fish protein concentrate market is its growing use in the cosmetics and personal care industry. The significant collagen content in fish protein concentrate aids in skin tightening and anti-aging, which has led to its increased adoption in beauty products.

The development of new cosmeceutical products leveraging marine proteins and peptides, derived from the enzymatic hydrolysis of fish, is expanding the scope of fish protein concentrate applications further​.

Dominance of Powder Form

Fish protein concentrate in powder form is increasingly popular due to its ease of use, storage, and incorporation into various food and pharmaceutical products. Powdered fish protein concentrate offers several advantages over its liquid counterpart, including better stability, longer shelf life, and ease of transport, which reduces risks of spillage and leakage. This form is versatile enough to be mixed seamlessly into baked goods, sauces, dressings, and nutrition products without altering their texture or consistency​.

Focus on Fortified Foods

The food and beverage sector is significantly impacted by the rising consumer demand for fortified foods. Fish protein concentrate is being extensively used to enhance the nutritional profile of dairy products, meat items, and culinary preparations. Its application extends to the fortification of snacks and commercial beverages, driven by consumer preferences for healthy, sustainably-sourced ingredients​.

Geographical Expansion

North America continues to dominate the market due to its advanced food processing industry and high consumer spending on nutritional and wellness products. However, the Asia Pacific region is emerging as a fast-growing market for fish protein concentrate.

This growth is supported by rising health consciousness, increasing disposable incomes, and the extensive availability of raw materials. Countries like China, India, Indonesia, and Vietnam are seeing increased use of fish protein concentrate due to their large populations and growing demand for high-quality protein sources​

Regional Analysis

North America leads with a commanding 42.3% market share, amounting to USD 54.3 million. The region’s dominance is bolstered by advanced food processing technologies and a high consumer propensity for dietary supplements and health-centric food products. North America’s well-established seafood processing infrastructure and stringent food safety regulations further reinforce its market position.

In Europe, the FPC market is driven by increasing consumer awareness about sustainable food sources and the high demand for nutritional enhancement in food products. Europe’s focus on health and wellness, coupled with its strict regulatory environment, supports the incorporation of FPC in various food applications, positioning it as a key player in the regional market.

Asia Pacific is projected as the fastest-growing region, fueled by rising disposable incomes and expanding urbanization. The region’s large population base, coupled with growing health awareness, particularly in countries like China and India, drives the demand for nutritional supplements and functional foods, making it a significant growth area for FPC.

The Middle East & Africa region shows potential due to its increasing investment in food processing and preservation technologies. Although it represents a smaller portion of the global market, the growing urban middle class and heightened health awareness are likely to stimulate the demand for FPC in this region.

Latin America, with its burgeoning food and beverage industry, also presents opportunities for the FPC market. The region’s rich biodiversity and the availability of fish stocks provide a robust base for the production of fish protein concentrate, supporting local consumption and export potential.

Key Regions and Countries

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Key Players Analysis

The Fish Protein Concentrate (FPC) market is robust and diverse, with a wide array of key players spanning multiple continents, each contributing to the industry’s growth with unique strategies and product offerings.

Companies such as Scanbio Marine Group, Colpex International, and BioOregon Protein are notable for their established presence in the market, providing high-quality fish protein products that cater to both food and feed industries.

These players have harnessed sophisticated processing technologies to ensure that their FPC products meet stringent quality standards and regulatory requirements, thereby facilitating their use in a variety of applications including food supplements, animal feeds, and even cosmeceuticals.

Omega Protein and Hofseth BioCare are particularly distinguished for their innovations in refining and marketing fish proteins that support health and wellness in human diets and animal nutrition.

Their operations are complemented by regional players like Apelsa Guadalajara in Latin America and Aroma NZ in New Zealand, which leverage local fish resources and ecological strategies to produce FPC tailored to specific market needs. The diversity in geographical reach and technological capability among these companies helps in addressing the growing global demand for sustainable and high-quality protein sources.

Meanwhile, Asian firms such as Qingdao Future Group, Shandong Fukui Foodstuff, and Zhejiang NHU emphasize the scale of production, tapping into vast local marine resources to produce FPC at competitive costs.

These companies are pivotal in meeting the protein needs of rapidly growing populations in the Asia-Pacific region. With advancements in food technology and rising health consciousness globally, these key players are poised to expand their market share by innovating and improving the functional benefits of fish protein concentrates, thereby driving forward the global FPC market.

Top Key Players in the Market

• 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
• Zhejiang NHU

Recent Developments

In 2023, Scanbio utilizes a controlled hydrolysis process that maximizes the nutritional value of their concentrates.

In 2023 Colpex International has been a notable player in the Fish Protein Concentrate (FPC) market, particularly noted for its robust engagement.

Report Scope