Fish Protein Market

Surge in demand of fish protein in pharmaceutical & cosmetics industry, rise in demand for organic animal feed are the major factor propelling the market growth

PORTLAND, OR, UNITED STATES, November 25, 2021 /EINPresswire.com/ -- Fish Protein Market by Type (Fish Protein Concentrate (FPC), Fish Protein Hydrolysate (FPH), and Fish Protein Isolate (FPI)) and Application (Animal Feed, Pharmaceuticals, and Cosmetic): Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global fish proteins industry was estimated at $3.19 billion in 2019 and is expected to hit $4.20 billion by 2026, registering a CAGR of 4.0% from 2019 to 2026.

Drivers, restraints, and opportunities-

Rise in demand of fish protein in pharmaceutical and cosmetics industry, increase in demand for organic animal feed due to growing awareness about toxic effects of chemical based animal feed products, and surge in demand for fish protein in the poultry feed industry drive the growth of the global fish protein market. On the other hand, high cost of fish protein, and low direct intake of fish-based protein impedes the growth to certain extent. However, rise in adoption of Fish Protein Hydrolyzed (FPH) collagen in nutritional cosmetics have created a number of opportunities for the key players in the industry.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6280

The Fish Protein Concentrate (FPC) segment to retain its dominance by 2026-

Based on type, the Fish Protein Concentrate (FPC) segment accounted for more than half of the global fish protein market share in 2019, and is expected to dominate throughout the forecast period. This is attributed to rise in health awareness of fish protein and surge in demand of fish meal as poultry feed. On the other hand, the Fish Protein Hydrolysate (FPH) segment is anticipated to grow at the fastest CAGR of 4.9% by 2026. This is due to upsurge in demand for fish protein in cosmetic industry.

The animal feed segment to maintain the lion's share during the study period-

Based on application, the animal feed segment contributed to nearly three-fourths of the global fish protein market revenue in 2019, and is anticipated to rule the roost during 2019–2026. This is attributed to the health benefits of fish protein in animal feed. On the other hand, the pharmaceutical segment, would showcase the fastest CAGR of 5.3% till 2026. The rise in demand of fish protein for wide range of pharmaceutical products and its uses in various medical applications, such as treatment of patients suffering from malnutrition, specific disorders of absorption, digestion, amino acid metabolism, and burns drives the growth of the segment.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6280

Europe, followed by North America held the major share in 2019-

Based on geography, Europe held the highest share in 2019, generating more than one-third of the global fish protein market. This is attributed to increasing the application of fish protein in animal feed as well as cosmetic industry. On the other hand, North America held the second largest share in 2019, contributing to more than one-fourth of the total market share. Simultaneously, the region across Asia-Pacific would cite the fastest CAGR of 5.6% during the estimated period. This is due to the rise in awareness of fish meal as poultry feed.

Key market players-

Aroma NZ
Bevenovo Co
Apelsa Guadalajara
Mukka Seafood Industries
BioOregon Protein Limited
Qingdao Future Group
Nutrifish
New Alliance Dye Chem Pvt. Ltd
Scanbio Marine Group
Taian Health Chemical Co., Ltd

Get detailed COVID-19 impact analysis on the Fish Protein Market: https://www.alliedmarketresearch.com/request-for-customization/6280?reqfor=covid

Similar Reports:
Egg Protein Market Expected to Reach $38,905.9 Million by 2026
Global Fin Fish Market is Expected to Reach $238,520 Million by 2025

Upcoming Reports:
Fish Processing Market: https://www.alliedmarketresearch.com/fish-processing-market
Fishery Machinery Manufacturing Market: https://www.alliedmarketresearch.com/fishery-machinery-manufacturing-market
Cod Fish Market: https://www.alliedmarketresearch.com/cod-fish-market-A07081
Fish Oil Omega-3 Market: https://www.alliedmarketresearch.com/fish-oil-omega-3-market-A07082

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Avenue.! An Online Subscription Based Library of Reports - Allied Market Research

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.