Fish Protein Isolates Market Size - By Application (Food, Beverages, Animal Feed, Cosmetic & Personal Care, Pharmaceuticals), Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Convenience Stores, Online Retail), Form & Forecast, 2023 – 2032

Fish Protein Isolates Market Size

Fish Protein Isolates Market size was valued at USD 660.7 million in 2022 and is estimated to witness 7.3% CAGR from 2023 to 2032. The market is experiencing a surge in demand due to several factors, including increased global awareness of the health benefits of fish consumption, growing trend toward high-protein diets, and preference for sustainable and eco-friendly protein sources.
 

Fish protein isolates are gaining appeal among health-conscious customers and fitness enthusiasts due to their outstanding amino acid profile and nutritional richness. Furthermore, the growing desire for alternative protein sources, particularly in the context of the developing plant-based and flexitarian dietary trends, presents fish protein isolates as a flexible and sought-after component, driving substantial market growth.
 

The fish protein isolates market has considerable revenue growth constraints due to heavy competition from alternative protein sources. The market for fish protein isolates is competing with replacements such as soy protein, pea protein, and other plant-based protein choices as customer tastes change toward plant-based and alternative protein sources. The rising popularity of vegetarian and vegan diets, which are motivated by ethical considerations, environmental concerns, and health-conscious choices, has resulted in an increase in demand for non-animal protein sources. Furthermore, these alternative protein sources sometimes include sustainability claims and are regarded to be more ecologically friendly.
 

COVID-19 Impact

The COVID-19 pandemic has had a substantial influence on the fish protein isolates market, including supply chain disruptions, reduced production capacity, and changes in consumer behaviour. Lockdowns, limitations, and safety concerns hampered fishing operations and processing facilities, reducing the availability of raw materials for the manufacturing of fish protein isolate. Furthermore, the closure of restaurants and the hospitality industry has resulted in a shift in customer preferences toward home-cooked meals, which has impacted demand for processed and convenience food products containing fish protein isolates.
 

Fish Protein Isolates Market Trends

The market for fish protein isolates has been characterized by rising consumer demand for sustainable and alternative protein sources. With a growing awareness of the environmental effect of traditional animal agriculture, fish protein isolates are gaining popularity as a viable and environmentally benign protein choice. With fish protein isolates becoming recognized for their high nutritional value and possible uses in various food and beverage items, the industry has seen a growing emphasis on clean-label and natural goods. Furthermore, advancements in processing technology and product formulations have enhanced flavor, texture, and functioning, increasing the applicability of fish protein isolates in the food industry.
 

Fish Protein Isolates Market Analysis

Based on form, the powder form segment dominated around USD 564.1 million revenue in 2022. Fish protein isolates are a rich source of omega-3 fatty acids and essential amino acids. They are obtained from a variety of fish species. Protein bars, smoothies, and snacks are just a few of the food and beverage products that might benefit from their powder form's adaptability. Fish protein isolates in convenient powder form are in high demand because of the growing popularity of fitness and wellness lifestyles and the awareness that eating fish has health benefits. This meets the needs of consumers who are looking for protein options that are easily adaptable, sustainable, and nutritious.
 

Based on application, the food application segment accounted for 42.4% of the fish protein isolates market share in 2022. Fish protein isolates are experiencing a growing demand in the food industry due to their nutritional benefits and versatility. As consumers increasingly prioritize healthier and sustainable dietary choices, fish protein isolates, derived from fish sources, offer a high-quality protein option with essential amino acids. These isolates are becoming popular in the development of functional food products, including snacks, beverages, and supplements, capitalizing on their ability to enhance protein content without the use of traditional animal or plant-based proteins.
 

Based on distribution channel, the hypermarkets/supermarkets segment is anticipated to expand at 8% CAGR through 2032, as they provide a simple and accessible platform for customers to purchase a large choice of fish protein isolate products. The vast selection offered at these retail stores appeals to a wide range of preferences and dietary requirements, which contributes to the growing popularity of fish protein isolates as a sought-after nutritional supplement. Furthermore, the ease of one-stop shopping in hypermarkets and supermarkets increases the visibility and availability of fish protein isolates, boosting their demand among health-conscious customers looking for alternative protein sources.
 

North America fish protein isolates market size held over USD 265.2 million in 2022, owing to rising consumer awareness of the nutritional advantages of fish-based proteins. Consumers are looking for alternative protein sources as their focus on health and wellness grows, and fish protein isolates are gaining popularity as a high-quality, readily digested protein choice. FPI is popular among North American consumers due to its high amino acid profile, omega-3 fatty acids, and absorption.
 

Fish Protein Isolates Market Share

Major companies operating in the fish protein isolates industry include:

• Scanbio Marine Group
• Bio-marine Ingredients Ireland Ltd.
• Diana Aqua (Symrise AG)
• Hofseth BioCare ASA
• Copalis Sea Solutions
• Colpex International
• Janatha Fish Meal & Oil Products
• Siam Industries International
• Bio-Oregon Protein
• Nutrifish
• Omega Protein Corporation
• Titan Biotech Limited
• Aroma NZ
• Alaska Protein Recovery
• TripleNine Group A/S
   

Bio-marine Ingredients Ireland Ltd. (BII) is a producer of specialty marine proteins, minerals, and lipid powders derived from sustainable and traceable sources. BII's core products are Hydrolyzed Fish Protein (HFP) powders and Marine Mineral powders, which are widely used in human and animal nutrition applications. The company's products are known for their high quality, purity, and sustainability, making them a preferred choice for manufacturers in the food, nutraceutical, and pet food industries.
 

Fish Protein Isolates Industry News

• In January 2020, Nutreco N.V. announced a strategic partnership with BlueNalu, Inc., a seafood startup located in the United States. This collaboration intends to address the increasing demand for fish protein while also increasing their market impact.
   

The fish protein isolates market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Kilo Tons from 2018 to 2032, for the following segments:

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Market, By Form

• Powder
• Liquid
• Others

 Market, By Application

• Food
  • Processed Seafood Products
  • Snack Foods
  • Dietary Supplements 
• Beverages
  • Functional Beverages
  • Fish Protein Drinks
  • Sports & Performance Drinks
• Animal Feed
• Cosmetic & Personal Care
• Pharmaceuticals
• Others

Market, By Distribution Channel

• Hypermarkets/Supermarkets
• Specialty Stores
• Convenience Stores
• Online Retail
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Thailand
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• Middle East & Africa
  • UAE
  • South Africa
  • Saudi Arabia