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Marine Derived Proteins Market Share

Report ID: GMI7606
Published Date: Dec 2023
Report Format: PDF

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Marine Derived Proteins Market Share

Aker BioMarine and Corbion have emerged as standout frontrunners in the Asia-Pacific marine derived proteins industry, demonstrating a remarkable ability to capture significant market shares and establish solid positions within the region. One key factor contributing to their success is an expansive market reach. Both companies have strategically expanded their distribution networks across various Asian countries, forming valuable partnerships with local distributors and retailers. This strategic approach not only facilitates efficient product delivery but also enhances market penetration, playing a pivotal role in their dominance of market shares.

A crucial aspect of Aker BioMarine and Corbion's success lies in their diverse product portfolios. Recognizing the varied needs of Asian consumers, these companies offer an extensive range of marine-derived protein products, including krill oil, fish collagen peptides, fish oil, and other protein concentrates. This diversified product offering enables them to cater to a broad spectrum of consumer preferences and dietary choices, reinforcing their market share and ensuring adaptability to the diverse Asian market.

The strong brand reputation of Aker BioMarine and Corbion within the Asia-Pacific region is another key factor behind their marine derived proteins market dominance. These companies have positioned themselves as trusted and reliable brands, emphasizing qualities such as quality, sustainability, and ethical sourcing practices. This commitment fosters consumer confidence and loyalty, playing a pivotal role in driving sustained market share growth. Additionally, their strategic marketing efforts, tailored to the unique preferences of Asian consumers, and a focus on continuous innovation and product development further solidify their positions as leaders in the dynamic and promising Asia-Pacific market.

Marine Derived Proteins Market Companies

Major companies operating in the marine derived proteins industry include:

Aker BioMarine
Corbion
Cargill
DSM
Kerry Group
Lonza
Neptune Wellness Solutions
Nippon Suisan Kaisha
Royal Greenland
SkyBiometry
Aquaculture Protein
Biomega Group
Cellulac
Epax
FMC Corporation

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of marine derived proteins reached USD 7.46 billion in 2023 and is set to cross USD 17.83 billion by the end of 2032, propelled by growing consumer demand for alternative protein sources, particularly in the health and wellness sector.

The concentrate-based protein segment held around 45% of the market share in 2023, owing to their rising awareness of the health benefits and the broader trend toward protein-focused diets.

U.S. dominated the North America market commanding a substantial revenue of USD 1.55 billion in 2023, driven by and the strategic emphasis on sustainable and innovative practices.

Aker BioMarine, Corbion, Cargill, DSM Products are some of the major industry contenders.