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Marine Derived Proteins Market Trends

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

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Marine Derived Proteins Market Trends

Spurred by rising health awareness and increasing concerns about sustainability, the marine derived proteins industry is experiencing explosive growth. Consumers are drawn to the impressive nutritional profile of these proteins, boasting benefits for muscle health, cognitive function, and overall well-being. Additionally, the growing focus on environmentally conscious choices pushes consumers towards sustainable protein sources like marine-derived alternatives.

Technological advancements are further fueling the market's expansion by making these proteins more accessible and versatile. Innovative extraction and processing techniques are enhancing yields, purity, and bioactivity, while novel delivery formats like powders and capsules increase convenience and consumption. The applications of marine proteins are also expanding beyond traditional food and beverage uses, finding their way into pharmaceuticals, nutraceuticals, cosmetics, and even animal feed.

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.