Fish Protein Concentrate Market: Market Outlook
The fish protein concentrate is a high protein ingredient which is derived from the fresh fish or fish meal. It is widely used in different industries such as food, feed, cosmetics, and others. The fish protein concentrate contains the high protein content which made it suitable to meet the demand for a high amount of protein from the multiple industries. The fish protein concentrate contains about 80 percent of protein and widely recognized as an effective solution to high protein diets. Furthermore, the fish protein concentrate is also capable of functioning the animal feed industry due to comprise of all the essential amino acids.
The fish protein concentrate offers a beneficial solution to some of the health problems including protein deficiency. Unlike the other protein concentrate, the fish protein concentrate consists of all the essential amino acids which are needed to human health. Fish protein concentrate is defined by the three types: Type A, Type B, and Type C. type A is a tasteless and odorless powder which contains the 0.75 percent of fat content whereas type B is recognized as a powder which has no specific limit of odor or flavor and also contains the 3 percent of fat content along with the fishy flavors.
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Growing consumption of high protein diets across the world is flourishing the demand of fish protein concentrate
The fish protein concentrate market is driven by consumer adoption towards the high protein food products. The manufacturers of food products are moving towards producing food products which should have high nutritional value. Among the nutrients, protein increasingly becomes the most beneficial nutrients which are more in demand. The functional properties of fish protein concentrate protect from the protein deficiency and also completes the demand for high protein content in food products. Furthermore, the growing demand for sports nutrition can also be a beneficial opportunity for the global fish protein concentrate market.
The presence of different substitutes of fish protein concentrate protein is among the key restraining factor for the global fish protein concentrate market. Moreover, the growing trend of plant-based food products is also offering some serious challenges to the global fish protein concentrate market.
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Global Fish Protein Concentrate Market: Key Players
Bio-marine Ingredients, TripleNine Group, Omega Protein Corporation, QINGDAO FUTURE GROUP, NORSILDMEL AS, Epax, Pelagia AS, Huzhou Zhenlu Biological Products Co., Ltd, SOPROPECHE, Colpex International Inc. and others.
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Opportunities for market participants in global fish protein concentrate market:
As the high protein food products have become favorite among the consumers, the demand for high protein ingredients such as fish protein concentrate on increasing in the food processing industry. For the manufacturers of fish protein concentrate, this will be the beneficial opportunities to gain the desired success in global fish protein concentrate market. Besides, the growth of biomedical products to complete the demand of nutrients is also an advantageous market scenario for the market participants in the business of fish protein concentrate.
Global Fish Protein Concentrate Market: Regional Outlook
North America is leading in the global fish protein concentrate market by showing the highest value share due to growth in consumption of high protein diets in the region. Whereas, Europe followed by North America, is also showing the significant value share in global fish protein concentrate market and the major reason is the highly developed food and beverages industry in the region. However, South and East Asia are displaying the highest growth in the global fish protein concentrate market due to increasing spending on food products and growth in the non-vegetarian population.