Fish powders are prepared by grinding dry fishes in their whole forms or grinding fish byproducts to powdered forms. The usually wasted parts of fish like the backbone, head, and viscera are particularly high in micronutrient content. Fish powders are often concentrated sources of high-quality marine protein with a balanced composition of essential amino acids and marine omega-3 fatty acids. Fish powder can be made from most seafood sources, including underutilized fish byproducts.
MARKET DYNAMICS
The fish powder is an excellent nutritional supplement that serves as a dietary therapy for individuals with compromised digestive systems and chronic illness. The ultra-high protein source found in fish powders has led to significant consumer interest in fish powders and consequently driven the consumption. Fish powders can be made from underutilized fish byproducts and represent new economic opportunities for fish processing companies. Fish powders are an excellent source of high-quality proteins as well as essential amino acids and marine omega-3 fatty acids. The rising demand for protein-rich food sources has substantially increased the consumption of fish powders as well as increased the incorporation of fish powders in ready-to-eat meal products.
MARKET SCOPE
The "Global Fish Powder Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the fish powder market with detailed market segmentation by source, product type, end use industry, and geography. The global fish powder market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fish powder market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global fish powder market is segmented on the basis of source, product type, and end use industry. On the basis of source, the fish powder market is segmented into whole fish and by-product. The fish powder market on the basis of product type is classified into fish meal powder and fish protein powder. Based on end use industry, the global fish powder market is divided into food and beverages, cosmetic & personal care, sports nutrition & dietary supplement, pharmaceuticals, and animal feed.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global fish powder market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The fish powder market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the fish powder market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the fish powder market in these regions.
MARKET PLAYERS
The reports cover key developments in the fish powder market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the fish powder market are anticipated to lucrative growth opportunities in the future with the rising demand for fish powder in the global market. Below mentioned is the list of few companies engaged in the fish powder market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fish powder market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- Austevoll Seafood ASA
- Bio-marine Ingredients Ireland Ltd.
- Biomega AS
- Bio-Oregon Protein, Inc.
- Empresas Copec S.A.
- Oceana Group Limited S.A.
- Omega Protein Corporation
- Pesquera Diamante S.A.
- Sardina D.O.O.
- Scanbio Marine Group AS
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