Global Fish Protein Powder (FPP) Market Insights Forecasts to 2033

• The Global Fish Protein Powder (FPP) Market Size was Valued at USD 7.47 Billion in 2023
• The Market Size is Growing at a CAGR of 4.77% from 2023 to 2033
• The Worldwide Fish Protein Powder (FPP) Market Size is Expected to Reach USD 11.90 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Fish Protein Powder (FPP) Market Size is Anticipated to Exceed USD 11.90 Billion by 2033, Growing at a CAGR of 4.77% from 2023 to 2033.  

Market Overview

A concentrated, dried fish product used in the food business for human consumption is called fish protein powder (FPP). Fish meat, fish byproducts, and additives are used in its production. Compared to the natural fish flesh, the protein content of FPP is higher. Its high protein content and several health advantages contribute to it becoming a popular nutritional supplement in the food and beverage sector. It is an excellent choice for everyone with dietary limitations or special nutritional needs due to it is high in vitamins, omega-3 fatty acids, and vital amino acids. Growing consumer demand for functional foods and dietary supplements high in protein is one of the main factors driving the market growth. The need for alternative protein sources like FPP is being driven by developments in aquafeed formulations and a growing focus on minimizing the environmental impact of aquaculture techniques. The market for FPP in this industry is expanding rapidly as aquaculture companies want to solve sustainability issues and improve the nutritional content of their feeds.      

Report Coverage

This research report categorizes the fish protein powder (FPP) market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the fish protein powder (FPP) market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the fish protein powder (FPP) market

Driving Factors

Global health and wellbeing consciousness is growing, which is driving the fish protein powder (FPP) market. Consumers are gravitating toward fish protein in increasing quantities as they read about the advantages of high-protein diets due to its excellent amino acid profile, low-fat content, and plenty of vital nutrients like omega-3 fatty acids. The demand for functional foods and nutraceuticals that promote healthy living has increased as a result of growing concerns over lifestyle-related illnesses like obesity, diabetes, and cardiovascular diseases, which is supporting the FPP market. Growth in food processing and product development is being driven by consumer demand for sustainable and eco-friendly protein solutions, which will drive the amount of FPP used in a wider range of food products.

Restraining Factors

The price of fish protein powder (FPP) is one of the primary restrictions to the market. Acquiring raw fish resources, processing, drying, and packaging are some of the costly steps involved in producing high-quality FPP.

Market Segmentation

The fish protein powder (FPP) market share is classified into type and application.  

• The concentrated fish protein segment is estimated to hold the largest market revenue share through the projected period.  

Based on the type, the fish protein powder (FPP) market is classified into hydrolyzed fish protein, concentrated fish protein, isolated fish protein, powdered fish protein, and collagen fish protein. Among these, the concentrated fish protein segment is estimated to hold the largest market revenue share through the projected period. In eliminating non-protein components, concentrated fish protein maintains a higher protein concentration, which makes it useful for increasing nutrition in a variety of food applications.    

• The animal feed segment is anticipated to hold the largest market share through the forecast period.

Based on the application, the fish protein powder (FPP) market is divided into dietary supplements, sports nutrition, animal feed, pet food, and functional food. Among these, the animal feed segment is anticipated to hold the largest market share through the forecast period. The use of fish protein powder in animal feed is growing due to animals play a significant role in the food chain. Consumers consider animal products like meat, eggs, and milk as an improved source of protein.     

Regional Segment Analysis of the Fish Protein Powder (FPP) Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the fish protein powder (FPP) market over the predicted timeframe.

North America is anticipated to hold the largest share of the fish protein powder (FPP) market over the predicted timeframe. The growing health consciousness and the need for protein-rich dietary supplements are driving the market in North America, where advanced nutrition sectors in the US and Canada account for a sizeable portion of the market. North America, and especially the US, will continue to play a key role in determining the direction of the market. The global fish protein powder (FPP) market can be significantly affected by developments in the United States.

Asia Pacific is expected to grow at the fastest CAGR growth of the fish protein powder (FPP) market during the forecast period. The Asia-Pacific region, which includes China, Japan, and India as important markets, has strong development potential due to of expanding urbanization, disposable income, and middle-class population growth. The expanding government investment in the fishing industry throughout the Asia-Pacific region is expected to generate development prospects for the industry.    

Europe is anticipated to hold a significant share of the fish protein powder (FPP) market over the predicted timeframe. Europe market is supported by robust regulatory frameworks and a high level of consumer knowledge regarding health advantages the UK, Germany, and France are the top three countries in terms of consumption.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the fish protein powder (FPP) market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Omega Protein Corporation
• Bio-Oregon Protein
• Copalis Sea Solutions
• New Alliance Dye Chem
• Nutreco
• NuMega Ingredients
• Titan Biotech
• Janatha Fish Meal & Oil Products
• Siam Industries
• Prinova Group
• Nutrifish
• Bioflux
• Aroma NZ
• Qingdao Future Group.
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In September 2024, "Nutreco recently announced the launch of the first food-grade powder production facility in the world, committed to supply raw materials specifically for the cell-cultured meat, poultry, and seafood industry."  

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the fish protein powder (FPP) market based on the below-mentioned segments: 

Global Fish Protein Powder (FPP) Market, By Type

• Hydrolyzed Fish Protein
• Concentrated Fish Protein
• Isolated Fish Protein
• Powdered Fish Protein
• Collagen Fish Protein

Global Fish Protein Powder (FPP) Market, By Application

• Dietary Supplements
• Sports Nutrition
• Animal Feed
• Pet Food
• Functional Food

Global Fish Protein Powder (FPP) Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa