Global Fish Nutrition Market - 2023-2030
Market Overview
The global fish nutrition market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 3.5% during the forecast period (2023-2030).
Fish nutrition is one of the important category of human food. It is rich source of omega-3 fatty acids and vitamins such as D and B2 (riboflavin). Fish products are rich source of calcium and phosphorus and a great source of minerals, such as iron, zinc, iodine, magnesium, and potassium. Fish products such as Fish Oil, Fish Collagen, Fish Gelatin, Fish Protein Powder, Fish Protein Isolates and other products are used to consume as fish nutrition. Fish nutrion is benificial to improve brain health, lower the risk of heart disease, decrease the risk of depression that benefits helps to boost market growth in the forecast period.
Market Dynamics
The growing demand for fish nutrition products owing to its health benifits
Fish nutritional products has less fat level omega-3 fatty acids, protein, vitamin A, vitamin D, potassium, and sodium are all found in abundance in fish. They provide lot of nutrients like vitamins and minerals.These products are high in protein, zinc, calcium, magnesium, and other essential minerals that the body needs to create muscles.It helps to maintain cardiovascular health by playing a role in the regulation of blood clotting and vessel constriction. It is important for the prenatal and postnatal neurological development. It helps to reduce tissue inflammation and alleviate the symptoms of rheumatoid arthritis. It plays important role in the cardiac arrhythmia, reducing depression and halting mental decline in older people. These health benefits helps to boost market growth in the forecast period.
Increasing benefits associated with fish nutrition products helps to boost market growth
The benefits of fish nutritional products are convenient, affordable and has high nutritional value is likely to accelerate the growth of fish nutritional products in the forecast period. Also, rising trend of ready to eat meals is expected to anticipate the growth of fish nutritional market in the forecast period. Moreover, Fish nutritional products has more shelf life and it can be fortified with additives, molded into different shapes and they can easily flavoured. They can consume for the strength development, improving eyesight, and for maintaining hormonal balancein the body. Thse benefits of fish nutritional products helps to boost segment growth in the forecast year.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global fish nutrition market is segmented based on product type, application and region.
Owing to their versatility and increased demand, the fish protein isolates product type is expected to hold major share
Fish isolates are the source of protein as an alternative to soy protein , whey protein and other protein powders. It is rich source of protein and has great amino acid profile. It is ideal for the producing pocket friendly neutraceutical and functional food for human consumption. It can be easily blend with the other food products such as cereal and energy bars in order to enhace nutrient content. Increase in the product launches of fish protein isolates by the major key players helps to boost segment growth in the forecast period. It contain several essential micronutrients which are necessary to curb the prevalence of malnutrition.Fish protein isolates are used in the various industries such as food and beverage, cosmetic and personal care.
Geographical Analysis
Increasing demand for seafood in the region is expected to drive the market growth
The growing demand for fish nutrition in developing countries, especially in Asia-Pacific, creates opportunities for manufacturers to expand their operations in these regions. The aquaculture industry in the Asia Pacific region is rapidly expanding, driven by the increasing demand for seafood and the need for sustainable food sources. As a result, there is a growing demand for fish feed and fish nutrition products. Major key players in the region follows merger and acquisition strategy to expand their business in the region. India and China are the major shareholding countries in the region due to the increase in the disposable income and rising awareness about consumption of health benefits of fish nutrition products. Increased demand for the fish nutrition in the food and beverage industry helps to boost market growth in the region.
Competitive Landscape
The major global players in the market include Empresas Copec S.A., Omega Protein Corporation, A. Costantino & C.S.P.A., Scanbio Marine Group A, Bio Marine Ingredients Ireland Ltd., Titan Biotech Ltd., Colpex International S.A.C., Alaska Protein Recovery Inc., Marine Protein Marprot S.A. and Bio Mega S. A.
Why Purchase the Report?
• To visualize the global fish nutrition market segmentation based on product type, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of fish nutrition market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global fish nutrition market report would provide approximately 53 tables, 54 figures and 195 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors
• Research Professionals
• Emerging Companies
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