Global fish protein concentrate market sees growing application in food and dietary supplements owing to high protein content. Fish protein concentrate is a concentrate made from the flesh of fish in which the major part of fat- and water-soluble vitamins have been removed. It contains 60-90% crude protein depending on the fish species and production method. With rising health consciousness, consumers are increasingly adopting protein-rich diets. This is a major factor augmenting the demand for fish protein concentrate globally. The market is further fueled by dietary flexitarianism and veganism trends. However, fluctuating fish availability and stringent production process pose challenges to market players.
Market Dynamics:
The global fish protein concentrate market is driven by increasing health awareness and demand for protein-rich dietary supplements. Rising cases of chronic diseases like diabetes and obesity across developed nations have accelerated healthy eating practices. This is boosting the sales of fish protein concentrate which is low in fat and calories. Growing flexitarian demography preferring plant-based and marine protein sources is another key driver. However, volatile fish catch owing to climate change impact on oceans hampers consistent supply. High capital requirements for sophisticated production facilities also inhibit new entrants. Nevertheless, focus on aquaculture, especially marine plants, to overcome supply constraints is expected to offer new opportunities in the forthcoming years.
Key Features of the Study:
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