Fish Protein Market Outlook 2021 Pricing Strategy, Industry Latest News, Top Company Analysis, Research Report Analysis and Share by Forecast 2031

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 ESOMAR-certified consulting firm Future Market Insights’ recent report forecasts the  global fish protein market  to exhibit 5.6% CAGR between 2016 and 2020. As per the study, growing health awareness and preference for organic and protein enriched food & dietary supplements has accelerated the sales of powder formulation of fish protein. Also, manufacturers have amplified the production of fish protein supplements available in different flavors such as chocolate, coffee, and strawberry to increase the sales of fish protein supplements.

Surging demand for fish protein for various application within diverse end-use sectors such as food & beverages, pharmaceuticals, and others is expected to drive the market. Longer shelf-life and easy transportation have encouraged the production of powder formulation of fish protein.

To Get Sample Copy of Report Visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13121

Furthermore, rising health issues such as obesity, increased sugar levels, and others leading to cardiovascular diseases have increased the consumption of fish protein supplements across countries such as United States, India, Australia, and the UK, thereby, fueling the sales of fish protein supplements. Based on the aforementioned factors, FMI estimates, global fish protein market is poised to expand at 7.2% CAGR through 2031.

“Fish protein manufacturers are consistently developing supplements in powder form, which is resulting in high demand in food & beverage industry and creating scope for expansion in sports nutrition industry,” remarks the FMI analyst.

fish protein market key regions and product type segments mekko chart, 2021

Key Takeaways

  • In terms of form, powder form is anticipated to hold maximum share of global fish protein market
  • Fish protein isolate is expected to be one of the most lucrative segment, accounting for over 46% of total market share
  • Application in food & beverages industry accounts for nearly 42% of fish protein sales
  • Rising cases of obesity, and other severe health problems such as joint pains and more across United States are expected to aid the sales of fish protein products
  • India’s fish protein market is set to expand at 5.8% CAGR through 2031
  • Australia is spearheading the growth of Oceania’s fish protein market, accounting for 80.6% of total market share

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