Fish Protein Market Is Poised To Expand At 7.2% CAGR Through 2031
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. As protein is considered to be the building block of the body, many converted their carbohydrate based diets to protein diets. Food brands are therefore launching innovative fish protein products, which taste better and are made with quality ingredients in order to gain positive brand image. According to FMI’s analysis, fish protein market sales have grown at 5.6% CAGR between 2016 and 2020. Surging demand for fish protein for various applicatio