Rising awareness regarding the use of fish powder for the fortification of food and production of functional foods has stimulated the food industry to investigate different methods for the development of fish powder from varied fish categories. Fish powder is a product obtained by drying and grating a fish or by removing most of the water and some of the oil from the fish. Fish powder, also known as fish meal, finds a wide range of applications in compound feeds for pigs, farmed fish and poultry.
In the last few years consumers have become more selective about their food choices. Rising awareness among consumers has spurred the demand for prefer healthier, better quality and ecological food products. Fish is a widely available nutrient rich food source with high protein, minerals and vitamin content. Therefore, fish consumption has considerably increased over the years. Projected to rise at a CAGR of ~6 between 2019 and 2026, Future Market Insights foresees stable growth for the market.
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Driven by changing lifestyle and rapid urbanization, fish meal powder is expected to hold about 96% of the market revenue. It is a high quality and easily digestible source of food for pets, especially dogs. Fishmeal produced from oily fish is a source of omega-3 and omega-6 oils and other essential micronutrients. Therefore the rising demand for fishmeal as a healthy pet food is expected to bode well for the fish powder market. The most common sources of fishmeal for pets are whitefish and menhaden fishmeal.
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FISH POWDER MARKET TAXONOMY
The global fish powder market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Fish Meal Powder
- Fish Protein Powder
- Food & Beverages
- Sports Nutrition & Dietary Supplements
- Cosmetics & Personal Care
- Animal Feed
- Aqua Feed
- Store based retailing
- Online Retailing
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
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FREQUENTLY ASKED QUESTIONS ABOUT FISH PROTEIN POWDER MARKET
What is future prospect for the Fish Protein Powder segment?
The global fish protein powder market is expected to grow at a rapid pace in Asia Pacific and MEA owing to the increasing consumption of sea food and its products in China, India, and other countries.
Which end user segment witnesses most lucrative growth opportunities?
Fish powder market earns major share of revenue from animal feed segment as the maximum share of fish powder is used as feed in aquaculture.
What factors are aiding growth in the fish powder market?
Globally fish protein powder is still at an introductory phase, therefore, more promotions and advertisement are required to spread awareness about its health benefits. The fish meal powder is widely used in animal feed. The growing market of aquaculture and increasing need for food and protein is aiding the fish meal powder market growth.
Which region will lead the global sales of fish powder market?
Europe remains the largest shareholder in the global fish powder market. EU-4 has emerged as a dominant region in the fish powder market in terms of consumption. However, North America is expected to show higher growth.