According to Future Market Insights (FMI), the global fish bone minerals market is anticipated to generate revenues of US$ 146.1 million in 2023 and US$ 418.7 million in 2033. The demand for fish bone minerals is anticipated to rise during the following ten years at a CAGR of 11.1%
It is created by using powdering the fish bones. Calcium, phosphorus, and other minerals are found naturally in fishbone minerals for consumers who didn’t consume dairy products or who have trouble absorbing calcium from other sources, fishbone minerals are a beneficial source of calcium it offers phosphorous which is used for the formation of Strong bones. These minerals are found in fish bones to strengthen joints and help to decrease the risk of osteoporosis.
Chondroitin sulfate is a substance demonstrated for the use of inflammation, it is a compound of fishbone minerals. Several chronic diseases, such as cancer, heart disease, and stroke are at a high risk for inflammation. Also, it contains glucosamine sulfate a substance that is utilized to enhance joint health.it is used to the aiding in improving joint function, glucosamine sulfate helps the joint discomfort and inflammation
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Key Takeaways from the Fish Bone Minerals Report:
- By 2033, the market for minerals found in fish bones is anticipated to be worth US$ 418.7 million.
- Over the projection period, the demand for fish bone minerals is anticipated to increase at a CAGR of 1%.
- On the basis of form, the powder market is projected to be worth US$ 58.6 million by 2033.
- The food and beverage segment is anticipated to experience a 8% CAGR by application over the forecast period.
- By 2033, it is anticipated that the United States will have a significant 6% value share of the global market.
- By 2033, it is anticipated that the fish bone minerals industry in the United States will be worth US$ 149.5 million.
- The value CAGR for the India market is predicted to be 9 % over the forecast period.
“The market for fish bone minerals is being significantly influenced by rising consumer demand for protein and healthy products, notably in the food and beverage sector. As a result of its high protein content and sustainability credentials, fish bone minerals are also becoming popular in the mineral business. Manufacturers grow their categories if they concentrated on a variety of applications to cater to niche consumer demands.” – says a lead analyst at Future Market Insights (FMI)
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Who is Winning?
Alaska Protein Recovery LLC, Bioiberica, S.A., Captein Group, Dr. Paul Lohmann GmbH KG, Gee Lawson Ltd., Hebei Huayu Yongcheng Food Co., Ltd., Radhika Enterprises
Nutrifish, Pioneer Enterprise, Shaanxi Green Bio-Engineering Co., Ltd., Silverstream SEZC, Zhejiang Green Day Bioengineering Co., Ltd., Zhengzhou Ruipu Biological Engineering Co., Ltd.
These companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market. For instance,
- In 2022, In Japan, Bioiberica collaborates with Aska Animal Health Co. and Shintoa Corporation to commercialize its Nucleoforce AquaTM and Nucleoforce LivestockTM product lines.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global fish bone minerals market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the fish bone minerals market based on Type (Calcium, Phosphorus, Magnesium, Others), Form (Powder, Granules, Capsules, Others), Source (Salmon, Trout, Tuna, Cod, Others), and Applications (Food & Beverages, Pharmaceuticals, Nutraceuticals, Animal Feed, Others) across various regions.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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