According to Future Market Insights (FMI), the global marine-derived protein market is estimated to reach a valuation of USD 7,634.9 million in 2023. By 2033, global marine-derived protein demand is expected to rise at a 6.3% CAGR. The total market value is projected to reach around USD 20,190.0 million by 2033.
The appeal of marine-derived proteins lies not only in their nutritional richness but also in their versatility. They are finding applications in a wide array of sectors, including functional foods, sports nutrition, pharmaceuticals, and cosmetics. Their neutral taste, high protein content, and beneficial fats make them a preferred choice for food manufacturers, enabling the development of innovative products catering to diverse consumer preferences.
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The market’s growth is bolstered by increasing awareness about sustainable and eco-friendly protein sources. As the world embraces environmentally conscious practices, the marine-derived protein market aligns perfectly with these values. Collaborations between food manufacturers, researchers, and marine industries are driving innovations, ensuring the sustainable sourcing and processing of these proteins.
In this dynamic landscape, the marine-derived protein market stands as a beacon of health and sustainability, catering to the evolving needs of modern consumers and industries. As research continues to unlock the full potential of these proteins, their market presence is poised to expand further, shaping the future of nutritional offerings and sustainable practices.
Key Takeaways from the Marine-derived Protein Market Report:
- The marine-derived protein marketis expected to be valued at US$ 7,634.9 million by 2023.
- Global demand for marine-derived protein will likely soar at a 3% CAGRover the forecast period.
- The marine-derived protein market in the United States is poised to exhibit a CAGR of 5%, reaching US$ 7,470.3 million during the forecast period.
- China’s fast urbanization and increased disposable income have resulted in the market expanding at 2% to reach US$ 5,410.9 million in 2033.
- Based on end-users, the food and beverage industry is expected to hold a market share of 0% to reach US$ 6,258.9 million by 2033.
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Competitive Landscape:
Key companies are expanding their product portfolios, employing strategies such as advertising, partnerships, acquisitions, agreements, and mergers to maintain market relevance and drive growth in the marine-derived protein market.
For instance,
- In 2022, Pioneer Points Partners and Verdane acquired Scanbio Marine Group with the goal of creating one of Europe’s leading aquaculture waste management companies.
- In 2022, Cooke Inc., a seafood corporation, acquired Omega Protein Corporation, a Houston-based company, to aid with the company’s expanding supply side business and to support its growth strategy as a leader in seafood production.
- In 2020, BlueNalu, a California-based seafood product manufacturer, announced its collaboration with Nutreco, an aquafeed manufacturer. This collaboration is expected to assist BlueNalu in strengthening its position in the seafood manufacturing business.
Marine-derived Protein Market Segmentation by Category:
By Source:
- Fish-derived Proteins
- Algae-derived Proteins
- Shellfish-derived Proteins
- Marine Invertebrate Proteins
By End-user:
- Food and Beverage Industry
- Pharmaceutical Industry
- Cosmetics and Skincare Industry
By Extraction Technique:
- Enzymatic Hydrolysis
- Supercritical Fluid Extraction
- High-Pressure Processing (HPP)
- Ultrasound-assisted Extraction
- Microwave-assisted Extraction
By Type:
- Concentrates
- Isolates
- Hydrolysates
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East & Africa
Get More Valuable Insights into Marine-derived Protein Market Report:
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global marine-derived protein 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 marine-derived protein market based on source (fish-derived proteins, algae-derived proteins, shellfish-derived proteins, and marine invertebrate proteins) type (concentrates, isolates, and hydrolysates) extraction technique (enzymatic hydrolysis, supercritical fluid extraction, high-pressure processing (HPP), ultrasound-assisted extraction and microwave-assisted extraction), and end-user (food and beverage industry, pharmaceutical industry and cosmetics and skincare industry) across various regions.
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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