The Fish roe enzyme and extract sales are estimated to reach US$ 495.0 million in 2023 and US$ 1,038.4 million in 2033, according to Future Market Insights (FMI). Over the next ten years, the demand for fish roe enzymes and extracts is expected to increase at a CAGR of 7.7%.
The food and beverage, cosmetics, dietary supplement, and pharmaceutical industries all use fish roe enzymes and extracts. They are utilized as natural taste enhancers, dietary supplements, or functional components in the food sector. Fish roe extracts are used for their skin-nourishing, anti-aging, and moisturizing qualities in cosmetics.
They frequently appear in dietary supplements due to their high nutritional value, which includes vitamins and omega-3 fatty acids. The make-up of the eggs and the method of extraction are what determine the precise uses and advantages of fish roe enzymes and extracts.
The beneficial substances found in eggs are concentrated in extracts made from fish roe. The components from the roe that must be removed include proteins, peptides, fatty acids, vitamins, and minerals. Several methods, such as enzymatic hydrolysis, solvent extraction, and supercritical fluid extraction, can be used to create these extracts.
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Key Takeaways from the Fish Roe Enzymes and Extracts Report:
- By 2033, the market for Fish Roe Enzymes and Extracts is projected to be worth US$ 1,038.4 million.
- Over the projection period, the demand for Fish Roe Enzymes and Extracts is anticipated to grow at a rate of 7% CAGR
- By 2033, it is expected that the market for protease type of fish roe enzymes and extracts will be worth US$ 28.5
- The cosmetics & personal care application of fish roe enzymes and extracts market is anticipated to grow at an 7% CAGR by application over the forecast period.
- By 2033, the United States is anticipated to have a significant value share of 7% of the global market.
- By 2033, it is anticipated that the Fish Roe Enzymes and Extracts market in India will be worth US$ 108.65 million.
- The value CAGR for the China market is anticipated to be 2% over the projection period.
“Rising consumer demand for natural and sustainable products, the growth of the health and wellness sector, and the need for environmentally friendly solutions are some of the factors driving the market potential for fish roe enzymes and extracts. They believe that the market for fish roe extracts and enzymes would continue to grow and offer lucrative business opportunities.” – says a lead analyst at Future Market Insights (FMI)
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Who is Winning?
Aroma NZ Ltd, SNP Korea Co., Ltd, BioPureDx, Frutarom Health, Laboratoires Expanscience, Croda International, Ashland Global Holdings Inc., Lipotec Group,Vital Proteins, Viscofan BioEngineering, Naturalin Bio-Resources Co., Ltd., BioMarine International, Nikken Sohonsha Corporation
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 2019, DuPont Introduces POWERPasta Enzymes to Assist Food Producers in Offer Products with Improved Appearance and ‘Bite’ at Lower Costs
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global Fish Roe Enzymes and Extracts 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 roe enzymes and extracts market based on Type (protease, lipase, amylase, cellulase, others), Source (salmon roe, herring roe, caviar, capelin roe, others) by Application (food & beverages, bioenergy and biogas, pharmaceuticals, cosmetics & personal care, dietary supplement, 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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