Fish Protein Isolates Market Research Report and Outlook by 2028

The fish protein isolates market is projected to expand from US$ 1,187.04 million in 2022 to US$ 1,534.01 million by 2028, reflecting a compound annual growth rate (CAGR) of 4.4% during this period.

Fish protein isolate is created through the solubilization of fish protein under alkaline conditions, followed by isoelectric precipitation, resulting in a product with various functional properties. The rising demand for fish protein isolates is being driven by multiple end-use sectors, including food and beverages, pharmaceuticals and nutraceuticals, personal care, and animal nutrition. In the food and beverage sector, the incorporation of fish protein isolates into cereals, protein bars, infant formulas, and other fortified food items is on the rise, enhancing their nutritional value for optimal health outcomes. Additionally, the growing interest in functional foods that are nutritionally enriched with omega-3 fatty acids, lower sodium levels, and higher protein content is expected to further propel the growth of the fish protein isolate market.

The fish protein isolates market is categorized by application into food and beverages, pharmaceuticals and nutraceuticals, personal care, and animal nutrition. In 2021, the pharmaceuticals and nutraceuticals segment commanded the largest market share. However, the food and beverages segment is anticipated to experience the highest CAGR throughout the forecast period. Fish protein isolates are utilized in pharmaceuticals and nutraceuticals to enhance heart and brain health. Rich in omega-3, omega-6, and omega-9 fatty acids, fish protein isolates also possess numerous antioxidant properties. These nutrients are known to improve insulin sensitivity, helping maintain an anabolic state in the body while reducing body fat without compromising muscle mass. Omega-3 fatty acids facilitate carbohydrate storage in muscles, which is crucial for muscle development. Consequently, fish protein isolates are commonly found in health supplements, dietary products, sports nutrition, and infant formulas.

Regionally, the fish protein isolates market is divided into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America held the largest market share in 2021, but Asia Pacific is projected to exhibit the fastest CAGR from 2022 to 2028. According to a 2020 report by the Food and Agriculture Organization, Asia Pacific is a key player in global aquaculture production, with major contributors including Bangladesh, China, India, Indonesia, Myanmar, the Philippines, South Korea, Thailand, and Vietnam. The region has seen significant growth in the markets for nutraceuticals, functional foods and beverages, and dietary supplements in recent years. There is a growing consumer awareness regarding health issues such as anti-aging and weight management, which has led to an increased demand for naturally sourced proteins like fish protein isolate, prompting producers to create fortified products.

Key players in the fish protein isolates market include Advance International Inc, Bio-marine Ingredients Ireland Ltd, PeterLabs Holdings Sdn Bhd, Hofseth BioCare ASA, Sopropeche SA, Copalis Industry SAS, and Biomega Group AS. These companies are focused on developing innovative and cost-effective products to satisfy the increasing consumer demand and enhance their market presence.

The overall size of the fish protein isolates market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. Additionally, numerous primary interviews were conducted with industry stakeholders to validate the findings and gain deeper analytical insights. Participants in this research included industry experts such as vice presidents, business development managers, market intelligence managers, national sales managers, and external consultants, including valuation experts, research analysts, and key opinion leaders specializing in the fish protein isolates market.