The Global Fish Protein Concentrate Market is poised for steady expansion. Valued at USD 0.12 billion in 2024, the market is projected to reach USD 0.19 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.80% from 2025 to 2032. This article provides a comprehensive analysis of market dynamics, segmentation, drivers, challenges, and competitive landscape, drawing exclusively from Data Bridge Market Research to offer strategic insights for stakeholders.

What Is Fish Protein Concentrate?

Fish protein concentrate (FPC) is a powdered or liquid ingredient produced by enzymatic hydrolysis or mechanical separation of fish, yielding 70-90% protein with minimal fat and bones. Rich in essential amino acids, peptides, and micronutrients, it supports muscle recovery, immune health, and pet nutrition. Globally, it promotes circular economy principles by valorizing byproducts from species like cod, salmon, and tuna, aligning with sustainable sourcing and low-carbon footprints.

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Market Size and Growth Projections

The global fish protein concentrate market is driven by demand for premium proteins and aquaculture waste utilization. From a 2024 base of USD 0.12 billion, the market is anticipated to reach USD 0.19 billion by 2032 at 5.80% CAGR, supported by innovations in hydrolysis and flavor masking.

Europe holds a 38.5% revenue share in 2024, driven by sustainable nutrition trends, while Asia-Pacific is the fastest-growing region, fueled by aquaculture in China and Vietnam.

Market Segmentation

The market is segmented to reveal growth opportunities:

By Form

• Powder: Dominant with over 60% share in 2024, versatile for supplements and feed.
• Liquid: Growing for direct applications.

By Source

• Cod: Largest share for neutral flavor.
• Salmon: Premium for omega-3s.
• Tuna: Cost-effective.
• Others: Including herring and sardine.

By Application

• Animal Feed: Dominant with 42.7% share in 2024, for aquaculture and pet nutrition.
• Food & Beverages: Fastest-growing at 7.8% CAGR from 2025–2032, in functional bars and drinks.
• Dietary Supplements: Sports and wellness.
• Cosmetics: Peptide-based skin care.
• Pharmaceuticals: Therapeutic proteins.
• Others: Infant formula.

By Grade

• Food Grade: Largest for human consumption.
• Feed Grade: For livestock.

By Region

• Europe: 38.5% share in 2024; Norway and Denmark lead with marine resources.
• Asia-Pacific: Fastest-growing; China dominates aquaculture byproducts.
• North America: U.S. focuses on supplements.
• Middle East and Africa: Emerging in South Africa.
• South America: Brazil expanding.

Key Drivers Fueling Growth

1. Rising Demand for High-Quality Protein: Shift toward sustainable, bioavailable sources amid meat alternatives.
2. Aquaculture Waste Utilization: Circular economy from fish processing byproducts.
3. Health and Wellness Trends: Peptide benefits for muscle recovery and immunity.
4. Pet Nutrition Boom: Premium feed with marine proteins.

Challenges and Restraints

• High Production Costs: Enzymatic processes and purification elevate expenses.
• Fishy Odor and Taste: Flavor masking challenges limit food applications.
• Supply Chain Variability: Seasonal fishing and quality inconsistencies.

Opportunities

• Flavor and Texture Innovations: Neutral profiles for broader food integration.
• Sustainable Sourcing Certifications: Appeal to eco-conscious consumers.
• Emerging Market Aquaculture: Asia-Pacific byproducts for local production.

Competitive Landscape

The market is competitive, with global players focusing on R&D and expansions:

• Omega Protein Corporation (U.S.)
• Scanbio Marine Group AS (Norway)
• Bio-Marine Ingredients Ireland Ltd. (Ireland)
• 3B Biotech A/S (Denmark)
• Hofseth BioCare ASA (Norway)
• Colpex International S.A.C. (Peru)
• Nutrifish (France)
• Sopropeche (France)
• TripleNine Group A/S (Denmark)
• Janatha Fish Meal & Oil Products (India)
• Alaska Protein Recovery LLC (U.S.)
• Marutham Bio Ages Innovations Pvt. Ltd. (India)
• Mukka Proteins Limited (India)
• Bio Oregon Protein Inc. (U.S.)

Companies : https://www.databridgemarketresearch.com/reports/global-fish-protein-concentrate-market/companies

Recent developments include Hofseth BioCare's March 2023 launch of salmon-derived protein concentrates for supplements; Scanbio's February 2023 expansion in marine ingredient processing; and Omega Protein's January 2023 sustainability certification for byproducts.

Future Trends and Opportunities

By 2032, trends will emphasize bioactive peptides for anti-aging and recovery, alongside vegan-friendly marine alternatives. Opportunities in pet and sports nutrition will drive flavor-neutral, high-purity variants.

Conclusion

The Global Fish Protein Concentrate Market is set for nutritious growth to USD 0.19 billion by 2032 at 5.80% CAGR, leveraging marine sustainability. Stakeholders should address flavor challenges through innovations to capitalize on supplement opportunities. Prioritizing Europe's eco-focus and Asia-Pacific's supply will ensure a protein-rich future.

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