Report : North America Fish Protein Isolates Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Form (Powder and Liquid) and Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, Personal Care, and Animal Nutrition)
At 3.4% CAGR, the North America Fish Protein Isolates Market is speculated to be worth US$ 427.92 million by 2028, says Business Market Insights
According to the Insight Partners’ research, the North America fish protein isolates market was valued at US$ 349.76 million in 2022 and is expected to reach US$ 427.92 million by 2028, registering a CAGR of 3.4% from 2022 to 2028. Surge in demand for protein-rich food products and rising application of fish protein isolates in various end-use industries are the critical factors attributed to the North America fish protein isolates market expansion.
The demand for protein-rich food products is increasing in the food & beverages industry, owing to the surge in the number of health-conscious consumers, rising disposable income, and growing consumer awareness. The consumption of fish protein isolates offers various health benefits, including a healthy heart and brain. Protein-rich food products reduce appetite and hunger, increase muscle mass and strength, reduce cravings, boost metabolism, and help maintain weight loss. Further, the antioxidant and bioactive properties of fish protein isolate aid in relieving several gastrointestinal issues, such as irritable bowel syndrome. Also, the fish protein isolate is easily soluble in food products and is highly suitable for human consumption. Omega-3 fats have been shown to help prevent heart disease and stroke, may help control lupus, eczema, and rheumatoid arthritis, and may play protective roles in cancer and other conditions. The increasing demand for functional foods, nutritionally enhanced with omega-3 fatty acids, reduced sodium, and high protein content will fuel the North America fish protein isolates market growth. The rising working population, coupled with tremendous work pressure and hectic lifestyle, is another major factor that is boosting the demand for convenience food products with high protein content, to maintain a nutritional and balanced diet, this factor is contributing to the market growth of fish protein isolates. Fish protein isolates contain many essential vitamins, proteins, and other essential amino acids, which encourages its application in the food & beverages industry. Thus, the surge in demand for protein-rich food products among consumers is increasing the need for fish protein isolates, which is driving the North America fish protein isolates market.
On the contrary, rising vegan population hurdles the growth of North America fish protein isolates market.
Based on form, the North America fish protein isolates market is bifurcated into powder and liquid. The powder segment held 92.8% share of the North America fish protein isolates market in 2022, amassing US$ 324.53 million. It is projected to garner US$ 397.62 million by 2028 to expand at 3.4% CAGR during 2022–2028.
Based on application, the North America fish protein isolates market is segmented into food and beverages, pharmaceuticals and nutraceuticals, personal care, and animal nutrition. The pharmaceuticals and nutraceuticals segment held 34.8% share of the North America fish protein isolates market in 2022, amassing US$ 121.66 million. It is projected to garner US$ 142.69 million by 2028 to expand at 2.7% CAGR during 2022–2028.
Based on country, the North America fish protein isolates market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 78.1% share of the North America fish protein isolates market in 2022. It was assessed at US$ 273.05 million in 2022 and is likely to hit US$ 332.55 million by 2028, exhibiting a CAGR of 3.3% during the forecast period.
Key players profiles in the North America fish protein isolates market report are Advance International, Inc; Bio-marine Ingredients Ireland Ltd; Biomega Group AS; Copalis Industry SAS; Hofseth BioCare ASA; PeterLabs Holdings Sdn Bhd; and Sopropeche SA, among others.
- Jun-2022,Biomega Group AS, a global market-leader in sustainable biotechnology that produces high-quality ingredients for human and pet nutrition, has announced the launch of its bioactive salmon peptides under the brand name, biomega SalMe Peptides
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