Fish Protein Powder Market is predicted to reach USD 5.066.33 million at a CAGR of 5.70% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Fish Protein Powder Market”.

Fish Protein Powder Market Highlights

The global fish protein powder market is projected to witness significant growth during the review period, exhibiting a CAGR of 5.70%. The market was estimated to be USD  3,327.98 million in 2022 and is expected to reach a value of USD 5,066.33 million by the end of the forecast period (2023-2030).

Fish protein powder is a high-quality protein with low-fat content. Fish protein powder is enriched with omega-3 fatty acids, calcium, phosphorus, vitamins B2 and D, and minerals such as iodine, potassium, zinc, magnesium, and iron. These nutritional values of fish protein powder have enabled its application in various industries. Traditionally the fish protein powder was only being used as feed ingredients in animal nutrition. However, the innovation in technologies and processing methodologies has diversified the application of fish protein powder in the food, pharmaceuticals, dietary, and health supplements industries.

Fish protein powder-based products are nutritionally enriched and are being used for human and animal consumption as well. Fish protein powder is generally derived from fish, fish wastes such as bone, scales, skulls, and skins among others. The key protein products isolated from fish are fish protein concentrate, fish protein isolate, and fish protein hydrolysates. These days consumers across the globe are focusing on health and wellness and according to that they are making their preferences for products. The rising demand for products with high nutritional values is the key factor associated with the fish protein powder market growth. Moreover, the growing participation in fitness activities and sports activities is surging the demand for fish protein-based functional food products and dietary supplements. Functional foods are considered an important component of dietary supplements. In addition, dietary supplements are medicinal products that are mainly prepared to support the growth of an individual by complementing their dietary needs of lacking vitamins and minerals. 

As proteins are building blocks of the human body, it plays a vital role in the development and growth of muscles. Fitness enthusiasts and athletes always prefer protein-enriched diet to fulfill the protein levels of their bodies as they perform heavy workouts. The protein-based dietary supplements repair the damaged muscles, and tissues during the heavy workout. Moreover, the increasing incidences of CVDs (cardiovascular diseases), obesity, and other immunological diseases among the population across the globe are boosting the demand for health supplements that in turn give an impetus to sales of fish protein powder. In addition to this, increasing consumers' disposable incomes and sedentary lifestyles are favoring the demand for fish protein powder across the globe. These are the factors creating growth prospects for fish protein powder in dietary supplements and is anticipated to grow over the forthcoming years.

The global fish protein powder market is projected to witness significant growth during the forecast period. The key factors driving the growth in the market are prevalent sedentary lifestyle, rising aquatic food consumption across geographies and continued demand from the animal feed industry are poised to drive the fish protein powder market in the upcoming short-term forecast period. However, the complex manufacturing process of fish protein powder is poised to present a virtual barrier in front of players in the market, who are looking to enter the market in the short-to-medium term forecast period.

Market Synopsis

A diet rich in aquatic foods is essential for good health. Due to the lack of these elements in plant-based diets, even a moderate intake of aquatic foods can have profound health benefits. Aquatic foods are a key source of omega-3 fatty acids and also contain high levels of protein, essential amino acids, vitamins (especially A, B, and D), phosphorus, and minerals like iron, calcium, zinc, iodine, magnesium, potassium, and selenium. Several types of aquatic foods may contain different amounts of nutrients. The main distinction is in their fat content; fatty fish like sardines, salmon, and tuna are in the same family as cod and catfish, which are in the lean fish family. Eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) are the two omega-3 fatty acids that can be found in fish and other marine organisms (DHA). Omega-3 fatty acids are essential for human health, but the body does not generate them.

Eating fish regularly can help you keep your lipid levels where they should be. Those who don't eat meat and seafood, in particular, tend to be deficient in these nutrients. Dietary supplements are highly recommended by medical professionals as a means to rectify nutritional deficits. Also, it is not always practical to eat fish every day. So, consumers prefer these nutritional supplements that can replace their regular food intake. There are omega-3 fatty acids in all marine foods, but the fattier ones tend to have more of them. Including aquatic foods in one's diet regularly has been shown to have numerous health benefits, including the prevention of hypertension, depression, Alzheimer's disease, and stroke. Numerous studies, both controlled and observational, have shown that the omega-3 fatty acids found in aquatic foods are crucial to a developing baby's brain and nervous system and that children born to mothers who eat less seafood or omega-3s during pregnancy and breastfeeding have signs of delayed brain development. Many people still can't afford to eat healthily because of how expensive it is, and this is mostly due to the current food system's inability to supply nutritious goods at a fair price. While terrestrial foods are usually the focus of food system discourses because they provide the majority of the food consumed worldwide, aquatic foods are gaining attention for their unique role in providing essential fatty acids and micronutrients like iron, zinc, calcium, iodine, and vitamins A, B12, and D. This need is being met by supplementing with fish protein powder, which in turn is driving demand for fish protein powder in the aforementioned mid-term forecast period.

However, several techniques exist for isolating fish proteins from their meat. These can be broken down into washes and refinements with fresh water, a change in pH, solvent extraction, heat treatment, enzyme/acid hydrolysis, and so on. The continual use of water for washing and refining purposes is one of the most used processes. Most of the fish's water-soluble proteins have been removed to create surimi, which is fish mince. It's made up of 16% water-insoluble protein, 75% water, and 8-9% freezing stabilizers or cryoprotectants. Surimi can be formed into various fish items due to the elasticity of the water-insoluble proteins used in its production. Extraction of myofibrillar proteins requires the use of fresh, refrigerated source materials. A fish bone separator is used to remove bones from fillets. Leaching entails combining mince with cold water, then straining off the liquid using a sieve and dehydrating process. Fish species, fish freshness, washing machine type, and final product quality all have a role in determining how many times and how much water is used to wash the fish. 

A refiner/strainer is used to remove any remaining scales and connective tissues before final dewatering occurs in a screw press. Compression at 82–85% moisture, like that of a fish fillet, is achieved with the use of a screw press, which typically has holes of 0.5 mm. Following cryoprotectant mixing in a quiet cutter, the leached fish flesh is shaped into 10-kilogram blocks, bagged, and deposited on a stainless steel tray for freezing. A cardboard box is packed with two frozen blocks of surimi, each weighing 10 kg. The best storage temperature for frozen surimi is 20 degrees Celsius. Myofibrillar proteins can be extracted from oily or dark muscular fish like sardines and mackerels by using alkaline leaching to neutralize the effects of oils and haem proteins. The redness of black muscles comes from haem proteins like myoglobin and hemoglobin. Haem proteins stimulate the oxidation of fat in the black muscle, resulting in a foul, rancid odour. This portrays that the difficulty level of the process used for manufacturing is on the higher side and presents a virtual barrier for newer market entrants planning to enter the market in the short-term forecast period.

Competitive Landscape

The high competition among the players have encouraged the players to produce quality products in the market. In order to build new and quality products, numerous companies benefit from mergers, acquisitions, and product development. To preserve their positions and broaden their geographic reach, the players in the worldwide fish protein powder market are using a variety of strategies, including expansion, mergers and acquisitions, alliances, joint ventures, and product launches. To gain the largest possible market share, new product launch was the growth strategy that was most frequently used by market participants.

There are numerous international, national, and regional players in the worldwide fish protein powder industry. There is a lot of competition in this sector, and everyone is trying to increase their portion of customers' wallets. When comparing prices and quality, as well as product availability across regions, different suppliers will use different metrics. In order to be competitive, suppliers must offer reasonably priced, high-quality fish protein powder. Market and economic conditions, government laws, and technological progress all affect how quickly and how large market actors can expand. As a result, businesses in this sector need to concentrate on increasing output and refining their offerings to keep up with consumer demand. The companies in the market are investing heavily in creating new products. Although worldwide companies account for the vast majority of sales, smaller regional and local firms are also present.

Key Developments & Growth Strategies

• HBC signed its second research agreement with Stanford University for investigation on GI-protective properties of SPH/ProGo for children and adults GI tract disorders.


• The revenue of Hofseth BioCare ASA has grown by 105 % year by year, as the company signed contracts with various new processors operating in the salmon business to ensure better access to salmon in the company’s process of production.

By Region

• North America: The recent government investment in the fishing sector is likely to increase the production of fish protein powders owing to its wide usage in various application such as food & beverage, cosmetics and personal care, sports nutrition and dietary supplements, pharmaceuticals, and many more which in turn would boost its market growth. For example, in February 2022, The U.S. Department of Agriculture (USDA), through the Seafood Processors Pandemic Response and Safety Block Grant Program announced an investment of over USD 50 million in grants to help seafood processors, processing facilities, and processing vessels (SPRS).


• Europe: The growing food and beverage industry in the region coupled with the wide usage of fish protein powders in it for various application is set to propel its market growth. For example, marine protein powders can be used as nutritional supplements, as well as additives to bakery goods, noodle and pasta products, dairy products, and instant soups. In addition, rich in proteins, vitamins, and omega-3 fatty acids, high-quality marine powders have the potential to be a vital and sustainable addition to the world's food supply. Furthermore, the booming marine sector across U.K. is likely to increase the production of fish protein powders which in turn would boost its overall market growth in the upcoming years.


• Asia-Pacific: To improve the potential of these industries, the government has put in place several supportive measures. By FY 2025, the government wants to boost fish production from USD 1.86 tons to USD 9.32 tons. A network of seamless cold chains, cold storage facilities, ice plants, fish processing units, fish product units, the employment of deep-sea boats, contemporary and efficient fishing techniques, and many more have been envisioned. Hence, the strategies adopted by major government bodies is likely to increase the production of fish protein powder from fish which in turn may boost its market growth. Besides, this the recent strategies adopted by key players to expand its product portfolio and better serve the customers is likely to propel its market growth during the forecast period.


• Rest of the World: In the Middle East region, in March 2023, as part of the Kingdom's Vision 2030 program to diversify the economy, the National Fisheries Development Program intends to attract over USD 4 billion in investment from both domestic and foreign sources into Saudi Arabia's fishing industry. Furthermore, KSA is devoted to advancing the aquaculture sector. A component of KSA's vision 2030 is the sustainable production of high-quality food. The Ministry of Environment, Water and Agriculture (MEWA) has started a specific Initiative with the goal of producing 600,000 tonnes of fishery products by the year 2030 in accordance with Vision 2030. The PROGRAM (NPDF) has allocated 0.35 billion to invest in infrastructure, R&D, and marketing initiatives to unleash the sector. Furthermore, KSA is well known for producing high-quality, safe seafood products due to its stringent quality assurance systems. Hence, such policies adopted to boost the production of fish across the region is likely to increase the production of fish protein powders in order to serve the various end users which in turn would drive its market growth.