Europe Fish Protein Concentrate Market

Europe Fish Protein Concentrate Market Analysis 2022 - 2027:

The Europe Fish Protein Concentrate Market is expected to reach over USD x.xx million, recording a CAGR of x.xx% throughout the foreseen period (2022 - 2027).

Fish protein concentrate refers to a protein-rich ingredient obtained from fresh fish. It is mainly made for the consumption of humans and is fortified with a high protein content and is available in liquid and powder form. It also has various application in the food industry, food supplements and pharmaceuticals. Fish protein concentrates contain around 80% protein and are considered a solution for high protein diets. As it contains certain essential amino acids, it is also used in the animal feed industry.

Recent Developments 

1. Paine & Partners, LLC, a worldwide private equity firm, announced about its definitive agreement to obtain Scanbio Marine Group, a leading fish protein concentrate, fishmeal fish and fish oil producer from Scanbio AS, which is owned by Rolf Eide, Per Arne Eide, and other shareholders.
2. Scanbio Marine Group AS confirmed about its contract to purchase Tank og Masse -Transport AS and Haugland Sjotransport AS, two independent Norwegian companies that collect, store and transport fishery by-products from fish processing facilities and aquaculture fisheries in Norway.

Market Drivers and Restraints:

The European market for fish protein concentrates consists of a wide variety of products ideal for providing a ready-to-eat diet. In recent times, the lack of physical exercise, the increase in diseases such as diabetes and health awareness are leading more people to depend on a higher protein intake. However, obtaining protein is a luxury for many, as fast food and large-scale commercial farming hinder natural growth. Therefore, many high-end consumers rely on several varieties of protein concentrates available to support strength-building activities such as physical conditioning programs, sports, and strength training. The fish protein variety is likely to turn out to be a champion, as the taste of fish protein concentrates attracts more consumers, and their wide range of applications are supposed to stimulate growth. Increasing call for the usage of fish protein in animal feed is also likely to open up new growth prospects for players in the European fish protein concentrates market.

Market Segmentation

The segmentation of the Europe Fish Protein Concentrate Market is done based on the Type, Form, and End-User. On the basis of the Type, the Europe Fish Protein Concentrate Market is classified into Type A, Type B, and Type C. On the basis of the Form, the Europe Fish Protein Concentrate Market is classified into Liquid and Powder. On the basis of the End-User, the Europe Fish Protein Concentrate Market is classified into Biomedical Applications, Animal Feed, Cosmetics & Personal Care, and Food Processing.

Impact of covid-19 on Europe Fish Protein Concentrate Market

With the outbreak of coronavirus, several industries had an immense impact, especially the food & beverage sector and all its associated industries like fish protein concentrate. The shutdown of manufacturing units due to the strict lockdown conditions has resulted in the decline in sales in the fish concentrate business in several parts of the world. Europe is among the most severely affected areas of the coronavirus, especially, the regions of Italy, France, UK and others. This has led to enactment of strict government regulations for the closure of all the manufacturing units in the locale, which declined the revenue in fish protein concentrates market. However, the increasing health concerns among consumers is likely to drive the demand for fish protein concentrate in the coming years.

Regional Analysis

The market for Europe Fish Protein Concentrate has been categorized on the basis of geography into the nations of the United Kingdom, Germany, France, Italy, Spain and the rest of Europe. Europe, followed by North America, shows a significant share of the value in the global fish protein concentrates market and the main reason is the highly developed food and beverage industry in the region. The surge in disposable income and awareness about the benefits of FPC are supposed to complement the business growth in this area.

Leading Company

Colpex International held the substantial share of the Europe Fish Protein Concentrate Market in terms of sales and revenue in 2019.

Key Players

Key players in the Europe Fish Protein Concentrate Market include Bio Marine Ingredients Ireland Ltd., Colpex International, Bio Phoenix Formulations, Bevenovo Co., Aroma NZ, Ltd., S.A. de C.V., Apelsa Guadalajara, Advance International, Inc., Ingredients, Inc., Scanbio Marine Group AS, BioOregon Protein, Inc., and others.