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In-Depth Analysis of the Fish Powder Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Fish Powder Market Size
The rising trend of health awareness is projected to propel the fish powder market in the coming times. Health awareness pertains to an individual's mindfulness and proactive strategies towards keeping their health in optimal condition, which includes a variety of behaviors, attitudes, and beliefs involving physical fitness, nutritional intake, and lifestyle preferences. The escalation in health awareness is driven by elements like the increasing occurrence of lifestyle-related health conditions, for example, obesity, diabetes, and heart illnesses, which have heightened the awareness about the significance of leading a healthy life. Fish powder proves to be a perfect pick for those who prioritize their health thanks to its high concentration of paramount nutrients, such as proteins, omega-3 fatty acids, and vitamins, which contribute to overall well-being and encourage a balanced, nutritional diet. In May 2022 for instance, based on a survey carried out among 1,005 American adults aged between 18-80 and adult Gen Z consumers aged 18-24 by the International Food Information Council, a US-based non-profit body, roughly 52% of the participants adhered to a certain diet or eating habit, a rise from 39% in 2021. The topmost choices were clean eating (16%), mindful eating (14%), and calorie tracking (13%). Consequently, the rising health awareness is steering the fish powder market ahead.
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What is the projected compound annual growth rate (CAGR) of the fish powder market from 2025 to 2034, and what factors influence it?
In the past few years, the fish powder market has experienced significant growth. The market, which is projected to expand from $8.82 billion in 2024 to $9.47 billion in 2025, is anticipated to achieve a compound annual growth rate (CAGR) of 7.3%. The growth that was observed in the historic period can be linked to factors such as enhanced consumer understanding of the nutritional advantages of fish, an increased desire for protein-rich and functional food components, a surge in health consciousness and preference for natural ingredients, the growth of aquaculture and fisheries sectors, the need for sustainable and environmentally friendly food options, and the high demand for fish powder in animal feed and pet food sectors.
Anticipated healthy development in the upcoming years is expected for the fish powder market, with an estimate to escalate to $12.26 billion by 2029, experiencing a compound annual growth rate (CAGR) of 6.7%. This prospective growth within the predicted period can be accredited to the uptake of fish powder as a flavoring enhancer and organic umami ingredient, focus on reducing waste and exerting fish by-products, the necessity for omega-3 fatty acids and crucial micronutrients within diets, the broadening of fish powder use in cosmetic and personal care items, and an increasing desire for fish protein in the field of sports and fitness nutrition. During the estimation period, key trends involve the microencapsulation of fish powder, natural processing and clean labeling, innovative solutions for packaging, powdered fish oil and omega-3 supplements, and the strengthening of food and beverages.
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How are the latest trends influencing the growth of the fish powder market?
Technological progress is influencing the fish powder industry. To solidify their market position, leading participants are increasingly embracing innovative technologies. For example, Cermaq Canada Ltd., a salmon farming company from Canada, utilized aeration technology from Poseidon Ocean Systems in January 2022. It was proclaimed by Cermaq Canada that this new aeration technology enabled them to reduce their CO2 emissions by more than 76,000 kg during their 2021 operations.
What are the major segments of the fish powder market and their role in driving growth?
The fish powder market covered in this report is segmented -
1) By Source: Whole Fish, By-Product
2) By Type: Steam Dried (SD) Fish Powder, Flame Dried (FD) Fish Powder
3) By Distribution Channel: B2B, B2C
4) By Application: Swine, Poultry, Aquaculture, Other Applications
5) By End-User: Food And Beverages, Sports Nutrition and Dietary Supplements, Cosmetics and Personal Care, Pharmaceuticals, Animal Feed, Fertilizer
Subsegments:
1) By Steam Dried (SD) Fish Powder: High-Protein Steam Dried Powder, Low-Odor Steam Dried Powder
2) By Flame Dried (FD) Fish Powder: Traditional Flame Dried Powder, High-Temperature Flame Dried Powder
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Which regions are key players in the growth of the fish powder market?
Asia-Pacific was the largest region in the fish powder market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the fish powder market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the fish powder market?
Major companies operating in the fish powder market include Austevoll Seafood ASA, Omega Protein Corporation, Daybrook Fisheries Inc., Cermaq Group AS, Kodiak Fishmeal Company, Pesquera Exalmar SAA, Nissui Corporation, Pesquera Hayduk S.A., Oceana Group Limited, Dalian Longyuan Fish Meal Co. Ltd., Marvesa Holding N.V., Tecnológica de Alimentos S.A., Croda International plc, Sursan Su Urunleri AS, Alaska Seafood International LLC, Pelagia AS, Scanbio Marine Group AS, Pioneer Fishing Pty Ltd., Sardina D.O.O., Novofood SA, Qingdao Future Group, Havsbrún, Norebo Holding AS, TripleNine Group A/S, United European Seafood Traders PTE LTD., Balticovo AS, Scoular Company, GC Rieber Oil AS, Austral Group SAA, FF Skagen A/S, GC Rieber Oils AS
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What Is Covered In The Fish Powder Global Market Report?
•Market Size Forecast: Examine the fish powder market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the fish powder market for a structured understanding.
•Key Players Overview: Analyze major players in the fish powder market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the fish powder market.
•Segment Contributions: Evaluate how different segments drive overall growth in the fish powder market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the fish powder market.
•Industry Challenges: Identify potential risks and obstacles affecting the fish powder market.
•Competitive Landscape: Review strategic developments in the fish powder market, including expansions, agreements, and new product launches.
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