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Fish Powder: A Leading Driver Behind Increasing Health Consciousness Fuels Growth In Fish Powder Market Market Expansion in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Fish Powder Industry Market Size Be by 2025?
In the previous years, the fish powder market has seen significant growth. The market, which is set to surge from $8.82 billion in 2024 to $9.4 billion in 2025, is expected to experience an annual growth rate of 6.5%. Factors such as heightened consumer knowledge concerning fish health benefits, a surge in demand for protein-packed and beneficial food components, increased health consciousness with a preference for natural ingredients, expansion in fisheries and aquaculture sectors, a rising need for sustainable and eco-friendly food options, as well as the requirement for fish powder in the pet food and animal feed sectors, contributed to the growth over the historic period.
What's the Long-Term Growth Forecast for the Fish Powder Market Size Through 2029?
The market for fish powder is projected to exhibit robust expansion in the coming years, reaching $12.11 billion by 2029 with a compound annual growth rate (CAGR) of 6.5%. This growth during the forecasted period is ascribed to the increasing use of fish powder as a flavor enhancer and natural umami component, focus on minimizing waste and utilizing fish by-products, the demand for omega-3 fatty acids and essential micronutrients in daily diets, the spread of fish powder usage in beauty and personal care products, and the escalating demand for fish-derived protein in the field of sports and fitness nutrition. Key trends anticipated during the forecast period incorporate fish powder microencapsulation, clean label and natural processing, inventive packaging techniques, powdered fish oil and omega-3 supplements, and fortification of food and drinks.
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What Are the Key Growth Drivers Fueling the Fish Powder Market Expansion?
As health awareness surges, the fish powder market is anticipated to grow accordingly. The term 'health consciousness' encapsulates not just an individual's knowledge but also their active participation in enhancing and maintaining their wellness. Their attitudes, practices, and perspectives about health, which includes weight management, nutrition, and lifestyle choices, are considered. The rising health consciousness is spawned by factors like the proliferation of diseases related to lifestyle, including obesity, diabetes, and heart ailments. These issues have amplified the significance of a healthier lifestyle. Fish powder poses as a perfect option for health-oriented consumers given its abundance in vital nutrients like proteins, omega-3 fatty acids, and vitamins. These essential nutrients contribute to overall wellness and fostering a balanced, nourishing diet. For example, an evaluation in May 2022 performed by the International Food Information Council-a non-profit organization based in the U.S.-revealed that roughly 52% of the 1,005 American adult participants aged 18-80 and Gen Z adults aged 18-24 followed specific dietary or eating patterns. This is a significant rise from the 39% recorded in 2021. Moreover, clean eating (16%), conscious eating (14%), and calorie tracking (13%) emerged as their top preferences. Hence, the burgeoning health consciousness is becoming a catalyst for the fish powder market.
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What Are the Key Trends Driving Fish Powder Market Growth?
Technological progression is influencing the fish powder market. Major market players are embracing different technology improvements to enhance their market position. For instance, Cermaq Canada Ltd., a salmon farming company based in Canada, implemented aeration technology from Poseidon Ocean Systems in January 2022. According to reports, this new aeration technology provided by Poseidon Ocean Systems has assisted Cermaq Canada in reducing their CO2 emissions by more than 76,000 kg in the year 2021.
How Is the Fish Powder Market Segmented?
The fish powdermarket 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 Companies Are Leading the Charge in Fish Powder Market Innovation?
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
Which Regions Are Leading the Global Fish Powder Market in Revenue?
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.
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