Marine Derived Proteins Market Size & Share, By Source (Fish-based, Shellfish-based, Algae-based), Form (Concentrates, Hydrolysates, Isolates), Distribution channel (Direct sales, Distributors, Retail), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Marine Derived Proteins Market surpassed USD 7.53 Billion in 2023 and is expected to exceed USD 18.2 Billion by end of the year 2032, observing around 10.3% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 7.53 Billion
• CAGR (2024-2032): 10.3%
• Forecast Year Value (2032): USD 18.2 Billion
• Historical Data Period: 2019-2023
• Largest Region: North America
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

Marine Derived Proteins Market is expected to experience significant growth due to the rising demand for natural and sustainable protein sources. With the increasing awareness of the health benefits associated with marine proteins, consumers are increasingly opting for products derived from marine sources.

Another major growth driver for the Marine Derived Proteins Market is the expanding aquaculture industry. As the aquaculture sector continues to grow, the demand for feed ingredients such as marine proteins is also expected to increase. This presents a lucrative opportunity for players in the marine derived proteins market to capitalize on this growing segment.

The growing trend of clean label and plant-based products is also expected to drive the growth of the Marine Derived Proteins Market. Consumers are looking for more natural and clean label ingredients in their food products, and marine proteins fit the bill perfectly. This trend is expected to further boost the demand for marine derived proteins in the coming years.

Report Scope

Report Coverage	Details
Segments Covered	Source, Form, Distribution Channel
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Aker BioMarine, Corbion, Cargill, DSM, Kerry Group, Lonza, Neptune Wellness Solutions, Nippon Suisan Kaisha, Royal Greenland, SkyBiometry, Aquaculture Protein, Biomega Group, Cellulac, Epax, FMC

Industry Restraints:

Despite the promising growth prospects, the Marine Derived Proteins Market faces certain restraints that could hinder its growth. A significant limitation is the stringent regulations governing the extraction and processing of marine proteins. Compliance with these regulations can be costly and time-consuming, which may deter some players from entering the market.

Moreover, a hindrance to the Marine Derived Proteins Market is the limited availability of raw materials. The sourcing of marine proteins can be challenging, as it is dependent on factors such as weather conditions and fishing quotas. This can result in fluctuations in the supply of marine proteins, which could impact the market negatively.

Regional Forecast:

North America:

The North America marine derived proteins market is expected to witness significant growth due to the increasing demand for sustainable and healthy protein sources in the region. The United States and Canada are major contributors to the market growth in North America, with the U.S. holding a larger market share. The growing awareness about the health benefits of marine derived proteins, such as omega-3 fatty acids and high-quality amino acids, is driving the market demand in this region. Additionally, the presence of key players and research institutes focusing on marine bioactives in North America is further fueling market growth.

Asia Pacific:

The Asia Pacific marine derived proteins market is projected to experience rapid growth, particularly in countries like China, Japan, and South Korea. China is expected to dominate the market in this region, owing to the increasing focus on sustainable aquaculture practices and the growing demand for functional food ingredients. Japan and South Korea are also key markets for marine derived proteins, driven by the rising interest in seafood-based nutrition and preventive healthcare. The Asia Pacific region presents significant opportunities for market players due to the increasing disposable income and changing dietary patterns in these countries.

Europe:

In Europe, countries like the United Kingdom, Germany, and France are witnessing a surge in the demand for marine derived proteins. The market growth in Europe is attributed to factors such as the rising consumer awareness about the nutritional benefits of marine proteins, the presence of a well-established aquaculture industry, and the increasing adoption of sustainable seafood practices. The United Kingdom is expected to lead the market in Europe, followed by Germany and France. Market players are focusing on expanding their product offerings and investing in research and development activities to capitalize on the growing demand for marine derived proteins in Europe.

Segmentation Analysis:

In terms of segmentation, the global Marine Derived Proteins market is analyzed on the basis of Source, Form, Distribution Channel.

Marine Derived Proteins Market:

Fish-based Source:

The fish-based source segment of the marine derived proteins market size is anticipated to witness significant growth due to the high protein content and nutritional value of fish proteins. Fish-based proteins are gaining popularity among consumers who are seeking healthy and sustainable protein options.

Shellfish-based Source:

The shellfish-based source segment is also expected to experience growth in the marine derived proteins market. Shellfish proteins offer a unique flavor profile and are rich in essential amino acids, making them a desirable protein source for consumers looking for diverse protein options.

Algae-based Source:

The algae-based source segment of the marine derived proteins market is projected to show rapid growth, driven by the increasing demand for plant-based protein alternatives. Algae proteins are sustainable and environmentally friendly, appealing to consumers who are concerned about the environmental impact of their food choices.

Concentrates Form:

Concentrates form of marine derived proteins are expected to dominate the market due to their ease of incorporation into various food and beverage products. Concentrates provide a high concentration of proteins in a convenient form, making them a preferred choice for manufacturers in the food industry.

Hydrolysates Form:

Hydrolysates form of marine derived proteins are forecasted to witness growth, especially in the sports nutrition and dietary supplement sector. Hydrolysates are easily digestible and rapidly absorbed by the body, making them an ideal protein source for athletes and fitness enthusiasts.

Isolates Form:

Isolates form of marine derived proteins are also expected to see a surge in demand, driven by their high protein content and purity. Isolates are extensively used in functional foods and beverages, as well as in the pharmaceutical industry for their excellent protein quality and solubility.

Direct Sales Distribution Channel:

The direct sales distribution channel is projected to be a key distribution channel for marine derived proteins, allowing manufacturers to establish a direct relationship with consumers. Direct sales enable companies to communicate product benefits and offer personalized customer service, enhancing brand loyalty and customer retention.

Distributors Distribution Channel:

Distributors distribution channel is likely to play a significant role in the distribution of marine derived proteins, particularly in reaching a wider network of retailers and food service establishments. Distributors help in increasing product availability and visibility in the market, driving sales and market penetration.

Retail Distribution Channel:

The retail distribution channel, which includes supermarkets, specialty stores, and online retailers, is expected to be a major channel for the distribution of marine derived proteins. Retail outlets serve as convenient points of purchase for consumers, offering a wide range of product choices and promotional offers, driving consumer engagement and sales.

Competitive Landscape:

The competitive landscape in the Marine Derived Proteins Market is characterized by a diverse range of players, including both established corporations and emerging firms that are leveraging innovative extraction technologies and sustainable sourcing methods. These companies compete on factors such as product quality, sustainability practices, pricing strategies, and market presence. With an increasing demand for protein alternatives and the rising popularity of marine-derived ingredients in health supplements, cosmetics, and food industries, businesses are focusing on R&D to develop high-value products. Strategic partnerships, acquisitions, and geographical expansion are common trends as companies aim to enhance their competitive edge and market share in this growing sector.

Top Market Players

- DSM Nutritional Products

- NutraBlend Foods LLC

- Oceana Group Limited

- Marine Harvest ASA

- Thai Union Group PCL

- Omega Protein Corporation

- Algaia SA

- Sopropeche SA

- KitoZyme

- Calysta Inc.