Marine Protein Market

Marine Protein Market Outlook (2023 to 2033)

The global marine proteins sales are expected to expand from US$ 7,634.9 million in 2023 to US$ 20,190.0 million by 2033. Over the next ten years (2023 to 2033), global Marine Protein sales are likely to soar at 10.2% CAGR.

Key Trends Listed by Fact.MR :

• Global demand for marine protein is rising as a sustainable and nutrient-dense food source.
• Sustainable aquaculture uses ethical methods to meet demand while having the least possible negative effects on the environment.
• Increasing demand for marine protein due to the growing global population and interest in healthier diets.
• The development of sustainable aquaculture, utilization of underutilized species, and technological advancements in processing are key trends in the marine protein industry.
• Marine protein substitutes made from plants are being developed to satisfy vegetarian and vegan customers.
• Innovations in processing methods to improve the nutritional profile and practical qualities of marine protein products are examples of nutritional innovation.
• Transparency and traceability To guarantee product quality and sustainability, the marine protein supply chain should place a greater emphasis on traceability and transparency.
• The incorporation of technology, such as automation and artificial intelligence, to improve the quality of seafood and maximize production efficiency.

Marine protein comes in different forms depending on the source organism and its processing methodologies. Each type offers distinct benefits that align with specific health goals and uses.

Demand for marine protein products specifically in India and other popular countries like Unites States has experienced somewhat sluggish growth compared to other regions like China and Southeast Asia. The rising population and disposable income levels could drive up demand over time. Overall, while it might not be booming yet, there is definitely potential for growth in the future!

Attributes	Key Insights
Estimated Global Marine Protein Market Size (2023E)	US$ 7,634.9 million
Projected Marine Protein Market Value (2033F)	US$ 20,190.0 million
Value-based CAGR (2023 to 2033)	10.2%
Top 3 Countrie’s Value	US$ 2,829.8 million

According to the Fact.MR analysis, global marine protein sales grew at a CAGR of 10.7% from 2018 to 2022. For the next ten years, the worldwide market for Marine Proteins is forecast to progress at 10.2% CAGR.

There are many valuable nutritional aspects of consuming marine proteins. One notable benefit is their contribution to one’s total protein intake. Another advantage of incorporating more marine protein into your diet comes down to satiety levels. Protein takes longer to break down and absorb in comparison to quick-digesting processed snacks.

Therefore, choosing marine protein sources results in staying full and satisfied for extended periods. This leads to less frequent snacking, lower net sugar intake, fewer empty calories, improved insulin sensitivity, and reduced inflammation. Incorporating healthy fats along with adequate protein in every meal allows for sustained energy release throughout the day while reducing hunger pangs and promoting higher adherence to desired eating patterns.

Adjacent Markets Overview :

Marine Collagen Market :

Attributes	Marine Collagen Market
CAGR (2023 to 2033)	6.8%
Market Value (2033)	US$ 1.8 billion
Growth Factor	Marine collagen-based supplements with a high protein content are in high demand.
Opportunity	Ability to enhance skin comfort, hydrate the epidermis, boost skin elasticity, condition, and skin and hair, and counteract surfactant side effects.
Key Trends	The popularity of vegan products, probiotics, Omega-3 products, and healthy lifestyles is growing.

Marine Enzymes Market :

Attributes	Marine Enzymes Market
CAGR (2023 to 2033)	6.8%
Market Value (2033)	US$ 876.34 million
Growth Factor	Increasing enzymes range of potential applications in various industries on a global level
Opportunity	Marine enzymes offer a natural and sustainable alternative to synthetic chemicals, opening up a sizable market.
Key Trends	Marine enzymes offer a flexible and natural solution for many health and wellness applications, creating a sizable opportunity for market expansion.

Dietary Supplements Market :

Attributes	Dietary Supplements Market
CAGR (2023 to 2033)	8.0%
Market Value (2033)	US$ 354.1 billion
Growth Factor	The demand has increased due to the rising popularity of fitness enthusiasts and gymgoers.
Opportunity	Growing public knowledge of the advantages of nutrients and dietary fiber.
Key Trends	The market participants have grown stronger thanks to innovation in the manufacture and storage of these goods.

Country-wise Insights :

North America - CAGR

Country	CAGR (%)
United States	11.3%

Europe - CAGR

Country	CAGR (%)
United Kingdom	8.7%

Asia Pacific - CAGR

Country	CAGR (%)
China	12.7%
India	14.0%
Japan	11.5%

North America - Market Value (2023)

Country	Market Value (2023)
United States	US$ 2,656.9 million

Europe - Market Value (2023)

Country	Market Value (2023)
United Kingdom	US$ 404.6 million

Asia Pacific - Market Value (2023)

Country	Market Value (2023)
China	US$ 1,443.0 million
India	US$ 1,259.8 million
Japan	US$ 847.5 million

What are the Main Drivers for Marine Protein Market in the United States?

Increasing Health Awareness and Benefits of Marine-Based Protein

As Per Fact.MR, United States Marine Proteins market is expected to reach a valuation of around US$ 2,656.9 million by 2032.

Several important factors that influence the demand for and growth of marine protein in the United States are driving this market. Omega-3 fatty acids, vitamins, and minerals, which are good for heart health, brain development, and general well-being, are among the many important nutrients found in seafood.

Marine-based proteins offer numerous advantages over terrestrial alternatives. For starters, they often have a superior nutrient profile that makes them more appealing to consumers who prioritize nutrition and functionality above taste alone. These proteins tend to be higher in various vitamins, minerals, fatty acids, and antioxidants, making them an ideal choice for anyone looking to optimize their body's overall health and fitness.

What is Driving Marine Protein Demand in China?

Including Government Initiatives, Consumer Trends

According to Fact.MR analysis, the China Marine Proteins industry is poised to exhibit a CAGR of 12.7% during the assessment period. By 2033, the China market size is expected to reach US$ 3,634.1 million.

China has a large population with changing food habits and dietary preferences changes which directly impact the market. The demand for marine protein products in China is influenced by multiple factors, including government initiatives, consumer trends, and economic growth. On the government front, policies aimed at modernizing the aquaculture industry have led to increased investment in research and development, creating innovations in breeding technology and driving production efficiency.

At the same time, Chinese authorities are focusing on improving food safety standards through regulations enforcing stricter quality control measures on imported and domestically produced fisheries. Consumer preferences play a crucial role in shaping the market, with more Chinese households becoming interested in integrating healthier, sustainably sourced marine protein in their diets.

This shift toward healthier lifestyles is being driven by demographic changes and rising household incomes, enabling greater accessibility to premium seafood products. Economically speaking, the rapidly expanding middle class is contributing significantly to the increasing demand for fishery products.

What is the Demand Outlook for the Marine Protein in India Market?

Rising Population and Urbanization with Health-Conscious Consumers

Marine Proteins demand in India is anticipated to rise at a CAGR of 14.0% during the forecast period from 2023 to 2033. By the end of 2033, India is likely to hold a market share of 22.5% on the global level.

Growing Urbanization, as more Indians move into cities, they have access to different types of cuisine and diets that include marine proteins. Consumers want to try new flavours and experiment with their dietary choices. Also, change in dietary preferences affecting positively to marine protein market.

The younger generation in India is turning away from traditional staple grains like rice and wheat, instead favouring protein-rich diets including marine sources. Additionally, many Indians are looking at non-vegetarian options and adopting flexitarian diets.

Category-wise Insights :

Which is the Most Popular Form Consumed of Marine Protein Worldwide?

Powder Form Consumed for Convenience and Versatile Application

Based on product type, demand is expected to remain high for marine proteins during the assessment period. As per Fact.MR, with a market share of around 38.1%.

Due to the numerous benefits, it provides in terms of preservation, convenience, and versatility, powder form is popular for marine protein. First of all, compared to fresh or frozen seafood, marine protein powders have excellent stability and longer shelf life. Protein moisture is removed during the drying process, lowering the possibility of spoilage and microbial growth. This makes the marine protein in powder form a practical option, particularly in marine environments where access to fresh seafood may be constrained.

Second, marine protein powders are very practical and simple to transport and store. It is appropriate for shipping and distribution because the powder form allows for space-saving packaging. This is especially helpful in marine industries where there is frequently a shortage of space, like on fishing boats, offshore platforms, or isolated coastal areas. When necessary, powdered marine protein can be reconstituted with water or other liquids to serve as an easy and quick source of nutrition.

Why are Consumers Preferring Online Shopping for Marine Protein?

Ready Availability Making Conventional Marine Protein Popular

Due to several factors, consumers are choosing to buy marine protein online more frequently. First off, online shopping provides flexibility and convenience. Consumers can browse a variety of marine protein products from the convenience of their homes or offices with just a few clicks. Without having to physically visit different stores, they can compare prices, read reviews, and make educated decisions. Busy people who might not have the time or ability to visit physical stores may find this convenience factor to be particularly appealing.

Online sales and prices are frequently competitive. E-commerce platforms can offer discounted prices and special promotions because they have lower overhead costs than traditional brick-and-mortar retailers. Customers can benefit from these price reductions while still receiving high-quality marine protein products at their door. Online marketplaces frequently offer comprehensive product information, such as nutritional value and certifications, empowering customers to make healthier and more environmentally friendly decisions.

Competitive Landscape :

Leading marine protein manufacturers are constantly launching a new range of products to meet consumer demand. They are also using strategies such as mergers & acquisitions, partnerships, distribution agreements, collaborations, advertisements, and celebrity endorsements to gain a competitive edge in the market.

For instance :

• A partnership between BlueNalu, a manufacturer of seafood products in California, and Nutreco, a producer of aquafeed, was announced in January 2020. BlueNalu will benefit from this partnership as they reposition themselves in the market for seafood manufacturing.
• Seafood producer Cooke Inc. purchased Houston-based Omega Protein Corporation to support its growth strategy as a market leader in seafood production as well as the company's expanded supply side of the business.
• Leading cellular aquaculture business BlueNalu is dedicated to creating seafood products from the cells of fish. By obviating the need for conventional fishing and aquaculture methods, they seek to develop a more sustainable seafood industry. While seafood is their main focus, they have looked into the potential of marine proteins.

Scope of the Report :

Attribute	Details
Market Size Value in 2023	US$ 7,634.9 million
Market Forecast Value in 2033	US$ 20,190 million
Anticipated Growth Rate (2023 to 2033)	10.2% CAGR
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Volume (MT) Value (US$ Million)
Key Regions Covered	Latin America North America Europe South Asia East Asia Oceania Middle East & Africa
Key Countries Covered	Canada United States Mexico Brazil Chile Peru Argentina Germany France Italy Spain United Kingdom Netherlands Belgium Nordic Russia Poland China Japan South Korea India Thailand Malaysia Indonesia Singapore Australia New Zealand GCC Countries South Africa Central Africa Others
Key Market Segments Covered	By Source By Form and Distribution Channel Region
Key Companies Profiled	Optimum Nutrition, Inc BioTechUSA TCI CO., LTD Further Food Vital Proteins LLC Hunter & Gather Shiseido Co. Ltd The Clorox Company THE BOUNTIFUL COMPANY. Codeage LLC Everest NeoCell LLC

Marine Protein Market by Category :

• By Source :

  • Fish -based
  • Shellfish-based
  • Algae-based
  • Other

• By Form :

  • Capsules
  • Powder
  • Liquid

• By Distribution Channel :

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Drug Stores and Pharmacies
  • Health and Wellness Stores
  • Other Retailers
  • Online Retailing

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa