Global Fish Extracts Granule Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Fish Extract Granules are known for their content which includes high levels of Omega 3 fatty acids and essential minerals along with vitamins making them a popular choice for dietary supplements and functional foods usage. They are also widely used in animal feed due, to their protein nature that contributes positively to the growth and well being of livestock.
Market Key Insights
- The Fish Extracts Granule market is projected to grow from $675.9 million in 2024 to $1.57 billion in 2034. This represents a CAGR of 8.8%, reflecting rising demand across Agricultural Fertilizers, Pharmaceutical Supplements and Animal Feed Additives.
- Ocean Star International, Copeinca AS, Mukka Sea Food Industries lead the market as major players who determine its competitive dynamics.
- U.S. and Japan are the top markets within the Fish Extracts Granule market and are expected to observe the growth CAGR of 6.4% to 9.2% between 2024 and 2030.
- Emerging markets including Brazil, Nigeria and South Korea are expected to observe highest growth with CAGR ranging between 8.4% to 11.0%.
- The Fish Extracts Granule market will experience a $132.8 million growth boost from Transition like Embrace of Sustainable Methods during the 2030 period.
- The Fish Extracts Granule market is set to add $895 million between 2024 and 2034, with manufacturer targeting Fertilizers & Health Supplements Application Sector projected to gain a larger market share.
- With Rising health consciousness, and Expansion in aquaculture, Fish Extracts Granule market to expand 132% between 2024 and 2034.
Opportunities in the Fish Extracts Granule
Advancements in technology play a role across various industries including the fish extract granule sector as well – embracing new innovative methods for extraction and production can result in the development of superior quality products, with enhanced nutritional value that can boost their demand across a wide range of applications.
Growth Opportunities in North America and Europe
North America Outlook
In the North American market, the demand for Fish Extracts Granule has seen consistent growth. Top opportunities in this region lie within its application in the food and beverage industry, which have driven a surge in consumption. Boasting a thriving fish processing sector, North America is set to witness a heightened demand for Fish Extracts Granule in the foreseeable future. A significant driver in this region is the growing awareness regarding the health benefits of marine-based products, prompting businesses to leverage the potential of Fish Extracts Granule to cater to the health-conscious market segment. However, the competitive landscape is intense as prominent players adopt strategies to enhance their market penetration and strengthen their foothold.
Europe Outlook
The European market for Fish Extracts Granule has shown robust growth fueled by developing technology in processing, rising trends of organic products, and its usage in pharmaceutical applications. Europe's strict regulatory policies on food safety and product quality render a unique competitive edge to Fish Extracts Granule, attracting global attention to the region for its high-quality products. The burgeoning demand for sustainable and organic animal feed due to increased livestock farming is a significant driver in this region. The region hosts prominent players in the field, contributing to a fiercely competitive environment with rigorous efforts to innovate and expand. Capitalizing on these trends and drivers can unlock immense market potential for businesses dealing with Fish Extracts Granule in both regions.
Market Dynamics and Supply Chain
Driver: Rising Health Consciousness, and Technological Advancements in Production
The growth of the aquaculture sector is also leading to a rise in the need, for Fish Extract Granules well. These nutrient packed granules are also commonly utilized as feed to boost the being and development of aquatic creatures while enhancing the quality and quantity of yields.
Restraint: Regulation Compliance Challenges
Opportunity: Strategic Collaborations to Boost Global Reach and Expanding Aquaculture Practices
The growing emphasis on aquaculture in the production of seafood is leading to a rise in the utilization of fish extract granules as a feed supplement in vital nutrients that promote the well being and development of aquatic organisms. Implement this practice widely in the fast growing aquaculture sector could bring about favorable opportunities, in the market.
Challenge: Fluctuating Raw Material Prices
Supply Chain Landscape
Neptune Bio-Innovations
BioOregon Protein
Qingdao Future Group
Titan Biotech Ltd
Marvellous Green Co. Ltd
Tiger Corporation
Single Cell Protein
Pet Food
Bait
Neptune Bio-Innovations
BioOregon Protein
Qingdao Future Group
Titan Biotech Ltd
Marvellous Green Co. Ltd
Tiger Corporation
Single Cell Protein
Pet Food
Bait
Applications of Fish Extracts Granule in Agricultural Fertilizers, Pharmaceutical Supplements & Animal Feed Additives
In the agricultural domain, Fish Extracts Granule has become a popular choice for organic fertilization. Notably, cold water, enzymatically digested fish extracts granule is highly desired due to its nutrient-rich profile. Providing a sustainable and toxin-free alternative to synthetic fertilizers, it greatly enhances soil fertility and plant growth. Major players like Seasol and Neptunes Harvest have leveraged the strength of this application, securing a substantial market position due to their high-quality products.
Fish Extracts Granule gains significant prominence as a dietary supplement in animal feed formulation. Predominantly, granules derived from heat-dried fish are used in this segment due to their high protein content and palatability. The use of these granules significantly improves animal health and productivity, creating a unique advantage over conventional feed additives. Major market players like Cargill and DSM have showcased excellence in providing high-quality fish extracts granule-laden animal feeds.
The incorporation of Fish Extracts Granule in the pharmaceutical industry is mainly tied to its omega-3 fatty acids and protein-rich properties. Granules based on oily fish such as salmon are leveraged for their health-beneficial nutrients. Consequently, they are widely used in the production of dietary supplements promoting heart health, brain development, and overall wellness.
Recent Developments
Global company FishAid launched its highest quality fish extracts granule product with advanced preservation techniques, increasing its shelf life by 50%
GleanProduce, a leading manufacturer in the industry, expanded its product line by introducing a new Fish Extracts Granule for aquaponics, driving a significant increase in market demand
Market leader AquaEclat revolutionized the sector by introducing its patented Fish Extracts Granule technology which doubled the nutritional content, prompting a drastic shift in consumer preferences.