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Published June, 2018
North America Fish Protein Market- Size, Trends, Competitive Analysis and Forecasts (2018-2023)

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North America is one of the largest markets of fish protein in the world. This region currently possesses around 35% of global fish protein market. U.S. and Canada are leaders in the North America fish protein industry. Both of these countries combined captures around four-fifth of North America fish protein market. Major drivers of fish protein industry in both of these countries includes surging demand of supplement products especially among young and middle-aged population, increasing alternative protein sources due to growing sensitiveness towards the lactose and gluten containing protein and growing concern about the health particularly due to obesity. The market revenue of North America is currently estimated at $1.24 million in 2018. Considering the current trend in the major countries of this region, the market revenue is further projected to attain the value of $1.63 million by 2023, registering a CAGR of 5.7% during the forecasting period 2018 to 2023.

Mexican fish protein industry though shares just 16% of fish protein market but considering the size of the customer base and competition from other protein types, the fish protein market of the country is growing rapidly compared to the fish protein market of other countries in the region. Even though fish protein market of North American region shares highest percentage share and presents huge opportunity of growth in coming years, but there are some restraints that will hinder the growth. These restraints include rapidly rising market of alternative protein sources such as soy, pea and wheat protein, growing population adopting vegetarian and vegan lifestyle and increasing new entrant in the fish protein industry from the emerging countries such as China, India, among others that can produce the products at relatively low costs.

U.S. and Canada have strictly regulated guidelines and rules with respect to the food processing. Additionally, respective Government of these countries highly supports companies based in these countries in terms of innovation, research and other important activities that aids the local producers. Advance International Inc., Ingredients Inc., Omega Protein, Alaska Protein Recovery and BioOregon Protein are leading players based in U.S. These companies are investing heavily to develop production capabilities, driving aggressive marketing campaign and introduce new products in the market meeting the current needs of the consumers.

Key Deliverables

  • Market trends since 2014 and five year forecasts of market growth 
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments and countries  
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects and competition pattern
  • Insights on growth potential of the market
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry


1. Introduction                                                                  

          1.1 Research Methodology                                                  

          1.2 Scope of the Study                                                       

          1.3 Assumptions                                                      

2. Summary                                                            

          2.1 Market Summary by Type                                                       

          2.2 Market Summary by Application                                                         

          2.3 Market Summary by Geography                                                         

          2.4 Business Trends Summary                                                       

3. Industry Dynamics                                                         

          3.1 Drivers                                                    

                   3.1.1 Rising awareness about the benefits of dietary supplements                 

                   3.1.2 Growing demand of lactose free and gluten free products           

                   3.1.3 Rising consumption of Functional food products                                 

                   3.1.4 Expanding processed seafood industry                                              

          3.2 Restraints                                                

                   3.2.1 Increasing trend of veganism and vegetarianism                                 

                   3.2.2 Low awareness about fish protein                                          

                   3.2.3 High cost of extraction                                      

                   3.2.4 Less dexterity of product and limited scope of application                    

          3.3 Opportunities                                                     

                   3.3.1 Surging prescription of supplementary products                                 

                   3.3.2 Growing demand of alternative protein sources                                  

                   3.3.3 Increased investments in R&D                                      

                   3.3.4 Expanding Sports nutrition market                                          

          3.4 Porter’s Five Forces Analysis                                                    

                   3.4.1 Bargaining power of Suppliers                                      

                   3.4.2 Bargaining power of Buyers                                         

                   3.4.3 Degree of Competition                                      

                   3.4.4 Threat of Substitution                                       

                   3.4.5 Threat of new entrants                                               

          3.5 Future Trends in Fish Protein Industry                                                 

          3.6 Value Chain Analysis                                                     

          3.7 Industry Policies & Regulations                                                 

                   3.7.1 North America                                       

                   3.7.2 Europe                                       

                   3.7.3 Asia-Pacific                                            

          3.8 Market Innovations                                                      

4. Market Size and Forecast                                                          

          4.1 Market Share, by Types                                                

                   4.1.1 Fish Protein Concentrate                                             

                   4.1.2 Fish Protein Isolate                                          

                   4.1.3 Hydrolyzed Fish Protein                                              

          4.2 Market Share, by Processing                                                    

                   4.2.1 Isoelectric Solubilization                                              

                   4.2.2 Solvent Extraction                                            

                   4.2.3 Enzymatic Hydrolysis                                        

                   4.2.4 Others                                        

          4.3 Market Share, by Application                                                   

                   4.3.1 Food                                          

                    Infant Formula                                    




                    Dairy Alternatives                                 

                    Meat Analogues & Extenders                                     

                    Processed Seafood Products                                     


                   4.3.2 Beverages                                             

                   4.3.3 Dietary Supplements                                        

                   4.3.4 Animal Feed                                          

                   4.3.5 Others                                        

5. Country Market Share                                                              

          5.1 North America                                                    

                   5.1.1 U.S.                                           

                   5.1.2 Canada                                       

                   5.1.3 Mexico                                        

                   5.1.4 Others                                        

6. Competitive Analysis                                                                

          6.1 Market Share Analysis                                                   

          6.2 Growth Strategies of leading players                                                   

          6.3 Investment and Development Prospects                                                       

                   6.3.1 Investment in past five years                                      

                   6.3.2 Investment Opportunities                                           

          6.4 Competition Pattern                                                      

                   6.4.1 Concentration Ratio                                          

                   6.4.2 Industry Competition                                        

          6.5 Price Trend Analysis                                                      

                   6.5.1 Product Classifications and Their Prices                                             

                   6.5.2 Factors Influencing Prices                                            

7. Company Profiles                                                          

          7.1 Triple Nine Group A/S                                                   

          7.2 Advance International Inc.                                                       

          7.3 Ingredients Inc.                                                  

          7.4 Omega Protein                                                   

          7.5 Alaska Protein Recovery                                                

          7.6 Guyamas Protein Company                                                     

          7.7 Bacarel Express                                                  

          7.8 BioOregon Protein                                                        

          7.9 Sopropeche                                                       

          7.10 Hofseth Biocare ASA                                                   

          7.11 A. Costantino & C. S.P.A.                                                      

          7.12 Aroma NZ