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

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Africa is among the least developed regions in the globe. In past few years, due to increase in effort of local Government along with the aid from leading countries in the North American and European region, manufacturing and service sectors are estimated to grow rapidly in coming years. The protein industry in African region is rising steadily since past few years with growing demand of protein-based food, beverage and supplement products. Fish protein industry is a new industry and has a very low market share. Fish protein market of Africa shares around 3% of global fish protein market. In Africa, most of the growth of fish protein is coming from the dietary supplements industry, followed by food, animal feed and beverage industry.

In terms of revenue, fish protein market of Africa currently holds $3.56 million in 2018. Major drivers of fish protein market in the region are rapidly rising disposable income of the population in majority of the countries, improving lifestyle of the consumers leading to rising demand of high quality products, rapidly growing industrialization and infrastructure development and ever rising awareness of health benefits of protein consumption in dairy diets. These drivers’ projects, fish protein market of Africa to attain the value of $4.75 million by 2023, registering a CAGR of 6% during the forecast period. South Africa, Egypt and Nigeria are leading contenders in the region and provides huge opportunity for the foreign investor.

The industry of whey protein, soy protein and wheat protein are projected to grow at a rapid rate in coming years. Moreover, due to global trend of consuming less meat and more vegetable-based products, the demand of fish protein would suffer. Hence even though, fish protein market is growing at a steady rate considering many drivers but due to the presence of major restraints, the growth is estimated to be constrained. The industry of food processing other than the countries like South Africa, Egypt and Nigeria is not much developed but with continuous research in the exploration of low cost fish protein processing, many new local entrants are seeking to enter into the market. Low competition within the industry at present provides high opportunity for new comer but due to penetration of major players, the competition is expected to intensify in next decade.

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 Africa                                                               

                   5.1.1 South Africa                                                    

                   5.1.2 Egypt                                                   

                   5.1.3 Nigeria                                                 

                   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