Marine Derived Proteins Market Size - By Source (Fish-based, Shellfish-based, Algae-based), Form (Concentrates, Hydrolysates, Isolates), Distribution channel (Direct sales, Distributors, Retail), Growth Prospects, Regional Outlook & Forecast, 2024 – 2032

Marine Derived Proteins Market Size

Marine Derived Proteins Market size was valued at USD 7.46 billion in 2023 and is estimated to observe 10.2% CAGR from 2024 to 2032. Marine-derived proteins refer to proteins sourced from marine organisms such as fish, shellfish, and algae. These proteins are extracted and processed into various forms, including concentrates, hydrolysates, and isolates.
 

The marine-derived proteins market is witnessing significant diversification led by the growing consumer demand for alternative protein sources, particularly in the health and wellness sector. With a rising awareness of the nutritional benefits associated with marine proteins, the market has experienced substantial growth. Factors contributing to this expansion include increased interest in sustainable and eco-friendly food choices, a surge in the global population's focus on fitness and nutrition, and the development of innovative processing technologies.
 

The market's growth is further propelled by diverse distribution channels, including direct sales, distributors, and retail outlets, providing consumers with accessible options to incorporate marine-derived proteins into their diets.
 

As marine ecosystems face increasing levels of pollution from industrial, agricultural, and urban activities, there's a growing risk of contaminants accumulating in marine organisms. This environmental threat raises concerns about the safety and quality of marine-derived proteins, impacting consumer confidence and market growth. To address this pitfall, stringent quality control measures, sustainable fishing practices, and effective purification processes are crucial.
 

Companies operating in the marine-derived proteins market must prioritize sustainability and transparency to mitigate the negative effects of pollution on product safety and maintain the market's integrity. Collaborative efforts between industry stakeholders, regulatory bodies, and environmental organizations are essential to overcome these challenges and ensure the long-term viability of the market.
 

Marine Derived Proteins Market Trends

Spurred by rising health awareness and increasing concerns about sustainability, the marine derived proteins industry is experiencing explosive growth. Consumers are drawn to the impressive nutritional profile of these proteins, boasting benefits for muscle health, cognitive function, and overall well-being. Additionally, the growing focus on environmentally conscious choices pushes consumers towards sustainable protein sources like marine-derived alternatives.
 

Technological advancements are further fueling the market's expansion by making these proteins more accessible and versatile. Innovative extraction and processing techniques are enhancing yields, purity, and bioactivity, while novel delivery formats like powders and capsules increase convenience and consumption. The applications of marine proteins are also expanding beyond traditional food and beverage uses, finding their way into pharmaceuticals, nutraceuticals, cosmetics, and even animal feed.
 

Marine Derived Proteins Market Analysis

Based on source, the fish-based source segment dominated around USD 5.04 billion revenue in 2023. The source growth within the market is multifaceted, with notable contributions from various segments. Shellfish-based proteins are experiencing increased demand due to their rich nutritional profiles and versatility in culinary applications. Algae-based proteins, recognized for their sustainability and potential as plant-based alternatives, are gaining traction amid the rising trend of plant-centric diets.
 

Moreover, the category labeled as "Other" incorporates diverse marine sources, fostering innovation and exploration of novel protein options. This source diversification aligns with consumer preferences for sustainable and health-conscious choices, propelling the overall growth of the marine derived proteins market. The market's dynamism, driven by the expansion across these diverse sources, reflects an industry responsive to evolving consumer demands and a commitment to providing sustainable protein solutions.
 

Based on form, the concentrate-based segment accounted for 45% of the marine derived proteins market share in 2023. Hydrolysates and isolates are witnessing substantial growth within the market. Hydrolysates, characterized by their pre-digested nature, offer enhanced bioavailability and quicker absorption, making them increasingly popular among consumers seeking efficient protein sources. This form is particularly attractive to athletes and fitness enthusiasts. Isolates, on the other hand, represent a more purified and concentrated protein form, appealing to those aiming for protein supplementation with minimal additives.
 

The market growth for both hydrolysates and isolates is propelled by the rising awareness of the health benefits associated with marine-derived proteins and the broader trend toward protein-focused diets. These forms cater to diverse consumer preferences, contributing significantly to the expanding market share of Marine Derived Proteins.
 

Based on Distribution channel, the market segmented as direct sales, distributors, retail. The marine derived proteins market is experiencing robust growth across diverse distribution channels, namely direct sales, distributors, and retail outlets. Direct sales channels, including online platforms and company-owned stores, are capitalizing on the convenience and accessibility they offer to consumers seeking marine-derived protein products.
 

Distributors play a pivotal role in expanding market reach by efficiently supplying products to various retail establishments. Retail, encompassing supermarkets, health food stores, and specialty stores, contributes significantly to market growth as it provides consumers with a wide array of options for incorporating marine-derived proteins into their diets. The dynamic synergy among these distribution channels fosters a broad market presence, ensuring that marine-derived proteins are readily available to a diverse consumer base.
 

United States emerged as the unrivaled leader in the North American region's marine derived proteins market, boasting a commanding majority revenue share and a substantial revenue of USD 1.55 billion in 2023. This financial prowess not only underscored the nation's current dominance but also set the stage for a promising trajectory, with projections indicating a significant and sustained expansion from 2024 to 2032.
 

The factors contributing to the U.S.'s market supremacy encompass a combination of robust consumer demand, advanced technological infrastructure, and a strategic emphasis on sustainable and innovative practices within the marine protein industry. As the United States continues to spearhead advancements in the marine-derived proteins sector, its role as a key player in shaping the future of the North American market remains evident, affirming its position as a pivotal driver of growth and innovation in the evolving landscape of marine protein consumption
 

Marine Derived Proteins Market Share

Aker BioMarine and Corbion have emerged as standout frontrunners in the Asia-Pacific marine derived proteins industry, demonstrating a remarkable ability to capture significant market shares and establish solid positions within the region. One key factor contributing to their success is an expansive market reach. Both companies have strategically expanded their distribution networks across various Asian countries, forming valuable partnerships with local distributors and retailers. This strategic approach not only facilitates efficient product delivery but also enhances market penetration, playing a pivotal role in their dominance of market shares.
 

A crucial aspect of Aker BioMarine and Corbion's success lies in their diverse product portfolios. Recognizing the varied needs of Asian consumers, these companies offer an extensive range of marine-derived protein products, including krill oil, fish collagen peptides, fish oil, and other protein concentrates. This diversified product offering enables them to cater to a broad spectrum of consumer preferences and dietary choices, reinforcing their market share and ensuring adaptability to the diverse Asian market.
 

The strong brand reputation of Aker BioMarine and Corbion within the Asia-Pacific region is another key factor behind their marine derived proteins market dominance. These companies have positioned themselves as trusted and reliable brands, emphasizing qualities such as quality, sustainability, and ethical sourcing practices. This commitment fosters consumer confidence and loyalty, playing a pivotal role in driving sustained market share growth. Additionally, their strategic marketing efforts, tailored to the unique preferences of Asian consumers, and a focus on continuous innovation and product development further solidify their positions as leaders in the dynamic and promising Asia-Pacific market.
 

Marine Derived Proteins Market Companies

Major companies operating in the marine derived proteins industry include:

• Aker BioMarine
• Corbion
• Cargill
• DSM
• Kerry Group
• Lonza
• Neptune Wellness Solutions
• Nippon Suisan Kaisha
• Royal Greenland
• SkyBiometry
• Aquaculture Protein
• Biomega Group
• Cellulac
• Epax
• FMC Corporation
   

Marine Derived Proteins Industry News

• In July 2023, Neptune Wellness Solutions announces partnership with a major Asia-Pacific food and beverage company to expand its krill oil distribution in the region. This collaboration aims to leverage Neptune's expertise in krill oil extraction and the partner's strong market presence in Asia-Pacific to significantly increase the availability of krill oil products to consumers.
   
• In September 2023, Aker BioMarine reports record-breaking sales of krill oil in the third quarter of 2023, attributing the success to growing consumer demand for sustainable and high-quality omega-3 fatty acids. The company also announces plans to expand its production capacity to meet rising global demand.
   

The marine derived proteins market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Kilo Tons from 2018 to 2032, for the following segments:

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Market, By Source

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

Market, By Form

• Concentrates
• Hydrolysates
• Isolates

Market, By Distribution channel

• Direct sales
• Distributors
• Retail

The above insurrection has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
  • Poland
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Thailand 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE