Middle East & Africa Fish Protein Isolates Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Form (Powder and Liquid) and Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, Personal Care, and Animal Nutrition)
Market Report I 2023-01-24 I 77 Pages I The Insight Partners
The Middle East & Africa fish protein isolates market is expected to grow from US$ 91.44 million in 2022 to US$ 123.22 million by 2028. It is estimated to grow at a CAGR of 5.1% from 2022 to 2028.
Increasing Number of Fisheries is Expected to Provide Lucrative Growth Opportunities to the Middle East & Africa Fish Protein Isolates Market
Fish is a protein-rich product containing low cholesterol; therefore, the demand for fish and fish-related products has increased. The fishery industry is growing due to improved aquaculture production, lower prices, changing cultural preferences, and surging demand for fish and seafood. The increasing number of fisheries resulted in a large volume of fish waste, which is processed and used to manufacture fish protein isolates. It is prepared by extracting the oil from the fish, screening or settling out the bones, and drying the final product with higher protein content, i.e., 85-95%, and lower ash content than fish meal. Also, fish farming is one of the fastest-growing food production segments in the world, which generates employment and supports a country's economy. Thus, an increasing number of fisheries around the region is expected to provide lucrative growth opportunities to the Middle East & Africa fish protein isolates market .
Middle East & Africa Fish Protein Isolates Market Overview
The population in the Middle East & Africa is growing. Also, the consumption and demand for fish and fish-related products are rising in the region. According to the ITC Trade, the UAE imported frozen fish worth US$ 89.55 million in 2020. In the Middle East & Africa, the consumption of meat and meat-based products is significant. Owing to the booming tourism sector, rising food service industry, and growing awareness about the benefits of fish protein isolate and protein-based products for the treatment of different diseases related to heart and obesity in the region, is expected to create opportunities for fish protein producers. Therefore, the surging demand for high-protein diets and growing fitness regime are expected to propel the growth of the Middle East & Africa fish protein isolates market during the forecast period.
Middle East & Africa Fish Protein Isolates Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Fish Protein Isolates Market Segmentation
The Middle East & Africa fish protein isolates market is segmented into form, application, and country.
Based on form, the Middle East & Africa fish protein isolates market is bifurcated into powder and liquid. In 2022, the powder segment registered a larger share in the Middle East & Africa fish protein isolates market.
Based on application, the Middle East & Africa fish protein isolates market is segmented into food and beverages, pharmaceuticals and nutraceuticals, personal care, and animal nutrition. In 2022, the pharmaceuticals and nutraceuticals registered a largest share in the Middle East & Africa fish protein isolates market.
Based on country, the Middle East & Africa fish protein isolates market is segmented into Saudi Arabia, the UAE, South Africa, the Rest of Middle East and Africa. In 2022, the Rest of Middle East & Africa registered a largest share in the Middle East & Africa fish protein isolates market.
Advance International, Inc; Bio-marine Ingredients Ireland Ltd; Biomega Group AS; Hofseth BioCare ASA; and Sopropeche SA are the leading companies operating in the Middle East & Africa fish protein isolates market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
3.2.8 Assumption and Limitation:
4. MEA Fish Protein Isolates Market Overview
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Suppliers
4.2.3 Bargaining Power of Buyers
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. MEA Fish Protein Isolates Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in Demand for Protein-rich Food Products
5.1.2 Rising Application of Fish Protein Isolates in Various End-use Industries
5.2 Market Restraints
5.2.1 Rising Vegan Population
5.3 Market Opportunities
5.3.1 Increasing Number of Fisheries
5.4 Future Trends
5.4.1 Popularity of Dietary Supplements among Millennials
5.5 Impact Analysis of Drivers and Restraints
6. Fish Protein Isolates - MEA Market Analysis
6.1 MEA Fish Protein Isolates Market -Revenue and Forecast to 2028 (US$ Million)
7. MEA Fish Protein Isolates Market Analysis - By Form
7.1 Overview
7.2 MEA Fish Protein Isolates Market, By Form (2021 and 2028)
7.3 Powder
7.3.1 Overview
7.3.2 Powder: MEA Fish Protein Isolates Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Liquid
7.4.1 Overview
7.4.2 Liquid: MEA Fish Protein Isolates Market - Revenue and Forecast to 2028 (US$ Million)
8. MEA Fish Protein Isolates Market Analysis - By Application
8.1 Overview
8.2 MEA Fish Protein Isolates Market, By Application (2021 and 2028)
8.3 Food & Beverages
8.3.1 Overview
8.3.2 Food & Beverages: MEA Fish Protein Isolates Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Pharmaceuticals & Nutraceuticals
8.4.1 Overview
8.4.2 Pharmaceuticals & Nutraceuticals: MEA Fish Protein Isolates Market- Revenue and Forecast to 2028 (US$ Million)
8.5 Personal Care
8.5.1 Overview
8.5.2 Personal Care: MEA Fish Protein Isolates Market- Revenue and Forecast to 2028 (US$ Million)
8.6 Animal Nutrition
8.6.1 Overview
8.6.2 Animal Nutrition: MEA Fish Protein Isolates Market- Revenue and Forecast to 2028 (US$ Million)
9. MEA Fish Protein Isolates Market - Country Analysis
9.1 Overview
9.1.1 Middle East and Africa: Fish Protein Isolate Market, by Key Country
9.1.1.1 Saudi Arabia: Fish Protein Isolate Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Saudi Arabia: Fish Protein Isolate Market, By Form
9.1.1.1.2 Saudi Arabia: Fish Protein Isolate Market, by Application
9.1.1.2 UAE: Fish Protein Isolate Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 UAE: Fish Protein Isolate Market, By Form
9.1.1.2.2 UAE: Fish Protein Isolate Market, by Application
9.1.1.3 South Africa: Fish Protein Isolate Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 South Africa: Fish Protein Isolate Market, By Form
9.1.1.3.2 South Africa: Fish Protein Isolate Market, by Application
9.1.1.4 Rest of MEA: Fish Protein Isolate Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Fish Protein Isolate Market, by Form
9.1.1.4.2 Rest of MEA: Fish Protein Isolate Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 Advance International, Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Bio-marine Ingredients Ireland Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Hofseth BioCare ASA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Sopropeche SA
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Biomega Group AS
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. MEA Fish Protein Isolates Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. Saudi Arabia Fish Protein Isolate Market, By Form - Revenue and Forecast to 2028 (US$ Million)
Table 3. Saudi Arabia Fish Protein Isolate Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 4. UAE Fish Protein Isolate Market, By Form - Revenue and Forecast to 2028 (US$ Million)
Table 5. UAE Fish Protein Isolate Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. South Africa Fish Protein Isolate Market, By Form - Revenue and Forecast to 2028 (US$ Million)
Table 7. South Africa Fish Protein Isolate Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of MEA Fish Protein Isolate Market, by Form - Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA Fish Protein Isolate Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Fish Protein Isolates Market Segmentation
Figure 2. MEA Fish Protein Isolates Market Segmentation - By Country
Figure 3. MEA Fish Protein Isolates Market Overview
Figure 4. MEA Fish Protein Isolates Market: By Form
Figure 5. MEA Fish Protein Isolates Market: By Country
Figure 6. Porter's Five Forces Analysis: MEA Fish Protein Isolates Market
Figure 7. Expert Opinion
Figure 8. Ecosystem: MEA Fish Protein Isolates Market
Figure 9. MEA Fish Protein Isolates Market Impact Analysis of Drivers and Restraints
Figure 10. MEA: Fish Protein Isolates Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. MEA Fish Protein Isolates Market Revenue Share, By Form (2021 and 2028)
Figure 12. Powder: MEA Fish Protein Isolates Market - Revenue and Forecast To 2028 (US$ Million)
Figure 13. Liquid: MEA Fish Protein Isolates Market - Revenue and Forecast To 2028 (US$ Million)
Figure 14. MEA Fish Protein Isolates Market Revenue Share, By Application (2021 and 2028)
Figure 15. Food & Beverages: MEA Fish Protein Isolates Market- Revenue and Forecast To 2028 (US$ Million)
Figure 16. Pharmaceuticals & Nutraceuticals: MEA Fish Protein Isolates Market- Revenue and Forecast To 2028 (US$ Million)
Figure 17. Personal Care: MEA Fish Protein Isolates Market- Revenue and Forecast To 2028 (US$ Million)
Figure 18. Animal Nutrition: MEA Fish Protein Isolates Market- Revenue and Forecast To 2028 (US$ Million)
Figure 19. Middle East and Africa: Fish Protein Isolate Market, by Key Country - Revenue (2021) (US$ Million)
Figure 20. Middle East and Africa: Fish Protein Isolate Market Revenue Share, by Key Country (2021 and 2028)
Figure 21. Saudi Arabia: Fish Protein Isolate Market -Revenue and Forecast to 2028 (US$ Million)
Figure 22. UAE: Fish Protein Isolate Market -Revenue and Forecast to 2028 (US$ Million)
Figure 23. South Africa: Fish Protein Isolate Market -Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rest of MEA: Fish Protein Isolate Market -Revenue and Forecast to 2028 (US$ Million)
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