Organic Cosmetics Are Widening Growth Aspects For Fish Protein Powder

Fish protein powder Market is a food grade powder product that is mainly dedicated towards the human consumption application. However, raw materials derived from the marine and fresh water fishes are also gaining enormous interest in cosmeceutical and pharmaceutical industries owing to their broad spectrum of peptides and bioactive properties that include antimicrobial, antioxidant and antiaging activities. Collagen derived from the fish are largely utilized in the cosmeceutical products as they possess ability for tissue regeneration and skin repairing. Moreover, proteins and hydrolysates derived from marine and fresh water fish also demonstrate an efficient activity of anti-photoaging.

Rising growth in cosmeceutical and pharmaceutical market is expected to promote significant growth opportunities for the global fish protein powder market. For instance, according to the report from Soil Association during 2016-2017 and 2017-2018, organic beauty and wellbeing market showed a double digit growth rate of 24% and 14% respectively with an 8 years of consecutive growth. Rise in growth for organic cosmetics surged the demand for natural source based fish protein powder among cosmeceutical companies.

Moreover, cosmetics sales showed surging growth across the globe. For instance, as per the international trade organization, in the year 2017, Italy contributed 12% of total cosmetical sales volume in Europe with a revenue generation of $12.3 million behind Germany ($16 million), UK ($13.4 million) and France ($13.4 million). According to the Associated Chambers of Commerce & Industry of India, beauty cosmetics and grooming market of India was valued at $6.5 billion for the year 2017 that is expected to rise at $35 billion by the year 2035. Growth in cosmeceutical market is expected to surge the consumption of fish collagen powder and hydrolysate during the forecast years contributing towards the growth of fish protein powder market.

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Higher economic gains to occur through local players in Asia Pacific

Furthermore, regional analysis of global fish protein powder market projects high growth in Asia Pacific which is set to rise due to large number of local market players specifically in China such as Hangzhou Nutrition Biotechnology, Shenzhen Taier Biotechnology Co. Ltd., Shanghai K&B Agricultural Technology Co., Ltd etc. Availability of abundant raw material can be subjected to presence of large number of players across the market. For instance, according to the Food and Agriculture Organization (UN), total fish catch in inland water across the globe was estimated to be around 11.6 million tons in the year 2016. Out of this total fish catch, 16 countries, majority being from Asia Pacific region contributed about 80% of share. Thus, availability of raw material in local market has helped the fish protein powder producer to operate at lower capital cost promoting growth to their business.