Global Fish Protein Concentrate Market: Overview
The global fish protein concentrate market is a fairly consolidated landscape as majority of manufacturers focus on joint ventures, solid distribution of partnerships, and target global acquisitions. Additionally, research and innovation play a key role in the shaping of the global fish protein concentrate market. Over the last several years, key advancements in capturing, storing, and transporting fishes have led to major improvements in fish production. However, booming consumption of fish proteins to support diet needs, and nutrition are expected to drive higher innovation in the field. Additionally, the rising downward pressure on pricing is expected to open the competitive field in the near future as the fish protein concentrate market prepares to welcome new players to take up untapped opportunities.
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Global Fish Protein Concentrate Market: Notable Developments
A new study published in the Animal Feed Science and Technology suggests that a new supply method using fish by-products can promise a pure protein-ingredient. This ingredient ideal for aquaculture diets can come from pH-shift process. Additionally, the researchers also clai that it can potentially replace classic fish meal production. The study may take a while to materialize in commercial production. However, it holds a major promise for manufacturers in the fish protein concentrate market. Due to high demand for amino acids, the requirement for fishmeal continues to rise. This rising demand led to major price fluctations in recent years. There is a key untapped opportunity in the market to provide natural varieties of fishmeal. Studies like these can pave way for lucrative potential growth in the fish protein concentrate market in the near future.
In October 2019, President Trump signed a new agreement increasing tariffs on several imported goods from China. The new order would see an increased import duty of 30% rising from 25% for the foreseeable future. Many varieties of fresh fish are likely to be affected by this order. The new list heavily taxes main varieties of fish including eels, trout, ornamental fish, tuna, and a host of others. The news is likely to be the one to watch out in the coming months as trade war intensifies and competition intensifies in the global fish protein concentrate market.
Global Fish Protein Concentrate Market: Drivers and Restraints
The global fish protein concentrate market consists of a wide variety of products ideal for providing ready-made strength enhancing diet for human consumption. In recent times, lack of physical exercise, rise of illnesses like diabetes, and health awareness are driving more people to rely on increased consumption of proteins. However, gaining proteins is a luxury for many as fast-foods and large-scale commercial agriculture makes it difficult to obtain natural growth. Hence, many high-end consumers rely on several available protein concentrates varieties to support strength-enhancing activities like fitness regime, sports, and body-building.
The fish protein variety is likely to emerge as a major winner as flavor of fish protein concentrates and its wide array of benefits are likely to drive growth. The rising demand for fish proteins in animal feeds is also likely to open new venues for growth for players in the fish protein concentrate market.
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Global Fish Protein Concentrate Market: Geographical Analysis
The global fish protein concentrate market focuses on key regions around the world including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, various country-wise customizations will offer a detailed insight on growth, trends, and insightful forecasts.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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