Global Fish Paste Market to Witness a Healthy Growth During 2024-2032, Aided by the Growth of the Fish Market

Fish paste is considered extremely healthy as it is low in fat and high in protein and a good source of omega-3 vitamins. Apart from being a rich source of minerals, including zinc, iron, magnesium, iodine, and potassium, fish paste is excellent for maintaining a healthy heart and brain. Fish paste has many functional features, such as lowering cholesterol, increasing body immunity, and promoting proper brain and nervous system functioning and development. In the forecast year, the demand for fish paste is projected to witness a growth due to the rising demand for healthy and convenient foods.

The product is also gaining popularity among consumers who partake in sports activities. As the product is a rich source of protein as well as is low fat, it is extremely useful in building healthy muscles. Various Japanese companies are making products like chikuwa and kamaboko sausages using fish paste, which is further driving the growth of the industry. The sales of the product are also being bolstered by its availability on various distribution channels, including e-commerce or online retailers like Amazon.com, Inc. (NASDAQ: AMZN), and hypermarkets like Walmart Inc (NYSE: WMT). The market is further being driven by the rising innovations and variations used in seafood in the food industry. The product is also increasingly being used in the food industry for preparing various delicacies, which is further bolstering the market growth.

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Market Analysis by Fish Type, Application, Distribution Channel, and Regions:

• The fish types in the industry can be divided into tuna, salmon, and shellfish, among others.

• Fish paste finds wide applications in food products and food processing. 

• The distribution channels in the market include B2B and B2C. 

• The regional markets for fish paste include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The growth of the industry is driven by factors like rising in disposable incomes, rapid urbanisation, and change in food habits.

• The nutritional benefits of the product have been further aiding the industry growth.

• The increasing seafood consumption is likely to boost the demand for fish paste, thus, catalysing the market growth.

• The rising food processing industry is propelling the market growth further, with consumers increasingly consuming processed and convenient foods containing fish paste.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for fish paste for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the fish types, applications, distribution channels, and major regions of fish paste.

• It also provides detailed regional price trends of the product for the periods (2018-2023) and (2024-2032).

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global fish paste market are Hakka Pty Ltd, LI Chuan Food Products PTE LTD, Nishi Nihon Kibun Foods Inc., Mannarich Food Inc., and Princes Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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