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