Reports

Global Fish Paste Market to Witness a Healthy Growth During 2021-2026, Aided by the Growth of the Fish Market

Fish Paste Market

Global Fish Paste Market Size, Share, Analysis, Forecast: By Fish Type: Tuna, Salmon, Shellfish, Others; By Application: Food Products, Food Processing; By Distribution Channel: B2B, B2C; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032

Global Fish Paste Market Outlook

The global fish paste market is being driven by the growth of the global fish market. In 2023, the global fish production attained a volume of 186.07 million tonnes. The fish production is further expected to grow at a CAGR of about 2.5% in the forecast period of 2024-2032.

 

Global Fish Paste Market Report

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Robust Demand from the Asia Pacific to Significantly Aid the Growth of the Fish Paste Industry

The Asia Pacific is expected to present a significant growth opportunity for the fish paste industry as a result of the rising customer per capita income and a growing understanding of a balanced dietary intake with adequate consumption of nutrients and proteins. A significant portion of the population in the region also relies on the source of seafood for their daily requirements of protein. This is expected to further add to the increasing demand for fish paste in the region. Within the Asia Pacific, Japan is expected to be a leading market for fish paste due to the country’s substantial seafood consumption. In Japan, the fish paste industry attained a value of USD 2.41 billion in 2020. The market for fish paste is also witnessing a significant growth in Japan due to the increasing focus of consumers on following a healthy lifestyle.

 

Global Fish Paste Market by Fist Type

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Fish Paste: Market Segmentation

Fish paste refers to a soft, creamy paste or purée of fish that is produced through the chemical or physical break down of fish. A procedure known as fermentation involves the chemical treatment of fish, breaking it into fish paste. The physical method for preparing fish pastes involves the grinding, mincing, pressing, pounding, mixing, or shearing processes so that the fish is reduced to a paste consistency. The fish paste is cooked for long so that the desired degree of consistency and thickness is achieved. Seasonings or condiments for flavouring different foods and other delicacies are used for the fish paste. The paste is a rich source of vitamins and omega 3, consisting of low fat and high protein contents. In addition to this, fish is an excellent mineral source for the health of the heart and brain, for example, zinc, iron, magnesium, iodine, and potassium.

Based on fish type, the industry can be divided as follows:

Fish paste finds wide applications in the following sectors:

  • Food Products
    • Sauces
    • Spreads
    • Dressing
    • Soups
    • Noodles
    • Snacks
    • Others
  • Food Processing

The distribution channels in the industry can be segmented as follows:

  • B2B
  • B2C
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Online
    • Others

The regional markets for fish paste can be divided into north America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Fish Paste Market by Region

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Rising Consumption of Seafood to Bolster the Market Growth of Fish Paste

Due to the increasing population, rising disposable incomes, rapid urbanisation, and a growing shift in food preferences, the demand for fish paste are expected to increase over the forecast year. The rising demand for nutritive foods is contributing to the increased seafood consumption, including fish paste. The growing industry for food processing is also boosting the market for fish paste as it is used in many culinary dishes such as snacks, sandwiches, soups, and spreads, among others.

 

Key Industry Players in the Global Fish Paste Market

The report gives a detailed analysis of the following key players in the global fish paste market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Hakka Pty Ltd
  • LI Chuan Food Products PTE LTD
  • Nishi Nihon Kibun Foods Inc.
  • Mannarich Food Inc.
  • Princes Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Fish Type, Application, Distribution Channel, Region
Breakup by Fish Type Tuna, Salmon, Shellfish, Others
Breakup by Application Food Products, Food Processing
Breakup by Distribution Channel B2B, B2C
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Hakka Pty Ltd, LI Chuan Food Products PTE LTD, Nishi Nihon Kibun Foods Inc., Mannarich Food Inc., Princes Limited, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Fish Paste Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Fish Paste Historical Market (2018-2023) 
    8.3    Global Fish Paste Market Forecast (2024-2032)
    8.4    Global Fish Paste Market by Fish Type
        8.4.1    Tuna
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Salmon
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Shellfish
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Fish Paste Market by Application
        8.5.1    Food Products
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
            8.5.1.3    Market by Type
                8.5.1.3.1    Sauces
                    8.5.1.3.1.1    Historical Trend (2018-2023)
                    8.5.1.3.1.2    Forecast Trend (2024-2032)
                8.5.1.3.2    Spreads
                    8.5.1.3.2.1    Historical Trend (2018-2023)
                    8.5.1.3.2.2    Forecast Trend (2024-2032)
                8.5.1.3.3    Dressing
                    8.5.1.3.3.1    Historical Trend (2018-2023)
                    8.5.1.3.3.2    Forecast Trend (2024-2032)
                8.5.1.3.4    Soups
                    8.5.1.3.4.1    Historical Trend (2018-2023)
                    8.5.1.3.4.2    Forecast Trend (2024-2032)
                8.5.1.3.5    Noodles
                    8.5.1.3.5.1    Historical Trend (2018-2023)
                    8.5.1.3.5.2    Forecast Trend (2024-2032)
                8.5.1.3.6    Snacks
                    8.5.1.3.6.1    Historical Trend (2018-2023)
                    8.5.1.3.6.2    Forecast Trend (2024-2032)
                8.5.1.3.7    Others
        8.5.2    Food Processing
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Fish Paste Market by Distribution Channel
        8.6.1    B2B
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    B2C
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
            8.6.2.3    Market by Type
                8.6.2.3.1    Hypermarkets/Supermarkets
                    8.6.2.3.1.1    Historical Trend (2018-2023)
                    8.6.2.3.1.2    Forecast Trend (2024-2032)
                8.6.2.3.2    Convenience Stores
                    8.6.2.3.2.1    Historical Trend (2018-2023)
                    8.6.2.3.2.2    Forecast Trend (2024-2032)
                8.6.2.3.3    Specialty Stores
                    8.6.2.3.3.1    Historical Trend (2018-2023)
                    8.6.2.3.3.2    Forecast Trend (2024-2032)
                8.6.2.3.4    Online
                    8.6.2.3.4.1    Historical Trend (2018-2023)
                    8.6.2.3.4.2    Forecast Trend (2024-2032)
                8.6.2.3.5    Others
    8.7    Global Fish Paste Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Fish Paste Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Fish  Paste Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Fish Paste Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America  Fish Paste Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and  Africa Fish Paste Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis
    16.1    North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.2    Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.3    Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.4    Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.5    Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
17    Manufacturing Process
    17.1    Overview
    17.2    Detailed Process Flow
    17.3    Operation Involved    
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Hakka Pty Ltd
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    LI Chuan Food Products PTE LTD
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Nishi Nihon Kibun Foods Inc.
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Mannarich Food Inc.
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Princes Limited
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Others
19    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Fish Paste Market: Key Industry Highlights, 2018 and 2032
2.    Global Fish Paste Historical Market: Breakup by Fish Type (Million Tonnes), 2018-2023
3.    Global Fish Paste Market Forecast: Breakup by Fish Type (Million Tonnes), 2024-2032
4.    Global Fish Paste Historical Market: Breakup by Application (Million Tonnes), 2018-2023
5.    Global Fish Paste Market Forecast: Breakup by Application (Million Tonnes), 2024-2032
6.    Global Fish Paste Historical Market: Breakup by Distribution Channel (Million Tonnes), 2018-2023
7.    Global Fish Paste Market Forecast: Breakup by Distribution Channel (Million Tonnes), 2024-2032
8.    Global Fish Paste Historical Market: Breakup by Region (Million Tonnes), 2018-2023
9.    Global Fish Paste Market Forecast: Breakup by Region (Million Tonnes), 2024-2032
10.    North America Fish Paste Historical Market: Breakup by Country (Million Tonnes), 2018-2023
11.    North America Fish Paste Market Forecast: Breakup by Country (Million Tonnes), 2024-2032
12.    Europe Fish Paste Historical Market: Breakup by Country (Million Tonnes), 2018-2023
13.    Europe Fish Paste Market Forecast: Breakup by Country (Million Tonnes), 2024-2032
14.    Asia Pacific Fish Paste Historical Market: Breakup by Country (Million Tonnes), 2018-2023
15.    Asia Pacific Fish Paste Market Forecast: Breakup by Country (Million Tonnes), 2024-2032
16.    Latin America Fish Paste Historical Market: Breakup by Country (Million Tonnes), 2018-2023
17.    Latin America Fish Paste Market Forecast: Breakup by Country (Million Tonnes), 2024-2032
18.    Middle East and Africa Fish Paste Historical Market: Breakup by Country (Million Tonnes), 2018-2023
19.    Middle East and Africa Fish Paste Market Forecast: Breakup by Country (Million Tonnes), 2024-2032
20.    North America Historical Price Trends and Forecast 2018-2028
21.    Europe Historical Price Trends and Forecast 2018-2028
22.    Asia Pacific Historical Price Trends and Forecast 2018-2028
23.    Latin America Historical Price Trends and Forecast 2018-2028
24.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
25.    Global Fish Paste Market Structure

Key Questions Answered in the Report

What was the global fish paste market size in 2023?

The global fish paste market is being driven by the growth of the fish production, which attained a volume of 186.07 million tonnes in 2023.

What is the growth rate of the market?

The fish production is projected to grow at a CAGR of 2.5% between 2024 and 2032.

What are the major industry drivers?

The major drivers of the industry, such as rising disposable incomes, increasing population, increasing awareness of a balanced diet, rising consumption of processed foods, and growing consumption fish and seafood, are expected to aid the market growth.

What are the key industry trends of the global fish paste market?

The key trend guiding the growth of the market includes the use of the product across a wide variety of food products.

What are the major regional markets of fish paste, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading fish types in the industry?

The leading fish types in the industry are tuna, salmon, and shellfish, among others.

What are the major application segments in the market?

The major application segments in the market are food products and food processing.

What are the significant distribution channels in the industry?

The significant distribution channels in the industry are B2B and B2C.

Who are the key industry players, according to the report?

The major players in the industry are Hakka Pty Ltd, LI Chuan Food Products PTE LTD, Nishi Nihon Kibun Foods Inc., Mannarich Food Inc., and Princes Limited, among others.

Analyst Review

The global fish paste market is being supported by the healthy fish production, which stood at a volume of 186.07 million tonnes in 2023. Aided by the rising health consciousness, the fish production is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 2.5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By fish type, the industry can be segmented into tuna, salmon, and shellfish, among others. Based on application, the market can be bifurcated into food products and food processing. On the basis of distribution channel, the industry can be divided into B2B and B2C. The major regional markets for fish paste are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Hakka Pty Ltd, LI Chuan Food Products PTE LTD, Nishi Nihon Kibun Foods Inc., Mannarich Food Inc., and Princes Limited, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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