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Global Fish Paste Market: By Fish Type: Tuna, Salmon, Shellfish, Others; By Application: Food Products, Food Processing; By Distribution Channel: B2B, B2C; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
Global Fish Paste Market Outlook
The global fish paste market is being driven by the growth of the global fish market. In 2020, the global fish production attained a volume of 177.8 million tonnes. The fish production is further expected to grow at a CAGR of about 2.3% in the forecast period of 2023-2028.
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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.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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 (2018-2022)
8.3 Global Fish Paste Market Forecast (2023-2028)
8.4 Global Fish Paste Market by Fish Type
8.4.1 Tuna
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Salmon
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Shellfish
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Fish Paste Market by Application
8.5.1 Food Products
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.1.4 Market by Type
8.5.1.4.1 Sauces
8.5.1.4.1.1 Market Share
8.5.1.4.1.2 Historical Trend (2018-2022)
8.5.1.4.1.3 Forecast Trend (2023-2028)
8.5.1.4.2 Spreads
8.5.1.4.2.1 Market Share
8.5.1.4.2.2 Historical Trend (2018-2022)
8.5.1.4.2.3 Forecast Trend (2023-2028)
8.5.1.4.3 Dressing
8.5.1.4.3.1 Market Share
8.5.1.4.3.2 Historical Trend (2018-2022)
8.5.1.4.3.3 Forecast Trend (2023-2028)
8.5.1.4.4 Soups
8.5.1.4.4.1 Market Share
8.5.1.4.4.2 Historical Trend (2018-2022)
8.5.1.4.4.3 Forecast Trend (2023-2028)
8.5.1.4.5 Noodles
8.5.1.4.5.1 Market Share
8.5.1.4.5.2 Historical Trend (2018-2022)
8.5.1.4.5.3 Forecast Trend (2023-2028)
8.5.1.4.6 Snacks
8.5.1.4.6.1 Market Share
8.5.1.4.6.2 Historical Trend (2018-2022)
8.5.1.4.6.3 Forecast Trend (2023-2028)
8.5.1.4.7 Others
8.5.2 Food Processing
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Fish Paste Market by Distribution Channel
8.6.1 B2B
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 B2C
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.2.4 Market by Type
8.6.2.4.1 Hypermarkets/Supermarkets
8.6.2.4.1.1 Market Share
8.6.2.4.1.2 Historical Trend (2018-2022)
8.6.2.4.1.3 Forecast Trend (2023-2028)
8.6.2.4.2 Convenience Stores
8.6.2.4.2.1 Market Share
8.6.2.4.2.2 Historical Trend (2018-2022)
8.6.2.4.2.3 Forecast Trend (2023-2028)
8.6.2.4.3 Specialty Stores
8.6.2.4.3.1 Market Share
8.6.2.4.3.2 Historical Trend (2018-2022)
8.6.2.4.3.3 Forecast Trend (2023-2028)
8.6.2.4.4 Online
8.6.2.4.4.1 Market Share
8.6.2.4.4.2 Historical Trend (2018-2022)
8.6.2.4.4.3 Forecast Trend (2023-2028)
8.6.2.4.5 Others
8.7 Global Fish Paste Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Fish Paste Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Fish Paste Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Fish Paste Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Fish Paste Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Fish Paste Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 (2018-2022) & Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.5 Middle East & Africa Historical Price Trends (2018-2022) & Forecast (2023-2028)
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 2028
2. Global Fish Paste Historical Market: Breakup by Fish Type (Million Tonnes), 2018-2022
3. Global Fish Paste Market Forecast: Breakup by Fish Type (Million Tonnes), 2023-2028
4. Global Fish Paste Historical Market: Breakup by Application (Million Tonnes), 2018-2022
5. Global Fish Paste Market Forecast: Breakup by Application (Million Tonnes), 2023-2028
6. Global Fish Paste Historical Market: Breakup by Distribution Channel (Million Tonnes), 2018-2022
7. Global Fish Paste Market Forecast: Breakup by Distribution Channel (Million Tonnes), 2023-2028
8. Global Fish Paste Historical Market: Breakup by Region (Million Tonnes), 2018-2022
9. Global Fish Paste Market Forecast: Breakup by Region (Million Tonnes), 2023-2028
10. North America Fish Paste Historical Market: Breakup by Country (Million Tonnes), 2018-2022
11. North America Fish Paste Market Forecast: Breakup by Country (Million Tonnes), 2023-2028
12. Europe Fish Paste Historical Market: Breakup by Country (Million Tonnes), 2018-2022
13. Europe Fish Paste Market Forecast: Breakup by Country (Million Tonnes), 2023-2028
14. Asia Pacific Fish Paste Historical Market: Breakup by Country (Million Tonnes), 2018-2022
15. Asia Pacific Fish Paste Market Forecast: Breakup by Country (Million Tonnes), 2023-2028
16. Latin America Fish Paste Historical Market: Breakup by Country (Million Tonnes), 2018-2022
17. Latin America Fish Paste Market Forecast: Breakup by Country (Million Tonnes), 2023-2028
18. Middle East and Africa Fish Paste Historical Market: Breakup by Country (Million Tonnes), 2018-2022
19. Middle East and Africa Fish Paste Market Forecast: Breakup by Country (Million Tonnes), 2023-2028
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
The global fish paste market is being driven by the growth of the fish production, which attained a volume of 177.8 million tonnes in 2020.
The fish production is projected to grow at a CAGR of 2.3% between 2021 and 2026; thus, further aiding the fish paste industry.
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.
The key trend guiding the growth of the market includes the use of the product across a wide variety of food products.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading fish types in the industry are tuna, salmon, and shellfish, among others.
The major application segments in the market are food products and food processing.
The significant distribution channels in the industry are B2B and B2C.
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 177.8 million tonnes in 2020. Aided by the rising health consciousness, the fish production is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 2.3%.
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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