Expanding Marine-Protein Market projected to increase at a Compound Annual Growth Rate (CAGR) of 8.5% by 2034
The marine-derived protein market is experiencing a significant expansion, driven by rising consumer interest in sustainable and nutritious protein alternatives. This growth is evident in the market's projected value of USD 17.2 billion by 2034, a CAGR of 8.5% from 2025 to 2034.
In 2024, the market was valued at USD 7.6 billion, with key players focusing on direct sales through specialized teams and digital B2B platforms. This strategy expanded outreach in North America, Europe, and Asia-Pacific, with North America dominating the market with a 37.4% share, generating revenues of USD 2.8 billion.
One of the main contributors to this growth is the increased use of marine-derived protein in various industries. In health supplements, marine-derived protein is being used to deliver bioactive peptides that ease blood pressure and boost heart health. In skincare products, it is being used to improve skin elasticity and hydration, aligning with clean beauty trends. Moreover, marine-derived protein is gaining popularity in sports nutrition, providing easy-to-digest amino acids that help athletes build muscle and recover faster.
The Indian government has also taken strides in this field by opening a research and innovation corridor for marine biotechnology in Odisha, called the "Marine Biotechnology Research and Innovation Corridor." This move further cements India's position in the global marine-derived protein market.
Innovative approaches to deriving value from marine biomass are also emerging. For instance, Cellulac has developed a proprietary biorefinery process to extract high-value compounds from microalgae. Similarly, Cargill is expanding its aquatic feed portfolio with sustainable marine-derived proteins, partnering with innovators like InnovaFeed to develop new fish feed ingredients.
The Pradhan Mantri Matsya Sampada Yojana (PMMSY), introduced under the Union Budget 2019 with an outlay of ₹3,737 crore, is another significant initiative in this field. Projects worth ₹21,274.16 crore have been approved, with ₹17,210.46 crore allocated for infrastructure improvements.
In 2024, suppliers strengthened their focus on protein concentrates, which captured a 46.8% share in the global marine-derived protein market. Major buyers in the market prefer direct procurement of marine protein concentrates and hydrolysates for streamlined supply chains and enhanced quality control.
Notably, FMC Corporation provides a plant-based, ocean-friendly alternative to fish oil for supplements, infant formula, and food fortification through its microalgae-derived products. Meanwhile, Aker BioMarine is advancing marine protein ingredients through its Superba Krill offerings, focusing on sustainability certifications and research into krill's nutritional benefits.
Corbion is another leader in algae-based innovations, expanding the production of algal ingredients, including proteins, for food and feed. These developments underscore the growing importance of marine-derived proteins in a sustainable and nutritious future.
The Odisha Marine Biotechnology Research & Innovation Corridor (OMBRIC), launched in August 2025, further cements India's commitment to this sector. As the market continues to grow, it is clear that marine-derived proteins will play a significant role in meeting the world's protein needs while promoting sustainability and health.
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