Fish
Skin Chips are Becoming Popular as a Nutritious Snack Food
Rising demand for healthy food
products as a result of the global health and wellness trend is driving the fish
skin chips market and this trend is expected to continue throughout the
forecast period. Fish skin chips are high in iron, protein, vitamins and
omega-3 fatty acids. The Food and Drug Administration (FDA) recommends eating a
4-ounce (113-gram) serving of fish twice a week. As a result, fish skin has
become an excellent health alternative to other snacks and are rapidly being
utilized in the food industry. The growing popularity of fish skin chips as nutritious snack food provides favourable
condition to the market players. As consumers seek convenient on-the-go
snack options, packaged fish skin chips meet that need. Fish skin chips is a
natural product that contains a great source of nutrients that supports optimal
health. Improvements in the cold chain, transportation and distribution
channels, as well as an increase in global fish product output, have all
contributed to an increase in fish skin chips consumption. However, the
importance of foreign trade has grown in recent years as a result of improved
transportation infrastructure and increased government assistance. Rising
awareness of the benefits of fish skin chips, an increase in disposable income
and rapid urbanisation are some of the factors driving the increase in demand
for fish skin chips.
The High Nutritional Benefits of Fish Skins
& Growing Demand for Ready-to-Eat Food Products are Driving the Market
According to FAO,
China maintained its dominance as a major fish producer, accounting
for 35% of global fish production. Excluding China, Asia accounted for 34% of
total production, followed by North and Latin America (14%), Europe (10%),
Africa (7%) and Oceania (1%). In the last few decades, total fish
production has increased significantly on all continents. The market for fish
products in Europe is expanding as consumers become more conscious of
early skin ageing, bone health and the high prevalence of cardiovascular
diseases. According to World Wildlife Fund, over 3 billion people globally
depend on wild-caught and farmed seafood as a major source of animal protein. Fish
skin chips that are gluten-free and doesn’t contain MSG (Monosodium glutamate) are
growing popular in North America. Since its 2016 debut as the first salted egg
snack brand in the world, IRVINS has grown from having a devoted, cult-like
following in Singapore to being one of the most well-known snack brands in Asia
and more recently, expanding into new international markets like Australia, the
United Kingdom, Canada, and the U.S. The development reflects both the surge in
salted egg fish skin chips popularity outside of Asia and Asian shops as well
as the rising global demand for the family-run company's premium goods. Furthermore,
rising demand for fish skin chips due to its flavours, health
benefits and convenience of use for food safety is expected to drive market
growth throughout the forecast period.
Strict Import/Export Regulations and Health
Problems Related to Pollutants are Bringing a Long-term Threat to Market
Participants
The major factor restricting the
fish skin chips market is the severe import/export limitations that prevent
specific types and shapes of fish from being shipped, the rules and procedures
for importing and exporting fish skins are complicated. The rising vegan trend
is likely to be a challenge for fish skin chips market. Consuming any type of
fish poses risks such as mercury poisoning and food poisoning. Fishes absorb
hazardous chemicals from the water and from its food, and then pass those
pollutants via their skin. This can be problematic for individuals with
weakened immune systems, children and pregnant women. Even for those with
healthy immune systems, consuming too much of these pollutants can lead to a
wide range of problems, including metabolic abnormalities. An excess of omega-3
fatty acids in the diet may interact with medicines such as anticoagulants and
blood thinners. These are the aspects hampering the fish skin chips market
expansion
Fish Skin Chips Market is Encouraged by Geographic
Expansion & Novel Innovations
IRVINS, a premium Singaporean
salted egg snack company, announced that its Salted Egg Salmon Skin is now
available in Costco locations throughout Texas in 2022. IRVINS made
its Costco debut in Los Angeles, in Dec 2021, followed by the Pacific
Northwest and Bay Area. With the addition of Texas, IRVINS will be offered in
78 Costco stores across four regions, making it the retailer's exclusive salted
egg snack brand. Tochi Snacks, Inc. introduced a range of salmon chips in
2022, made from sustainably sourced salmon chips caught off the shores of
Norway and England. chYum foods introduced Salted Egg Fish Chips in 2020, it is
a gluten-free and keto-friendly snack. Sea Chips introduced hand-crafted, all-natural
and gluten-free salmon skin crisps in 2016, in three flavours- lightly salted,
lime & chilli and salt & vinegar. Stip's Chips introduced salted egg
fish skin (Original & Spicy) in 2017.
Companies that are operating in
the global fish skin chips market are: IRVINS, The Snak Yard, Williwaw Foods, Tochi
Snacks, Inc., Stip's Chips and Crusty's
Singapore.
Nutritional Benefits of Fish Skins will
Increase Fish Skin Chips Demand
Ready-to-eat foods are becoming
increasingly popular with consumers, owing to their ease of preparation and
storage, as well as consumer appeal factors such as convenience, value, overall
appearance and texture. One of the primary reasons for eating fish is for
its health benefits. Fish skin is high in Omega 3 fatty acids and B
vitamins. Omega-3 fatty acids help with depression and anxiety, prevent
autoimmune illnesses, improves sleep, reduce inflammation, promote brain
function. Fish skin is not only appetizing, but it also contains
skin-beneficial elements like collagen and vitamin E. Collagen is necessary for
skin elasticity and suppleness, and Vitamin E aids in moisture retention and
protects cells from UV damage. Owing to all the above mentioned aspects and
increasing consumer awareness about healthy snacking fuels the fish skin chips
market growth over the forecast period.
The report provides a detailed
overview of the fish skin chips market insights in regions including North
America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and
Africa. The country-specific assessment for fish skin chips market has been
offered for all regional market share, along with forecasts, market scope
estimates, price point assessment, and impact analysis of prominent countries
and regions. Throughout this market research report, Y-o-Y growth and CAGR
estimates are also incorporated for every country and region, to provide a
detailed view of the fish skin chips market. These Y-o-Y projections on
regional and country-level markets brighten the political, economic and
business environment outlook, which are anticipated to have a substantial
impact on the growth of the fish skin chips market. Some key country and region
included in the fish skin chips market report as follows:
North America (U.S., Canada)
Latin America (Mexico, Argentina,
Brazil, Peru, Chile)
Europe (Germany, France, Italy,
U.K., BENELUX, Nordics, Spain, Poland, Russia, CIS)
Asia Pacific (China, ASEAN,
India, Japan, South Korea)
Oceania (Australia, New Zealand)
Middle East and Africa (South
Africa, GCC Countries, Turkey, Israel, Iran)
The Fish Skin Chips Market Research Report
Covers In-depth Analysis on:
·
Fish skin chips market segments
·
Fish skin chips market dynamics
·
Fish skin chips market value and share analysis
·
Recent trends, restraints, opportunities in fish
skin chips market
·
Companies & competition involved fish skin
chips market
·
Latest technologies in fish skin chips market
·
Supply chain and value chain fish skin chips
market
·
Fish skin chips market sales and distribution
strategies
Fish Skin Chips Market Growth Highlights:
·
A comprehensive overview of parent market
·
Market dynamics, demand and trends in the
industry
·
Current, historical and anticipated market size
in terms of volume
·
In-depth market segmentation
·
Competition landscape
·
Key strategies of leading companies and product
portfolio
·
Fish skin chips industry trends and developments
·
Potential and country, regions and segments
exhibiting future growth
·
A detailed viewpoint on fish skin chips market
forecast by countries
·
Essential information to enhance market position
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