Fish Skin Chips Market Report

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 is rapidly being utilized in the food industry. The growing popularity of fish skin chips as nutritious snack food provides favorable conditions to the market players.

As consumers seek convenient on-the-go snack options, packaged fish skin chips meet that need. Fish skin chips are 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 urbanization are some of the factors driving the increase in demand for fish skin chips.

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 aging, bone health, and the high prevalence of cardiovascular diseases. According to the 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 don’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 their flavors, health benefits, and convenience of use for food safety is expected to drive market growth throughout the forecast period.

• Constant investment in R&D to improve product texture, nutritional profile, and taste.
• Using fish skin, a by-product of the seafood industry aligns with the zero-waste movement.
• Introduction of diverse flavors such as tangy, spicy, sour, and sweet to cater to taste preference.
• Use of biodegradable and recyclable packaging materials.

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 the 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 their 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.

IRVINS, a premium Singaporean salted egg snack company, announced that its Salted Egg Salmon Skin will now be 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. chum 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 flavors- lightly salted, lime & chili, and salt & vinegar. Stip's Chips introduced salted egg fish skin (Original & Spicy) in 2017.

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, improve sleep, reduce inflammation, and 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 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 the fish skin chips market has been offered for all regional market shares, 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 is anticipated to have a substantial impact on the growth of the fish skin chips market. Some key countries and regions included in the fish skin chips market report are as follows:

• Fish skin chips market detailed segments and segment-wise market breakdown
• Fish skin chips market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in fish skin chips industry)
• Current, historical, and forthcoming 10 years market valuation in terms of fish skin chips market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
• Fish skin chips market demand analysis
• Fish skin chips market pricing analysis over the forecast period (by key segment and by region)
• Fish skin chips market regional insights with region-wise market breakdown
• Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
• Latest developments and innovations in the fish skin chips market
• Regulatory landscape by key regions and key countries
• Supply chain and value chain analysis in the fish skin chips market
• Fish skin chips market sales and distribution strategies
• A comprehensive overview of the parent market
• A detailed viewpoint on the fish skin chips market forecast by countries
• Mergers and acquisitions in the fish skin chips market
• Essential information to enhance market position
• Robust research methodology