Market Projections (2023-2032):
Fish Protein Hydrolysate Market Size, Share & Trends Analysis Report By Technology (Acid Hydrolysis, Autolytic Hydrolysis, Enzymatic Hydrolysis), By Form (Liquid, Powder) By Source (Anchovy, Herrings, Menhaden, Sardine, Shads, Others) By Application (Food, Pharmaceuticals, Animal Feed & Pet Food, Cosmetics, Others) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)
Fish Protein Hydrolysate | 2024-2032 |
Anticipated | US$ 257.45 Million |
Expected to reach in 2031 | US$ 372.88 Million |
Growth Rate | CAGR of 4.4% from 2024 to 2032 |
Growing consumer demand for pharmaceutical products due to their quick absorption capabilities, that promote lean muscle mass, and their capacity to lessen the symptoms of hypertension are anticipated to propel market expansion in the years to come. Fish protein is made up of components that are taken out of whole fish and crushed. Among the many end-use sectors where Fish Protein Hydrolysate (FPH) is used are animal feed, pet food, cosmetics, & food and drink. Over the next years, it is anticipated that the increasing use of fish protein in a variety of food and beverage applications, including protein supplements, sports nutrition, and infant formulas, will drive the market worldwide.
The U.S. market is anticipated to increase quickly due to rising public awareness of disease prevention, physical and mental health, muscle growth, and weight control. A growing middle-class, high-income levels, and the food and beverage industry are expected to fuel demand for the products during the course of the projected period. The product has been shown to improve gastrointestinal problems related to Crohn's disease and irritable bowel syndrome (IBS) in the food and beverage application. Fish proteins are used in baby formula to make substitute hypoallergenic protein diets for babies with milk allergy, gluten intolerance, and celiac disease.One of the primary reasons driving the expansion of the aforementioned segment is the increasing use of the product in the aquaculture feed business. This is explained by the fact that more than 50% of the world's fish food supply is currently provided by fish farming, a percentage that is projected to rise in the years to come. Fish protein hydrolysate is thus anticipated to play a significant role in providing the aquaculture industry with high-quality amino acids and general nutritional value.
However, it is anticipated that a lack of raw materials, such as salmon supplied from Scandinavian nations like Denmark, Norway, and Sweden, or tuna sourced from the Pacific and Japan Sea, will limit the market's expansion. Aquatic items are also highly perishable and must be processed, stored, and sold right away. In this case, unforeseen roadblocks impede the efficient flow of fresh food supply chains, leading to food loss and reducing consumer demand.
Market Dynamics:
Market Drivers
Increasing Demand for Nutrient-rich Food Ingredients
- The increasing demand for nutrient-rich food ingredients among consumers. Fish protein hydrolysate is rich in essential amino acids, peptides, and bioactive compounds that offer various health benefits, including muscle recovery, weight management, and cardiovascular health. As consumers become more health-conscious and seek out functional foods and dietary supplements to support their nutritional needs, there is a growing interest in fish protein hydrolysate as a natural and sustainable source of protein and bioactive peptides. The versatility of fish protein hydrolysate as an ingredient in food, beverage, and nutraceutical formulations drives market demand and adoption in the global food and beverage industry, fueling market growth.
Expansion of Aquaculture and Fisheries Industry
- The global fish protein hydrolysate market is the expansion of the aquaculture and fisheries industry worldwide. Aquaculture production, including fish farming and seafood processing, continues to grow to meet the increasing demand for seafood products driven by population growth, rising disposable incomes, and changing dietary preferences. Fish protein hydrolysate is derived from fish processing by-products and waste streams generated by the aquaculture and fisheries industry, providing a sustainable solution for value addition and waste utilization. As aquaculture production expands and seafood processing volumes increase, there is a corresponding increase in the availability of raw materials for fish protein hydrolysate production, supporting market growth and supply chain sustainability in the global fish protein hydrolysate market.
Market Trends
Growing Demand for Nutrient-rich Food and Dietary Supplements
- The increasing demand for nutrient-rich food products and dietary supplements. Fish protein hydrolysate is rich in essential amino acids, peptides, and bioactive compounds that offer various health benefits, including muscle recovery, weight management, and immune support. As consumers become more health-conscious and seek natural and sustainable sources of protein and nutrients, there is a rising preference for fish protein hydrolysate as a functional ingredient in food and beverage products, sports nutrition supplements, and dietary supplements. Manufacturers are incorporating fish protein hydrolysate into a wide range of products, including protein bars, shakes, beverages, and nutritional powders, to meet the growing demand for convenient and nutritious food options. The trend towards healthier eating habits and the popularity of protein-rich diets drives market growth and expansion in the global fish protein hydrolysate market.
Increasing Application in Animal Feed and Aquaculture Industry
- The expanding application of fish protein hydrolysate in the animal feed and aquaculture industry. Fish protein hydrolysate is used as a high-quality protein source and nutritional supplement in animal feeds for livestock, poultry, pets, and aquaculture species. It provides essential amino acids, peptides, and micronutrients that promote growth, feed efficiency, and overall animal health. With the growing global population and rising demand for animal-derived protein products, there is an increasing need for efficient and sustainable protein sources to meet the nutritional requirements of livestock and aquaculture species. Fish protein hydrolysate offers a valuable solution to address protein deficiencies, improve feed conversion ratios, and enhance the productivity and profitability of animal production systems. As aquaculture production expands and the demand for premium animal feeds rises, the application of fish protein hydrolysate in animal nutrition continues to grow, driving market demand and innovation in the global fish protein hydrolysate market.
Market Restraining Factors
High Production Costs and Price Sensitivity
- The high production costs associated with the manufacturing and processing of fish protein hydrolysate. The production process involves various steps such as sourcing high-quality fish raw materials, enzymatic hydrolysis, purification, and drying, which require sophisticated equipment and technologies. Additionally, factors such as labor costs, energy expenses, and transportation costs contribute to the overall production expenses. As a result, fish protein hydrolysate products often command higher prices compared to conventional protein sources, making them less affordable for certain consumer segments and industries, particularly in price-sensitive markets. The high production costs and price sensitivity of fish protein hydrolysate products may limit market penetration and adoption, especially in regions with lower purchasing power and budget constraints.
Scope of Fish Protein Hydrolysate Market Report:
A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Fish Protein Hydrolysate Market. On the basis of historic growth analysis and current scenario of Fish Protein Hydrolysate market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Fish Protein Hydrolysate market. This further helps users with their developmental strategy.
This report examines all the key factors influencing growth of global Fish Protein Hydrolysate market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Fish Protein Hydrolysate market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, pricing strategies, innovation possibilities and much more.
The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
Report Coverage:
The report will cover the qualitative and quantitative data on the global Fish Protein Hydrolysate Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.
Report Scope and Segmentations:
Study Period | 2024-31 |
Base Year | 2023 |
Estimated Forecast Year | 2024-31 |
Growth Rate | CAGR of 4.4% from 2024 to 2031 |
Segmentation | By Technology, By Form, By Source, By Application, By Region |
Unit | USD Million |
By Technology | - Acid Hydrolysis
- Autolytic Hydrolysis
- Enzymatic Hydrolysis
|
By Form | |
By Source | - Anchovy
- Herrings
- Menhaden
- Sardine
- Shads
- Others
|
By Application | - Food
- Pharmaceuticals
- Animal Feed & Pet Food
- Cosmetics
- Others
|
By Region | - North America (U.S., Canada, Mexico)
- Europe (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, ASEAN, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
|
Fish Protein Hydrolysate Market Players Analysis:
- Sopropeche
- Diana Group
- Copalis Sea Solutions
- Scanbio
- Bio-marine Ingredients Ireland Ltd.
- United Fisheries
- Shenzhen Taier
- New Alliance Dye Chem Pvt. Ltd.
- Neptune's Harvest
- Alaska Protein Recovery, LLC
- Great Pacific BioProducts Ltd.
- BrownsFish Genesis
- Dramm Corp.
- S. Ag Florida, Inc.
- Sampi
- Marutham Bio Ages Innovations (p) Ltd.
- Hofseth BioCare
- Janatha Fish Meal & Oil Products
Key Industry Developments:
- In July 2023, Dramm Corporation unveiled DrammOutdoors, a new range of irrigation nozzles, risers, and fittings for crops cultivated in fields and nurseries. Riser systems and irrigation plumbing may be quickly assembled and disassembled thanks to a special plumbing system included in the Dramm outdoor range.
- In March 2023, Nuterco, a global producer of aquafeed and animal nutrition, and BlueNalu, an innovator of cell-cultured seafood, announced their partnership. The goal of this collaboration is to help the businesses create and improve the food-grade supply chain used in the seafood industry.
Fish Protein Hydrolysate Market Segmentation Analysis:
By Form:
By Source:
- Anchovy
- Herrings
- Menhaden
- Sardine
- Shads
- Others
By Application:
- Food
- Pharmaceuticals
- Animal Feed & Pet Food
- Cosmetics
- Others
By Region and Country:
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
The report also helps in understanding Global Fish Protein Hydrolysate Market dynamics, structure by analyzing the market segments, and project the Global Fish Protein Hydrolysate Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Fish Protein Hydrolysate Market make the report investor’s guide.
Segmentation Analysis:
The market scope is segmented because of by Technology, by Form, by Source, by Application.
By Technology
Based on the Technology of the market is segmented into Acid Hydrolysis, Autolytic Hydrolysis, Enzymatic Hydrolysis.
Acid hydrolysis technology led the sector with a global market share of about 46.0 percent. This approach is more popular than autolytic and enzymatic hydrolysis. A specified level of hydrolysis (DH) must be reached by maintaining the acid hydrolysis at high pressure and temperature solutions (122–138 °C and 220-310 mPa, respectively) for a number of hours. The mixture is transported for further dehydration once it has been neutralized to a pH of 6.0–7.0.
The market is expected to increase as a result of rising demand for the product in a number of food and beverage applications, including functional foods and nutritional supplements, as a binder, gelling agent, and emulsifier. The market is expected to expand even more in the future years because to the increasing use of seafood protease and trypsin from Atlantic salmon and pyloric ceca from notable fish as nutritional additives and cryoprotectants in aquafeed and liquid fertilizers.
However, the method of acid hydrolyzation has a number of disadvantages that make it unsuitable for use in biochemical and food applications. These disadvantages include the degradation of tryptophan, an important amino acid, and/or the presence of a high sodium chloride (NaCl) concentration in the final product.
By Source
Based on Source the market is categorised into Anchovy, Herrings, Menhaden, Sardine, Shads, Others.
The anchovy source category leads the industry, holding a market share of over 32.0% worldwide. Because of the growing demand for high-quality agricultural fertilizers and the growing use of organic solutions as a result of consumers' changing views about chemical-induced fertilizers, the market for anchovy-derived protein hydrolysate is anticipated to grow steadily over the next few years.
Additionally, the capacity of anchovy-based protein hydrolysate to improve soil quality is driving its fast use in the production of cost-effective and high-performing fertilizers, which is expected to drive up market demand overall. The demand for the product is expected to be further fueled by strict laws governing the use of chemically-enhanced fertilizers and expanding research and development efforts by businesses like Dramm Corporation and U.S. Ag Florida, Inc. to provide high-quality organic fertilizer solutions.
The demand for sardine-based protein hydrolysate is anticipated to grow at the fastest rate of 5.1% in terms of volume over the forecast period. Sardines are an excellent addition to formulations for animal feed because of their high omega-3 and long-branched amino acid content. These items are anticipated to increase demand for aquaculture feed in the upcoming years due to their natural ease of digestion and high compatibility with aquatic life in saltwater and/or seawater.
Regional Snapshots
By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The increasing demand for protein supplements in North America is anticipated to propel fish protein hydrolysate to the top of the market share charts during the projected period. The increasing popularity of health and wellness products in North America is linked to an increase in athletes and fitness aficionados. Because there are so many producers and providers of protein supplements in the United States, it is the largest market in the region for fish protein hydrolysate.
The Asia Pacific region is expected to see the quickest revenue growth rate, mainly as a result of the growing demand for protein supplements in developing countries like China and India. Demand for fish protein hydrolysate is developing in this sector due to the growing middle class's disposable income and growing awareness of the benefits of protein supplements. Moreover, the abundance of fish processing plants in the area is fueling market growth even more.
Fish Protein Hydrolysate Market Report is also available for below Regions and Country Please Ask for that:
North America
Europe
- Switzerland
- Belgium
- Germany
- France
- U.K.
- Italy
- Spain
- Sweden
- Netherland
- Turkey
- Rest of Europe
Asia-Pacific
- India
- Australia
- Philippines
- Singapore
- South Korea
- Japan
- China
- Malaysia
- Thailand
- Indonesia
- Rest Of APAC
Latin America
- Mexico
- Argentina
- Peru
- Colombia
- Brazil
- Rest of South America
Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest Of MEA
Points Covered in the Report:
- The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
- The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Questions:
- How much the global Fish Protein Hydrolysate Market valued?
- Which region has the largest share in 2024 for the global Fish Protein Hydrolysate Market?
- What are the driving factors for the market?
- Which is the leading segment in the global market?
- What are the major players in the market?
Research Scope of Fish Protein Hydrolysate Market:
- Historic year: 2018- 2022
- Base year: 2023
- Forecast: 2024 to 2031
- Representation of Market revenue in USD Million
Fish Protein Hydrolysate Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: