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Global Fish Protein Hydrolysate Market – Industry Trends and Forecast to 2029

  • Food & Beverage
  • Upcoming Report
  • May 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Food & Beverage
  • Upcoming Report
  • May 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Fish Protein Hydrolysate Market By Form (Paste, Powder and Liquid), Source (Tilapia, Crustacean Anchovy, Sardine, Atlantic salmon, Tuna, Molluscs and Codfish), Technology (Autolytic Hydrolysis, Acid Hydrolysis and Enzymatic Hydrolysis), Application (Animal feed, Food, Cosmetics, Pharmaceutical and Agriculture), Distribution (Direct and Indirect) – Industry Trends and Forecast to 2029

Fish Protein Hydrolysate Market

Market Analysis and Size

When compared to other animals and plants, fish is a better source of protein. In the beginning, fish protein hydrolysate was only used in animal feed. However, as more people become aware of the high protein content of fish, it has become widely used in various industries. Fish protein hydrolysate is now used in various products, including food and beverages, medicines, nutraceuticals, cosmetics, pet food, and animal and poultry feed. The protein found in fish varies depending on the species.

Data Bridge Market Research analyses that the fish protein hydrolysate market was growing at a value of USD 244.2 million in 2021 and is expected to reach the value of USD 342.00 million by 2029, at a CAGR of 4.30% during the forecast period of 2022 to 2029.

Market Definition

Fish hydrolysate is an organic fertilizer with the ability to improve plant nutrition. Fish hydrolysate is a bioactive compound produced by the decomposition of minced fish in conjunction with enzymes such as proteases and lactobacillus, which provides organic fertilizer to plants. It is high in protein and essential vitamins and has many uses in food processing and medical supplements.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Form (Paste, Powder and Liquid), Source (Tilapia, Crustacean Anchovy, Sardine, Atlantic salmon, Tuna, Molluscs and Codfish), Technology (Autolytic Hydrolysis, Acid Hydrolysis and Enzymatic Hydrolysis), Application (Animal feed, Food, Cosmetics, Pharmaceutical and Agriculture), Distribution (Direct and Indirect)

Countries Covered

U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Hofseth BioCare ASA (Norway), Diana Group S.r.l (France), Bio-marine Ingredients Ireland (Ireland), Copalis (France), Janatha Fish Meal & Oil Products (India), Scanbio Marine Group AS (Norway), Sopropêche (France), Omega Protein Corporation (US), Sociedad Pesquera Landes Sa (Chile), TC Union Agrotech and United Fisheries (Thailand)

Opportunities

  • Increasing utilization of the product in the aquaculture feed industry
  • Significant growth in the pharmaceutical industry around the world
  • Rising disposable income

Fish Protein Hydrolysate Market Dynamics

Drivers

  • Wide availability of fish species

Fishes can be found in plenty, so manufacturers have begun to commercialize fish farming and extract protein from them. Significant growth in the pharmaceutical industry worldwide is one of the key factors driving the market's positive outlook.

  • High demand from various end-user industries

Fish protein hydrolysate has fast absorption properties that aid in developing lean muscle mass while also lowering the risks of hypertension and high blood pressure in consumers and is thus widely used in sports nutrition and protein supplements. It is also used to treat irritable bowel syndrome (IBS) and crohn's disease and hypoallergenic protein food for infants with celiac disease, lactose and gluten intolerance.

Fish protein hydrolysate used as a cryoprotectant in aquaculture and animal feed increases market growth. FPH helps prevent the spread of infectious diseases and boosts animal immunity against bacteria, fungi, viruses and parasites.

Opportunity

The rising use of the product in the aquaculture feed business is one of the primary factors contributing to the segment's growth, as indicated above. This is due to the fact that fish farming presently supplies more than half of the world's fish food supply, which is predicted to increase in the coming years. As a result, fish protein hydrolysate is expected to play an essential role in supplying high-quality amino acids and overall nutritive value to the aqua culture sector.

Restraints

However, a scarcity of raw materials, such as tuna from the Pacific Ocean and Japan Sea or Atlantic salmon from Scandinavian countries such as Denmark, Norway and Sweden, is expected to limit market growth. Furthermore, aquatic products are highly perishable and must be stored, processed and sold quickly. In this case, unforeseeable roadblocks prevent the smooth movement of fresh food supply chains, resulting in food waste and a decrease in market demand.

This fish protein hydrolysate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fish protein hydrolysate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Fish Protein Hydrolysate Market

Almost every industry has suffered a setback in the previous 18 months. This is due to significant disruptions in their respective manufacturing and supply-chain operations due to various precautionary lockdowns and other restrictions imposed by governing authorities around the world. The same is true for the global market for fish protein hydrolysate. Furthermore, consumer demand has subsequently decreased as people are now more focused on eliminating non-essential expenses from their respective budgets as the general economic status of most people has been severely impacted by this outbreak. These variables are projected to have an impact on the worldwide Fish Protein Hydrolysate market's revenue trajectory over the forecast period.

Recent Development

In March 2020, Bio-marine Ingredients Ireland Ltd., in collaboration with the Enterprise Partnership of the Irish Research Council, conducted a 12-week feeding trial in freshwater Atlantic salmon to investigate the effects of low fishmeal diets/high plant protein, with and without FPH supplementation, on gut health and growth performance. The company hopes that the results of this recent study will open up new avenues for the sustainable aquaculture feed market.

Global Fish Protein Hydrolysate Market Scope

The fish protein hydrolysate market is segmented on the basis of form, source, technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Form

  • Liquid
  • Paste
  • Powder

On the basis of form, the fish protein hydrolysate market is segmented into liquid, paste and powder

Source

  • Codfish
  • Tuna
  • Crustacean
  • Sardine
  • Tilapia
  • Atlantic salmon
  • Anchovy
  • Molluscs
  • Other

On the basis of source, the fish protein hydrolysate market is segmented into codfish, tuna, crustacean, sardine, tilapia, Atlantic salmon, anchovy, mollusks and other

Technology

  • Enzymatic Hydrolysis
  • Autolytic Hydrolysis
  • Acid Hydrolysis

On the basis of technology, the fish protein hydrolysate market is segmented into enzymatic hydrolysis, autolytic hydrolysis, and acid hydrolysis

Application

  • Animal feed
  • Food
  • Cosmetics
  • Pharmaceutical
  • Agriculture

On the basis of application, the fish protein hydrolysate market is segmented into food & beverage, feed, pharmaceuticals and cosmetics. Feed segment is dominating the fish protein hydrolysate market as fish protein hydrolysate is very popular for feeding livestock in Asian countries.

Distribution channel

  • Direct
  • Indirect

On the basis of the distribution channel, the fish protein hydrolysate market is segmented into direct and indirect. Direct distribution channel dominates the fish protein hydrolysate market since the direct purchase of both food and feed products is preferred by the consumers.

Fish Protein Hydrolysate Market Regional Analysis/Insights

The fish protein hydrolysate market is analyzed and market size insights and trends are provided by country, form, source, technology and application as referenced above.

The countries covered in the fish protein hydrolysate market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The most dominating region is North America. This is due to the highly evolved retail structure and increased adoption of fish protein due to the rise in obesity prevalence. The demand for fish protein in this region is growing because of increased consumer spending on dietary foods and cosmetics. However, increase in fish farming and a surge in the adoption of fish meal in the animal feed industry, China is expected to grow at the fastest CAGR throughout the forecast period.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Fish Protein Hydrolysate Market Share Analysis

The fish protein hydrolysate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fish protein hydrolysate market.

Some of the major players operating in the fish protein hydrolysate market are:

  • Hofseth BioCare ASA (Norway)
  • Diana Group S.r.l (Brittany)
  • Bio-marine Ingredients Ireland (Ireland)
  • Copalis (France)
  • Janatha Fish Meal & Oil Products (India)
  • Scanbio Marine Group AS (Norway)
  • Sopropêche (France)
  • Omega Protein Corporation (US)
  • Sociedad Pesquera Landes Sa (Chile)
  • TC Union Agrotech and United Fisheries (Thailand)


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Frequently Asked Questions

The market value for Fish Protein Hydrolysate Market is expected USD 342.00 million by 2029.
The Fish Protein Hydrolysate Market is to grow at a CAGR of 4.30% during the forecast period of 2022 to 2029.
The Fish Protein Hydrolysate Market is segmented by Form, Source, Technology, Application, and Distribution.
The most dominating region is North America. This is due to the highly evolved retail structure and increased adoption of fish protein due to the rise in obesity prevalence.