May 21, 2024

Fish Protein Hydrolysate Market Size, Share, Report by 2033

The global fish protein hydrolysate market size reached USD 317.20 million in 2023 and is projected to attain around USD 449.20 million by 2033, growing at a CAGR of 3.54% from 2024 to 2033.

Key Points

  • Europe accounted for 37% market share in 2023.
  • Based on form, the powder segment held the largest share of 68% in 2023.
  • Based on technology, the enzymatic hydrolysis segment dominated the market and accounted for 84% market share in 2023.
  • By the application, the animal feed industries segment has generated a 60% revenue share in 2023.
  • Based on source, the Atlantic salmon segment is observed to witness a significant growth rate during the forecast period.

Fish Protein Hydrolysate Market Size 2024 to 2033

Fish protein hydrolysate (FPH) is a product obtained through the enzymatic hydrolysis of fish proteins, resulting in the breakdown of proteins into smaller peptides and amino acids. FPH is widely used in various industries such as food and beverages, animal feed, pharmaceuticals, and cosmetics due to its high protein content, nutritional value, and bioactive properties. The global fish protein hydrolysate market has been experiencing significant growth in recent years due to the increasing demand for protein-rich food products, growing awareness about the health benefits of fish protein, and rising consumer preference for natural and sustainable ingredients.

Get a Sample: https://www.precedenceresearch.com/sample/4100

Growth Factors

Several factors are driving the growth of the fish protein hydrolysate market. Firstly, the growing popularity of protein-rich diets among consumers, coupled with rising health consciousness, has led to increased demand for fish protein hydrolysate as a nutritional supplement. Additionally, the expanding application of FPH in the food and beverage industry, especially in sports nutrition products, functional foods, and dietary supplements, is driving market growth. Moreover, the rising demand for natural and clean-label ingredients in food and cosmetic products is fueling the demand for FPH.

Regional Insights:

The fish protein hydrolysate market is segmented into various regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe are leading markets for FPH, driven by the presence of well-established food and beverage industries, increasing consumer awareness about the health benefits of fish protein, and the growing popularity of natural and functional ingredients. Asia Pacific is also emerging as a significant market for FPH, attributed to the rising demand for protein-rich dietary supplements and functional foods in countries like China, India, and Japan.

Fish Protein Hydrolysate Market Scope

Report Coverage Details
Global Market Size in 2023 USD 317.20 Million
Global Market Size in 2024 USD 328.43 Million
Global Market Size by 2033 USD 449.20 Million
Growth Rate from 2024 to 2033 CAGR of 3.54%
Largest Market Europe
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Form, By Technology, By Source, and By Application
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Fish Protein Hydrolysate Market Dynamics

Drivers:

Key drivers of the fish protein hydrolysate market include the growing demand for protein-rich food products, increasing health consciousness among consumers, and rising adoption of natural and sustainable ingredients in the food and beverage industry. Additionally, the expanding applications of FPH in animal feed formulations, particularly in aquaculture and pet food, are driving market growth. Moreover, advancements in protein extraction and processing technologies are enhancing the quality and functionality of FPH, further boosting market growth.

Opportunities:

The fish protein hydrolysate market presents several opportunities for growth and expansion. There is a growing opportunity for FPH manufacturers to innovate and develop new products tailored to specific consumer needs, such as allergen-free or organic FPH. Additionally, expanding into emerging markets in Asia Pacific and Latin America offers significant growth opportunities for FPH manufacturers. Moreover, collaborations and partnerships with food and beverage companies, nutraceutical manufacturers, and research institutions can create new avenues for market expansion.

Challenges:

Despite the favorable market conditions, the fish protein hydrolysate market faces several challenges. One of the primary challenges is the sourcing of raw materials, as sustainable and responsibly sourced fish raw materials are essential to maintain the environmental and social integrity of FPH production. Additionally, fluctuations in fish stocks, environmental regulations, and concerns regarding overfishing pose challenges to the long-term sustainability of the FPH industry. Moreover, competition from alternative protein sources and the high cost of production are other challenges that FPH manufacturers need to address.

Read Also: U.S. Off-road Vehicles Market Size to Reach USD 19.09 Bn by 2033

Recent Developments

  • In May 2022, Pioneer Points Partners and Verdane collaborated with Scan Bio Marine Group to fulfil the requirement to build one of the largest and leading aquaculture waste management providers in Europe.
  • In February 2022, Ireland-based bio marine ingredients, BMI, raised USD 7.4 million based on a loan note. The Irish company supplies fish protein hydrolysate, calcium, and lipids to the human nutrition, pet food, and fertilizer sectors. It can produce a fraction of 35% to 90% protein as it is customizable according to the consumer’s demand.

Fish Protein Hydrolysate Market Companies

  • Copalis Sea Solutions
  • Hofseth Biocare ASA
  • SOPROPECHE
  • TC Union AGRO-TECH
  • Diana Pet Food
  • Triple Nine
  • SAMPI
  • 3D Corporate Solutions
  • Bio-Marine Ingredients Ireland Ltd.
  • Green Earth Industries LLC.
  • Diana Aqua (Symrise Ag)
  • Rossyew
  • Nutrifish
  • Scan bio Marine Group
  • Omega Protein
  • Janatha Fish Meal & Oil Products
  • Sociedad Pesquera Landes
  • Alaska Protein Recovery

Segments Covered in the Report

By Form

  • Powder
  • Paste
  • Liquid

By Technology

  • Acid Hydrolysis
  • Enzymatic Hydrolysis
  • Autolytic Hydrolysis

By Source

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

By Application

  • Pharmaceuticals
  • Food Industries
  • Animal Feed Industries
  • Agriculture
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://www.expresswebwire.com/

Blog: https://www.uswebwire.com/

Blog: https://www.dailytechbulletin.com/

Blog: https://www.autoindustrybulletin.com/

Leave a Reply

Your email address will not be published. Required fields are marked *