The global fish protein hydrolysate market size accounted for USD 317.20 million in 2023 and is predicted to cross around USD 449.20 million by 2033, growing at a CAGR of 3.54% from 2024 to 2033.
Key Points
- Europe has 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 (FPH) is a mixture of amino acids and peptides produced from the enzymatic hydrolysis of fish proteins. It is widely used in the food and feed industries due to its nutritional value and functional properties. The FPH market has been growing steadily as it serves as a key ingredient in products such as nutritional supplements, animal feed, and pet food.
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Growth Factors:
The growth of the Fish Protein Hydrolysate market can be attributed to increasing demand for protein-rich diets and rising health consciousness among consumers. The functional properties of FPH, such as enhancing flavor and improving texture, have made it a sought-after ingredient in the food and beverage industry. Additionally, its applications in animal feed and pet food industries further drive market growth.
Region Insights:
The global Fish Protein Hydrolysate market is segmented by regions such as North America, Europe, Asia-Pacific, and others. In Asia-Pacific, countries like China and India are witnessing a surge in demand due to the growing population and changing dietary patterns. North America and Europe also show substantial market potential due to the presence of key industry players and a focus on health and wellness trends.
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:
The market is driven by several factors, including increasing consumer preference for natural and organic products, rising awareness of the health benefits of fish protein, and the growing demand for high-quality animal feed. The need for sustainable and efficient protein sources in the food industry also propels the demand for FPH.
Opportunities:
Opportunities in the Fish Protein Hydrolysate market include the potential for product innovation and development of new applications in nutraceuticals and cosmetics. Companies can also explore the use of different fish species and processing methods to produce unique and high-quality hydrolysates. Additionally, the market could benefit from improved production technologies and cost-effective solutions.
Challenges:
Despite the promising outlook, the Fish Protein Hydrolysate market faces some challenges, such as stringent regulatory requirements and varying standards across regions. The risk of overfishing and environmental concerns also pose challenges for the industry. Furthermore, high production costs and competition from alternative protein sources may hinder market growth.
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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
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