by The global fish protein hydrolysate market size was estimated at USD 317.20 million in 2023 and is predicted to reach 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 product obtained by enzymatic hydrolysis of fish proteins. This process breaks down the proteins into smaller peptides, making them more easily digestible and offering a variety of health benefits. FPH is widely used in animal feed, dietary supplements, and functional foods due to its high protein content and beneficial properties such as antioxidant and antimicrobial activities.
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Growth Factors:
The growth of the Fish Protein Hydrolysate market is fueled by the increasing demand for protein-rich products in the food and feed industries. Additionally, rising awareness of the health benefits associated with FPH, such as muscle growth and recovery, boosts its adoption in dietary supplements. The growing preference for sustainable and natural sources of protein also contributes to market expansion.
Region Insights:
The Fish Protein Hydrolysate market exhibits strong growth across various regions. North America and Europe lead the market due to high consumer awareness and demand for functional foods and dietary supplements. Asia-Pacific is also a significant market, driven by the region’s large aquaculture industry and rising health consciousness among consumers. Latin America and the Middle East & Africa present emerging opportunities for market growth.
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 for the Fish Protein Hydrolysate market include the rising demand for protein-rich foods and supplements, the growth of the aquaculture industry, and the shift toward natural and sustainable protein sources. Additionally, the increasing use of FPH in animal feed for improved growth and health of livestock contributes to market growth.
Opportunities:
The market offers opportunities for expansion in areas such as product innovation and development of FPH-based functional foods and supplements. The trend towards sustainable and eco-friendly production methods also presents potential for growth. Companies can explore untapped markets in emerging economies where health awareness is rising.
Challenges:
Challenges in the Fish Protein Hydrolysate market include fluctuating raw material prices and supply chain issues related to fish sourcing. The regulatory environment for food and feed products can also pose challenges for market players, as compliance with different regional standards may be complex. Additionally, competition from alternative protein sources can impact 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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