Fish Protein Hydrolysate Market is predicted to reach USD 0.54 billion by 2030 at a CAGR of 4.33% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Global Fish Protein Hydrolysate Market” that contains information from 2018 to 2030. The Fish Protein Hydrolysate market is estimated to register a CAGR of 4.33% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Fish Protein Hydrolysate market— Hofseth BioCare ASA (Norway), Diana Group (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).
Fish Protein Hydrolysate Market Highlights
The global Fish Protein Hydrolysate market is accounted to register a CAGR of 4.33% during the forecast period and is estimated to reach USD 0.54 billion by 2030
The fish protein hydrolysate market comprises products obtained through the enzymatic hydrolysis of fish proteins, yielding bioactive peptides with nutritional and functional properties. These hydrolysates find applications in animal feed, dietary supplements, and plant fertilizers, driven by the growing interest in sustainable protein sources and their potential benefits in various industries. The market's expansion is influenced by trends favoring health and sustainability.
Segment Analysis
The global Fish Protein Hydrolysate market has been segmented based on Source, Form and Application.
On the basis of Source, the market is segmented into Anchovy, Herrings, Menhaden, Sardines, and Shads. According to the revenue generated by the fish protein hydrolysate market in 2022, the anchovy fish protein hydrolysate segment held the majority share. Anchovy fish protein hydrolysate is very nutrient-dense.
Based on Form, the global Fish Protein Hydrolysate market has been segmented into Liquid and Powder. In 2022, the Powder category led the market. From 2022 to 2030, it is expected to increase at a higher rate. The protein-rich powder is an amorphous, free-flowing substance that has been spray-dried. This market is expanding as a result of the wide range of uses it has in industrial fermentation, fertiliser, and veterinarian feed for piglets, poultry, animals that bear fur, aquafeed, and the pet food industry.
Based on Application, the global Fish Protein Hydrolysate market has been segmented into minimal Food, Pharmaceuticals, Animal Feed & Pet food, and Personal Care. The application segment's market for fish protein hydrolysate was dominated by the food industry. In order to maximise feed utilisation, immunological response, and enhance the beneficial microflora while establishing pathogen resistance, extra chemicals have been increasingly incorporated into animal feed products due to the rising number of transmissible diseases in livestock such as cattle, beef, and cows.
Regional Analysis
The global Fish Protein Hydrolysate market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Fish Protein Hydrolysate market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Fish Protein Hydrolysate market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Fish Protein Hydrolysate market comprises of Middle East, Africa, and Latin America.
The North America Fish Protein Hydrolysate Market dominated this market in 2022. It is anticipated to increase at a considerable CAGR during the study period, reaching USD 0.4 billion in 2022. This is ascribed to the rise in health consciousness among people as a result of sedentary work environments becoming more prevalent throughout the Region together with a stressful and chaotic lifestyle.
Additionally, the market for fish protein hydrolysate in Europe holds the second-largest market share as a result of the increased health consciousness among consumers as a result of sedentary work environments and an increasingly hectic lifestyle. Additionally, the UK Fish Protein Hydrolysate Market had the quickest rate of growth in the European Region, and the Germany Fish Protein Hydrolysate Market had the biggest market share.
Moreover, from 2022 to 2030, the market for fish protein hydrolysate in Asia-Pacific is anticipated to expand at the quickest rate. This is a result of consumers adopting healthier lifestyles and gravitating towards things that are beneficial to their health. Additionally, customers' awareness of the many health advantages of fish protein is growing, which motivates producers to concentrate on employing fish protein hydrolysate in a variety of goods.
Key Findings of the Study
- The global Fish Protein Hydrolysate market is expected to reach USD 0.54 billion by 2030, at a CAGR of 4.33% during the forecast period.
- The North America Fish Protein Hydrolysate Market dominated this market in 2022. It is anticipated to increase at a considerable CAGR during the study period, reaching USD 0.4 billion in 2022.
- Based on Form, In 2022, the Powder category led the market.
- Hofseth BioCare ASA (Norway), Diana Group (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).
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 167 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.