Press Release

Fish Protein Hydrolysate Market to Reach USD 356.2 Million by 2032, Growing at 4.8% CAGR

Date : Jun 25, 2024

Fish Protein Hydrolysate Market Analysis:

The fish protein hydrolysate (FPH) market is expanding rapidly, driven by rising demand across a wide range of sectors. FPH, generated from the enzymatic hydrolysis of fish proteins, is a rich source of amino acids, peptides, and bioactive compounds that are used in animal feed, food, cosmetics, medicines, and agriculture. The animal feed industry accounts for a large percentage of the market, with FPH used as a high-quality protein supplement in aquaculture and livestock diets, improving growth rates, feed efficiency, and overall animal health. This application is especially important as worldwide aquaculture production rises to satisfy rising seafood demand, and animal husbandry seeks sustainable and nutritious feed alternatives.

Beyond animal feed, FPH is gaining popularity in the food business because to its nutritional benefits and functional qualities, and is being used in dietary supplements, protein-rich meals, and sports nutrition products. FPH is used in cosmetics due to its skin-rejuvenating and hydrating qualities, which drive its inclusion in skincare formulas. Furthermore, FPH's potential in pharmaceuticals is being investigated for its bioactive peptides, which could support a variety of health advantages such as wound healing and anti-inflammatory properties. The agriculture industry also uses FPH as an organic fertilizer to increase soil health and crop output. Overall, the FPH market is expected to grow further as more people become aware of its nutritional benefits, production technologies advance, and applications expand across numerous industries.

Key Points and Statistics on the Fish Protein Hydrolysate Market:

·         The global fish protein hydrolysate market is expected to reach USD 356.2 million by 2032, with a 4.8% CAGR from 2023-2032

·         The fish protein hydrolysate market is expected to reach USD 224.8 million in 2022, with segments including source, form, technology, application, and geography

·         North America is projected to be the top revenue-generating area by 2032

·         Asia-Pacific region is expected to grow with fastest rate from 2023 to 2032

·         Anchovy is the leading source among the fish protein hydrolysate industry

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Major Drivers of Growth for Fish Protein Hydrolysate Market

The growth of the fish protein hydrolysate (FPH) market is driven by several key factors. Firstly, the increasing demand for sustainable and organic agricultural practices is driving the adoption of FPH as a natural fertilizer and soil conditioner. By enhancing soil health through improved nutrient availability and beneficial microbial activity, FPH enables higher crop yields and quality, aligning with the growing awareness of environmental sustainability in agriculture.

Secondly, the expanding aquaculture industry is a significant driver of FPH market growth. FPH is extensively used in aquafeed formulations to boost the nutritional value and digestibility of feeds for fish and shrimp, as global seafood consumption continues to rise. To meet this growing demand, aquaculture production is increasing, which in turn drives the need for efficient and sustainable feed additives like FPH. The ability of FPH to improve growth rates, disease resistance, and overall health of aquatic species positions it as a vital component in the aquaculture value chain, propelling market expansion.

Opportunities in the Fish Protein Hydrolysate Market

The fish protein hydrolysate (FPH) market is poised for growth, driven by advancements in biotechnology and increasing consumer demand for natural and sustainable products. One key opportunity lies in expanding FPH applications within the food and beverage industry, where it can be incorporated into dietary supplements, sports nutrition products, and functional beverages as a natural and sustainable protein source. The clean label trend, emphasizing transparency and minimal processing, positions FPH as an attractive ingredient for manufacturers seeking to meet consumer preferences for natural and wholesome products.

Another promising opportunity is leveraging FPH in the cosmetics and personal care industry, where its bioactive peptides and amino acids have demonstrated benefits for skin health, including moisturizing, anti-aging, and skin rejuvenation properties. As consumers demand natural and efficacious cosmetic ingredients, FPH can be developed into skincare and haircare products. The growing trend towards sustainability in the beauty industry further enhances FPH's appeal as a sustainable ingredient sourced from fish by-products. These opportunities highlight FPH's potential to diversify its market presence beyond traditional applications, capitalizing on emerging consumer trends and industry demands

Fish Protein Hydrolysate Market Segmentation:

Based on Source

·         Anchovy

·         Tilapia

·         Tuna

·         Sardine

·         Atlantic Salmon

·         Crustacean

·         Codfish

·         Others

Based on Form

·         Powder

·         Paste

·         Liquid

·         Others

Based on Technology

·         Acid Hydrolysis

·         Enzymatic Hydrolysis

·         Autolytic Hydrolysis

Based on Application

·         Animal Feed

·         Food

·         Cosmetics

·         Pharmaceutical

·         Agriculture

Based on Region

·         North America

·         Europe

·         Asia-Pacific

·         Latin America

·         The Middle East & Africa

Fish Protein Hydrolysate Market Regional Overview:

Europe and North America are significant markets for FPH, focusing on sustainable agriculture and animal feed production. The European Union's regulations on animal welfare and environmental sustainability have increased the demand for FPH as a natural, eco-friendly protein source. In North America, market growth is driven by the rising demand for high-quality pet food and aquafeed, alongside sustainable agriculture and aquaculture practices. The Middle East and Africa are emerging markets, with growing demand for protein-rich foods and increasing investments in aquaculture and animal feed production.

The global Fish Protein Hydrolysate (FPH) market is expanding, with a notable presence in various regions. Asia-Pacific is currently the fastest-growing market, driven by the increasing demand for sustainable and eco-friendly products. China, Japan, and India are key contributors, focusing on aquaculture and animal feed industries. The region's growing middle class and rising disposable income have led to higher demand for high-quality, protein-rich foods, expected to boost FPH demand further.

Fish Protein Hydrolysate Market Companies:

Prominent players in the industry include Nutrifish, Omega Protein, Scanbio Marine Group, Diana Aqua (Symrise Ag), Bio-Marine Ingredients Ireland Ltd, SAMPI, Alaska Protein Recovery, Diana Pet Food, Hofseth Biocare ASA, Rossyew, Janatha Fish Meal & Oil Products, and Copalis Sea Solutions.

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