Fish Protein Hydrolysate Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Fish Protein Hydrolysate Market is Segmented By Form (Paste, Powder, Liquid), By Source (Tilapia, Crustacean Anchovy, Sardine, Atlantic salmonTuna, Molluscs, Codfish), By Technology (Autolytic Hydrolysis, Acid Hydrolysis, Enzymatic Hydrolysis), By Application (Animal Feed & Pet Food, Food, Cosmetics, Pharmaceuticals, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Fish Protein Hydrolysate Market Overview

[150 pages report] Fish protein hydrolysate market is expected to reach at a high CAGR of 4.2% during the forecast period (2024-2031).

Fish protein hydrolysate is a bioactive compound produced using degraded proteins present in fish material. Enzymatically produced hydrolysates are widely used, involving decomposing minced fishes with enzymes to break down the proteins into peptides and amino acids. Fish protein hydrolysate can be produced using salt and freshwater fishes, such as tuna, anchovy, sardine, crustacean, and salmon. It is generally used as an emulsifier, food binder, gelling agent, cosmetic, animal feed and nutritional supplement in paste, powder, and liquid. It is a rich source of essential fatty acids and can aid in controlling blood pressure and cardiovascular health.

Fish Protein Hydrolysate Market - Strategic Insights

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Fish Protein Hydrolysate Market Dynamics

Growing consumer preference towards the consumption of nutrient and chemical-free food products

Growing consumer preference for the consumption of nutrient and chemical-free food products is expected to drive the market growth. Owing to the significant amount of minerals and vitamin A and D, the fish protein hydrolysate is used as an ingredient in different food products. As fish protein hydrolysate has translucent properties, it is used as gelatin in flavored and non-flavored foodstuff. The rise in utilization of animal feed products as they aid in boosting the metabolic system against infections and the declining outbreak of diseases, and increased demand for easily digestible and high-quality protein powders accelerate the market growth. The fish protein hydrolysate is also an imperative agent in pet food products. It is a rich source of micronutrients and offers various health benefits, such as anti-aging benefits for the skin, controlling blood pressure levels, and enhancing animal bones' growth. Fish protein hydrolysate is widely used in the pharmaceuticals and organic cosmetics industries, which is anticipated to take wider opportunities for the manufacturers operating in the fish protein hydrolysate market. It is used as an organic nutri-cosmeceuticals.

However, a short supply of raw materials, such as tuna and mollusks sourced from the Pacific Ocean and Atlantic Salmon obtained from the Scandinavian countries, including Finland, Norway, and Sweden, is projected to hinder the market growth. Moreover, aquatic products are excessively perishable and are stored, processed, and sold quickly. Herein, unforeseeable obstacles in the transport routes prevent the smooth movement of fresh food supply chains, thereby resulting in food loss and hindering market demand.

Fish Protein Hydrolysate Market Segmentation Analysis

The powder segment held the highest market revenue share of xx% in the year 2021

Based on form, the powder segment held the highest market revenue share of xx% in 2021. Powder solutions are widely used in manufacturing pharmaceutical-grade protein powders that support muscle and blood recovery after accidents. Increasing demand for natural ingredients with low toxicity in the pharmaceutical industry and economic nature compared to way isolate protein powders is likely to boost market share. The protein hydrolysate market from powder form is set to register higher in the forecast period because of reduced spoilage and low cost. These products have a unique amino acid profile and a high-water solubility, making them suitable for nutraceutical and medication formulations.

Based on the source, the Atlantic salmon segment held the highest market revenue share of xx% in 2021. Atlantic salmon protein hydrolysates are rich in omega 3 and long branched amino acids, making them compatible with various aquaculture feed formulations. Its easily digestible nature and compatibility with salt and seawater aquatic life are likely to boost product demand. The global market for Atlantic salmon is likely to surpass higher by the forecast period owing to increasing demand for pure and high-quality protein hydrolysates. As per The Food and Agriculture Organization of the United Nations (FAO), in 2018, Atlantic salmon produced in world aquaculture was 2 million tonnes. Industry players are rapidly developing targeted solutions for the aquaculture industry by introducing pure Atlantic salmon hydrolysates. These factors raise the growing demand for Atlantic salmon.

Fish Protein Hydrolysate Market Geographical Share

Asia pacific is dominating the global fish protein hydrolysate market in the year 2021

The Asia Pacific is anticipated to grow at the fastest share in the fish protein hydrolysate market due to rising preference towards aqua nutrition, changing perceptions of skincare, rapid industrialization, rising demand for fish protein driven diets, and the addition in usage of fish protein hydrolysate as a functional food or dietary supplement. The rising aging population, expanding product portfolio of major cosmetic manufacturers, and rising demand for fertilizers in emerging economies such as India and China are expected to drive the market's growth in this region.

Fish Protein Hydrolysate Market Companies

The major players covered in the fish protein hydrolysate market report are Copalis Sea Solutions, HofsethBiocare, Diana Group, sopropeche, Alaska Protein, ChemPvt Ltd., Neptune’s Harvest, Scanbio Marine Group, TripleNine Group, and Shenzhen Taier Biotechnology Co., Ltd. among other domestic and global players. The market players are adopting several strategies, including mergers and acquisitions, product launches, and partnerships and collaborations to expand market share. For instance, In July 2020, Sociedad Pesquera Landes S.A. started the construction of two hydrolysate plants in Chile to convert farmed salmon by-products and silage into proteins for animal nutrition. This plant capacity development would enable the company to strengthen its foothold in the fish protein hydrolysate market in Latin America. In November 2019, Dehydrated Foods, Inc. was acquired by Symrise AG. This strategic acquisition would combine the operations and product portfolio of American Dehydrated Foods, Inc. with those of Symrise Nutrition better serve the pet food industry with its natural formulations.

COVID-19 Impact

Negative impact on the global fish protein hydrolysate market

Governments worldwide are imposed the lockdowns and executed restraints on shipping, air, road, and rail travel, likely hampering the market growth. Fish protein hydrolysate requires various raw materials to produce a stable and pure product. Stringent restriction on trade & lowering supply chains makes it difficult to source materials for the food and beverage industry, likely to hamper fish protein hydrolysate market growth. The shortage of raw materials like Atlantic Salmon sourced from the shores of Scandinavian countries and Tuna sourced from the Sea of Japan is likely to hamper growth. Aquatic products and fresh fish are highly perishable and need to be sold, processed, or stored quickly. Blockages to transport routes are obstructive to fresh food supply chains. They are likely to result in food loss, which will constrain the market expansion.