Global Fish Protein Hydrolysate Market Size, Trends, and Analysis - Forecasts to 2026 By Technology (Acid Hydrolysis, Autolytic Hydrolysis, Enzymatic Hydrolysis), By Form (Liquid, Powder), By Source (Anchovy, Herrings, Menhaden, Sardine, Shads, Others), By Application (Food, Pharmaceuticals, Animal Feed & Pet Food, Cosmetics, Others), By Region (North America, Europe, Asia Pacific, MEA, and CSA), Competitor Analysis
The fish protein industry has been witnessing a constant upward trend for the last many decades. However, in recent times, various countries and manufacturers have shown a keen interest in utilizing the fish materials leftover (after the main production activities). Many producers and manufacturers have found new techniques and production methods that enable them to utilize and recover every bit of nutrient available from the fish matter, and one such valuable nutrient is the fish protein hydrolysate.
Fish Protein Hydrolysate is a product manufactured by breakage of fish tissues present in the fish or other fish materials which is then further processed into smaller parts. This hydrolysate is a mixture of broken proteins. Today, fish products are significantly utilized for food consumption as an essential source of protein. Also, the number of fishery activities and fishery business is growing tremendously, consequently increasing the fishing waste and fish material left behind, thus giving rise to the solutions that can efficiently utilize these leftover materials as they are a source of ample amount of nutrients.
Fish protein hydrolysate is an extensively demanded product in the market due to the presence of different chemical compositions in it, which is essential for balancing the nutritional component in human health. The high demandfor chemical compositions like amino acids(essential for maintaining good human health) will drive the market growth exponentially.
Besides, most of the sports-oriented countries like the U.S., Germany, Spain, the African region, and others have been taking a keen interest in the product. Professional athletes are suggested to add fish protein hydrolysate into their routine supplements as these are very helpful to support muscle anabolism and quick metabolic recovery. The increasing awareness and encouragement regarding weight maintenance, body and muscle building, and physical strength consistently increase the demand for fish protein hydrolysate in these countries. Hence the rising demand from these countries will propel the market growth during the forecast period.
Due to the highly stressful and hectic work life in this fast-moving and developing world, people tend to ignore consuming food that is beneficial for the body and contains required nutrients. The fast-food outlets and easy-to-cook items lack the nutrients and composition of proteins that are required for the body and immune system, thus causing insufficiency of those leading to increased chronic diseases and decreased immune systems. Various companies have introduced products or supplements that contain fish protein hydrolysate to balance the hectic work life and good health. These are beneficial to maintain blood glucose, regulate the bowel movements and gastrointestinal track, maintain optimal blood pressure and blood flow, support cognitive functioning, maintain cholesterol equilibrium, and promote good cardiovascular health. Hence, increasing the interest of manufacturers in launching such products will boost the market growth.
Besides being used to maintain nutrient balance in the human body, the aquaculture industry is also tremendously increasing, thus demanding the fish protein hydrolysate as a source of aquaculture feed, which is utilized to enhance the growth and health quality of fishes and other aqua species. Hence, the rising demand for this protein in the aquaculture industry will help boost the fish protein hydrolysate market.
Based on technology the market is segmented into acid hydrolysis, autolytic hydrolysis, and enzymatic hydrolysis. Acid hydrolysis is the majorly used technology in the fish protein hydrolysate market and hence is the dominant segment. Acid Hydrolysis is considered the most efficient method for the production of fish protein hydrolysate. The ability of acid hydrolysis to hydrolyze the protein in a much shorter duration makes it more preferred as compared to other technologies like enzymatic hydrolysis and autolytic hydrolysis. This technology enables the manufacturers to produce value-added products like fish protein hydrolysate instead of discarding the low-value fish material.
Also, enzymatic hydrolysis is expected to witness a faster growth rate as compared to other segments during the forecast period. Although this technology is significantly more costly and consumes much more time for processing and production, the output produced or the final product of fish protein hydrolysate has comparatively more nutritional value and is superior in quality compared to the output produced using acid hydrolysis or autolytic hydrolysis. Hence, it’s the fastest-growing segment in the market.
Based on form, the market can be segmented into powdered form and liquid form. A powdered form of a fish protein hydrolysate is most significantly demanded and preferred in the market for various applicational purposes. The dried and powdered form of a fish protein hydrolysate is considerably easier for long-term storage and can be conveniently transported to the end-users. Also, having no moisture content makes the powered fish protein hydrolysate long-lasting with a prominent shelf life.
Based on the source, the market is segmented into anchovy, herrings, menhaden, sardine, shads, others.Anchovies are the most significant and largely demanded source for the production of fish protein hydrolysate. This source is more preferred due to the ability to produce higher quality output as compared to other sources. These fish protein hydrolysates are demanded soil enhancement and are used as agricultural fertilizers to increase productivity from the farms.
Also, sardine-based fish protein hydrolysate is expected to witness a faster growth rate during the forecast period, owing to its chemical compositions and richness in amino acid and other nutrients. The growing demand for animal and aquaculture feed/ fodder is increasing growth in the sardine-based fish protein hydrolysate.
Based on the application outlook, the market is segmented into food, pharmaceuticals, animal feed & pet food, cosmetics, others. The fish protein hydrolysate is most prominently used for animal feed and pet food and hence the market is dominant with this segment from 2021-2026. The fish protein hydrolysate has tremendous water content and moisture, which is highly suitable for supplying essential nutrients to animals and pets. Incorporating fish protein hydrolysate in feed for animals like livestock, poultry, aquaculture, or pets enables them to achieve required growth and reach the desired development stage.
As per the geographic scope, the North American regionisdominant in the fish protein hydrolysate market. Products like Amizate, Seacure, Vasotensin, and many others are manufactured in countries like the USA and Canada for dietary plans. Moreover, these countries are highly sports enthusiasts and have many verticals that promote a healthy diet and incorporate protein supplements into their routine.
Asia Pacific region is expected to witness the fastest growth rate during the forecast period. The countries in this region are gradually gaining awareness about protein supplements and measures to keep a balanced healthy lifestyle. The countries like India, Japan, China, and South Korea are also emerging hubs for manufacturers to initiate the sales and marketing strategies of their products and gain sales revenue.
Ag Florida, Inc., Alaska Protein Recovery, LLC, Sopropeche, BrownsFish Genesis, Sampi, Dramm Corp., Neptune's Harvest, Shenzhen Taier, U.S. Scanbio, United Fisheries, New Alliance Dye ChemPvt. Ltd., Marutham, Janatha Fish Meal & Oil Products are some of the most prominent players.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Fish Protein Hydrolysate Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Fish Protein Hydrolysate Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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