Fish Protein Hydrolysate Market size is anticipated to reach USD 400 million by the end of 2035, growing at a CAGR of 5% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of fish protein hydrolysate was around USD 220 million. The growth of the market can be attributed to the increasing demand for animal protein and especially the proteins extracted from fish. Fish protein hydrolysates are expected to experience significant growth in the coming years as demand for fish as a protein source rises. More than 2 billion individuals worldwide get roughly 20% of the animal protein when they consume per person from fish, and close to 3 billion do the same.
Furthermore, factors that are believed to fuel the fish protein hydrolysate market growth of fish protein hydrolysates include the rising generation of waste produced by the fish processing industry. A good supply of amino acids, proteins, antioxidants, and peptides is FPH derived from fish processing waste, such as heads, skin, viscera, bones, and liver. Globally around 60% of the biomass is expected to be generated and discarded by the fish processing sector each year.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~5% |
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Base Year Market Size (2022) |
~ USD 220 million |
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Forecast Year Market Size (2035) |
~ USD 400 million |
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Regional Scope |
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Application (Animal Feed, Aquaculture, Pet Food)
The animal feed segment in the fish protein hydrolysate market is slated to register the largest revenue share in the year 2035. The segment growth is influenced by the increased breeding of poultry and the rising population of pigs. One of the key elements supporting the advantages of fish protein hydrolysates in many nutritional applications, including poultry feed, swine feed, and others, is their high amino acid concentration. There are around 677.6 million pigs in the world as of 2021. In the same year, there were roughly 406 million pigs in China, which is the world's largest pig producer. In addition to this, according to the Food and Agriculture Organizations of the United Nations, more than 33 billion chickens lived in the world in 2020. Asia accounted for about 46% of these.
Source (Tilapia, Tuna, Anchovy, Sardine, Crustacean, Mollusca, Atlantic Salmon, Codfish)
Fish protein hydrolysate market from the tuna segment is set to garner a significant share in the year 2035. The segmental growth is propelled on the account of rising production of tuna all across the world. According to the statistics of the United Nations, tuna and species that resemble tuna are fished annually in excess of 7 million metric tons, all over the world. These migratory tuna species make up more than 8% of all seafood traded internationally and 20% of the value of all marine capture fisheries. Besides this, the high nutritional value of tuna is also expected to boost market growth. Among other benefits, tuna has a high Omega-3 content and is a good source of minerals, proteins, and vitamin B12.
Our in-depth analysis of the global fish protein hydrolysate market includes the following segments:
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Application |
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Source |
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European Market Statistics
The fish protein hydrolysate market in Europe is predicted to be the largest with a share of about 35% by 2035. The growth of the market can be attributed majorly to the growing adoption of pets. Over 84 million cats and 73 million dogs were kept as pets in the European Union. In addition, there were around 34 million decorative birds and 22 million various small mammals. On the other hand, the rising production of fish by-products is also expected to boost the market growth in the region. Waste from the fishing sector makes up around 5 million tons annually in the European Union.
North American Market Forecast
The North America fish protein hydrolysate market is slated to register a notable share by 2035. The market growth can be attributed majorly to the rising production of poultry, including chicken and turkey. According to the statistics of the United States Department of Agriculture, in 2020, 9.22 billion broilers were produced in total, a small increase from 2019. In contrast to the 7.47 billion pounds generated in 2019, the total amount of turkey produced in 2020 was 7.32 billion pounds. The rising demand for dietary supplements is also expected to augment the fish protein hydrolysate market growth in the region.
Author Credits: Anil Kumar, Ipsheeta Dash
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