Fish Protein Hydrolysate Market Analysis & Opportunity Outlook 2023-2035

Global Fish Protein Hydrolysate Market Size, Forecast, and Trend Highlights Over 2023 - 2035

The global fish protein hydrolysate market size is estimated to reach ~USD 400 Million by the end of 2035 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of fish protein hydrolysate was ~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.

In addition to these, factors that are believed to fuel the 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. The inclusion of various proteolytic enzymes can convert this waste into high-value products such as fish protein hydrolysates. On the other hand, the rising demand for protein supplements in the everyday diet is also anticipated to boost the market growth.

Global Fish Protein Hydrolysate Market: Growth Drivers and Challenges

Growth Drivers

Rising Aquaculture Industry– With the increased production of aquaculture both the number of fish and the amount of by-product also increase. According to the statistics of Food and Agriculture Organizations of the United Nations, 2020 saw a continuation of the global aquaculture industry's growth despite the COVID-19 pandemic's global spread. Moreover, the global production of aquatic animals for human consumption totaled 87.5 million tons.
Increasing Demand for Protein Supplements– Fish protein powder (FPP) is a dried, solid fish product that contains more protein per serving than the actual fish does and it is used in non-vegan protein supplements. Around 46% of Americans, or every 2nd person, regularly consume protein-rich drinks and smoothies. Additionally, the majority of Americans eat twice as much protein as they require.
Rising Population Living with Lactose Intolerance – Fish protein serves as the protein source for those who are lactose intolerant as it does not contain milk and should be safe for those who have a milk allergy. Adults with the condition see a decline in the LCT gene's activity, which makes it harder for them to digest lactose as they become older. This kind of lactose intolerance affects about 65% of adult humans, worldwide.
Growing Consumption of Nutraceuticals– Fish is regarded as a cheap source of protein that provides for a global population and serves as a source of raw material for nutraceuticals. In India alone, almost 150 million people make the choice to include the use of nutraceuticals in their daily routines.
Growing Demand for Animal Protein – Animal protein is considered the primary source of protein, therefore, the demand for animal protein is expected to drive market growth In sub-Saharan Africa, the production of animal protein has lately increased. By 2050, the demand for protein in Africa is likely to be doubled.

Challenges

Shortage of Raw Materials
The Cost of Production is High
Health Risk Associated with Fish-Derived Protein- Although eating fish has health benefits, there are some risks as well. Both the food that fish eat and the water they reside in may contain harmful pollutants. Over time, their body may develop amounts of pollutants such as PCBs and mercury. Any product made from poisonous fish should not be consumed since high quantities of PCB and mercury can affect the brain and nervous system. Moreover, toddlers and fetuses are particularly vulnerable to the effects of mercury as their body is at the prime growth stage.

Global Fish Protein Hydrolysate Market Segmentation

The global fish protein hydrolysate market is segmented and analyzed for demand and supply by application into animal feed, aquaculture, and pet food. Out of the three applications of fish protein hydrolysate, the animal feed segment is estimated to gain the largest market share in the year 2035. The growth of the segment can be attributed to 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. Moreover, In the US in 2021, there were roughly 74.77 million hogs and pigs. 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.

The global fish protein hydrolysate market is also segmented and analyzed for demand and supply by source into tilapia, tuna, anchovy, sardine, crustacean, mollusca, atlantic salman, and codfish. Amongst these nine segments, the tuna pharmacies segment is expected to garner a significant share in the year 2035. The growth of the segment is expected 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 tonnes, 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:

By Technology	Acid Hydrolysis Enzymatic Hydrolysis
By Source	Tilapia Tuna Anchovy Sardine Crustacean Mollusca Atlantic Salman Codfish
By Form	Powder Liquid Paste
By Application	Animal Feed Aquaculture Pet Food

Global Fish Protein Hydrolysate Market Regional Synopsis

The market share of fish protein hydrolysate in Europe, amongst the market in all the other regions, is projected to be the largest with a share of about ~35% by the end of 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.

The North American fish protein hydrolysate market is estimated to be the second largest, registering a notable share by the end of 2035. The growth of the market 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. Moreover, 224 million turkeys were farmed in total in 2020, a 2 percent decrease 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. Furthermore, the rising demand for dietary supplements is also expected to augment the market growth in the region.

Further, the market in the Asia Pacific, amongst the market in all the other regions, is projected to hold a significant share by the end of 2035. The growth of the market can be attributed majorly to the rising cases of lactose intolerance. In this case, the need for sufficient levels of protein and calcium intake is likely to be best substituted by fish. India has a high frequency of lactose intolerance, also known as milk intolerance, with about 60% of the population being lactose intolerant. Furthermore, lactose intolerance affects 92% of individuals in China. In addition to the low tolerance for milk, the growing demand for protein is also expected to boost the market growth in the region. By 2025, it is anticipated that China is likely to consume around 70 million metric tons of protein, up from about 57 million metric tons in 2018. China is anticipated to be responsible for approximately 31% of the increase in protein consumption worldwide over this time.

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Top Featured Companies Dominating the Global Fish Protein Hydrolysate Market

Verdane
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis

Sopropeche
Symrise Aqua Feed
Copalis Sea Solutions
Scanbio Marine Group AS
Bio-marine Ingredients Ireland Ltd.
Shenzhen Taier
Great Pacific BioProducts Ltd.
BrownsFish Genesis
Dramm Corporation

In The News

Bio-Marine Ingredients Ireland, Ltd., an Irish leading company that extracts protein, calcium, and oil from fish and use it in food ingredient and animal feed. The company has secured funding of 5 million euros and they are expected to reach USD 40 billion by 2024.
Verdane announced the collaboration with Pioneer Point Partners LLP to invest in Scanbio Marine Group AS, the leading fish waste management company. The collaboration is done with the goal of being a top provider of aquaculture waste management services for the production of high-value end products

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the global fish protein hydrolysate market?

Ans: Increasing demand for animal proteins, and rising consumption of protein supplements, and higher production from the marine industry are the major factors driving the market growth.

2) What would be the CAGR of global fish protein hydrolysate market over the forecast period?

Ans: The market size of a fish protein hydrolysate is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2035.

3) What are the challenges affecting the global fish protein hydrolysate market growth?

Ans: Health risks caused by marine foods, high production costs, and lack of raw materials are estimated to be the growth hindering factors for the market expansion.

4) Which region will provide more business opportunities for growth of global fish protein hydrolysate market in future?

Ans: The market in the Europe region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

5) Who are the major players dominating the global fish protein hydrolysate market?

Ans: The major players in the market are Sopropeche, Symrise Aqua Feed, Copalis Sea Solutions, Scanbio Marine Group AS, Bio-marine Ingredients Ireland Ltd., Shenzhen Taier, Great Pacific BioProducts Ltd., BrownsFish Genesis, Dramm Corporation, Verdane, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the fish protein hydrolysate market?

Ans: The market is segmented by technology, source, form, application, and by region.

8) Which segment captures the largest market size in the application segment in the fish protein hydrolysate market?

Ans: The animal feed segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Base Year	2022
Forecast Year	2023-2035
CAGR	~5%
Base Year Market Size (2022)	~ USD 220 Billion
Forecast Year Market Size (2035)	~ USD 400 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)