Fish Protein Hydrolysate Market Size & Share, by Source (Tilapia, Tuna, Anchovy, Sardine, Crustacean, Mollusca, Atlantic Salmon, Codfish); Application (Animal Feed, Aquaculture, Pet Food) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4765
  • Published Date: Aug 04, 2023
  • Report Format: PDF, PPT

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

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.


Fish Protein Hydrolysate Market
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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 totalled 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.  

Challenges

  • 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 foetuses are particularly vulnerable to the effects of mercury as their body is at the prime growth stage.
  • Shortage of Raw Materials
  • The Cost of Production is High

Fish Protein Hydrolysate: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~5%

Base Year Market Size (2022)

~ USD 220 million

Forecast Year Market Size (2035)

~ USD 400 million

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 Middle East and Africa)
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Fish Protein Hydrolysate Segmentation

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:

           Application

  • Animal Feed
  • Aquaculture
  • Pet Food

 

   

           Source

  • Tilapia
  • Tuna
  • Anchovy
  • Sardine
  • Crustacean
  • Mollusca
  • Atlantic Salmon
  • Codfish

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Fish Protein Hydrolysate Industry - Regional Synopsis

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.

Research Nester
Fish Protein Hydrolysate Market Size
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Companies Dominating the Fish Protein Hydrolysate Market

top-features-companies
    • 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

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.

Author Credits:  Anil Kumar, Ipsheeta Dash


  • Report ID: 4765
  • Published Date: Aug 04, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for animal proteins is the major factor driving the market growth.

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

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.

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

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.
Fish Protein Hydrolysate Market Report Scope
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