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: Parul Atri
Report ID: 4765
Published Date: Jun 28, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
In the year 2024, the industry size of fish protein hydrolysate is estimated at USD 243.32 Million.
The fish protein hydrolysate market size was valued at USD 231.66 Million in 2023 and is likely to reach USD 453.34 Million by 2036, registering around 5.3% CAGR during the forecast period i.e., between 2024-2036. Increasing demand for animal proteins is the major factor driving the market growth.
Europe industry is predicted to be the largest with a share of about 35% by 2036, impelled by growing adoption of pets in the region.
Verdane, 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