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 â€“ 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.