North America Fish Protein Hydrolysate Market is expected to reach US$ 215.6 Mn by 2027

Rising demand for fish protein hydrolysate in nutria cosmeceuticals to escalate North America fish protein hydrolysate market at a CAGR of 5.0%

According to our latest market study on "North America Fish Protein Hydrolysate Market to 2027 –Analysis and Forecasts by Technology (Acid Hydrolysis, Autolytic Hydrolysis, and Enzymatic Hydrolysis); Form (Powder and Liquid), Source (Tuna, Sardine, Atlantic Salmon, Crustacean, and Others), Application (Animal Feed, Pet Food, Pharmaceuticals, Cosmetics, and Others), and Country," the North America fish protein hydrolysate market is accounted to US139.9 Mn in 2018 and is expected to grow at a CAGR of 5.0%during the forecast period 2019 – 2027, to account to US$ 215.6 Mn by 2027. Fish protein hydrolysate is a bioactive compound that is a blend of degraded proteins extracted by the hydrolysis of protein extracted from fish material or fish. It is generally produced through enzymatic hydrolysis technique that involves decomposing the minced fish together with enzymes, and the hydrolysis process gives out smaller peptides and amino acids as major products. The enzymatic hydrolysis requires the use of expensive enzymes, such as chymotrypsin, pepsin, alcalase, and trypsin, which increases the cost of production. The dried fish protein hydrolysate manufacturing involves a complex process of removal of moisture content and results in substantial energy requirements, which boosts the cost further. The report includes key understanding on the factors driving the market growth and also highlights the prominent players in the market and their developments.

There is a rising interest in fish protein hydrolysate from end-user industries, especially to aid skin health through micronutrients. Growing consumer preference toward the consumption of nutritious and chemical-free food products is anticipated to boost the market growth in the coming years. Along with extensive use in food industries, the fish protein hydrolysate are also used in the production of several animal feeds. The fish protein hydrolysate is also used as a binding agent in pet food products. As fish protein hydrolysate is a rich source of micronutrients; it is known for exhibiting anti-aging properties for skin, controlling blood pressure levels, and enhancing the growth of bone in animals. Fish protein hydrolysate finds its applications in the organic cosmetics and pharmaceuticals industries, which provide wider growth opportunities for the manufacturers operating in the fish protein hydrolysate market. Considering its multiple benefits as nutritional supplement, cosmetic ingredient, etc., fish protein hydrolysate is termed as an organic nutria cosmeceutical substance. Owing to the wide application of fish hydrolysate, there is consistent growth in the supply chain over the years, and this is expected to continue during the forecast period.

The North America fish protein hydrolysate market is concentrated with some very well-established players. A few of the key players in the market are Copalis Sea Solutions, Diana Group, Hofseth BioCare ASA, Janatha Fish Meal & Oil Products, SOPROPÊCHE, and CR Brown Enterprises.

North America Fish Protein Hydrolysate Market Breakdown - By Country, 2018

The report segments the North America Fish Protein Hydrolysate market as follows:

North America Fish Protein Hydrolysate Market – By Technology

• Acid Hydrolysis
• Autolytic Hydrolysis
• Enzymatic Hydrolysis

North America Fish Protein Hydrolysate Market – By Form

• Powder
• Liquid

North America Fish Protein Hydrolysate Market – By Source

• Tuna
• Sardine
• Atlantic Salmon
• Crustacean
• Others

North America Fish Protein Hydrolysate Market – By Application

• Animal Feed
• Pet Food
• Pharmaceuticals
• Cosmetics
• Others

North America Fish protein hydrolysate Market – By Country

• US
• Canada
• Mexico