The Asia Pacific fish protein hydrolysate market is accounted to US$ 86.2 Mn in 2018 and is expected to grow at a CAGR of 5.9% during the forecast period 2019 – 2027, to account to US$ 143.6 Mn by 2027during the forecast period.
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. Moreover, the dried fish protein hydrolysate manufacturing involves a complex process of removal of moisture content and results in substantial energy requirements.The growing awareness about the benefits of fish protein is anticipated to influence the fish protein hydrolysate market at greater extent. Countries such as the China, India, and Australia are playing a key role in the production of fish protein hydrolysate, and they account for a maximum share of the total manufacturing. Increasing disposable income of the consumers is also expected to prevail the market growth over the forecast period as consumers are seeking for more appropriate protein enriched products, thereby shifting manufacturers portfolio and ingredient choices.
China contributed to the largest share in the Asia Pacificfish protein hydrolysatemarket. The fish protein hydrolysateis used extensively in industries such as the automotive and transportation, aerospace, home appliances, and electrical and electronic. Rapid growth in the automotive industry, coupled with the strong presence of automotive manufacturers, is projected to propel the growth of the FISH PROTEIN HYDROLYSATE market in China. Rapid urbanization and infrastructure development in the country further boost the growth of the market in China.
Asia Pacific Fish Protein Hydrolysate Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Adoption of sustainable materials
Sustainability has become in the advanced manufacturing set-up industry. The increased focus on environment,as well as the introduction of improved and sustainable form of materials, is further expected to boost the demand for sustainable materials. The demand for sustainable form of polymer-based composites is increasing across automotive and transportation, electrical, and building and construction industries. This has a positive impact on the demand for SMC and BMC compounds. SMC and BMC based products are known to have a comparatively lower environmental impact than the conventional materials such as metals, thermoplastic polymers and concrete. They pose minimal impact in manufacture of the base material, less weight in service, better lifetime and the ability to recycle SMC and BMC parts. Therefore, the total life cycle impact is quite lower than the other materials. Further, the presence of styrene, as a significant component in SMC and BMC, is also considered safe for the environment and has no effect on the human body. Other than this, SMC/BMC have comparatively low rate of emissions and no hazardous by-products are generated from the production processes. The rising in adoption of sustainable materials across several application bases due to inclination towards green future is anticipated to increase the demand of SMC and BMC in various industries.
Technology Market Insights
The Asia Pacific fish protein hydrolysate market is segmented on the basis of technology into acid hydrolysis, autolytic hydrolysis, and enzymatic hydrolysis. The enzymatic hydrolysis segment holds the largest share of the market. The enzymatic hydrolysis is the most suitable process of hydrolyzing fish byproducts, especially fish skin, without losing its nutritional importance. It is especially a preferred method in the pharmaceuticals and food industries as it does not leave residual toxic chemicals or organic solvents in the solution including products. Stages involved in enzymatic hydrolysis start with the choice of a right enzyme, followed by preparation of substrate, measuring the rate of enzymatic reaction, homogenization of working solution and warming it to deactivate endogenous enzymes, termination of the enzymatic reaction, and hydrolysis of fish protein. The enzymes that are commercially available for the enzymatic hydrolysis are trypsin, alcalase, pepsin, pancreatin, papain, and thermolysin.
Asia Pacific Fish Protein Hydrolysate Market, by Technology– 2018 and 2027
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Form Market Insights
The Asia Pacific fish protein hydrolysate market is segmented on the basis of form into powder and liquid. The powder segment holds a larger share of the Asia Pacificfish protein hydrolysate market. Demand for fish protein hydrolysate in powder form is higher than liquid form owing to a longer shelf-life, and ease of transportation and storage.
Source Market Insights
The Asia Pacificfish protein hydrolysate market is segmented on the basis of source into tuna, sardine, Atlantic salmon, crustacean, and others.Tuna is a saltwater fish that belongs to the Mackerel family. They have unique pink to dark red flesh, and their meat has a rich flavor and flaky texture with high oil content. They have a high vitamin D and fatty acid content, with decent low-fat protein content.
Application Market Insights
The Asia Pacific fish protein hydrolysate market is segmented on the basis of application into animal feed, pet food, pharmaceuticals, cosmetics, and others. The animal feed segment held the largest share of the market in 2018. The emergence of transferrable diseases in livestock such as beef, cattle, and cows has led to an upsurge in the incorporation of supplementary additives in feed for enhancing immune response and feed utilization, and improving valuable microflora, thereby developing pathogen resistance.With this, the demand for animal feed for increasing animal growth performance and improving protein content to boost the market growth in this segment.
Report Spotlights
- Progressive industry trends in the Asia Pacific fish protein hydrolysate market that help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the Asia Pacificfish protein hydrolysate market from 2017 to 2027
- Estimation of Asia Pacificfish protein hydrolysate demand across various industries
- Recent developments to understand the market competition and Asia Pacificdemand
- Market trends and outlook, coupled with factors driving and restraining the growth of the Asia Pacificfish protein hydrolysate market
- Insights to help decision-making process by providing understanding of strategies that underpin commercial interest with regard to the APAC fish protein hydrolysate market growth
- Asia Pacificfish protein hydrolysate market size at various nodes of market
- Detailed overview and segmentation of the Asia Pacificfish protein hydrolysate market, as well as its dynamics in the industry
Asia Pacific Fish Protein Hydrolysate Market – By Technology
- Acid Hydrolysis
- Autolytic Hydrolysis
- Enzymatic Hydrolysis
Asia Pacific Fish Protein Hydrolysate Market – By Form
- Powder
- Liquid
Asia Pacific Fish Protein Hydrolysate Market – By Source
- Tuna
- Sardine
- Atlantic Salmon
- Crustacean
- Others
Asia Pacific Fish Protein Hydrolysate Market – By Application
- Animal Feed
- Pet Food
- Pharmaceuticals
- Cosmetics
- Others
Company Profiles
- Copalis Sea Solutions
- Diana Group
- Hofseth BioCare ASA
- Janatha Fish Meal & Oil Products
- Marutham Bio Ages Innovations (P) Ltd
- SOPROPÊCHE
- SAMPI
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, Form, Source, Application, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
The List of Companies - Asia Pacific Fish Protein Hydrolysate Market
- Copalis Sea Solutions
- Diana Group
- HofsethBioCare ASA
- Janatha Fish Meal & Oil Products
- SOPROPÊCHE
- Marutham Bio Ages Innovations (P) Ltd
- SAMPI
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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- Data Triangulation and Final Review:
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