Fish Protein Hydrolysate Market | 2027 Industry Research Report

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Fish Protein Hydrolysate Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Technology (Acid Hydrolysis, Autolytic Hydrolysis, and Enzymatic Hydrolysis); Form (Powder and Liquid); Source (Tuna, Sardine, Atlantic Salmon, Crustacean, and Others) and Application (Animal Feed, Pet Food, Pharmaceuticals, Cosmetics, and Others), and Geography

Publication Month: Jan 2021 | Report Code: TIPRE00007995 | No. of Pages: 135 | Category: Food and Beverages | Status: Published

The fish protein hydrolysate market was valued at US$ 407.41 million in 2019 and is projected to reach US$ 588.86 million by 2027; it is expected to grow at a CAGR of 4.8% during the forecast period.

There is a rising demand for fish protein hydrolysate (FPH) from end-use industries, especially to aid skin health through micronutrients. Growing consumer preference toward consumption of nutrient and chemical free food products is anticipated to boost the market growth. Owing to the presence of significant amount of minerals and vitamin A and D, the fish protein hydrolysate is used as an ingredient in various food products. As fish protein hydrolysate has translucent property, it is used as a gelatin in flavored and non-flavored foodstuff. Along with extensive use in food industries, the FPH 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 offers various health benefits, such as anti-aging properties for skin, controls blood pressure level, and enhances the growth of bone in animals. Fish protein hydrolysate finds its application in the organic cosmetics and pharmaceuticals industries, which is expected to carry wider opportunities for the manufacturers operating in the FPH market. Considering multi beneficiary factors of fish protein hydrolysate (nutritional supplement, cosmetic ingredient, and intensified used in pharmaceuticals), it is used as an organic nutri cosmeceuticals. Owing to the wide application of fish hydrolysate, there is consistent growth in the supply chain over the years and is expected to continue during the forecast period.

North America is expected to hold the largest share of the global fish protein hydrolysate market during the forecast period. North America comprises developed and developing countries such as the US, Canada, and Mexico. The Americans and Canadians are moving toward a healthy lifestyle, and they prefer products that provide health benefits. The increasing health concern among consumers is driving the growth of the North American market for fish protein products. Animal and plant food sources help boost energy levels, strengthen muscle and bone structure, and increase focus and concentration, among a variety of other health benefits. Thus, this region is inclined toward the aqua nutrition. In the US, there is a surge in the demand for fish protein driven diets and a desire to consume foods that do more for the body than just taste good, for which more people are adding extra protein to their plates. Fish protein hydrolysate is made of essential amino acid, which, in turn serves as a functional food or dietary supplements and also helps as an antioxidant making the fish protein product as one of the highly consumable product. Apart from the helath benefits, the fish hydrolysate finds its application in organic cosmetics, which are expected to offer investors wider opportunities in this region.

COVID-19 outbreak started in Wuhan, China, in December 2019 and has spread across the world. The US, India, Brazil, Russia, the UK, France, Turkey, Italy, Spain, and Germany are among the most-affected nations in terms of confirmed cases and reported deaths, as of January 2021. According to the WHO, there are ~93,956,883 affirmed cases and 2,029,084 death cases worldwide. COVID-19 has affected economies and undertakings due to lockdowns, travel bans, and business shutdowns. The global food & beverages industry is one of the major industry facing supply chain breaks, manufacturing disruptions and office shutdowns due to lockdown. China is the global hub for manufacturing and the largest raw material supplier for various industries. The lockdown of various plants and factories in the leading regions of Asia Pacific and Europe, is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods. All these factors have greatly affected the global fish protein hydrolysate market growth.

Global Fish Protein Hydrolysate Market

Global Fish Protein Hydrolysate Market

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Market Insights

Growing consumer preference towards healthy diet to boost market growth

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 US and China are playing 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. Consumer’s inclination toward healthy lifestyle and rising awareness about the health benefits of fish protein is encouraging manufacturers to focus on FPH products. Moreover, demand for fish protein hydrolysate is increasing in manufacturing nutritional supplement for malnourished children, which is further projected to propel the market growth. Demand for fish protein hydrolysate among health enthusiasts has increased significantly in the recent years. Also, the increasing allergies and side effects associated with wheat protein has deviated consumers toward fish protein hydrolysate. There are significant opportunities for fish protein hydrolysate manufacturers in the market to introduce innovative products for the health and wellness segment. Manufacturers are seeking opportunities owing to the growing demand for ergogenic and exercise recovery aids, and looking for a good nutritional food additive with bioactive ingredients, which can deliver high glutamine content. Offering fish protein hydrolysate in sports beverages, nutritional supplements, and protein drink powder mixes is likely to create lucrative opportunities for the manufacturers operating in the fish protein hydrolysate market.

Technology Insights

Based on technology, the fish protein hydrolysate market is segmented into acid hydrolysis, autolytic hydrolysis, and enzymatic hydrolysis. In 2019, the enzymatic hydrolysis segment dominated the market. The enzymatic hydrolysis process is the best way to hydrolyze fish byproducts, such as fish skin, without losing its nutritional importance. It is especially a preferred method in the pharmaceutical and food industries as it does not leave residual toxic chemicals or organic solvents in the solution. 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 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. The process of enzymatic hydrolysis with the manufacturer varies mainly on the basis of pH level, temperature, enzyme concentration, and time. However, several definite limitations to the enzymatic hydrolysis process include low yield as well as high costs of industrial enzymes and need for special treatment to neutralize the solutions obtained during enzymatic hydrolysis.

Global Fish Protein Hydrolysate Market, by Technology – 2019 and 2027

Global Fish Protein Hydrolysate Market, by Technology – 2019 and 2027

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Form Insights

Based on form, the fish protein hydrolysate market is segmented into powder and liquid. In 2019, the powder segment dominated the market. Low production cost during FPH production associated with operation, energy consumption, and labor is also assisting market growth. Cost of raw materials is also less, as it is a byproduct of fish, which fuels the growth of the powdered fish protein hydrolysate. Demand for fish protein hydrolysate in power form is higher than liquid form owing to a longer shelf-life, and ease of transportation and storage. Fortification of fish protein hydrolysates is also carried out for human consumption. The shift in pet ownership to parenting is anticipated to increase the demand for pet food products, thereby boosting the fish protein hydrolysate powder market during the forecast period.

Source Insights

Based on source, the fish protein hydrolysate market is segmented into tuna, sardine, Atlantic salmon, crustacean and others. In 2019, the tuna segment dominated the market.

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.

The market price of bluefin tuna largely depends on the quality of its meat; thus, processing, slaughter, storage, and shipping need to be of the highest standards. Global production of tuna fish is increasing at a faster pace, especially for skipjack tuna. Population in Europe, the US, and developing countries prefer eating canned tuna as it is a source of practically priced protein that does not require a cold store to keep. The growing demand for raw tuna is increasing the production its byproducts, which is anticipated to boost the growth of the market for tuna protein hydrolysate in the coming years.

Application Insights

Based on application, the fish protein hydrolysate market is segmented into animal feed, pet food, pharmaceuticals, cosmetics and others. In 2019, the animal feed segment dominated the market. 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. Government initiatives primarily in China to regulate meat products and protect human health from infectious animal-derived food, may favor market growth. Rising demand for animal-based food products to enhance protein content in diets may further fuel animal feed additives demand. It helps in improving feed efficiency, which improves milk, meat, and egg yield along with quality for human consumption, thereby contributing toward industry growth. Strict regulatory amendments regarding antibiotics ban as feed additives due to their ill effects on animals as well as humans has promoted use of natural growth promoters including vitamins, amino acids, probiotics, pigments, antioxidants, enzymes and flavors, which may stimulate industry growth. It also provides extra benefits like reduction in feed cost, minimal veterinary cost due to diseases and growth performance in young animal with no residues in animal based products.

Strategic Insights

Report Coverage - Fish Protein Hydrolysate Market
Report CoverageDetails
Market Size Value inUS$ 407.41 Million in 2019
Market Size Value byUS$ 588.86 Million by 2027
Growth rateCAGR of 4.8% from 2020-2027
Forecast Period2020-2027
Base Year2020
No. of Pages135
No. of Tables115
No. of Charts & Figures94
Historical data availableYes
Segments coveredTechnology ; Form ; Source and Application , and Geography
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Key players present in the global fish protein hydrolysate market include Bio-marine Ingredients, Copalis Sea Solutions, CR Brown Enterprises, Diana Group, Hofseth BioCare ASA, Janatha Fish Meal & Oil Products, Marutham Bio Ages Innovations (P) Ltd, SAMPI, Scanbio Marine Group AS, and Sopropêche. These companies are implementing new product developments and mergers and acquisitions to enlarge the customer base and gain significant market share across the world, which, in turn, permit the players to maintain their brand name globally.

Report Spotlights

  • Progressive industry trends in the global fish protein hydrolysate market that help players develop effective long-term strategies
  • Business growth strategies adopted by players with the focus on both developed and developing markets  
  • Quantitative analysis of the global fish protein hydrolysate market from 2017 to 2027
  • Estimation of fish protein hydrolysate demand across various industries
  • Recent developments to understand the competitive market scenario and global fish protein hydrolysate demand
  • Market trends and outlook, coupled with factors driving or restraining the growth of the global fish protein hydrolysate market
  • Insights to help decision-making process by providing understanding of strategies that underpin commercial interest with regard to the global fish protein hydrolysate market growth
  • Global fish protein hydrolysate market size at various nodes of market  
  • Detailed overview and segmentation of the global fish protein hydrolysate, as well as its industry dynamics

Fish Protein Hydrolysate Market, byTechnology

  • Acid Hydrolysis
  • Autolytic Hydrolysis
  • Enzymatic Hydrolysis

Fish Protein Hydrolysate Market, by Form

  • Powder
  • Liquid

Fish Protein Hydrolysate Market, by Source

  • Tuna
  • Sardine
  • Atlantic Salmon
  • Crustacean
  • Others

Fish Protein Hydrolysate Market, by Application

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

Company Profiles

  • Bio-marine Ingredients Limited
  • Copalis Sea Solutions
  • CR Brown Enterprises
  • Diana Group
  • Hofseth BioCare ASA
  • Janatha Fish Meal & Oil Products
  • Marutham Bio Ages Innovations (P) Ltd.
  • Scanbio Marine Group AS
  • Sopropêche

Frequently Asked Questions

The major players operating in the global fish protein hydrolysate market, includes Bio-marine Ingredients, Ireland Limited, Copalis Sea Solutions, CR Brown Enterprises, Diana Group, Hofseth BioCare ASA, Janatha Fish Meal & Oil Products, Marutham Bio Ages Innovations (P) Ltd, SAMPI, Scanbio Marine Group AS, and Sopropêche among others.
The fish protein hydrolysate was dominated by North America at a global level. The largest market share of the North American region is primarily attributed to changes in lifestyle patterns of consumers and preference toward healthy and natural food and cosmetic products. Additionally, increase in the demand of fish protein hydrolysate from feed processing industries is further expected to stimulate the growth of the market. Fish protein hydrolysates are widely used in preparation of animal feed, pharmaceutical and cosmetic products. Further, presence of strong manufacturing base for fish protein hydrolysates along with increased focus over research and development activities is further expected to expand the growth of the market in the region.
Enzymatic hydrolysis is defined as the process of adding up the proteolytic enzymes to fish so as to increase the pace of the hydrolysis process and obtain a blend of protein components. The presence of enzymes in the process seems to be more controllable and, thus, improves helps the functional aspects of proteins. With the rise in demand for fish protein hydrolysate, the process of enzymatic hydrolysis is increasingly adopted by several end-use industries such as pharmaceutical, animal nutrition, cosmetic and other. The market for enzymatic hydrolysis process represents growth prospects, and opportunities as the method produces a high level of noncomplex peptides, which can easily break down in the intestine. Further, the process helps to retain back high nutrient content in the end product and, thus, has contributed nutritional value.

The List of Companies - Fish Protein Hydrolysate Market

  1. Bio-marine Ingredients Ireland Limited  
  2. Copalis Sea Solutions
  3. CR Brown Enterprises
  4. Diana Group
  5. Hofseth BioCare ASA
  6. Janatha Fish Meal & Oil Products
  7. Marutham Bio Ages Innovations (P) Ltd
  8. SAMPI
  9. Scanbio Marine Group AS
  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the global fish protein hydrolysate market, thereby allowing players to develop effective long term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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