Fish Protein Hydrolysate Market Size, Analysis & Forecast 2030

Fish Protein Hydrolysate Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Form (Dry and Liquid), Application (Animal Nutrition [Poultry, Ruminants, Swine, Aquaculture, Pets, and Others], Pharmaceuticals & Nutraceuticals, Food & Beverages, Personal Care, and Agriculture), and Geography

  • Report Code : TIPRE00007995
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 147
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The fish protein hydrolysate market size is expected to grow from US$ 498.07 million in 2022 to US$ 748.66 million by 2030; it is estimated to register a CAGR of 5.2% from 2022 to 2030.

Market Insights and Analyst View:

Fish protein hydrolysate is a product made from fish or fish material by the method of protein hydrolyzation. Thus, fish protein hydrolysate is a mixture of broken proteins. Fish protein hydrolysates are reported to have a number of improved properties compared to the protein of origin, namely improved functional properties and bioactive properties such as anti-oxidative or anti-hypertensive activities. Recently, fish protein hydrolysate is also started to be used as cryoprotectants for frozen fish products. These are the factors expected to drive the fish protein hydrolysate market growth during the forecast period.

Growth Drivers and Challenges:

There is a rapid growth in the production of fisheries and aquaculture industry driven by the development of fishing technologies. With rising production of fisheries across the globe, fish waste is produced in a substantial amount. According to The National Institute of Biotechnology Information (NCBI), about two-thirds of the total fish production is discarded as waste.  Fish waste can be converted into value-added products such as FPH by adding various proteolytic enzymes. The skin, heads, bones, viscera, and liver of fish waste is a good source of amino acids, antioxidants, proteins, and peptides. The waste has also been found to possess desirable bioactive and functional peptides. Thus, companies are highly emphasizing on using fish waste as protein for various industries including food & beverages, animal feed, and nutraceuticals. Thus, increasing fish waste by aquaculture and fisheries further drives the fish protein hydrolysate market growth.

Moreover, FPH is a good source of protein and nutrients such as phosphorus, calcium, and other minerals. It helps prevent the spread of infectious diseases and boosts animal immunity against fungi, bacteria, viruses, and parasites. Regular consumption of FPH by broiler chickens helps in their muscle development. FPHs can enhance animals' metabolic systems, which protects them from the risk of diseases and infections. Thus, the nutritional benefits of fish protein hydrolysate relating to animal health drive its demand among animal feed industries.

However, a lack of a well-organized collection, storage, and transportation model creates further hurdles, whereby fish by-products may get wasted. Also, unforeseeable roadblocks prevent the smooth movement of fresh food supply chains, resulting in the wastage and restraining market demand.

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Fish Protein Hydrolysate Market: Strategic Insights

Fish Protein Hydrolysate Market

  • CAGR (2022 - 2030)
    5.2%
  • Market Size 2022
    US$ 498.07 Million
  • Market Size 2030
    US$ 748.66 Million

Market Dynamics

GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players

  • Symrise
  • Bio-marine Ingredients Ireland
  • Copalis
  • SAMPI
  • Kemin Industries, Inc
  • Janatha Fish Meal and Oil Products
  • E.F.S.-Holland
  • WHITE SWAN PHARMACEUTICA
  • New Alliance Dye Chem Pvt. Ltd

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Form
  • Dry and Liquid
Application
  • Animal Nutrition
Pharmaceuticals & Nutraceuticals, Food & Beverages, Personal Care, and Agriculture)
    Geography
    • North America
    • Europe
    • Asia Pacific
    • Middle East and Africa
    • South and Central America
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Report Segmentation and Scope:

    The global fish protein hydrolysate market is segmented on the basis of form, application, and geography. Based on form, the market is bifurcated into dry and liquid. Based on application, the market is segmented into animal nutrition, food & beverages, pharmaceuticals & nutraceuticals, personal care, and agriculture. Further, the animal nutrition segment is subdivided into poultry, ruminants, swine, aquaculture, pets, and others. The fish protein hydrolysate market, based on geography, is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

    Segmental Analysis:

    Based on form, the fish protein hydrolysate market is segmented into dry and liquid. The dry segment holds a larger share in the market. The 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. These factors drive the market growth for the powder segment.

    Regional Analysis:

    Geographically, the fish protein hydrolysate market is segmented into five key regions—North America (NA), Europe (EU), Asia Pacific (APAC), South & Central America, and the Middle East & Africa. Asia Pacific dominated the global fish protein hydrolysate market; the market in this region was valued at US$ 170 million in 2022. The market in Europe is expected to register a CAGR of 4.8% during the forecast period. Developed and developing countries in Asia Pacific witness growth in urbanization, coupled with the rising middle-class population, offering several opportunities for the market players. Factors such as increased demand for protein supplements coupled with increased use of the personal and sports fitness product drive its demand in APAC.

    North America accounts for the second-largest share of the fish protein hydrolysate market, accounting for nearly ~30% market share. The US and Canadian consumers are moving toward a healthy lifestyle, and they prefer products that provide health benefits. The increasing health concerns among consumers thus drives the growth of the North American market for fish protein products. Health benefits from both 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. Due to this factor, the demand for fish protein hydrolysate is rising in North America.

    Industry Developments and Future Opportunities:

    Initiatives taken by key players operating in the fish protein hydrolysate market are listed below:

    1. In May 2021, Biomega Group, which is a leading bioscience company producing marine ingredients, announced the expansion of its biorefining footprint by investing in a new greenfield site in Hirtshals, Denmark. The purpose of investment was to expand the production capacity of the company.

    COVID-19 Pandemic Impact:

    The COVID-19 pandemic adversely affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa hampered the growth of several industries including food & beverages, pharmaceuticals & nutraceuticals, personal care, animal nutrition, etc. The shutdown of manufacturing units disturbed global supply chains, production activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in their product sales in 2020, which hampered the fish protein hydrolysate market. The shortage of workforce and limited supply of raw materials also led to a halt in operations and processes across the globe during the COVID-19 pandemic. These factors negatively impacted the market growth in the pandemic.

    Various trade barriers imposed by governing bodies to prevent the spread of COVID-19 hampered the imports of raw materials. China, Vietnam, India, Bangladesh, and Egypt are among the major countries producing raw material, which leads to dependency on these countries in other parts of the world. Bans on international imports and exports in many countries interrupted the supply of raw materials during the COVID-19 pandemic.

    However, in 2021, various economies resumed operations as several governments revoked the previously imposed restrictions, which positively impacted the global marketplace. Moreover, manufacturers were permitted to operate at full capacities, which helped them overcome the demand and supply gaps.

    Fish Protein Hydrolysate Market Report Scope

    Report Attribute Details
    Market size in 2022 US$ 498.07 Million
    Market Size by 2030 US$ 748.66 Million
    Global CAGR (2022 - 2030) 5.2%
    Historical Data 2020-2021
    Forecast period 2023-2030
    Segments Covered By Form
    • Dry and Liquid
    By Application
    • Animal Nutrition
    By Pharmaceuticals & Nutraceuticals, Food & Beverages, Personal Care, and Agriculture)
      Regions and Countries Covered North America
      • US
      • Canada
      • Mexico
      Europe
      • UK
      • Germany
      • France
      • Russia
      • Italy
      • Rest of Europe
      Asia-Pacific
      • China
      • India
      • Japan
      • Australia
      • Rest of Asia-Pacific
      South and Central America
      • Brazil
      • Argentina
      • Rest of South and Central America
      Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of Middle East and Africa
      Market leaders and key company profiles
    • Symrise
    • Bio-marine Ingredients Ireland
    • Copalis
    • SAMPI
    • Kemin Industries, Inc
    • Janatha Fish Meal and Oil Products
    • E.F.S.-Holland
    • WHITE SWAN PHARMACEUTICA
    • New Alliance Dye Chem Pvt. Ltd
      • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

      Competitive Landscape and Key Companies:

      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 are among the prominent players operating in the global fish protein hydrolysate market. These market players adopt strategic development initiatives to expand their businesses, further driving the fish protein hydrolysate market growth. 

      Report Coverage
      Report Coverage

      Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

      Segment Covered
      Segment Covered

      Form, Application, and Geography

      Regional Scope
      Regional Scope

      North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

      Country Scope
      Country Scope

      This text is related
      to country scope.

      Frequently Asked Questions


      What are the opportunities for fish protein hydrolysate in the global market?

      The fishery industry is growing due to improved aquaculture production, changing cultural preferences, and surging demand for fish and seafood. The increasing number of fisheries generates a large volume of waste almost every year, estimated at nearly 60% of the biomass. The waste is processed and used to manufacture fish protein hydrolysate. In aquaculture, FPH demand is gaining massive momentum as it enhances the metabolic system of species that protect them from the risk of diseases and infections. Hence, aquafeed producers are increasingly adopting effective feeding practices and incorporating health-promoting compounds such as proteins, hydrolysates, and bioactive peptides, including fish protein hydrolysate. Due to these factors, the growing aquaculture industry is expected to create lucrative opportunities for the FPH market in the coming years.

      What are the key drivers for the growth of the global fish protein hydrolysate market?

      The World Organization for Animal Health states that more than 50 wildlife diseases can seriously impact livestock and public health. In this case, implementation of appropriate nutritional strategies that boost immunity, develop animal health, promote intestinal integrity and functionality is critical to enhance animal stress tolerance and treat various diseases. Thus, fish protein hydrolysates for animal feed applications are used to fulfill the nutritional demands of livestock. FPH is a good source of protein and nutrients such as phosphorus, calcium, and other minerals. It helps prevent the spread of infectious diseases and boosts animal immunity against fungi, bacteria, viruses, and parasites. Regular consumption of FPH by broiler chickens helps in their muscle development. Enzymes present in fish protein hydrolysate aid in the gut morphology of broilers by facilitating the digestion of fibrous food, including grains and soybean meal.

      Based on the application, which segment is projected to grow at the fastest CAGR over the forecast period?

      Based on the application, animal nutrition segment is hold a significant share in the market. Fish protein hydrolysate is used largely in animal nutrition owing to various benefits offered. It helps to prevent allergic reactions and ensures desirable growth performance rate of animals and feed efficiency. Hence, it has demand in the poultry industry. These benefits associated with incorporating fish protein hydrolysate in poultry feed surged its market growth.

      Can you list some of the major players operating in the global fish protein hydrolysate market?

      The major players operating in the global fish protein hydrolysate market are Symrise; Bio-marine Ingredients Ireland; Copalis; SAMPI; Kemin Industries, Inc; Janatha Fish Meal & Oil Products; E.F.S.-Holland; WHITE SWAN PHARMACEUTICA; New Alliance Dye Chem Pvt. Ltd; and Nizona Marine Products.

      Based on the form, why is the dry segment have the largest revenue share?

      Based on form, dry segment mainly has the largest revenue share. The growth of the segment has surged due to its excellent physiochemical stability, extended shelf-life, and ease of transportation features. The bioavailability of fish protein hydrolysate in dry form is rapid and less prone to microbial attack. Such benefits of fish protein hydrolysate have surged its use in various industries like animal nutrition, food and beverages, and others.

      What is the largest region of the global fish protein hydrolysate market?

      Asia Pacific accounted for the largest share of the global fish protein hydrolysate market. Asian countries were the primary producers, accounting for 70% of the total fisheries and aquaculture production of aquatic animals. China, Indonesia, India, Vietnam, and the Philippines are the top Asian countries that lead the production capacity of aquaculture in the world and comprise more than half of the total production. More than 90% of the global aquaculture harvest is in Asia. The proliferating aquaculture production increases the intake of aquafeed across the region. Hence, aquafeed producers are increasingly seeking nutritional ingredients to formulize protein-rich feed.

      The List of Companies - Fish Protein Hydrolysate Market

      1. Symrise
      2. Bio-marine Ingredients Ireland 
      3. Copalis
      4. SAMPI
      5. Kemin Industries, Inc
      6. Janatha Fish Meal and Oil Products
      7. E.F.S.-Holland
      8. WHITE SWAN PHARMACEUTICA
      9. New Alliance Dye Chem Pvt. Ltd
      10. Nizona Marine Products

      The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

      1. Data Collection and Secondary Research:

      As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

      Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

      1. Primary Research:

      The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

      For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

      A typical research interview fulfils the following functions:

      • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
      • Validates and strengthens in-house secondary research findings
      • Develops the analysis team’s expertise and market understanding

      Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

      • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
      • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

      Below is the breakup of our primary respondents by company, designation, and region:

      Research Methodology

      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.

      1. 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.

      • 3.2 Country Level Data:

      Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

      • 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.

      • 3.4 Developing Base Number:

      Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

      1. Data Triangulation and Final Review:

      The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

      We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

      We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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