North America Fish Protein Hydrolysate Market to Grow at a CAGR of 5.0% to reach US$ 215.6 Million from 2019 to 2027

North America Fish Protein Hydrolysate Market Forecast to 2027 - COVID-19 Impact and Regional Analysis 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)

Publication Month : May 2020

  • Report Code : TIPRE00011042
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 125
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The North America fish protein hydrolysate market is accounted to US 139.9 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.

North America Fish Protein Hydrolysates Market

North America Fish Protein Hydrolysates Market

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Market Insights

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 FPH market. Considering its multiple benefits as nutritional supplement, cosmetic ingredient, etc., fish protein hydrolysate is termed as an organic nutricosmeceutical 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.    

Technology Insights

The North America 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 process proves to be the best way of hydrolyzing fish parts, especially fish skin, without losing their nutritional importance. It is especially a preferred method in the pharmaceuticals and food industries as it does not leave toxic chemical or organic solvent residues in the product solution. Stages involved in enzymatic hydrolysis start with the choice of a right enzyme, followed by the preparation of substrate, measuring the rate of enzymatic reaction, homogenization of working solution, deactivation of endogenous enzymes by warming the working solution, and termination of the enzymatic reaction, followed by the hydrolysis of fish protein. Commercial enzymes such as trypsin, alcalase, pepsin, pancreatin, papain, and thermolysin are used in the enzymatic hydrolysis.

Form Insights

The North America fish protein hydrolysate market is segmented on the basis of form into powder and liquid. The powder segment holds a larger share of the North America fish protein hydrolysate market. Demand for fish protein hydrolysate in the powdered form is greater than that for the liquid form as the former exhibits a longer shelf-life, and ease of transportation and storage.

Source Insights

The North America fish 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. It has unique pink to dark red flesh, and its meat has a rich flavor and flaky texture with high oil content. It has a high vitamin D and fatty acid content, with decent low-fat protein content.

Application Insights

The North America fish protein hydrolysate market is segmented on the basis of application into animal feed, pet food, pharmaceuticals, cosmetics, and others. The animal feed segment accounted for the largest share of the market in 2018. The emergence of transmissible diseases in livestock such as beef, cattle, and cows has led to an upsurge in the incorporation of supplementary additives in feed for increasing feed assimilation, followed by enhancing immune response and improving valuable microflora; this drives the North America fish protein market for the animal feed additives segment. The demand for animal feed for uplifting growth performance and improving protein content boosts the growth of the market for this segment.

U.S. Fish Protein Hydrolysate Market, by Technology

U.S. Fish Protein Hydrolysate Market, by Technology

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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NORTH AMERICAFISH PROTEIN HYDROLYSATE MARKET SEGMENTATION

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

Company Profiles

  • Copalis Sea Solutions
  • Diana Group
  • Hofseth BioCare ASA
  • Janatha Fish Meal & Oil Products
  • SOPROPÊCHE
  • CR Brown Enterprises
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

Technology, Form, Source, Application

Regional Scope
Regional Scope

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

Country Scope
Country Scope

US, Canada

The List of Companies - North America Fish Protein Hydrolysate Market

  1. Copalis Sea Solutions
  2. Diana Group
  3. HofsethBioCare ASA
  4. Janatha Fish Meal & Oil Products
  5. SOPROPÊCHE
  6. CR Brown Enterprises

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:

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  • Validates and strengthens in-house secondary research findings
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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:

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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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