- Europe has accounted for 37% market share in 2023.
- Based on form, the powder segment held the largest share of 68% in 2023.
- Based on technology, the enzymatic hydrolysis segment dominated the market and accounted for 84% market share in 2023.
- By the application, the animal feed industries segment has generated a 60% revenue share in 2023.
- Based on source, the Atlantic salmon segment is observed to witness a significant growth rate during the forecast period.
The Fish Protein Hydrolysate (FPH) market involves the production and distribution of hydrolyzed fish proteins, which are commonly used as ingredients in various industries such as food and beverages, pharmaceuticals, nutraceuticals, animal feed, and cosmetics. FPH is known for its nutritional benefits, including high-quality protein content and essential amino acids, making it a sought-after ingredient for health-conscious consumers and industries seeking functional and bioactive ingredients.
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Growth Factors:
The Fish Protein Hydrolysate market is growing due to increasing consumer awareness about health and wellness, particularly related to protein intake and functional foods. The demand for protein-rich and easily digestible ingredients is on the rise, and FPH offers a sustainable source of high-quality protein. Additionally, the versatility of FPH in various applications, such as dietary supplements and sports nutrition, further fuels market growth.
Region Insights: The market for Fish Protein Hydrolysate varies across regions. In North America and Europe, there is a growing demand for FPH in functional foods and dietary supplements due to the increasing focus on health and wellness. In Asia-Pacific, the market is expanding rapidly, driven by the rising population, growing disposable income, and a shift toward healthier food choices. Emerging markets in Latin America and the Middle East are also experiencing growth as consumers become more aware of the benefits of FPH.
Fish Protein Hydrolysate Market Scope
| Report Coverage | Details |
| Global Market Size in 2023 | USD 317.20 Million |
| Global Market Size in 2024 | USD 328.43 Million |
| Global Market Size by 2033 | USD 449.20 Million |
| Growth Rate from 2024 to 2033 | CAGR of 3.54% |
| Largest Market | Europe |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Form, By Technology, By Source, and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Fish Protein Hydrolysate Market Dynamics
Drivers:
Key drivers for the Fish Protein Hydrolysate market include the rising demand for natural and sustainable protein sources, increasing health and fitness trends, and advancements in hydrolysis technologies that improve the quality and applications of FPH. The rising popularity of sports nutrition and dietary supplements also contributes to market growth.
Opportunities:
Opportunities in the Fish Protein Hydrolysate market include the development of innovative products with enhanced functionalities and the expansion of applications in various industries. The potential use of FPH in medical and clinical nutrition, such as in wound healing and recovery, presents significant opportunities for market growth. Additionally, collaborations with research institutions and technological advancements can lead to the discovery of new bioactive compounds in FPH.
Challenges:
Despite its growth potential, the Fish Protein Hydrolysate market faces challenges such as regulatory compliance, as different countries have varying standards and requirements for FPH products. The quality and safety of raw materials, particularly in regions with limited regulation, can also pose challenges. Furthermore, fluctuations in the availability of fish and the impact of overfishing on marine ecosystems may affect the sustainability of the market.
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Recent Developments
- In May 2022, Pioneer Points Partners and Verdane collaborated with Scan Bio Marine Group to fulfil the requirement to build one of the largest and leading aquaculture waste management providers in Europe.
- In February 2022, Ireland-based bio marine ingredients, BMI, raised USD 7.4 million based on a loan note. The Irish company supplies fish protein hydrolysate, calcium, and lipids to the human nutrition, pet food, and fertilizer sectors. It can produce a fraction of 35% to 90% protein as it is customizable according to the consumer’s demand.
Fish Protein Hydrolysate Market Companies
- Copalis Sea Solutions
- Hofseth Biocare ASA
- SOPROPECHE
- TC Union AGRO-TECH
- Diana Pet Food
- Triple Nine
- SAMPI
- 3D Corporate Solutions
- Bio-Marine Ingredients Ireland Ltd.
- Green Earth Industries LLC.
- Diana Aqua (Symrise Ag)
- Rossyew
- Nutrifish
- Scan bio Marine Group
- Omega Protein
- Janatha Fish Meal & Oil Products
- Sociedad Pesquera Landes
- Alaska Protein Recovery
Segments Covered in the Report
By Form
- Powder
- Paste
- Liquid
By Technology
- Acid Hydrolysis
- Enzymatic Hydrolysis
- Autolytic Hydrolysis
By Source
- Tuna
- Anchovy
- Tilapia
- Sardine
- Atlantic salmon
- Crustacean
- Molluscs
- Codfish
- Others
By Application
- Pharmaceuticals
- Food Industries
- Animal Feed Industries
- Agriculture
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
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