Home > Food, Nutrition & Animal Feed > Fish Protein Hydrolysate Market
Fish Protein Hydrolysate Market Size for Animal Feed & Pet Food Application crossed USD 223 million in 2022 and is poised to witness a 5.5% CAGR from 2023 to 2032.
Efforts to use fish waste products for the making of fish protein hydrolysate (FPH) will stimulate the market growth. Dumping of fish waste into the ocean requires special authorization as it can cause certain environmental issues. This kind of waste can decrease the oxygen levels in the seawater and suffocate live species. Organic components in fish waste have a high biological oxygen requirement, which can have negative effects on the environment and human health. Robust demand for animal protein, which is a vital component in animal feed, could drive the use of fish waste in fish protein hydrolysate.
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The high cost of enzymatic hydrolysis in the synthesis of fish protein would raise the price of finished goods, hampering the market demand. The nutritional value of animal feed and pet food products is impacted by the high salt content of fish protein hydrolysates produced by acid hydrolysis. As a result, it is believed that enzymatic hydrolysis is a better method for creating fish protein hydrolysates.
Report Coverage | Details |
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Base Year: | 2022 |
Market Size in 2022: | USD 223 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 5.5% |
2032 Value Projection: | USD 375 Million |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 603 |
Tables, Charts & Figures: | 720 |
Segments covered: | Form, Technology, Source, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Based on form, the fish protein hydrolysate market for animal feed and pet food application from the FPH powder segment is expected to reach USD 340 million by 2032, due to rising demand for ingredients for animal feed used in aquaculture, poultry, and piglets. With the utilization of fish protein hydrolysate in powder form, animals can have greater access to amino acids. Apart from this benefit, the absence of moisture lowers total weight, shipping costs, and the possibility of bacterial deterioration of fish protein hydrolysate.
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In terms of technology, the fish protein hydrolysate market share for animal feed and pet food application from enzymatic hydrolysis technology segment is anticipated to cross USD 310 million by 2032. The technology can help produce FPHs that have wide applications in a broad range of industries, such as peptones, pet food, and animal feed product manufacture. It utilizes proteolytic enzymes, which increase the controllability of the hydrolysis process. Moreover, the ability of this technology to improve the product’s functional properties should further augment the market size.
Form | Market Share, 2022 (%) |
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Anchovy | 13.77% |
Tilapia | 18.71% |
Tuna | 23.09% |
Sardine | 6.17% |
Atlantic Salmon | 19.87% |
Crustacean | 2.80% |
Molluscs | 4.58% |
Codfish | 7.43% |
Others | 3.58% |
Total | 100% |
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The tuna source segment will record more than 5% CAGR through 2032. Many minerals, including magnesium, protein, niacin, iron, potassium, and omega-3 fatty acids, are present in tuna protein hydrolysate. As a result, tuna use in pet food and animal feed has increased in recent years. Improved growth performance and feed intake in carnivorous fish are two benefits of tuna protein hydrolysate that should boost its demand in the animal feed sector.
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Europe fish protein hydrolysate market for animal feed and pet food application is estimated to observe more than 5% CAGR during 2023 to 2032. FPH when used in animal feed can enhances the metabolism and health of livestock. As a result, it is more widely used in animal feed and pet food products in Europe. The trend of pet humanization is growing, which has increased the demand for premium pet food. According to Euromonitor International’s Voice of the Consumer: Lifestyles Survey, 71% of pet owners globally consider pets as members of the family. The survey also showed that nearly 30% of pet owners have started buying sustainably produced items.
Some of the prominent players in the fish protein hydrolysate market for animal feed and pet food are Diana Aqua (Symrise Ag), Hofseth Biocare ASA, SOPROPECHE, Copalis Sea Solutions, TC Union Agrotech, Scanbio Marine Group, 3D Corporate Solutions, Bio-Marine Ingredients Ireland Ltd, Diana Pet Food, Janatha Fish Meal & Oil Products, SAMPI, Nutrifish, Omega protein, Alaska Protein Recovery, Triplenine Group A/S, Rossyew, and Sociedad Pesquera Landes SA.
Strategic partnerships, collaborations, new product launches, etc. are being initiated by solution providers to boost the industry expansion. For instance, in May 2022, Pioneer Points Partners and Verdane acquire Scanbio Marine Group with an aims to build one of Europe’s largest and leading aquaculture waste management providers.
The COVID-19 pandemic impacted the supply chain and trade cycles due to government restrictions which adversely affected the market size. However, as the lockdowns have been lifted, businesses are working to secure and preserve their supply networks. They are also looking for supply chain partnerships with dealers and distributors to guarantee that their products are successfully delivered throughout all regions. Market rivalry is anticipated to increase over the course of the projection period as manufacturers try a number of strategies to get a competitive edge and increase their profit margins.
Market, By Form
Market, By Source
Market, By Technology
The above information has been provided for the following regions and countries: