Fish protein Hydrolysate Market for Animal Feed and Pet Food Application Size By Technology (Acid Hydrolysis, Enzymatic Hydrolysis), By Form (Powder, Paste, Liquid), By Source (Anchovy, Tilapia, Tuna, Sardine, Atlantic Salmon, Crustacean, Molluscs, Codfish), By Application (Animal Feed [Poultry {Broilers, Layers}, Swine, Calves, Aquaculture {Salmon, Trouts, Shrimps}, Equine], Pet Food [Cat, Dog] Industry Analysis Report, Country Outlook Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Fish protein Hydrolysate Market for Animal Feed and Pet Food Applications size exceeded USD 197.35 million in 2019 and is estimated to register over 4.7% CAGR between 2020 and 2026. Increasing awareness regarding the importance of high-quality nutritious animal feed among animal farmers to promote the industry growth.
 

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Increasing awareness regarding the benefits of protein-rich animal feed products for improving the productivity and overall performance of animals is likely to raise the demand for fish protein hydrolysates. FPH accounts for nearly 14% of the total protein sources used to produce animal feed. An increase in the occurrence and transmission of food-borne bacterial infections such as bovine spongiform encephalopathy due to chemical contamination of animal feeds is highlighting the importance of high-quality animal feed products in the recent years.
 

Ban on the use of mammalian meat and bone meal protein in animal feed by the European Union is likely to shift the attention of animal farmers towards fish protein hydrolysate as a source of protein in animal feed in the coming years.
 

The increasing fish farming activities in different regions of the world are expected to drive the fish protein hydrolysate market for animal feed and pet food applications growth. The special permits required for disposal of fish waste in oceans owing to the environmental concerns such as reduced oxygen levels in the seawaters and smothering or burial of living organisms created by it may propel the industry landscape in the coming years.
 

The presence of essential amino acids such as Phenylamine, Threonine, Valine, Isoleucine, Methionine, Tryptophan, Isoleucine, Lysine, Leucine, and Arginine which are required for good animal growth and improved performance in fish by-products may raise product demand from animal feed and pet food application.
 

However, high cost of enzymes such as papain and alcalase which are required for production of fish protein hydrolysate increases the overall production cost, which may restrict the growth of the market to some extent during the forecast period. Moreover, Fluctuations in anchoveta catches owing to El Nino phenomenon referring to the climatic changes and season may hinder the fish protein production, thereby affecting market statistics. Stringent policies imposing restrictions on fishing activities in various countries of the world may further decline industry outlook.
 

Increased controllability and improved functional properties of fish protein hydrolysate to promote the use of enzymatic hydrolysis technology

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The fish protein hydrolysate market for animal feed and pet food applications by technology is segmented into autolytic hydrolysis, acid hydrolysis and enzymatic hydrolysis. Enzymatic hydrolysis is the most commonly used technology for production of fish protein hydrolysate with a market value of USD 164.42 Million in 2019. The capability of enzymatic hydrolysis to produce fish protein hydrolysates which have wide applicability in a diverse range of industries such as peptones, food and industrial product manufacture should stimulate the market trends. The use of proteolytic enzymes in this technology to achieve improved controllability may increase the acceptability of this technology for production of FPH in the future.
 

Moreover, enzymatic hydrolysis does not result in the development of undesirable products of racemization as in a case of acid and alkali hydrolysis, which is likely to increase the popularity of this production technique. Benefits such as improved pH functionality, better emulsifying, foaming, and water holding capacity and easy digestibility is expected to boost the industry landscape. 
 

High solubility in water and high amino acid content to raise the demand for powdered fish protein hydrolysate

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The fish protein hydrolysate market for animal feed and pet food applications is divided by form into powder, liquid and paste. Powdered form of fish protein hydrolysate dominated the market in 2019 with a market value of USD 176.80 Million. This is mainly attributed to the high content of proteins and amino acids and less amount of fats in it. Powdered fish protein hydrolysate contains about 80% of proteins. The powdered form of fish protein hydrolysate is easy to feed and digest since it is easily soluble in water, which is likely to increase the adoption of the product in the years to come.
 

The increasing demand for organic fertilizers and feed ingredients for poultry, piglets, and aquaculture will stimulate the market scenario. Furthermore, the lack of moisture reduces the overall weight, shipping cost, and risk of bacterial spoilage, which will increase the product demand.
 

High content of Omega-3, Vitamin E and high nutritive value to encourage the use of tuna fish protein hydrolysate

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The tuna fish protein hydrolysate market is expected to witness remarkable growth during the assessment period owing to its ability to help in the healthy development of muscle, boosts the immunity, and helps in the overall development of racing horses. Digestive health benefits offered by tuna fish protein hydrolysate facilitates its use in manufacturing packaged pet food products along with supplements.
 

Additionally, the role of tuna fish protein hydrolysate in aiding healthy growth of cats due to the presence of high content of omega-3 and vitamin E is expected to raise product demand. Increasing consumer awareness regarding the importance of protein-rich diet for animals may foster market share. The tuna fish protein hydrolysate industry is expected to register over 4.6% CAGR over the review period.
 

Increasing number of livestock owners to promote the growth of fish protein hydrolysate market for animal feed and pet food applications

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The animal feed application segment dominated the global fish protein hydrolysate industry for animal feed and pet food applications. This is mainly attributed to the increasing number of livestock owners globally. The increasing efforts being undertaken by governments of different countries to encourage the growth of animal husbandry activities may raise product demand for animal feed application. The segment is expected to reach USD 199.38 Million by 2026 growing at a CAGR of 4.5% over the forecast period.
 

North America FPH market growth is attributed towards high consumption rate of fish and seafood coupled with strong governmental support

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North America fish protein hydrolysate market for animal feed and pet food applications is expected to witness considerable growth owing to increased consumer health consciousness and increased use of protein-rich animal feed products. The rapid growth of aquaculture industry and increasing fish farming activities in the region is likely to promote the growth of the market. Increasing efforts by key players to develop high quality products may foster market outlook.
 

In both Canada and the U.S., strong institutional support by government for aquaculture should foster industry expansion. The increased domestic consumption of meat and aquatic products, technological innovations in the meat processing industry and increased industrial livestock are growing the high-quality meat demand, which is in turn accelerating the market growth. The North America fish protein hydrolysate market is expected to surpass USD 65 million by 2026.
 

Acquisition and production capacity expansion among industry participants to increase market competitiveness

Key players operating in the market are Copalis Sea Solutions, Hofseth Biocare ASA, SOPROPECHE, TC Union Agrotech, Diana Pet Food, TripleNine, SAMPI, 3D Corporate Solutions, Bio-Marine Ingredients Ireland Ltd, Green Earth Industries LLC, Diana Aqua (Symrise Ag), Rossyew, Nutrifish, Scanbio Marine Group, Omega Protein, Janatha Fish Meal & Oil Products, Sociedad Pesquera Landes Sa and Alaska Protein Recovery. Key players are adopting strategies such as mergers, acquisitions and capacity expansions to enhance their product portfolio and client reach and meet the increasing requirements in the market.
 

In July 2020, Sociedad Pesquera Landes SA started the construction of two hydrolysate plants in Chile for conversion of farmed salmon by-products and silage into proteins for animal nutrition. This capacity expansion would enable the company to strengthen its foothold in the fish protein hydrolysate market in Latin America.
 

In November 2019, Symrise AG acquired American Dehydrated Foods/International Dehydrated Foods (ADF/IDF). This strategic acquisition would combine operations and product portfolio of ADF/IDF with those of Symrise’s Nutrition better serve the pet food industry with its natural formulations.
 

The Global Fish Protein Hydrolysate market for Animal Feed and Pet Food Applications research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2015 to 2026 for the following segments:
 

By Technology

• Acid Hydrolysis
• Autolytic Hydrolysis
• Enzymatic Hydrolysis

By Form

• Powder
• Liquid
• Paste

By Source

• Anchovy
• Tilapia
• Tuna
• Sardine
• Atlantic Salmon
• Crustacean
• Molluscs
• Cod Fish
• Others

By Application

• Animal Feed
  • Poultry
    • Broilers
    • Layers
  • Swine
  • Calves
  • Aquaculture
    • Salmon
    • Trouts
    • Shrimps
  • Equine
• Pet Food
  • Cat
  • Dog

The above information has been provided for the following countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Norway
  • Poland
  • Netherlands
  • Denmark
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Vietnam
  • Indonesia
  • Malaysia
  • Thailand
• Latin America
  • Brazil
  • Argentina
  • Peru
  • Chile
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE