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Fish Protein Hydrolysate Market Size
- Report ID: GMI4853
- Published Date: Feb 2023
- Report Format: PDF
Fish Protein Hydrolysate Market Size
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.
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 Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Fish Protein Hydrolysate 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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Frequently Asked Questions (FAQ) :
Fish Protein Hydrolysate Market Scope
