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Marine Protein Hydrolysate Market Trends

Report ID: GMI7553
Published Date: Nov 2023
Report Format: PDF

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Marine Protein Hydrolysate Market Trends

Current trends in the marine protein hydrolysate industry reflect a dynamic landscape shaped by evolving consumer preferences and industry advancements. There is a notable surge in demand for sustainable and responsibly sourced marine ingredients, aligning with heightened environmental consciousness. The market is witnessing increased innovation in product formulations and applications, particularly in the development of functional food and beverage products and pharmaceutical applications.

The expansion of the aquaculture industry continues to drive the demand for marine protein hydrolysates in aquafeed formulations, emphasizing the crucial role of the ingredient in promoting animal health and growth. Additionally, technological advancements in production processes are optimizing efficiency and quality, contributing to the market's competitiveness. As health and wellness remain key consumer priorities, the market is poised for further growth, with a focus on diversification and strategic partnerships driving the next wave of trends in the marine protein hydrolysate sector.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of marine protein hydrolysate reached USD 263.2 million in 2022 and is set to exceed USD 401 million by 2032, due to the increasing demand for nutraceuticals, driven by consumer awareness of health benefits such as omega-3 fatty acids.

Liquid form segment held a dominant market share of around 56% in 2022 and is expected to grow at a lucrative pace by 2032.

The U.S. market size was worth USD 73.7 million in 2022, owing to the well-established seafood industry, adoption of advanced production technologies, and a growing awareness regarding the product’s health benefits.

Bio-marine Ingredients, Ireland Limited, Copalis Sea Solutions, CR Brown Enterprises, Diana Group, Hofseth BioCare ASA, Janatha Fish Meal & Oil Products, Marutham Bio Ages Innovations (P) Ltd, SAMPI, Scanbio Marine Group AS, Sopropêche, Vinh Hoan Seafood JSC.