Fish Protein Hydrolysate Market for Animal Feed and Pet Food Applications size to exceed $270mn by 2026

Fish Protein Hydrolysate Market for Animal Feed and Pet Food Applications size is set to surpass USD 270 million by 2026, according to a new research report by Global Market Insights, Inc.
 

Increasing awareness regarding the importance of protein-rich feed products for proper growth of animals among animal farmers is likely to raise product demand. Increasing fish farming activities across the world coupled with the restrictions on disposal of fish by-products may foster market growth. Increasing efforts by key players to develop high quality fish protein hydrolysate products for animal and pet feed is expected to promote market trends.

 

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Easy digestibility coupled with high amino acid content to raise the demand for liquid fish protein hydrolysate for animal feed and pet food applications industry

The easy digestibility of liquid fish protein hydrolysate makes it more acceptable as an animal feed for poultry, dogs, cats and livestock. Easy absorption of liquid fish protein hydrolysate in the intestine of animals and the high content of amino acids, proteins and other nitrogenous compounds required for animal growth may augment market share. The increasing application of liquid fish protein hydrolysates as nutraceuticals for companion animals is likely to raise product demand. Liquid fish protein hydrolysate market for animal feed and pet food applications exceeded USD 12.85 Million in 2019 and is set to register over 3.6% CAGR during the assessment period.
 

Browse key industry insights spread across 560 pages with 679 market data tables and 58 figures & charts from the report, “Fish protein Hydrolysate Market for Animal Feed and Pet Food Applications Statistics 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, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/fish-protein-hydrolysate-market-for-animal-feed-and-pet-food-applications
 

Ability to produce higher yield and cost-effectiveness to promote the use of acid hydrolysis technology to produce fish protein hydrolysate

The high efficacy of strong alkalis and acids used in acid hydrolysis technology to split peptide bonds at high temperature and pressure may raise the adoption rate of this technology for producing fish protein hydrolysate. The ability of acid hydrolysis to create a low pH to activate natural enzymes that occur in the fish viscera to stimulate protein hydrolysate production will stimulate industry trends. Acid hydrolysis of proteins achieves higher yields, requires lesser time, and is considered as a very common & cost-effective method of protein hydrolysis, promoting the market size. Fish protein hydrolysate market for animal feed and pet food applications through acid hydrolysis technology surpassed USD 24.02 Million in 2019 and is poised to register over 3.9% CAGR throughout the review period.
 

Increasing tilapia farming coupled with the high protein content in tilapia to encourage the use of tilapia fish protein hydrolysate for animal feed and pet food

The increasing tilapia framing activities in countries such as China, India, and Indonesia to meet the rising demand for fish-based food items in the world may raise the demand for tilapia fish protein hydrolysate in the coming years. Besides, the high protein and amino acid content varying between 15% and 60% in tilapia fish protein hydrolysates is likely to boost business landscape. Tilapia fish protein hydrolysate market for animal feed and pet food applications is expected to grow at a CAGR of 4.7% between 2020 and 2026.
 

Major players in the market are focusing on enhancing their existing production capacity with a view to meet the increasing consumer demands. Besides, players are also adopting strategies such as mergers and acquisitions to extend their client reach and improve business. Companies are investing heavily in research activities to develop fish protein hydrolysate formulations for better animal and pet growth. Key market players include 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.  
 

Increased raising of pets to encourage the use of fish protein hydrolysate market for pet food application

The increased raising of pets across the world is likely to raise the demand for fish protein hydrolysate for pet food application in the years to come. Global fish protein hydrolysate market for pet food application is expected to reach USD 70.5 Million by 2026 growing at a CAGR of 5.1% throughout the assessment period.
 

Rapidly growing livestock industry coupled with increased use of fish and meat animal feed products to drive the European fish protein hydrolysate market for animal feed and pet food applications

Europe fish protein hydrolysate industry for animal feed and pet food applications is expected to grow at a CAGR of 4.6% between 2020 and 2026 owing to increasing livestock farming in the region, especially in Netherlands. Besides, the presence of vast grasslands and pastures in the region encourages the growth of animal husbandry occupation. Restrictions on dumping of fish by-products in the ocean imposed by the European Union may foster the industry statistics.

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