Fish Protein Hydrolysate
Fish Protein Hydrolysate Market Forecasts to 2030 - Global Analysis By Form (Powder, Paste and Liquid), Source (Tuna, Atlantic Salmon, Sardine, Codfish, Herrings, Tilapia, Molluscs, Crustacean Anchovy, Shads, Menhaden and Other Sources), Protein Type, Technology, Application and By Geography
According to Stratistics MRC, the Global Fish Protein Hydrolysate Market is accounted for $320.66 million in 2023 and is expected to reach $518.29 million by 2030 growing at a CAGR of 7.1% during the forecast period. Fish Protein Hydrolysate (FPH) is a product derived from the enzymatic hydrolysis of fish protein. This process involves breaking down the larger protein molecules found in fish into smaller peptides and amino acids. The resulting hydrolysate is a mixture of peptides, free amino acids, and other bioactive compounds. Fish Protein Hydrolysate is rich source of essential amino acids. FPH is used in the production of dietary supplements due to its high protein content and potential health benefits. Fish Protein Hydrolysate can be a sustainable source of protein, as it is often made from fish processing by-products that would otherwise go to waste.
According to Ministry of Fisheries, Animal Husbandry and Dairying, the second-largest producer of fish in the world, India accounts for 7.56% of worldwide production, 1.24% of the nation's Gross Value Added (GVA), and more than 7.28% of its agricultural GVA.
Market Dynamics:
Driver:
Increasing government investments in the fishing sector
The Government of India is at the forefront of transforming the fisheries sector and bringing about economic revolution through Blue Revolution in the country. The sector aims to increase the farmer's income through enhancement of production and productivity, improving the quality and reduction of waste. Fish protein hydrolysate is a valuable product derived from the enzymatic hydrolysis of fish proteins. It is used in various industries including aquaculture, animal feed, and agriculture as a source of high-quality protein and essential amino acids. The rising initiatives strengthen fishing cooperatives and thereby propel the market growth.
Restraint:
Sustainability concerns
With growing concerns about overfishing and environmental sustainability, the fishing industry faces scrutiny. This can affect the supply of raw materials for fish protein hydrolysate production. Ensuring a consistent and sustainable supply of fish waste for FPH production may be challenging, especially considering the fluctuating nature of fishery by-products. Thus, this element hampers the market demand.
Opportunity:
Growing pharmaceutical & cosmetic industries
Both the pharmaceutical and cosmetic industries require high-quality, bioactive ingredients for their products. Fish protein hydrolysate is rich in amino acids, peptides, and other bioactive compounds that have various beneficial properties for skin health and wound healing. As a result, FPH is sought after as a key ingredient in formulations. It can also be used as a source of high-quality protein and essential amino acids in pharmaceutical products like nutritional supplements. Further, its benefits such as rendering bioactive properties for skin health, sustainable sourcing, wound healing and tissue regeneration are propelling the market demand.
Threat:
Storage and shelf life issues
Fish protein hydrolysates can be sensitive to environmental conditions like temperature, humidity, and exposure to light. Improper storage can lead to degradation of the product, resulting in changes in flavor, aroma, texture, and nutritional composition. This can lead to a decrease in product quality and consumer acceptability. When exposed to air and light, the fats in FPH can become rancid, leading to off-flavours and potentially harmful compounds. This aspect is further hindering the market growth.
Covid-19 Impact
The COVID-19 pandemic had a mixed impact on the Fish Protein Hydrolysate (FPH) market. The pandemic led to disruptions in global supply chains, affecting the availability of raw materials and causing delays in production and distribution. This impacted the FPH market by affecting the sourcing and processing of fish. Some segments of the FPH market, particularly those supplying ingredients for pet food and aquaculture feeds, demonstrated resilience during the pandemic. Additionally, factors such as shifts in demand patterns, regulatory changes and adaptations have affected the market drastically.
The powder segment is expected to be the largest during the forecast period
The powder segment is estimated to have a lucrative growth, due to ts high protein content and bioactive properties. It provides essential amino acids, which are crucial for muscle growth, tissue repair, and overall health. Powdered FPH is popular in sports nutrition products like protein shakes, bars, and supplements. Athletes and fitness enthusiasts use it to support muscle recovery, enhance endurance, and promote overall physical performance. Additionally, its highly digestible source, easier digestion and bioactive peptides spur the segment growth.
The animal feed & pet food segment is expected to have the highest CAGR during the forecast period
The animal feed & pet food segment is anticipated to witness the highest CAGR growth during the forecast period, due to its rich protein content and a range of beneficial properties. FPH is a concentrated source of high-quality protein, which is essential for the growth, development, and overall health of animals. It is used in specialized pet foods and supplements, including those designed for working dogs, performance animals, and pets with specific dietary needs. The advantages of FPH such as palatability enhancement, digestibility, nutritional balance, enhanced growth performance and allergen management accelerate the segment growth.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to increasing consumer awareness about the health benefits of FPH, rising demand for functional and nutritional food ingredients, and the expansion of the aquaculture industry. The Asia Pacific region is a major hub for aquaculture production. Also, with a growing middle class and increasing disposable income, consumers in the Asia Pacific region are becoming more health-conscious. This has led to a higher demand for functional food ingredients like FPH. Thereby, elements such as competition among players, rising R&D activities and export opportunities are boosting the market demand in this region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period. The region's rising need for collagen-enriched and anti-aging products, coupled with promising trends, is driving the product demand in the cosmetics sector. It has the presence of well-established cosmetics products manufacturers such as Elemis Ltd., Dr. Dennis Gross Skincare LLC, and ReeceThomas LLC. The pet food industry is a major consumer of FPH in North America. Further, growing young population and rising skin awareness is fuelling the market growth in this region.
Key players in the market
Some of the key players profiled in the Fish Protein Hydrolysate Market include Scanbio Marine Group, Symrise Ag, Bio-Marine Ingredients Ireland Limited, Diana Pet Food, Nutrifish, Janatha Fish Meal & Oil Products, Copalis Sea Solutions, Hofseth Biocare ASA, Alaska Protein Recovery, Triplenine Group A/S, Omega Protein, 3D Corporate Solutions, United Fisheries, U.S. Ag Florida Inc., Neptune's Harvest, Marutham Bio Ages Innovations (p) Limited and Biomega Group.
Key Developments:
In June 2023, Omega Protein’s fishing partner Ocean Harvesters has successfully tested a new fish spill response vessel, designed to respond and recover fish in response to net tears and spills. The new vessel, the F/V Hopeful Harvest, is designed to quickly arrive at the area of a net tear and work to recover spilled fish from the surface.
In March 2023, Symrise launched a new range of diana food™ bioactives for use in Beauty from within products. The company is expanding its offer with the development of these differentiating and innovative nutricosmetic ingredients. The range includes a full line of solutions for skin conditioning and anti-aging, skin brightening, as well as hair and nail care.
In June 2022, Biomega® has announced the launch of its bioactive salmon peptides under the brand name, biomega® SalMe Peptides. The peptides, which are presented in a powder form, are more neutral in both taste and smell, making them better suited for a wide range of applications in health nutrition.
Forms Covered:
• Powder
• Paste
• Liquid
Sources Covered:
• Tuna
• Atlantic Salmon
• Sardine
• Codfish
• Herrings
• Tilapia
• Molluscs
• Crustacean Anchovy
• Shads
• Menhaden
• Other Sources
Protein Types Covered:
• Elastin
• Collagen
• Keratin
Technologies Covered:
• Autolytic Hydrolysis
• Acid Hydrolysis
• Enzymatic Hydrolysis
Applications Covered:
• Food
• Pharmaceuticals
• Animal Feed & Pet Food
• Cosmetics
• Agriculture
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Fish Protein Hydrolysate Market, By Form
5.1 Introduction
5.2 Powder
5.3 Paste
5.4 Liquid
6 Global Fish Protein Hydrolysate Market, By Source
6.1 Introduction
6.2 Tuna
6.3 Atlantic Salmon
6.4 Sardine
6.5 Codfish
6.6 Herrings
6.7 Tilapia
6.8 Molluscs
6.9 Crustacean Anchovy
6.10 Shads
6.11 Menhaden
6.12 Other Sources
7 Global Fish Protein Hydrolysate Market, By Protein Type
7.1 Introduction
7.2 Elastin
7.3 Collagen
7.4 Keratin
8 Global Fish Protein Hydrolysate Market, By Technology
8.1 Introduction
8.2 Autolytic Hydrolysis
8.3 Acid Hydrolysis
8.4 Enzymatic Hydrolysis
9 Global Fish Protein Hydrolysate Market, By Application
9.1 Introduction
9.2 Pharmaceuticals
9.3 Animal Feed & Pet Food
9.4 Cosmetics
9.5 Agriculture
9.6 Other Applications
10 Global Fish Protein Hydrolysate Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Scanbio Marine Group
12.2 Symrise Ag
12.3 Bio-Marine Ingredients Ireland Limited
12.4 Diana Pet Food
12.5 Nutrifish
12.6 Janatha Fish Meal & Oil Products
12.7 Copalis Sea Solutions
12.8 Hofseth Biocare ASA
12.9 Alaska Protein Recovery
12.10 Triplenine Group A/S
12.11 Omega Protein
12.12 3D Corporate Solutions
12.13 United Fisheries
12.14 U.S. Ag Florida Inc.
12.15 Neptune's Harvest
12.16 Marutham Bio Ages Innovations (p) Limited
12.17 Biomega Group
List of Tables
1 Global Fish Protein Hydrolysate Market Outlook, By Region (2021-2030) ($MN)
2 Global Fish Protein Hydrolysate Market Outlook, By Form (2021-2030) ($MN)
3 Global Fish Protein Hydrolysate Market Outlook, By Powder (2021-2030) ($MN)
4 Global Fish Protein Hydrolysate Market Outlook, By Paste (2021-2030) ($MN)
5 Global Fish Protein Hydrolysate Market Outlook, By Liquid (2021-2030) ($MN)
6 Global Fish Protein Hydrolysate Market Outlook, By Source (2021-2030) ($MN)
7 Global Fish Protein Hydrolysate Market Outlook, By Tuna (2021-2030) ($MN)
8 Global Fish Protein Hydrolysate Market Outlook, By Atlantic Salmon (2021-2030) ($MN)
9 Global Fish Protein Hydrolysate Market Outlook, By Sardine (2021-2030) ($MN)
10 Global Fish Protein Hydrolysate Market Outlook, By Codfish (2021-2030) ($MN)
11 Global Fish Protein Hydrolysate Market Outlook, By Herrings (2021-2030) ($MN)
12 Global Fish Protein Hydrolysate Market Outlook, By Tilapia (2021-2030) ($MN)
13 Global Fish Protein Hydrolysate Market Outlook, By Molluscs (2021-2030) ($MN)
14 Global Fish Protein Hydrolysate Market Outlook, By Crustacean Anchovy (2021-2030) ($MN)
15 Global Fish Protein Hydrolysate Market Outlook, By Shads (2021-2030) ($MN)
16 Global Fish Protein Hydrolysate Market Outlook, By Menhaden (2021-2030) ($MN)
17 Global Fish Protein Hydrolysate Market Outlook, By Other Sources (2021-2030) ($MN)
18 Global Fish Protein Hydrolysate Market Outlook, By Protein Type (2021-2030) ($MN)
19 Global Fish Protein Hydrolysate Market Outlook, By Elastin (2021-2030) ($MN)
20 Global Fish Protein Hydrolysate Market Outlook, By Collagen (2021-2030) ($MN)
21 Global Fish Protein Hydrolysate Market Outlook, By Keratin (2021-2030) ($MN)
22 Global Fish Protein Hydrolysate Market Outlook, By Technology (2021-2030) ($MN)
23 Global Fish Protein Hydrolysate Market Outlook, By Autolytic Hydrolysis (2021-2030) ($MN)
24 Global Fish Protein Hydrolysate Market Outlook, By Acid Hydrolysis (2021-2030) ($MN)
25 Global Fish Protein Hydrolysate Market Outlook, By Enzymatic Hydrolysis (2021-2030) ($MN)
26 Global Fish Protein Hydrolysate Market Outlook, By Application (2021-2030) ($MN)
27 Global Fish Protein Hydrolysate Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
28 Global Fish Protein Hydrolysate Market Outlook, By Animal Feed & Pet Food (2021-2030) ($MN)
29 Global Fish Protein Hydrolysate Market Outlook, By Cosmetics (2021-2030) ($MN)
30 Global Fish Protein Hydrolysate Market Outlook, By Agriculture (2021-2030) ($MN)
31 Global Fish Protein Hydrolysate Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
List of Figures
Figure 1 Global Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 2 North America Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 3 US Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 4 Canada Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 5 Mexico Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 6 Europe Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 7 Germany Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 8 UK Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 9 Italy Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 10 France Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 11 Spain Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 12 Rest of Europe Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 13 Asia Pacific Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 14 Japan Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 15 China Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 16 India Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 17 Australia Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 18 New Zealand Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 19 South Korea Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 20 Rest of Asia Pacific Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 21 South America Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 22 Argentina Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 23 Brazil Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 24 Chile Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 25 Rest of South America Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 27 Saudi Arabia Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 28 UAE Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 29 Qatar Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 30 South Africa Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
Figure 31 Rest of Middle East & Africa Fish Protein Hydrolysate Market Outlook (2021-2030) ($MN)
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
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The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
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