Fish protein hydrolysate is a product made from fish or fish material by the method of protein hydrolyzation. Thus, fish protein hydrolysate is a mixture of broken proteins. Fish protein hydrolysates are reported to have a number of improved properties compared to the protein of origin, namely improved functional properties and bioactive properties such as anti-oxidative or anti-hypertensive activities. Recently, fish protein hydrolysate is also started to be used as cryoprotectants for frozen fish products. These are the factors expected to drive the fish protein hydrolysate market growth for animal feed application during the forecast priod.
In 2022, Asia Pacific held the largest share of the global fish protein hydrolysate market for animal feed application. According to Food and Agriculture Organization 2021 report, Asia Pacific is a significant market for aquaculture production. Asian countries were the primary producers, accounting for 70% of the total fisheries and aquaculture production of aquatic animals. Fish protein hydrolysate is a prominent ingredient that is a major requirement of feed producers. The availability of small molecular weight peptides and free amino acids in fish protein hydrolysate improves feed palatability, stimulating fish feed intake. Thus, the demand for fish protein hydrolysate is increasing among animal feed manufacturers.
The feed industry faced crucial challenges such as a shortage of raw materials and laborers, a surge in raw material prices, and disruptions in distribution networks due to lockdowns, travel bans, trade limitations, manufacturing unit shutdowns, and other government-levied restrictions across the globe. This hampered the manufacturing activities of various companies in the animal feed industry, subsequently resulting in increased prices of feed ingredients. In European Union, about two-thirds of member states pointed out the spike in feed prices in the livestock industry during the pandemic. Moreover, during the peak of the pandemic, China closed livestock and poultry trading and slaughter markets in most of the regions. Such barriers in the livestock industry hampered the demand for feed ingredients which had a negative impact on the demand for fish protein hydrolysate for feed during the pandemic.
In 2021, various economies resumed operations as their governments announced relaxations in the previously imposed restrictions, which boosted the global marketplace. Further, manufacturers were permitted to operate at full capacities, which helped them overcome the demand and supply gap and other repercussions.
The World Organization for Animal Health states that more than 50 wildlife diseases can seriously impact livestock and public health. In this case, the implementation of appropriate nutritional strategies that boost immunity, develop animal health, promote intestinal integrity and functionality is critical to enhance animal stress tolerance and treat various diseases. Thus, fish protein hydrolysates for animal feed applications are used to fulfill the nutritional demands of livestock. Fish protein hydrolysate is a good source of protein and nutrients such as phosphorus, calcium, and other minerals. It helps prevent the spread of infectious diseases and boosts animal immunity against fungi, bacteria, viruses, and parasites. Regular consumption of fish protein hydrolysate by broiler chickens helps in their muscle development. Enzymes present in fish protein hydrolysate aid in the gut morphology of broilers by facilitating the digestion of fibrous food, including grains and soybean meal. Thus, the nutritional benefits of fish protein hydrolysate relating to animal health drive its demand among animal feed industries.
Based on form, the global fish protein hydrolysate market for animal feed application is segmented into dry and liquid. The dry segment held a larger share of the global fish protein hydrolysate market for animal feed application in 2021 and is expected to register a higher CAGR from 2022 to 2030. Fish protein hydrolysate in dry form is significantly preferred due to its excellent physiochemical stability, extended shelf-life, and ease of transportation features. The bioavailability of fish protein hydrolysate in dry form is rapid and less prone to microbial attack. Such benefits of fish protein hydrolysate have surged its use in animal feed manufacturing processes. All these factors are driving the market for the segment.
The key players operating in the global fish protein hydrolysate market for animal feed application include Copalis Industry SAS, NAN Group JSC, Scanbio Marine Group AS, Janatha Fish Meal & Oil Products, 21 Pine Freezers Road Pty Ltd, Symrise AG, Kemin Industries Inc, Euro Feed Services, Holland BV, Bio-marine Ingredients Ireland Ltd, and Vita Actives Ltd. Market players are focusing on providing high-quality products to fulfill customer demand. They are also focusing on strategies such as investments in research and development activities, partnerships, and expansion.
The regional trends and factors influencing the Fish Protein Hydrolysate Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Fish Protein Hydrolysate Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 243.38 Million |
| Market Size by 2030 | US$ 339.87 Million |
| Global CAGR (2023 - 2030) | 4.9% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2030 |
| Segments Covered |
By Form
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Fish Protein Hydrolysate Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Fish Protein Hydrolysate Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
Increasing fish waste, rising awareness about the nutritional benefits of fish protein hydrolysate for animal health, and strategic development initiatives by key market players are some of the key driving factors for the fish protein hydrolysate market for animal feed application.
Asia Pacific accounted for the largest share of the global fish protein hydrolysate market for animal feed applications due to the increasing aquaculture industry in the region.
The major players operating in the global fish protein hydrolysate market for animal feed application are Copalis Industry SAS, NAN Group JSC, Scanbio Marine Group AS, Janatha Fish Meal & Oil Products, 21 Pine Freezers Road Pty Ltd, Symrise AGc, Kemin Industries Inc, Euro Feed Services, Holland BV, Bio-marine Ingredients Ireland Ltd, Vita Actives Ltd among few others.
Growing aquaculture industry due to improved aquaculture production, changing cultural preferences, and surging demand for fish and seafood is expected to create lucrative opportunities for the fish protein hydrolysate market in the coming years.
Poultry, aquaculture, ruminants, swine, pets, etc. are some of the major application areas of fish protein hydrolysate in animal feed.
Based on the application, the poultry segment accounted for the largest revenue share as it helps to prevent allergic reactions and ensures the desirable growth performance rate of poultry animals.