Fish Protein Hydrolysate Market for Animal Feed Application Report | 2023-2030

[Research Report] The fish protein hydrolysate market for animal feed application size is expected to grow from US$ 243.38 million in 2023 to US$ 339.87 million by 2030; it is estimated to register a CAGR of 4.9% from 2023 to 2030.

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.

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Fish Protein Hydrolysate Market: Strategic Insights

Fish Protein Hydrolysate Market

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  CAGR (2023 - 2030)

  4.9%
• Market Size 2023
  US$ 243.38 Million
• Market Size 2030
  US$ 339.87 Million

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• 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

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Form

• Dry
• Liquid

Application

• Poultry
• Ruminant
• Swine
• Aquaculture
• Pets

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Impact of COVID-19 Pandemic on Fish Protein Hydrolysate Market for Animal Feed Application

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.

Market Insights

Nutritional Benefits of Fish Protein Hydrolysate in Animal Nutrition

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.

Form-Based Insights

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.

Fish Protein Hydrolysate Market Report Scope

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Report Spotlights

• Progressive industry trends in the fish protein hydrolysate market for animal feed application to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing countries
• Quantitative analysis of the fish protein hydrolysate market for animal feed application from 2020 to 2030
• Estimation of global demand for fish protein hydrolysate among animal feed industry
• PEST analysis to illustrate the political, economic, social, and technological factors impacting the global fish protein hydrolysate market for animal feed application growth.
• Recent developments to understand the competitive market scenario
• Market trends and outlook, as well as factors driving and restraining the growth of the fish protein hydrolysate market for animal feed application
• Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
• Fish protein hydrolysate market size for animal feed application at various nodes
• Detailed overview and segmentation of the market, as well as the fish protein hydrolysate for animal feed industry dynamics
• Size of the fish protein hydrolysate market for animal feed application in various regions with promising growth opportunities