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%
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Market Size 2023
US$ 243.38 Million
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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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Fish Protein Hydrolysate Market: Strategic Insights
-
CAGR (2023 - 2030)4.9% -
Market Size 2023
US$ 243.38 Million -
Market Size 2030
US$ 339.87 Million
Market Dynamics
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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
- Dry
- Liquid
- Poultry
- Ruminant
- Swine
- Aquaculture
- Pets
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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
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 - Dry
- Liquid
By Application - Poultry
- Ruminant
- Swine
- Aquaculture
- Pets
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
- 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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Attribute | Details |
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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
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Regions and Countries Covered | North America
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Market leaders and key company profiles |
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Form, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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.
The List of Companies - Fish Protein Hydrolysate Market for Animal Feed Application
- 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
- Vita Actives Ltd