The Fish Protein Hydrolysate Market is estimated at USD 469.8 million in 2023. Further, the market is expected to grow from USD 488.1 million in 2024 to USD 680.1 million in 2031 at a CAGR of 4.8%.
Fish Protein Hydrolysate Market Market Overview
Fish protein hydrolysate (FPH) also known as Visceral fish hydrolysate is a product made from fish or fish material through protein hydrolyzation (breakage of proteins from which fish tissues are constructed into smaller parts peptides and finally into amino acids) method. The process involves acid/alkali hydrolysis or enzymatic hydrolysis and microbial fermentation. In general, FPH can be obtained from substrates such as fish muscle, skin, head, milt, and wastes and assign value to these fish by-products.
FPH can be processed from both marine and freshwater fish, by chemical or biological methods, where biological methods are preferable as they are environmentally friendly. It also produces high product specificity and preserves functionality and nutritive values. FPH is widely used in different applications such as food, cosmetics, pharmaceutical, nutraceutical, and functional food industries. FPH is a greater antioxidant, anti-obesity, anticancer, anticoagulant, immunomodulatory, and antihypertensive activity. FPH is produced mainly in two forms liquid (90% moisture), and dried. Liquid FPH is highly unstable for long-term storage, and it is difficult to be transported. Thus, dried FPH is preferable due to a longer shelf-life, easier storage, and transportation.
Latest Trends in Fish Protein Hydrolysate Market
Burgeoning Awareness Regarding the Benefits of FPH in Aquafeed Formulations:
Due to the rising sustainability concerns, FPH has emerged as an increasingly sought-after solution in aquaculture activities, given that they can be derived from byproducts and waste from marine processing operations. These seafood processing waste products can be over 60% in excess by weight of byproducts such as head, viscera, skin, row, frames, etc.
The use of this protein-rich waste material provides a significant boost to sustainability in the aquaculture domain, by converting otherwise unusable materials into bioavailable, nutritious food supplements such as FPH. The inclusion of FPH in aquafeeds can promote better absorption of hydrolyzed protein and in turn, improve the general health of the fish. In aquaculture activities, the inclusion of peptide-rich FPH in fish diets has demonstrated enhancement of growth performance, higher antioxidant activity, better nutrient utilization, and increased immune response in fish.
Driving Factors
Rapid Population Growth & Rising Urbanization:
Around 56% of the world’s population lives in cities, and this trend is estimated to continue, doubling its current size by 2050. Due to rising urbanization, there has been a significant increase in the demand for consumption of water. Population and economic growth have driven a rapid rise in demand for water resources. Especially in low- and middle-income countries, rapid urbanization has created various water-related challenges, including degraded water quality and inadequate water supply and sanitation infrastructure, particularly in expanding peri-urban and informal settlements.
With the rapid growth in the global population and urbanization, the global demand for water supply and sanitation Applications is also expanding. Rapid urbanization offers opportunities for economic development but also increases the use of freshwater resources.
Market Challenges
Shortage of Raw Materials, Storage & Transportation Issues:
The first important step for the implementation of FPH technology is the analysis of main fishing sources, which are the most abundant and, possibly, underutilized. The raw materials required for FPH production can be both fish and fish leftovers. The scarcity of raw materials like Atlantic Salmon sourced from the shores of Scandinavian countries or high-quality Tuna from the Sea of Japan is likely to hamper growth.
Despite the economic benefits of FPH production, the main constraint to complete by-product utilization is a logistic issue. However, due to a general lack of well-organized models of collecting, storage, and transportation, further utilization of fish by-products is complicated, and available fish sources may even be lost as waste. Aquatic products are highly fragile and must be stored, processed, and sold quickly. FPH in a liquid form is highly unstable for long-term storage and it is difficult to be transported. So, dried FPH is preferable due to its longer shelf-life, easier storage, and transportation.
Companies Mentioned
Thai Union Group PCL.
Symrise Aqua Feed
Copalis Sea Solutions
Scanbio Marine Group AS
Bio-marine Ingredients Ireland Ltd.
Great Pacific BioProducts Ltd.
Market Segmentation
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TABLE OF CONTENTS
1. GLOBAL FISH PROTEIN HYDROLYSATE INDUSTRY
1.1. Market Scope and Definition
1.2. Study Assumptions
2. FISH PROTEIN HYDROLYSATE MARKET LATEST TRENDS, DRIVERS AND CHALLENGES, 2023-2031
2.1. Fish Protein Hydrolysate Market Latest Trends
2.1.1. Burgeoning Awareness Regarding the Benefits of FPH in Aquafeed Formulations:
2.1.2. Expanding Applications of FPH in the Cosmetic & Personal Care Industry:
2.1.3. Sustainable Sourcing & Utilization of Fishery By-Products:
2.1.4. Growing Popularity for Bioactive FPH & Demand for FPH in Nutraceuticals:
2.1.5. Shifting Consumer Preference for Nutrient and Chemical-Free Food Items:
2.1.6. Ongoing R&D Investments & Technological Advancements:
2.2. Fish Protein Hydrolysate Market Insights, 2023-2031
2.2.1. Dominant Fish Protein Hydrolysate Application, by Value,2023-2031
2.2.2. Leading Fish Protein Hydrolysate Protein Type, 2023-2031
2.2.3. Fast-Growing Geographies for Fish Protein Hydrolysate, 2023-2031
2.3. Fish Protein Hydrolysate Demand Drivers to 2031
2.3.1. Rapid Population Growth & Rising Urbanization:
2.3.2. Demand for Clean and Safe Water:
2.3.3. Increasing Development Practices & Agricultural Practices:
2.3.4. Strict Government Regulations & Initiatives Regarding the Treatment of Wastewater:
2.3.5. Surging Pulp & Paper Industries and Oil & Gas Industry:
2.4. Fish Protein Hydrolysate Challenges to 2031
2.4.1. Shortage of Raw Materials, Storage & Transportation Issues:
2.4.2. High Production Cost & Side-Effects of FPH:
2.5. Fish Protein Hydrolysate Market-Five Forces Analysis
3. GLOBAL FISH PROTEIN HYDROLYSATE MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
3.1. Global Fish Protein Hydrolysate Market Overview, 2023
3.2. Global Fish Protein Hydrolysate Market Size and Share Outlook, By Application, 2023-2031
3.2.1. Food and Beverage
3.2.2. Animal Feed & Pet Food
3.2.3. Cosmetics and Personal Care
3.2.4. Clinical Nutrition Products
3.2.5. Wastewater Treatments
3.2.6. Others
3.3. Global Fish Protein Hydrolysate Market Size and Share Outlook, By Protein Type, 2023-2031
3.3.1. Collagen
3.3.2. Elastan
3.3.3. Keratin
3.4. Global Fish Protein Hydrolysate Market Size and Share Outlook by Region, 2023-2031
4. GLOBAL FISH PROTEIN HYDROLYSATE MARKET VOLUME, MARKET SHARE, AND FORECAST TO 2031
4.1. Global Fish Protein Hydrolysate Market Overview, 2023
4.2. Global Fish Protein Hydrolysate Market Size and Share Outlook, By Application, 2023-2031
4.2.1. Food and Beverage
4.2.2. Animal Feed & Pet Food
4.2.3. Cosmetics and Personal Care
4.2.4. Clinical Nutrition Products
4.2.5. Wastewater Treatments
4.2.6. Others
4.3. Global Fish Protein Hydrolysate Market Size and Share Outlook, By Protein Type, 2023-2031
4.3.1. Collagen
4.3.2. Elastan
4.3.3. Keratin
4.4. Global Fish Protein Hydrolysate Market Size and Share Outlook by Region, 2023-2031
5. NORTH AMERICA FISH PROTEIN HYDROLYSATE MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
5.1. North America Fish Protein Hydrolysate Market Overview, by Value, 2023
5.2. North America Fish Protein Hydrolysate Market Overview, by Volume, 2023
5.3. North America Fish Protein Hydrolysate Market Size and Share Outlook, By Application, by Value, 2023-2031
5.4. North America Fish Protein Hydrolysate Market Size and Share Outlook, By Application, by Volume, 2023-2031
5.5. North America Fish Protein Hydrolysate Market Size and Share Outlook by Protein Type, by Value, 2023-2031
5.6. North America Fish Protein Hydrolysate Market Size and Share Outlook by Protein Type, by Volume, 2023-2031
5.7. North America Fish Protein Hydrolysate Market Size and Share Outlook by Country, by Value, 2023-2031
5.7.1. United States
5.7.2. Canada
5.7.3. Mexico
6. EUROPE FISH PROTEIN HYDROLYSATE MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
6.1. Europe Fish Protein Hydrolysate Market Overview, by Value, 2023
6.2. Europe Fish Protein Hydrolysate Market Overview, by Volume, 2023
6.3. Europe Fish Protein Hydrolysate Market Size and Share Outlook, By Application, by Value, 2023-2031
6.4. Europe Fish Protein Hydrolysate Market Size and Share Outlook, By Application, by Volume, 2023-2031
6.5. Europe Fish Protein Hydrolysate Market Size and Share Outlook by Protein Type, by Value, 2023-2031
6.6. Europe Fish Protein Hydrolysate Market Size and Share Outlook By Protein Type, by Volume, 2023-2031
6.7. Europe Fish Protein Hydrolysate Market Size and Share Outlook by Country, 2023-2031
6.7.1. Germany
6.7.2. France
6.7.3. UK
6.7.4. Italy
6.7.5. Spain
6.7.6. Rest of Europe
7. ASIA PACIFIC FISH PROTEIN HYDROLYSATE MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
7.1. Asia-Pacific Fish Protein Hydrolysate Market Overview, by Value, 2023
7.2. Asia-Pacific Fish Protein Hydrolysate Market Overview, by Volume, 2023
7.3. Asia-Pacific Fish Protein Hydrolysate Market Size and Share Outlook, By Application, by Value, 2023-2031
7.4. Asia-Pacific Fish Protein Hydrolysate Market Size and Share Outlook, By Application, by Volume, 2023-2031
7.5. Asia-Pacific Fish Protein Hydrolysate Market Size and Share Outlook By Protein Type, by Value, 2023-2031
7.6. Asia-Pacific Fish Protein Hydrolysate Market Size and Share Outlook By Protein Type, by Volume, 2023-2031
7.7. Asia Pacific Fish Protein Hydrolysate Market Size and Share Outlook by Country, 2023-2031
7.7.1. China
7.7.2. Japan
7.7.3. India
7.7.4. Rest of Asia Pacific
8. SOUTH AND CENTRAL AMERICA FISH PROTEIN HYDROLYSATE MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
8.1. South and Central America Fish Protein Hydrolysate Market Overview, by Value, 2023
8.2. South and Central America Fish Protein Hydrolysate Market Overview, by Volume, 2023
8.3. South and Central America Fish Protein Hydrolysate Market Size and Share Outlook, By Application, by Value, 2023-2031
8.4. South and Central America Fish Protein Hydrolysate Market Size and Share Outlook, By Application, by Volume, 2023-2031
8.5. South and Central America Fish Protein Hydrolysate Market Size and Share Outlook by Protein Type, by Value, 2023-2031
8.6. South and Central America Fish Protein Hydrolysate Market Size and Share Outlook By Protein Type, by Volume, 2023-2031
8.7. South and Central America Fish Protein Hydrolysate Market Size and Share Outlook by Country, 2023-2031
8.7.1. Brazil
8.7.2. Argentina
8.7.3. Rest of South and Central America
9. MIDDLE EAST AFRICA FISH PROTEIN HYDROLYSATE MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
9.1. Middle East Africa Fish Protein Hydrolysate Market Overview, by Value, 2023
9.2. Middle East Africa Fish Protein Hydrolysate Market Overview, by Volume, 2023
9.3. Middle East Africa Fish Protein Hydrolysate Market Size and Share Outlook, By Application, by Value, 2023-2031
9.4. Middle East Africa Fish Protein Hydrolysate Market Size and Share Outlook, By Application, by Volume, 2023-2031
9.5. Middle East Africa Fish Protein Hydrolysate Market Size and Share Outlook by Protein Type, by Value, 2023-2031
9.6. Middle East Africa Fish Protein Hydrolysate Market Size and Share Outlook by Protein Type, by Volume, 2023-2031
9.7. Middle East Africa Fish Protein Hydrolysate Market Size and Share Outlook by Country, 2023-2031
9.7.1. Middle East
9.7.2. Africa
10. FISH PROTEIN HYDROLYSATE MARKET STRUCTURE
10.1. Thai Union Group PCL.
11. APPENDIX
11.1. About Us
11.2. Sources
11.3. Research Methodology
11.4. Contact Information
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