Fish Protein Hydrolysate Market Share, Size, Trends, Industry Analysis Report, By Source (Sardine, Menhaden, Herrings, Shads, Anchovy, Others); By Form; By technology; By Application; By Region; Segment Forecast, 2024 - 2032
- Published Date:Feb-2024
- Pages: 118
- Format: PDF
- Report ID: PM1982
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global Fish Protein Hydrolysate market was valued at USD 242.51 million in 2023 and is expected to grow at a CAGR of 5.4% during the forecast period.
The pharmaceutical industry anticipates a surge in product demand due to the rapid absorption functionality of pharmaceuticals, promoting lean muscle mass and mitigating the effects of hypertension in consumers. This trend is expected to propel market growth in the coming years. Fish protein, derived from ground whole fish, encompasses ingredients used in various industries such as animal feed, pet food, cosmetics, and food & beverages. Fish Protein Hydrolysate (FPH) is particularly versatile, finding applications in infant formulations, sports nutrition, and protein supplements within the food & beverage sector. This increased utilization of fish protein in diverse applications is forecasted to drive overall market expansion in the foreseeable future.
The U.S. market is anticipated to experience substantial growth, driven by heightened product demand fueled by increasing awareness of weight management, muscle building, disease prevention, and overall physical and mental health. Furthermore, the expanding food & beverage industry, coupled with a rising middle-class population and high-income levels, is poised to contribute to the sustained demand for the product throughout the forecast period.
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In the realm of food & beverage applications, the product has demonstrated efficacy in addressing gastrointestinal issues linked to Irritable Bowel Syndrome (IBS) and Crohn's disease. Within the infant formula application, fish proteins are employed to create alternative hypoallergenic protein sources for infants dealing with celiac disease, gluten intolerance, and milk allergy.
Anchovies, herrings, sardines, and other commonly used fish varieties serve as rich sources of diverse components, including peptides known for their antioxidative, antimicrobial, antihyperglycemic, and antihypertensive properties. Furthermore, research suggests that valuable bioactive ingredients such as fish oils & fatty acids, proteins, glucosaminoglycans, enzymes, and chitin & chitosan are present in fish side streams. Anticipated in the coming years is a substantial growth in the demand for Fish Protein Hydrolysate (FPH), particularly in animal feed applications.
A primary catalyst for this anticipated growth is the increasing adoption of the product in the aquaculture feed industry. This trend can be attributed to the fact that fish farming currently supplies over 50% of the world's fish food, a proportion expected to further expand in the future. As a result, Fish Protein Hydrolysate is poised to play a pivotal role, providing the growing aquaculture sector with high-quality amino acids and overall nutritional value.
Industry Dynamics
Growth Drivers
Growing Requirements Across Diverse End-User Sectors, of Fish Protein Hydrolysate, Drives the Market in Forecast Period
Anticipated market growth in the coming years is fueled by increasing demand across a range of end-use industries, including food and beverage, dietary supplements, sports nutrition, and animal feed, with a notable preference for fish protein hydrolysates owing to their associated health benefits.
In the food and beverage sector, FPH is utilized to boost the nutritional content of shakes, protein bars, and functional foods, contributing to its popularity. Its role in supporting muscle recovery and growth also positions it as a preferred choice in the sports nutrition industry. Additionally, the presence of collagen in FPH makes it suitable for cosmetic applications, providing softening, moisturizing properties, and anti-aging benefits, making it an ideal ingredient for skincare nutraceuticals.
The increasing consumption of nutraceuticals serves as a driving force in the fish protein hydrolysate market. In response to the demand for products promoting health and well-being, the pharmaceutical industry incorporates FPH as a key ingredient in nutraceutical production, leveraging its essential components like amino acids and proteins. Moreover, the growing number of consumers seeking dietary supplements and the rising adoption of fish-based products are expected to further drive Fish Protein Hydrolysate market growth.
Report Segmentation
The market is primarily segmented based on source, form, technology, application, and region.
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By Form |
By Technology |
By Application |
By Region |
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By Source Analysis
The Anchovy Segment Held the Largest Revenue Share in 2023
As the need for high-quality agricultural fertilizers continues to rise, coupled with a growing inclination towards organic alternatives fueled by changing consumer perceptions of chemical-based fertilizers in the agricultural sector, there is an anticipated and sustained growth in the demand for protein hydrolysate derived from anchovies in the years ahead.
Furthermore, the rapid expansion of the use of anchovy-based protein hydrolysate in the production of cost-effective and high-performance fertilizers, owing to its ability to improve soil quality, is expected to be a driving force for overall market demand. The presence of stringent regulations governing the use of chemically enhanced fertilizers and the proactive engagement of companies like Dramm Corporation and U.S. Ag Florida, Inc. in research and development initiatives focused on creating top-notch organic fertilizer solutions are likely to further contribute to the increasing demand for this product.
In volume, the demand for protein hydrolysate extracted from sardines is projected to demonstrate the fastest CAGR during the forecasted period. Sardines, with their abundance of long-branched amino acids and omega-3, are well-suited for incorporation into animal feed formulations. The product is highly compatible with aquatic life in salt and seawater environments, particularly in aquaculture feed applications, where its easy digestibility is expected to drive the anticipated demand in the upcoming years.
By Form Analysis
The Powder Segment Accounted for the Highest Market Share During the Forecast Period
The increasing need for powdered Fish Protein Hydrolysate (FPH) in the production of pharmaceutical-grade items, including protein powder and supplements that support blood and muscle recovery after accidents, is expected to contribute to the growth of this segment in the coming years.
Additionally, the growing preference for natural ingredients with low toxicity and economic viability in cosmetics and agricultural applications is anticipated to drive the demand for FPH in powdered form. Moreover, powdered FPH products possess notable features such as extended shelf life, ease of transportation, and convenient storage, reducing the likelihood of spoilage.
In relation to revenue, the liquid Fish Protein Hydrolysate (FPH) segment is expected to record the highest CAGR throughout the forecasted period. Liquid products, comprising about 90 percent moisture, exhibit high water solubility and a favorable amino acid profile, making them well-suited for the production of pharmaceutical and nutraceutical formulations. Additionally, liquid FPH is known for its satiating effect, contributing to the maintenance of cholesterol levels and the potential reduction in the risk of both malignant and benign tumors in humans. These attributes are likely to further enhance the demand for these products.
Regional Insights
North America Dominated the Largest Market in 2023
Anticipated trends and an increasing preference for collagen-enriched and anti-aging products in the region are expected to boost the demand for the product in the cosmetics industry throughout the forecast period. Fish Protein Hydrolysate (FPH) is utilized in the production of serums, anti-aging creams, and face masks due to its high protein concentration and amino acid content.
The growing awareness of skincare in the region is predicted to fuel the demand for FPH in both the cosmetics and healthcare sectors in the coming years. The presence of well-established manufacturers of cosmetics products in the region, including Dr. Dennis Gross Skincare LLC, Elemis Ltd., and ReeceThomas LLC, which are actively expanding their product portfolios and consumer reach by introducing cosmetics solutions rich in protein and marine collagen, is expected to drive market growth further.
The Asia Pacific market is poised to exhibit the rapid growing CAGR in the coming years. In the regional food sector, fish protein is primarily employed for nutritional and dietary supplements. However, the market in the region has yet to fully explore its potential in the beverage’s application. The growing focus on products targeting mental well-being and overall health has spurred the industry to engage in new research and development initiatives related to food.
Despite uncertainties related to existing regulations, Fish Protein Hydrolysate (FPH) is shaping the landscape of a swiftly evolving market in key countries such as China, India, Japan, and Australia. The industry is expected to experience growth driven by the increasing self-care movement, shifts in food regulations, and ongoing scientific evidence emphasizing the crucial link between diet and health.
Key Market Players & Competitive Insights
The market is characterized by intense competition, with established players relying on advanced technology, high-quality products, and a strong brand image to drive revenue growth. These companies employ various strategies such as research and development, mergers and acquisitions, and technological innovations to expand their product portfolios and maintain a competitive edge in the market.
Some of the major players operating in the global market include:
- Alaska Protein Recovery, LLC
- Bio-marine Ingredients Ireland Ltd.
- BrownsFish Genesis
- Copalis Sea Solutions
- Diana Group
- Dramm Corp.
- Great Pacific BioProducts Ltd.
- Hofseth BioCare
- Janatha Fish Meal & Oil Products
- Marutham Bio Ages Innovations (p) Ltd.
- Neptune's Harvest
- New Alliance Dye Chem Pvt. Ltd.
- Sampi
- Scanbio
- Shenzhen Taier
- Sopropeche
- U.S. Ag Florida, Inc.
- United Fisheries
Recent Developments
- In March 2023, BlueNalu, a worldwide developer of cell-cultured seafood, has revealed its collaboration with Nuterco, a global provider of animal nutrition and aquafeed. This partnership aims to assist the companies in establishing and enhancing the food-grade supply chain for the production of seafood.
- In May 2022, Pioneer Points Partners and Verdane have acquired Scanbio Marine Group with the goal of establishing one of Europe's largest and foremost providers in aquaculture waste management.
Fish Protein Hydrolysate Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 255.00 million |
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Revenue forecast in 2032 |
USD 388.97 million |
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CAGR |
5.4% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments Covered |
By Source, By Form, By Technology, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region, and segmentation. |
FAQ's
Fish Protein Hydrolysate Market report covering key segments are source, form, technology, application, and region
Fish Protein Hydrolysate Market Size Worth $ 388.97 Million By 2032
The global Fish Protein Hydrolysate market is expected to grow at a CAGR of 5.4% during the forecast period.
North America leading the global market
The key driving factors in Fish Protein Hydrolysate Market are Ongoing research activities and implementation of advanced production technologies.
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