Fish Protein Hydrolysate Market

Introduction:

Fish protein hydrolysate, often abbreviated FPH, is a refined solution made by enzymatic hydrolysis of fish proteins, usually derived from marine by-products such as fish skins, bones and trimmings. This process yields a robust and versatile product rich in essential amino acids, peptides and bioactive compounds, making it an attractive choice for countless applications in various industries. The focus of the fish protein hydrolysate market is the growing demand for sustainable and environmentally friendly protein sources.

Fish Protein Hydrolysate Market

Size, by Product, - (USD Billion)

Liquid

Powder

Others

Other Products

The Market will Grow

At the CAGR of:

5.4%

The Forecast Market

Size for in USD:

$752.7 Million

Global Fish Protein Hydrolysate Market Size was estimated at USD 499.2 Million in 2023 and is projected to reach USD 752.7 Million by 2032, exhibiting a CAGR of 5.4% during the forecast period (2024-2032)

The use of fish protein hydrolysate offers a convincing solution despite environmental impacts and resource depletion. Using fishing by-products that would otherwise go to waste, this market not only meets sustainability challenges, but also promotes a circular economy by increasing resource efficiency. In the world of food and beverages, fish protein hydrolysate finds its place as a functional ingredient valued for its nutritional value and flavor-enhancing properties. From sports nutrition to delicious snacks and culinary creations, its versatility knows no limits. In addition, its hypo allergenicity and good digestibility make it an attractive choice for consumers with special dietary needs or preferences. The market of fish protein hydrolysates extends not only to human nutrition, but also to the food and agricultural sectors. As livestock producers strive to optimize animal health, performance and feed efficiency, adding fish protein hydrolysate to animal feed is a strategic choice. It not only acts as a high-quality protein source, it also offers potential benefits such as improved digestibility, growth promotion and resistance to different animal species. By studying the Fish Protein Hydrolysate market, we examine the latest trends, technological advancements, regulation, and market dynamics that shape its trajectory. From new applications in pharmaceuticals and cosmetics to innovations in manufacturing processes and sustainability initiatives, our journey through this vibrant market promises insights, opportunities and inspiration for stakeholders around the world.

Market Overview:

Growing product demand from the pharmaceutical industry, resulting from their rapid absorption and thus promoting lean muscle mass, as well as their ability to reduce the effects of high blood pressure on consumers, is expected to accelerate market growth in the coming years. Fish protein refers to ingredients extracted from ground whole fish. Fish protein hydrolyzate (FPH) is used in several end-use industries, including feed, pet, cosmetics, and food and beverage. Growing consumption of fish protein in various foods and beverages such as infant formulas, sports nutrition, and protein supplements is anticipated to drive the overall market in the coming years.

The US market is projected to grow strongly due to high demand for products due to increasing awareness of weight management and muscle building, disease prevention, and physical and mental health. In addition, the growing food and beverage industry and growing middle-class population and high income levels are expected to augment product demand during the forecast period.

When used in food and beverages, the product has been shown to have a positive effect on gastrointestinal problems associated with irritable bowel syndrome (IBS) and Crohn's disease. When using infant formula, fish proteins are used to produce alternative hypoallergenic protein foods for babies suffering from celiac disease, gluten intolerance and milk allergy. The most used fish species are e.g. anchovies, herrings and sardines. They are a source of several components, including peptides with antioxidant, antimicrobial, antihyperglycemic and hypotensive properties. In addition, research shows that fish by-products consist of valuable bioactive ingredients such as proteins, fish oils and fatty acids, enzymes, glycosaminoglycans, and chitin and chitosan. Demand for FPH in nutritional applications is expected to grow strongly over the next few years.

Market Trends:

• Rising Demand for Sustainable Protein Sources
• Increasing Application in Functional Foods
• Expansion in Aquaculture Industry
• Technological Advancements in Production
• Emerging Applications in Pharmaceuticals and Cosmetics
• Regulatory Considerations and Standards
• Growing Investment in Research and Development
• Consumer Education and Awareness

Market Drivers:

• Growing Health Awareness
• Growth of the Aquaculture Industry
• Growing Need for Animal Feed
• Fish protein hydrolysate 
• Sustainable Sourcing
• Technological developments
• Research and Development
• Regulatory backing

Market Restraining Factors:

High Production Costs: The cost of obtaining high-quality fish raw materials and the requirement for specialized facilities and equipment make the process of making fish protein hydrolysates quite costly. Profitability may be hampered by these high production costs, which may restrict market scalability.

Limited Raw Material Availability: Fish species that are ideal for the manufacture of protein hydrolysates may not always be readily available, especially those that adhere to sustainability and quality criteria. This limitation may limit output and have an impact on supply on the market.

Seasonal Variability: Seasonal variations in fish availability can affect the steady supply of raw materials needed to produce protein hydrolysates. Seasonal fluctuations may cause problems with manufacturing and even market shortages.

Regulatory Compliance: The production process becomes more difficult and expensive in order to comply with strict laws pertaining to food safety, quality standards, and environmental sustainability. Profitability may be impacted by the need to spend in compliance procedures in order to meet regulatory requirements.

Risk of Contamination: One of the biggest worries for producers is the possibility of contamination when processing fish protein hydrolysates. Events involving contamination may result in product recalls, harm to a brand’s reputation, and monetary losses.

Fish protein hydrolysates are subject to competition from alternative protein sources, including plant-based proteins and synthetic substitutes. The market demand for fish protein hydrolysates may be impacted by consumer preferences for these alternatives, which are influenced by variables such as ethical considerations, environmental sustainability, and health.

Limited Consumer Awareness: Although fish protein hydrolysates are rich in nutrients, consumers may not be familiar with or cognizant of them. Consumer and market acceptance of the product may be hampered by low knowledge and comprehension of it.

Fish protein hydrolysates may present an allergy risk to people who are allergic to fish. In order to reduce dangers for consumers, this allergy issue can restrict market penetration and necessitate clear labeling and communication.

Fish Protein Hydrolysate Market

Share, by end user, (USD Billion)

499.2 Million%

Fertilizers

Feed

Others

Other End-Users

752.7 Million

Total Market Size

USD (Billion),

5.4%

CAGR

-

Key Market Opportunities:

• Expansion in Functional Foods
• Penetration in Animal Feed Sector
• Health and Wellness Products
• Market Diversification
• Sustainability Initiatives

Key Players:

• Sopropeche
• Diana Group
• Copalis Sea Solutions
• Scanbio
• Bio-marine Ingredients Ireland Ltd.
• United Fisheries
• Shenzhen Taier
• New Alliance Dye Chem Pvt. Ltd.
• Neptune's Harvest
• Alaska Protein Recovery, LLC
• Great Pacific BioProducts Ltd.
• BrownsFish Genesis
• Dramm Corp.
• U.S. Ag Florida, Inc.
• Sampi
• Marutham Bio Ages Innovations (p) Ltd.
• Hofseth BioCare
• Janatha Fish Meal & Oil Products

Recent Development:

• 21 May 2024 Sopropêche at ISFNF exhibition 2024Expert in innovative nutrients, Sopropêche is exhibiting at ISFNF 2024, international symposium for fish nutrition and feeding which takes place from May 27 to 31st in Puerto Vallarta (Mexico). Meet our team and get their expertise in fish hydrolysates, fishmeals, vegetal ingredients and additives.

• April 27, 2022 – Dramm Corporation completed the installation of 286 solar panels at the new headquarters in Manitowoc, Wisconsin. The 18,000 sq. ft. ground-mount solar panels produce an annual energy savings of 161,990 kilowatts.

Fish Protein Hydrolysate Market

Size, by Product, - (USD Billion)

The Market will Grow

At the CAGR of:

5.4%

The Forecast Market

Size for in USD:

$752.7 Million

Market Insights:

The global industry that produces, markets and consumes fish protein hydrolysates - bioactive substances produced by enzymatic or chemical hydrolysis of fish proteins - is called the fish protein hydrolysate market. This market has a wide range of liquid, powder and paste products used in the food and beverage, pharmaceutical, cosmetic and nutritional industries, among others.

Fish proteins consist of complex structures that break down into smaller peptides and amino acids during a process called hydrolysis, which improves the activity and bioavailability of fish proteins. This provides a nutrient-dense product rich in proteins, peptides, essential amino acids and micronutrients with multiple health benefits.

The most important factors influencing the fish protein hydrolyzate market are the need for functional and supplemental foods, the development of applications in sports nutrition and dietary supplements, and the growing awareness of consumers about the health benefits of a high-protein diet. Expansion of aquaculture activities, technological development of production processes and sustainability programs that encourage the use of by-products of fish processing continue to be driving factors for market growth.

Research Methodology

The qualitative and quantitative data of the Fish Protein Hydrolysate Market is prepared through various research considerations such as subject matter expert advice, primary and secondary research. Primary research leverages valuable information from face-to-face and/or telephonic interviews and surveys, questionnaires, industry expert opinion, KOLs, customers, and others. Primary interviews are conducted regularly with industry experts to create in-depth expert information on the market and to substantiate the existing analysis of the data.

Secondary research done by Verified Market Reports research team through various sources such as

• Company websites, annual reports, financial reports, investor presentations and SEC filings
• Internal and external proprietary databases, relevant patent, and regulatory databases
• National government documents, statistical databases, and market reports
• News articles, press releases and web-casts specific to the companies operating in the market
• Paid database

Market Segmentation:

By Type

• Liquid
• Powder
• Others

By Application

• Fertilizers
• Feed
• Others

By Geography

• North America
• Europe
• Asia Pacific
• Middle East & Africa

• Latin America

  Fish Protein Hydrolysate Market TO (USD BN)

  

  CAGR OF

  5.4%

  Fish Protein Hydrolysate Market

  

  752.7 Million%

Stakeholders in the Fish Protein Hydrolysate Market can include:

• Producers/Manufacturers
• Suppliers of Raw Materials
• Research Institutions
• Regulatory Agencies
• End Users 
• Consumers
• Industry Associations
• Investors

Conclusion:

Overall, the fish protein hydrolysates market is at the forefront of innovation, sustainability and nutritional value. Fish protein hydrolyzate has humble beginnings as a by-product of the fish processing industry and has evolved into a versatile and environmentally friendly protein source that has attracted the attention of various industry stakeholders.

As consumer preferences shift toward sustainable and nutritious protein options, fish protein hydrolyzate offers a compelling solution. Its rich amino acid profile, bioactive peptides and hypoallergenic properties make it a desirable ingredient in functional foods, nutrients, pharmaceuticals, cosmetics and other products. However, the journey to unlock the full potential of the fish protein hydrolyzate market is not without its challenges. Regulatory considerations, technological developments and market dynamics continue to shape the landscape and present both opportunities and obstacles to stakeholders.

However, between these challenges lie limitless opportunities for growth, innovation and market expansion. By encouraging collaboration, considering sustainability, and staying abreast of changing consumer preferences, fish protein hydrolyzate market stakeholders can set a course for a healthier and more sustainable future. As we navigate the currents of change and discovery, let us continue to explore, innovate and inspire, using the power of fish protein hydrolyzate to nourish body, mind and planet. Together, we can pave the way for a brighter and more sustainable future for future generations.