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Fish Protein Hydrolysate Market Size

  • Report ID: GMI4853
  • Published Date: Aug 2024
  • Report Format: PDF

Fish Protein Hydrolysate Market Size for Animal Feed & Pet Food Application

Fish Protein Hydrolysate Market size for Animal Feed & Pet Food Application was valued at USD 233.08 million in 2023 and is projected to grow at 5.5% CAGR from 2024 to 2032, driven by the rising demand for high-quality, protein-rich ingredients in animal nutrition. This growth is fueled by the increasing awareness of the nutritional benefits of fish protein hydrolysates, such as improved digestibility and enhanced growth performance in animals and pets.

 

The trend towards natural and sustainable ingredients in feed formulations further supports market expansion. As consumers increasingly seek premium pet food and animal feed options, the market for fish protein hydrolysates is expected to continue growing, with innovations in processing and sourcing enhancing its appeal.
 

The fish protein hydrolysate market is witnessing growth in animal feed and pet food applications, primarily fueled by the surging demand for high-protein, easily digestible, and sustainable feed ingredients. As awareness grows regarding the nutritional advantages of fish protein hydrolysates—like improved gut health, boosted immune function, and enhanced growth rates in animals—the market continues to expand. Furthermore, a rising preference for natural and eco-friendly ingredients in both pet food and animal feed, alongside a shift towards premium and specialty products, is amplifying the demand for fish protein hydrolysates.
 

For instance, Department of Fisheries India is the second largest fish producing country in the world accounting for 7.56% of global production and contributing about 1.24% to the country’s Gross Value Added (GVA) and over 7.28% to the agricultural GVA. The high volume of fish processing by-products available provides a steady and sustainable raw material source for fish protein hydrolysates. As the demand for high-quality, protein-rich ingredients in animal feed and pet food increases, India's prominent role in global fish production enhances market opportunities and drives the expansion of fish protein hydrolysate applications.
 

Innovations in the fish protein hydrolysate market is centered on refining extraction and processing techniques, aiming to boost the bioavailability and nutritional profile of the hydrolysates. New enzymatic hydrolysis methods are being crafted to yield more refined and consistent protein products. Concurrently, cutting-edge technologies in sustainable fish sourcing are guaranteeing a consistent and eco-friendly supply of raw materials. Moreover, advancements in formulation are paving the way for more targeted and species-specific hydrolysates, addressing the distinct dietary requirements of various animals and pets, thus propelling market growth and adoption.
 

High production costs and complex processing methods are significant pitfalls in the fish protein hydrolysate market. The enzymatic hydrolysis process required to produce high-quality hydrolysates is expensive and technically demanding, making it challenging for manufacturers to scale production cost-effectively. Additionally, the limited availability of sustainable fish raw materials exacerbates this issue.
 

As the demand for eco-friendly and sustainable ingredients grows, sourcing fish by-products or sustainably farmed fish becomes increasingly difficult, leading to supply chain constraints. These factors contribute to higher production costs, which can limit the affordability and widespread adoption of fish protein hydrolysates in animal feed and pet food markets. Addressing these challenges is crucial for the market to achieve long-term growth and sustainability.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of Fish protein hydrolysate for animal feed & pet food application reached USD 233.08 million in revenue in 2023 and will grow at 5.5% CAGR from 2024 to 2032, led by the rising demand for high-quality, protein-rich ingredients in animal nutrition.

The powder form segment will reach USD 343.87 by 2032, due to its versatility, ease of handling, and longer shelf life.

Asia Pacific market size will record 5.8% CAGR through 2032, owing to the presence of an extensive aquaculture sector and significant poultry and livestock sectors.

SOPROPECHE, Diana Aqua (a division of Symrise Ag), Copalis Sea Solutions, Scanbio Marine Group, Bio-Marine Ingredients Ireland Ltd, and Hofseth Biocare ASA.

Fish Protein Hydrolysate Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 195
  • Countries covered: 18
  • Pages: 135
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