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Marine Protein Hydrolysate Market Trends

  • Report ID: GMI7553
  • Published Date: Jul 2024
  • Report Format: PDF

Marine Protein Hydrolysate Market Trends

Current trends in the marine protein hydrolysate industry reflect a dynamic landscape shaped by evolving consumer preferences and industry advancements. There is a notable surge in demand for sustainable and responsibly sourced marine ingredients, aligning with heightened environmental consciousness. The market is witnessing increased innovation in product formulations and applications, particularly in the development of functional food and beverage products and pharmaceutical applications.
 

The expansion of the aquaculture industry continues to drive the demand for marine protein hydrolysates in aquafeed formulations, emphasizing the crucial role of the ingredient in promoting animal health and growth. Additionally, technological advancements in production processes are optimizing efficiency and quality, contributing to the market's competitiveness. As health and wellness remain key consumer priorities, the market is poised for further growth, with a focus on diversification and strategic partnerships driving the next wave of trends in the marine protein hydrolysate sector.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of marine protein hydrolysate reached USD 274.3 million in 2023 and is set to register 4.3% CAGR between 2024 and 2032, led by rising demand for marine diets and nutritional and functional benefits.

The liquid form segment in the marine protein hydrolysate industry accounted for 56% revenue share in 2023, due to its convenience, versatility, and applications in food, animal feed, and pharmaceuticals.

U.S. market was valued at USD 96 million in 2023, owing to advanced production technologies, and the growing awareness among consumers regarding the health benefits.

Bio-marine Ingredients, Ireland Limited, Copalis Sea Solutions, CR Brown Enterprises, Diana Group, Hofseth BioCare ASA, Janatha Fish Meal & Oil Products, Marutham Bio Ages Innovations (P) Ltd, and SAMPI, among others.

Marine Protein Hydrolysate Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 172
  • Countries covered: 21
  • Pages: 200
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