Home > Pressrelease > Fish Protein Hydrolysate Market size to exceed $570mn by 2026
Fish Protein Hydrolysate Market size to exceed $570mn by 2026
Published Date: April 9, 2020Fish Protein Hydrolysate Market size is set to surpass USD 570 million by 2026, according to a new research report by Global Market Insights Inc.
Fish protein hydrolysates are sourced from various species such as tuna, atlantic salmon, codfish and catfish. They are produced using various hydrolysis methods to reduce toxicity and mercury concentration while retailing essential nutrients. Industry players are investing in fish protein hydrolysate industry to take advantage of emerging trends in cosmetic, food and pharmaceutical industry towards protein rich ingredients. Also, rapid shift of consumers towards sustainably and rising awareness towards side effects of chemically enhanced products is likely to boost the market share.
Increasing attractiveness of fish protein hydrolysates for additional revenue generation among seafood processors should stimulate market growth. These products are primarily manufactured from low-value fish waste, ensuring a virtually inexhaustible raw material resource supplied as high-value products, increasing their appeal. Furthermore, they are compatible with various delivery solutions such form, powder, and liquid which is likely to boost fish protein hydrolysate market demand.
Paste segment of the market is likely to register more than 2.5% CAGR through 2026 owinFish Protein Hydrolysate Market – Global Fish Protein Hydrolysate Industry Size, Share, Price, Growth Trends, Applications, Potential, Technology, Forecast, Competitive Analysis, PDF Reportg to increasing prevalence of pet adoption, rising disposable income, and changing perceptions towards diet. Pet owners are shifting against traditional food items cooked at home and rapidly adopting high quality solid and liquid packaged pet food. Additionally, rapid adoption in of fish protein paste in various cat food preparations owing to its economical nature, easy availability and taste refining characteristics is likely to fuel fish protein hydrolysate market demand.
The market is likely to witness restraint owing to impact of COVID 19 as governments are enforcing lockdowns to reduce the transmission of community outbreak. Restrictions on shipping, rail, air, and road transport is making it difficult to source raw materials. Furthermore, impact on fishing industry due to fishing restrictions, processing, and distribution is likely to constrain fish protein hydrolysate market growth.
Stringent regulations in agricultural industry towards the use of chemically induced fertilizers and rapid demand for organic produce to trigger product demand
Anchovy derived fish protein hydrolysates market is likely to surpass USD 80 million by 2026, owing to increasing demand for high quality fertilizers and rising demand for organic solutions. Anchovy derived fish protein hydrolysates are rapidly used in manufacturing economical & high-performance fertilizers as it aids in improving soil quality. Additionally, stringent regulations towards the use of chemical induced fertilizers and rapid demand for natural products is making farmers to adopt fish protein hydrolysates which is likely to propel the market demand.
Industry players are rapidly investing in R&D to manufacture high quality fertilizer solutions owing to changing perceptions towards chemically enhanced fertilizers. Additionally, the use of fish protein hydrolysates is preferred as it does not lead to soil pollution. Regular use of these [products aids in reducing plant infections, promotes growth and yield which is likely to boost market share.
Browse key industry insights spread across 1095 pages with 1248 market data tables and 225 figures & charts from the report, “Fish Protein Hydrolysate Market Statistics, By Technology (Acid Hydrolysis, Enzymatic Hydrolysis), By Form (Powder, Paste, Liquid), By Source (Anchovy, Tilapia, Tuna, Sardine, Atlantic Salmon, Crustacean, Molluscs, Codfish), By Application (Animal Feed [Poultry {Broilers, Layers}, Swine, Calves, Aquaculture {Salmon, Trouts, Shrimps}, Equine], Pet Food [Cat, Dog], Food (Flavor Enhancers, Functional Food, Infant Formulation, Nutraceuticals, Sports Nutrition, Protein Supplements, Elderly Food Formulation, Clinicals), Cosmetics [By Protein Type {Collagen (Glycine, Hydroxylysine, Proline), Elastin, Keratin}], Agriculture [Fertilizers, Protection, Elicitor], Pharmaceutical), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020-2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/fish-protein-hydrolysate-market
Increasing demand for easily digestible and quick absorbing sports nutrition powders to trigger market demand
Tilapia fish protein hydrolysate market demand from pharmaceuticals is likely to achieve over 3.5% CAGR through 2026, owing to rising awareness on potential benefits of protein powder and changing perceptions on nutrition. It is widely utilized in manufacturing sport nutrition powders owing to high concentration of quick absorbing protein. Tilapia fish protein hydrolysates contain vital amino acids such as tryptophan, proline, tyrosine, and lysine which aid in healthy growth and boosts basic metabolic activities, thereby attracting young population and boosting product demand.
Rapid adoption of fish protein hydrolysates by fitness experts and celebrities is creating a niche market for fish protein hydrolysates in protein powder industry. Industry players are rapidly experimenting & sourcing exotic raw materials to create product differentiation in market. Additionally, changing consumer perceptions towards nutrition & rising demand for high performance and economical solutions is likely to augment market demand.
“As per industry forecasts, powder-based fish protein hydrolysate market is likely to grow at 4% CAGR, owing to increasing adoption in manufacturing high quality protein powder solutions and rapid shift towards easily digestible solutions”
Rising awareness on side effects of artificially enhanced pharmaceuticals and increasing demand for high quality solution to boost market trends in Europe
They are widely used in preparing high quality pharmaceutical preparations as it considered as a safe material for human consumption. Industry players in the region are rapidly adopting fish protein hydrolysates in manufacturing pharmaceutical preparations to provide natural and low side effect solutions to customers. Furthermore, its high concentration of branched amino acids along with quick absorbing characteristics makes it compatible for various pharmaceutical grade supplements which is likely to boost fish protein hydrolysate market statistics.
Rapid increase in demand for natural ingredients and increasing towards chemically induced products is also making industry players to rapidly adopt pure protein hydrolysate solutions which should propel the market demand. They are widely used in preparing supplements for elderly population as it is easily digestible & does not trigger cholesterol and blood insulin levels which should accelerate the industry outlook.
“As per industry analysis, Europe fish protein hydrolysate market from pharmaceutical preparation is likely to surpass USD 12 million by 2026, owing to increasing demand for high quality solutions and changing perceptions towards overall wellness trends”.
Manufactures are rapidly investing in research & marketing in an attempt to diversify product portfolio and gain brand recognition in market. Also, quick penetration of fish protein hydrolysates and easy entry to market is making industry players to rapidly invest in diversifying business segment. Manufactures are rapidly advertising on social media & blogs highlighting the potential benefits of fish protein hydrolysates. Some key players in fish protein hydrolysate market include Diana Aqua (Symrise AG), Diana Pet Food, SOPROPECHE, Copalis Sea Solutions, Scanbio Marine Group, Bio Marine Ingredients, Hofseth Biocare ASA, Green Fertilizer Solution, SAMPI, Nutrifish, C.R Brown Enterprises, Great Pacific BioProducts, Alaspa Protein recovery, Rossyew, Neptune’s Harvest, and Sociedad Pesquera Landes SA.