The global fish protein hydrolysate (FPH) market, valued at USD 242.51 million in 2023, is set for significant growth. With a compound annual growth rate (CAGR) of 5.4% during the forecast period from 2024 to 2032, the market is projected to reach USD 388.97 million by 2032. Fish protein hydrolysate, a natural and bioactive ingredient derived from fish waste, has found applications in a wide array of industries, including animal feed, agriculture, food, and cosmetics, due to its rich nutritional profile and various functional properties.
FPH is produced by enzymatic hydrolysis of fish proteins, which breaks them down into smaller peptides and amino acids, making them highly bioavailable and digestible. Its growing importance can be attributed to its numerous benefits, such as enhancing the growth of animals, improving plant health, and offering various health benefits for human consumption.
ππ±π©π₯π¨π«π ππ‘π ππ¨π¦π©π₯πππ ππ¨π¦π©π«ππ‘ππ§π¬π’π―π πππ©π¨π«π πππ«π:
https://www.polarismarketresearch.com/industry-analysis/fish-protein-hydrolysate-market
Market Growth Drivers
- Rising Demand in Animal Feed Industry
One of the key growth drivers of the FPH market is the growing demand for animal feed additives, especially in the aquaculture, livestock, and pet food industries. Fish protein hydrolysate is rich in essential amino acids, peptides, and omega-3 fatty acids, which are vital for the growth and health of animals. Its use in animal feed promotes better digestion, enhances immune response, and increases growth rates in farmed fish, poultry, and other livestock.
As global demand for animal protein continues to rise with the expanding global population, FPH is increasingly being used as a valuable ingredient in the formulation of high-quality animal feed, especially for fish farming and aquaculture.
- Growing Popularity of Functional Foods
Fish protein hydrolysate is gaining significant attention in the human food industry, particularly in the production of functional foods. The hydrolysis process enhances the digestibility and bioavailability of fish proteins, making it an ideal ingredient for protein supplementation. Fish protein hydrolysate is often used in sports nutrition products, protein bars, and meal replacement shakes due to its high protein content and functional properties.
The increasing focus on healthy living, wellness, and functional foods among consumers is driving the demand for protein-rich products, further boosting the growth of the FPH market. As consumers seek healthier, more sustainable alternatives to traditional protein sources, FPH provides a valuable option.
- Sustainability and Waste Utilization in the Fishing Industry
The fishing industry is inherently resource-intensive, and the use of fish protein hydrolysate offers a sustainable way to utilize by-products and reduce waste. Fish protein hydrolysate is often made from fish by-products like heads, bones, and viscera that would otherwise be discarded. By converting these waste products into valuable, high-protein ingredients, the FPH market contributes to the circular economy and sustainability.
As sustainability continues to be a key priority for industries worldwide, utilizing fish by-products to create high-value ingredients like FPH helps reduce environmental impact and promotes the responsible use of marine resources.
- Demand for Organic Fertilizers and Plant Growth Promoters
Fish protein hydrolysate is widely used in agriculture as an organic fertilizer and plant growth promoter. The hydrolysate contains valuable nutrients such as amino acids, peptides, vitamins, and minerals that improve plant growth and soil health. It enhances the nutritional content of crops, boosts resistance to diseases, and promotes better root development.
As consumers and farmers increasingly turn to organic farming practices and more eco-friendly agricultural solutions, the demand for natural fertilizers like fish protein hydrolysate is rising. This trend is driving the adoption of FPH in the agriculture sector.
- Cosmetics and Personal Care Industry
Fish protein hydrolysate is also gaining popularity in the cosmetics and personal care market due to its moisturizing, anti-aging, and skin-rejuvenating properties. Rich in collagen peptides and amino acids, FPH is used in skincare and haircare products to promote skin hydration, reduce wrinkles, and enhance hair strength.
As consumers demand more natural and effective ingredients in beauty products, the market for fish protein hydrolysate in cosmetics is expanding. The natural origin and bioactive properties of FPH are key factors that make it an appealing option for the cosmetics industry.
Key Trends in the Fish Protein Hydrolysate Market
- Emphasis on Sustainability and Clean Labeling
Consumers are increasingly looking for products that align with their environmental values, such as sustainability and clean labeling. As FPH is made from fish by-products, its use helps reduce waste in the fishing industry and promotes a more sustainable food system. Additionally, many consumers prefer products with minimal processing and no artificial additives, which makes fish protein hydrolysate an appealing option for clean-label products in food, animal feed, and cosmetics.
- Innovations in Fish Protein Hydrolysate Production
Innovations in hydrolysis technology are improving the production processes of FPH, making it more efficient and cost-effective. Enzymatic hydrolysis methods are continually being optimized to produce FPH with enhanced functional properties, including improved solubility, digestibility, and bioactivity. The development of new technologies will allow manufacturers to scale up production and meet the growing demand across various industries.
- Growing Interest in Marine-Based Proteins
As plant-based proteins gain popularity, there is a parallel growth in the interest for marine-based proteins, including fish protein hydrolysate. These proteins are seen as a sustainable alternative to land-based animal proteins, and they offer unique nutritional benefits. Marine-based proteins like fish protein hydrolysate are high in omega-3 fatty acids, which are increasingly recognized for their cardiovascular and cognitive health benefits.
- Regulatory Support for Sustainable Practices
Governments and regulatory bodies are placing greater emphasis on sustainable fishing practices, and this could enhance the use of fish by-products in producing hydrolysates. As regulations surrounding sustainability and food safety continue to evolve, fish protein hydrolysate may become a more favored ingredient due to its sustainable production methods.
Market Segmentation
By Source
- Marine Fish
- Fish protein hydrolysate derived from various marine fish species, such as salmon, tuna, and mackerel, is a common source of high-quality hydrolysates.
- Freshwater Fish
- Fish protein hydrolysate from freshwater species, such as trout and catfish, is also gaining popularity in the market.
- Fish By-products
- Fish heads, bones, and skin are processed into hydrolysates and are a sustainable source of fish protein.
By Application
- Animal Feed
- Aquaculture (fish farming)
- Livestock feed
- Pet food
- Food and Beverages
- Protein supplements
- Sports nutrition
- Ready-to-eat meals and beverages
- Agriculture
- Organic fertilizers
- Plant growth promoters
- Cosmetics and Personal Care
- Skincare products
- Haircare products
- Others
- Pharmaceuticals and dietary supplements
By Region
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- United Arab Emirates
Competitive Landscape
The fish protein hydrolysate market is highly fragmented, with several players operating in different regions. Key companies 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
These companies are focusing on innovation, sustainability, and increasing their production capacities to meet the rising demand for FPH in various industries. Partnerships, acquisitions, and technological advancements are common strategies to gain a competitive edge in the market.
Recent Developments in the Seafood and Aquaculture Industry
- March 2023: BlueNalu, a global leader in cell-cultured seafood, announced a partnership with Nutreco, a major provider of animal nutrition and aquafeed. This collaboration aims to strengthen the food-grade supply chain for sustainable seafood production.
- May 2022: Pioneer Points Partners and Verdane acquired Scanbio Marine Group, with the goal of establishing one of Europeβs largest and leading providers of aquaculture waste management solutions.
Challenges and Opportunities
Challenges
- Raw Material Availability: The availability of raw materials such as fish by-products is subject to fluctuations due to changes in fishing quotas and regulations, which could impact supply chains.
- Price Volatility: The prices of fish protein hydrolysates can fluctuate due to factors such as seasonal variations, fish stock availability, and regulatory restrictions.
Opportunities
- Untapped Markets: Emerging markets in Asia-Pacific and Latin America present significant opportunities for growth, as the demand for animal feed, functional foods, and sustainable agriculture solutions is increasing.
- Health and Wellness Trends: The rising focus on plant-based and alternative protein sources for human consumption presents an opportunity for fish protein hydrolysate to position itself as a sustainable, nutritious protein option.
Conclusion
The global fish protein hydrolysate market is poised for steady growth, driven by rising demand across diverse sectors such as animal feed, food and beverages, agriculture, and cosmetics. As sustainability becomes a central focus for industries and consumers alike, fish protein hydrolysate offers a sustainable and valuable solution. With a projected market value of USD 388.97 million by 2032, this sector holds promising opportunities for growth and innovation, particularly in emerging markets and with the continued development of new technologies.
More Trending Latest Reports By Polaris Market Research: