Fish Protein Hydrolysate Market is to Grow at a CAGR of 4.30% By 2029 With Top Players Hofseth BioCare ASA , Diana Group S.r.l , Bio-marine Ingredients Ireland - Digital Journal

2022-09-24 02:09:24 By : Ms. Jessie cui

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Fish Protein Hydrolysate Market Fish Protein Hydrolysate market research report acts as a backbone for the growth of any business, be it a small size or large size. Unsurpassed and well established tools and techniques such as SWOT analysis and Porter’s Five Forces analysis have been used in the whole report for the purpose of forecasting, analysis and estimations. Competitive analysis has been carried out in this industry report for the major players in the market, which supports businesses take better moves for enhancing their product and sales. The market insights and analysis covered in the top notch Fish Protein Hydrolysate market survey report are based upon SWOT analysis on which businesses can believe assertively.

Businesses are adopting market research report such as Fish Protein Hydrolysate since it is becoming very useful for them with the better decision making, revenue generation, prioritizing market goals and profitable business. Market definition, market segmentation, key developments in the market, competitive analysis and research methodology are the major topics covered in this report which are thoroughly studied with the best tools and techniques. The wide-ranging Fish Protein Hydrolysate report assists in figuring out brand awareness, market landscape, possible future issues, industry trends and customer behaviour which ultimately leads to refined business strategies. Business research report helps to stay up-to-date about the entire market and also offer holistic view of the market.

In March 2020, Bio-marine Ingredients Ireland Ltd., in collaboration with the Enterprise Partnership of the Irish Research Council, conducted a 12-week feeding trial in freshwater Atlantic salmon to investigate the effects of low fishmeal diets/high plant protein, with and without FPH supplementation, on gut health and growth performance. The company hopes that the results of this recent study will open up new avenues for the sustainable aquaculture feed market.

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When compared to other animals and plants, fish is a better source of protein. In the beginning, fish protein hydrolysate was only used in animal feed. However, as more people become aware of the high protein content of fish, it has become widely used in various industries. Fish protein hydrolysate is now used in various products, including food and beverages, medicines, nutraceuticals, cosmetics, pet food, and animal and poultry feed. The protein found in fish varies depending on the species.

Data Bridge Market Research analyses that the fish protein hydrolysate market was growing at a value of USD 244.2 million in 2021 and is expected to reach the value of USD 342.00 million by 2029, at a CAGR of 4.30% during the forecast period of 2022 to 2029. Fish hydrolysate is an organic fertilizer with the ability to improve plant nutrition. Fish hydrolysate is a bioactive compound produced by the decomposition of minced fish in conjunction with enzymes such as proteases and lactobacillus, which provides organic fertilizer to plants. It is high in protein and essential vitamins and has many uses in food processing and medical supplements.

Key Players of Global Fish Protein Hydrolysate Market

Fish Protein Hydrolysate Market Scope and Market Size

The fish protein hydrolysate market is segmented on the basis of form, source, technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

On the basis of form, the fish protein hydrolysate market is segmented into liquid, paste and powder

On the basis of source, the fish protein hydrolysate market is segmented into codfish, tuna, crustacean, sardine, tilapia, Atlantic salmon, anchovy, mollusks and other

On the basis of technology, the fish protein hydrolysate market is segmented into enzymatic hydrolysis, autolytic hydrolysis, and acid hydrolysis

On the basis of application, the fish protein hydrolysate market is segmented into food & beverage, feed, pharmaceuticals and cosmetics. Feed segment is dominating the fish protein hydrolysate market as fish protein hydrolysate is very popular for feeding livestock in Asian countries.

On the basis of the distribution channel, the fish protein hydrolysate market is segmented into direct and indirect. Direct distribution channel dominates the fish protein hydrolysate market since the direct purchase of both food and feed products is preferred by the consumers.

Fish Protein Hydrolysate Market Regional Analysis/Insights

The Fish Protein Hydrolysate market is analyzed and market size insights and trends are provided by country, form, source, technology and application as referenced above.

The countries covered in the fish protein hydrolysate market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The most dominating region is North America. This is due to the highly evolved retail structure and increased adoption of fish protein due to the rise in obesity prevalence. The demand for fish protein in this region is growing because of increased consumer spending on dietary foods and cosmetics. However, increase in fish farming and a surge in the adoption of fish meal in the animal feed industry, China is expected to grow at the fastest CAGR throughout the forecast period.

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Key Pointers Covered in the Global Fish Protein Hydrolysate Market Industry Trends and Forecast

Fish Protein Hydrolysate Market Dynamics

Fishes can be found in plenty, so manufacturers have begun to commercialize fish farming and extract protein from them. Significant growth in the pharmaceutical industry worldwide is one of the key factors driving the market’s positive outlook.

Fish protein hydrolysate has fast absorption properties that aid in developing lean muscle mass while also lowering the risks of hypertension and high blood pressure in consumers and is thus widely used in sports nutrition and protein supplements. It is also used to treat irritable bowel syndrome (IBS) and crohn’s disease and hypoallergenic protein food for infants with celiac disease, lactose and gluten intolerance.

Fish protein hydrolysate used as a cryoprotectant in aquaculture and animal feed increases market growth. FPH helps prevent the spread of infectious diseases and boosts animal immunity against bacteria, fungi, viruses and parasites.

The rising use of the product in the aquaculture feed business is one of the primary factors contributing to the segment’s growth, as indicated above. This is due to the fact that fish farming presently supplies more than half of the world’s fish food supply, which is predicted to increase in the coming years. As a result, fish protein hydrolysate is expected to play an essential role in supplying high-quality amino acids and overall nutritive value to the aqua culture sector.

However, a scarcity of raw materials, such as tuna from the Pacific Ocean and Japan Sea or Atlantic salmon from Scandinavian countries such as Denmark, Norway and Sweden, is expected to limit market growth. Furthermore, aquatic products are highly perishable and must be stored, processed and sold quickly. In this case, unforeseeable roadblocks prevent the smooth movement of fresh food supply chains, resulting in food waste and a decrease in market demand.

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