The fish protein hydrolysate market was increasing in value from USD 244.2 million in 2021 to USD 342.00 million by 2029, at a CAGR of 4.30% over the predicted period of 2022 to 2029.
Fish is a greater source of protein than other animals and vegetables. Fish protein hydrolysate was first solely utilised in animal feed. However, fish is now widely utilised in many other businesses as more people become aware of its high protein content. The application of fish protein hydrolysate has expanded to include a wide range of goods, such as food and drink, pharmaceuticals, nutraceuticals, cosmetics, pet food, and animal and poultry feed. Species differences in fish protein content are apparent.
An organic fertiliser that can enhance plant nutrition is fish hydrolysate. Fish hydrolysate, a bioactive substance that acts as an organic fertiliser for plants, is created when minced fish is broken down in the presence of enzymes such proteases and lactobacillus. It has several applications in food processing and pharmaceutical supplements and is rich in protein and vital vitamins.
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Fish Protein Hydrolysate Market Dynamics
Wide availability of fish species
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.
High demand from various end-user industries
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.
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COVID-19 Impact on Fish Protein Hydrolysate Market
Almost every industry has suffered a setback in the previous 18 months. This is due to significant disruptions in their respective manufacturing and supply-chain operations due to various precautionary lockdowns and other restrictions imposed by governing authorities around the world. The same is true for the global market for fish protein hydrolysate.
Furthermore, consumer demand has subsequently decreased as people are now more focused on eliminating non-essential expenses from their respective budgets as the general economic status of most people has been severely impacted by this outbreak. These variables are projected to have an impact on the worldwide Fish Protein Hydrolysate market’s revenue trajectory over the forecast period.
Global Fish Protein Hydrolysate Market Scope
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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.