Fish protein hydrolysate is a valuable and flexible product that is produced by the enzymatic breakdown of fish waste and by-products. Its excellent nutritional value and functional qualities have garnered substantial attention across numerous industries as a sustainable and eco-friendly alternative. This enzymatic hydrolysis process breaks proteins down into smaller peptides and amino acids, yielding a product high in bioactive chemicals and important nutrients. Fish protein hydrolysate is used in the food and beverage business as a nutritional supplement in functional meals and protein powders, and it is also used in the animal feed industry to improve the nutritional profile of feed formulations for aquaculture and cattle. The pharmaceutical industry is also investigating the possible health benefits of functional medications and nutraceuticals.
According to SPER market research, ‘Fish Protein Hydrolysate Market Size- By Technology, By Form, By Source, By Application, By Protein Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033 state that the Fish Protein Hydrolysate Market is predicted to reach USD 0.67 billion by 2033 with a CAGR of 5.33%.
For starters, the growing emphasis on sustainable and environmentally friendly practises in the food and beverage, animal feed, and cosmetics industries has increased demand for alternative protein sources, and fish protein hydrolysate provides a viable solution by utilising fish waste and by-products that would otherwise go to waste. Second, because of its rich amino acid profile and bioactive peptides, it is a beneficial component for boosting health and wellbeing, which corresponds with increased consumer interest in functional foods and nutritional supplements.
The COVID-19 pandemic had an uneven impact on the fish protein hydrolysate market. On the one hand, the pandemic disrupted global supply networks, creating logistical challenges in the sourcing and delivery of fish waste and byproducts, which are needed raw materials for the manufacturing of fish protein hydrolysate. Lockdowns, travel restrictions, and staffing shortages in some areas hindered fishing activity, potentially affecting raw material availability and, as a result, fish protein hydrolysate output. On the other hand, the pandemic increased consumer interest in health and nutrition, leading in increased demand for functional and natural components such as fish protein hydrolysate.
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Geographically, the production and consumption of fish protein hydrolysate are not limited to a specific region. Instead, it is produced and utilized in various parts of the world. Scandinavian countries like Norway and Iceland are known for their well-developed fishing industries and have been involved in fish protein hydrolysate production. Additionally, other countries with a substantial fishing and aquaculture presence, such as Peru, Chile, and Japan, may also be involved in the production and export of fish protein hydrolysate. Additionally, some of the market key players are Bio Marine Ingredients limited, Copalis sea Solution, CR Brown Enterprises, Diana Group, Hof Seth Bio Care ASA, Janatha Fish Meal and Oil Products, Marutham Bio Ages Innovations (P) Ltd., Scan Bio Marine Group AS, Sopropeche.
Fish Protein Hydrolysate Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Technology: Based on the Technology, Global Fish Protein Hydrolysate Market is segmented as; Acid Hydrolysis, Autolytic Hydrolysis, Enzymatic Hydrolysis.
By Form: Based on the Form, Global Fish Protein Hydrolysate is segmented as; Liquid, Paste, Powder.
By Source: Based on the Source, Global Fish Protein Hydrolysate is segmented as; Anchovy, Atlantic Salmon, Codfish, Crustacean, Molluscs, Sardine, Tilapia, Tuna, Other.
By Applications: Based on the Application, Global Fish Protein Hydrolysate is segmented as; Animal Feed, Pet Food, Food, Cosmetics, Agriculture, Pharmaceutical.
By Protein Type: Based on the Protein Type, Global Fish Protein Hydrolysate is segmented as; Collagen, Elastic, Keratin.
By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.
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Fish Protein Hydrolysate Market Research Reports
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