Fish Protein Hydrolysate Market Expand $388.97 Million By 2032 CAGR 5.4%

Fish Protein Hydrolysate Market Size Worth $ 388.97 Million By 2032 | CAGR: 5.4%


The global Fish Protein Hydrolysate market size is expected to reach USD 388.97 million by 2032, according to a new study by Polaris Market Research. The report “Fish Protein Hydrolysate Market Share, Size, Trends, Industry Analysis Report, By Source (Sardine, Menhaden, Herrings, Shads, Anchovy, Others); By Form; By technology; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The substantial rise in individuals experiencing conditions like celiac disease, gluten intolerance, and lactose intolerance has generated a heightened demand for alternative protein sources, such as fish protein hydrolysates. The National Institute of Diabetes and Digestive and Kidney Diseases reports that approximately two million people in the US are afflicted by celiac disease. Moreover, it is estimated that one in 133 individuals in the US has celiac disease.

Fish meat undergoes diverse processes to produce fish protein hydrolysate (FPH). Through methods like enzymatic or acid hydrolysis, these processes break down fish protein into small peptides and amino acids. The resulting FPH is a nutrient-rich substance containing proteins, peptides, and amino acids.

FPHs offer numerous nutritional advantages, making them a favored ingredient in healthy recipes by helping fulfill daily dietary protein requirements. These products are bioavailable and readily absorbed by the human body. Additionally, the amino acids found in the hydrolysate are crucial for muscle growth and repair, immune function, and hormone synthesis, driving their popularity among health-conscious individuals.

With applications spanning across various industries such as cosmetics, animal feed, pet food, and pharmaceuticals, FPH stands out for its high micronutrient content and diverse health benefits. These include regulating blood pressure, imparting anti-aging qualities to the skin, and promoting bone growth. FPH plays a vital role in formulations like infant formula, weight management supplements, medical foods, and other sports nutrition products.

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The fish protein hydrolysate market experienced a moderate impact from the COVID-19 pandemic. Disruptions in the supply chains of raw materials necessary for FPH occurred as a result of government-imposed lockdown restrictions and transportation bans. This led to delays in the production and delivery of FPH products. However, the pandemic underscored the importance of a nutritious food diet and a healthy lifestyle for enhanced immunity, consequently boosting the demand for fish protein hydrolysate due to its high-quality protein and essential amino acids.

Fish Protein Hydrolysate Market Report Highlights

  • In 2023, the Anchovy segment dominated with the largest revenue share. The increasing demand for premium agricultural fertilizers, coupled with a shifting consumer preference towards organic alternatives in response to changing perceptions of chemical-based fertilizers in the agricultural sector, is anticipated to drive sustained growth in the demand for protein hydrolysate derived from anchovies in the coming years. Moreover, the swift expansion of the utilization of anchovy-based protein hydrolysate in the manufacturing of cost-effective and high-performance fertilizers, attributed to its capacity to enhance soil quality, is expected to serve as a significant driver for overall market demand.
  • During the forecast period, the Powder segment secured the highest market share. The rising demand for powdered Fish Protein Hydrolysate (FPH) in the manufacturing of pharmaceutical-grade products, such as protein powder and supplements that aid in blood and muscle recovery after accidents, is poised to fuel the growth of this segment in the upcoming years.Furthermore, the increasing preference for natural ingredients with low toxicity and economic viability in cosmetics and agricultural applications is expected to stimulate the demand for FPH in its powdered form.
  • In 2023, North America emerged as the leading market. Projected trends and a growing inclination towards collagen-enriched and anti-aging products in the region are anticipated to drive the demand for the product within the cosmetics industry throughout the forecast period. Fish Protein Hydrolysate (FPH) is employed in the formulation of serums, anti-aging creams, and face masks owing to its elevated protein concentration and amino acid content.
  • The global key market players 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.

Polaris Market Research has segmented the Fish Protein Hydrolysate market report based on source, form, technology, application, and region:

Fish Protein Hydrolysate, Source Outlook (Revenue - USD Million, 2019 - 2032)

  • Sardine
  • Menhaden
  • Herrings
  • Shads
  • Anchovy
  • Others

Fish Protein Hydrolysate, Form Outlook (Revenue - USD Million, 2019 - 2032)

  • Powder
  • Liquid

Fish Protein Hydrolysate, Technology Outlook (Revenue - USD Million, 2019 - 2032)

  • Autolytic Hydrolysis
  • Acid Hydrolysis
  • Enzymatic Hydrolysis

Fish Protein Hydrolysate, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Animal Feed & Pet Food
  • Food
  • Pharmaceuticals
  • Cosmetics
  • Others

Fish Protein Hydrolysate, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Fish Protein Hydrolysate Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 255.00 million

Revenue forecast in 2032

USD 388.97 million

CAGR

5.4% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million/billion and CAGR from 2024 to 2032

Segments Covered

By Source, By Form, By Technology, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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