Fish Protein Hydrolysate Market By Source (Fish Meal, Fish Processing By-products), By Type (Powdered Fish Protein Hydrolysate, Liquid Fish Protein Hydrolysate), By Application (Animal Feed, Aquaculture, Pet Food, Food & Beverages, Cosmetics & Personal Care, Fertilizers), By End-Use Industry (Animal Nutrition, Aquaculture & Fisheries, Food & Beverage Industr,; Cosmetics & Personal Care, Agriculture & Horticulture), and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Fish Protein Hydrolysate Market was valued at USD 2.6 billion and will surpass USD 4.7 billion by 2030; growing at a CAGR of 9.0% during 2024 - 2030.

The fish protein hydrolysate market is witnessing significant growth, driven by the increasing demand for high-quality protein sources across diverse industries, including animal nutrition, aquaculture, food and beverages, and cosmetics. Fish protein hydrolysates, derived from fish meal or fish processing by-products, offer a rich supply of essential amino acids, peptides, and other nutrients. These benefits make them highly sought after for applications in animal feed, functional foods, and cosmetic formulations.

As industries continue to prioritize sustainable sourcing and alternative protein solutions, fish protein hydrolysates are gaining traction for their environmental benefits, as they utilize fish by-products that might otherwise go to waste. The growing demand for eco-friendly and high-performance ingredients is fueling the market, with advancements in processing technologies ensuring higher yields and better quality products for various applications.

Powdered Fish Protein Hydrolysate Segment is Largest Due to Versatility and Ease of Use

The powdered fish protein hydrolysate segment holds the largest market share, owing to its versatility and ease of use in various applications. This form of fish protein hydrolysate is widely used in animal feed, particularly for livestock, poultry, and aquaculture, due to its high digestibility and ability to support growth and immune health in animals. Its powdered form also makes it easy to incorporate into feed formulations and products.

In addition to its widespread use in animal feed, powdered fish protein hydrolysate is increasingly used in functional foods, pet food, and cosmetics. The demand for natural, protein-rich ingredients in human and pet nutrition is driving this segment's growth. Powdered forms are especially popular due to their longer shelf life, ease of transport, and compatibility with various production systems, solidifying their position as the largest sub-segment in the fish protein hydrolysate market.

Aquaculture Application Segment is Fastest Growing Due to Expansion of Fish and Shrimp Farming

The aquaculture application segment is the fastest-growing due to the increasing demand for fish and seafood products, coupled with the rise of sustainable farming practices. Fish protein hydrolysates are highly beneficial for aquaculture, as they promote the growth, health, and immunity of fish and shrimp in farming environments. With the global population's demand for high-protein food sources rising, fish farming has become one of the fastest-growing sectors in the food industry, particularly in regions like Asia Pacific, Europe, and North America.

The benefits of fish protein hydrolysates, such as their ability to enhance feed quality and increase survival rates in farming conditions, make them indispensable in modern aquaculture. Additionally, aquaculture's growing emphasis on sustainability and reducing the environmental impact of farming practices is driving the adoption of fish protein hydrolysates, positioning this segment as the fastest-growing in the market.

Animal Feed Industry is Largest End-Use Industry Due to High Demand in Livestock and Poultry

The animal feed industry is the largest end-use industry for fish protein hydrolysates, driven by the rising demand for high-quality, protein-rich feed ingredients for livestock, poultry, and swine. Fish protein hydrolysates are known for their excellent digestibility, promoting better growth rates, improved feed conversion ratios, and enhanced animal health. As a result, they are increasingly used in the production of feed for a variety of animals.

This trend is particularly evident in the poultry and swine sectors, where fish protein hydrolysates are added to commercial feeds to support animal nutrition and reduce the need for synthetic amino acid supplements. The demand for high-quality animal protein and the increasing focus on animal welfare and sustainable feed sources are expected to continue driving the growth of the animal feed industry and, by extension, the fish protein hydrolysate market.

North America is Largest Region Due to Strong Demand from Animal Feed and Aquaculture

North America is the largest region in the fish protein hydrolysate market, driven by the strong demand from the animal feed and aquaculture industries. The United States, in particular, has seen a significant increase in the use of fish protein hydrolysates in both commercial animal feeds and fish farming operations. The demand for sustainable and high-performance feed ingredients, along with the rising popularity of fish farming, particularly in the Atlantic and Pacific coasts, has fueled the region’s growth.

Additionally, North America is home to a growing market for functional foods and dietary supplements, which use fish protein hydrolysates for their health benefits. The U.S. and Canada are leaders in the development and adoption of advanced aquaculture technologies, making them key drivers of the fish protein hydrolysate market in North America. The region's focus on sustainability and innovation positions North America as the dominant player in the global market.

Competitive Landscape and Key Players

The fish protein hydrolysate market is competitive, with several key players focusing on product innovation, expansion, and sustainability initiatives to strengthen their market positions. Leading companies such as KT CORPORATION, Omega Protein Corporation, Diana Aqua, and Aqualia are prominent players in this space, offering a range of fish protein hydrolysate products for animal feed, food and beverages, cosmetics, and agriculture.

These companies are increasingly focused on utilizing sustainable sourcing practices, improving production technologies, and expanding their product portfolios to cater to the growing demand for functional, natural ingredients. Strategic partnerships, mergers, and acquisitions are also key strategies for gaining market share and enhancing research and development capabilities. As consumer demand for clean-label and eco-friendly products grows, the competitive landscape will likely evolve to emphasize these values. Leading players are also investing in innovation to meet the needs of the expanding aquaculture sector and provide more targeted solutions for different animal species and farming conditions.

Recent Developments:

  • Garra Rufa Group launched a new fish protein hydrolysate line for the aquaculture and pet food industries.
  • ScanBio Marine Group expanded its production capacity to meet the growing demand for fish protein hydrolysate in animal nutrition.
  • Omega Protein Corporation introduced a new range of organic fish protein hydrolysates for the cosmetic and personal care market.
  • Alltech partnered with a major pet food brand to supply fish protein hydrolysate as a key ingredient in premium pet food.
  • Nutrifish announced the development of a sustainable, marine-based fish protein hydrolysate targeting the functional food sector.

List of Leading Companies:

  • Garra rufa Group
  • KD Pharma
  • ScanBio Marine Group
  • Oleogran
  • The Scoular Company
  • Omega Protein Corporation
  • CP Group
  • Nutrifish
  • Viromed
  • Copeinca
  • Qingdao Yiyuan Seafoods Co., Ltd.
  • BioMar Group
  • Alltech
  • Nutreco N.V.
  • Protein Plus

Report Scope:

Report Features

Description

Market Size (2023)

USD 2.6 billion

Forecasted Value (2030)

USD 4.7 billion

CAGR (2024 – 2030)

9.0%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Fish Protein Hydrolysate Market By Source (Fish Meal, Fish Processing By-products), By Type (Powdered Fish Protein Hydrolysate, Liquid Fish Protein Hydrolysate), By Application (Animal Feed,  Aquaculture, Pet Food, Food & Beverages, Cosmetics & Personal Care, Fertilizers), By End-Use Industry (Animal Nutrition, Aquaculture & Fisheries, Food & Beverage Industr,; Cosmetics & Personal Care,  Agriculture & Horticulture)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Major Companies

Garra rufa Group, KD Pharma, ScanBio Marine Group, Oleogran, The Scoular Company, Omega Protein Corporation, CP Group, Nutrifish, Viromed, Copeinca, Qingdao Yiyuan Seafoods Co., Ltd., BioMar Group, Alltech, Nutreco N.V., Protein Plus

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3. Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Fish Protein Hydrolysate Market, by Source (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. Fish Meal

   4.2. Fish Processing By-products

5. Fish Protein Hydrolysate Market, by Type (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. Powdered Fish Protein Hydrolysate

   5.2. Liquid Fish Protein Hydrolysate

6. Fish Protein Hydrolysate Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Animal Feed

      6.1.1. Livestock Feed

      6.1.2. Poultry Feed

      6.1.3. Swine Feed

   6.2. Aquaculture

      6.2.1. Fish Farming Feed

      6.2.2. Shrimp Farming Feed

   6.3. Pet Food

      6.3.1. Dog Food

      6.3.2. Cat Food

   6.4. Food & Beverages

      6.4.1. Functional Foods

      6.4.2. Beverages

   6.5. Cosmetics & Personal Care

      6.5.1. Skin Care Products

      6.5.2. Hair Care Products

   6.6. Fertilizers

      6.6.1. Organic Fertilizers

      6.6.2. Agricultural Fertilizers

7. Fish Protein Hydrolysate Market, by End-Use Industry (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Animal Nutrition

      7.1.1. Poultry

      7.1.2. Swine

      7.1.3. Ruminants

   7.2. Aquaculture & Fisheries

      7.2.1. Fish Farming

      7.2.2. Shellfish Farming

   7.3. Food & Beverage Industry

      7.3.1. Ready-to-Eat Foods

      7.3.2. Snack Foods

   7.4. Cosmetics & Personal Care

      7.4.1. Skincare

      7.4.2. Haircare

   7.5. Agriculture & Horticulture

      7.5.1. Soil Health

8. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   8.1. Regional Overview

   8.2. North America

      8.2.1. Regional Trends & Growth Drivers

      8.2.2. Barriers & Challenges

      8.2.3. Opportunities

      8.2.4. Factor Impact Analysis

      8.2.5. Technology Trends

      8.2.6. North America Fish Protein Hydrolysate Market, by Source

      8.2.7. North America Fish Protein Hydrolysate Market, by Type

      8.2.8. North America Fish Protein Hydrolysate Market, by Application

      8.2.9. North America Fish Protein Hydrolysate Market, by End-Use Industry

      8.2.10. By Country

         8.2.10.1. US

               8.2.10.1.1. US Fish Protein Hydrolysate Market, by Source

               8.2.10.1.2. US Fish Protein Hydrolysate Market, by Type

               8.2.10.1.3. US Fish Protein Hydrolysate Market, by Application

               8.2.10.1.4. US Fish Protein Hydrolysate Market, by End-Use Industry

         8.2.10.2. Canada

         8.2.10.3. Mexico

    *Similar segmentation will be provided for each region and country

   8.3. Europe

   8.4. Asia-Pacific

   8.5. Latin America

   8.6. Middle East & Africa

9. Competitive Landscape

   9.1. Overview of the Key Players

   9.2. Competitive Ecosystem

      9.2.1. Level of Fragmentation

      9.2.2. Market Consolidation

      9.2.3. Product Innovation

   9.3. Company Share Analysis

   9.4. Company Benchmarking Matrix

      9.4.1. Strategic Overview

      9.4.2. Product Innovations

   9.5. Start-up Ecosystem

   9.6. Strategic Competitive Insights/ Customer Imperatives

   9.7. ESG Matrix/ Sustainability Matrix

   9.8. Manufacturing Network

      9.8.1. Locations

      9.8.2. Supply Chain and Logistics

      9.8.3. Product Flexibility/Customization

      9.8.4. Digital Transformation and Connectivity

      9.8.5. Environmental and Regulatory Compliance

   9.9. Technology Readiness Level Matrix

   9.10. Technology Maturity Curve

   9.11. Buying Criteria

10. Company Profiles

   10.1. Garra rufa Group

      10.1.1. Company Overview

      10.1.2. Company Financials

      10.1.3. Product/Service Portfolio

      10.1.4. Recent Developments

      10.1.5. IMR Analysis

    *Similar information will be provided for other companies 

   10.2. KD Pharma

   10.3. ScanBio Marine Group

   10.4. Oleogran

   10.5. The Scoular Company

   10.6. Omega Protein Corporation

   10.7. CP Group

   10.8. Nutrifish

   10.9. Viromed

   10.10. Copeinca

   10.11. Qingdao Yiyuan Seafoods Co., Ltd.

   10.12. BioMar Group

   10.13. Alltech

   10.14. Nutreco N.V.

   10.15. Protein Plus

11. Appendix

A comprehensive market research approach was employed to gather and analyze data on the Fish Protein Hydrolysate Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Fish Protein Hydrolysate Market. The research methodoloagy encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach -

Secondary Research

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Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Fish Protein Hydrolysate Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down -

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

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