Research Nester assesses the growth and market size of the global fish protein hydrolysate market which is anticipated to be on account of the increasing demand for natural and sustainable products and growing demand for functional food and beverages.

Research Nester’s recent market research analysis on “Fish Protein Hydrolysate Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and a detailed overview of the global fish protein hydrolysate market in terms of market segmentation by application, source, form, technology, and by region.

Growing Demand for Animal Protein to Promote Global Market Share of Fish Protein Hydrolysate

The growth of the market is attributed to the increasing demand for animal protein and especially protein derived from fish. Fish protein hydrolysates are expected to experience significant growth in the coming years as the demand for fish as a protein source increases. More than 2 billion people around the world get about 20% of their animal protein from eating fish per person, and about 3 billion do the same.

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In addition, among the factors believed to drive the growth of the fish protein hydrolysates market is the increasing generation of waste in the fish processing industry. A good source of amino acids, proteins, antioxidants, and peptides is FPH, which is derived from fish processing waste such as heads, skin, intestines, bones, and liver.

Some of the major growth factors and challenges that are associated with the growth of the global fish protein hydrolysate market are:

Growth Drivers:

•         Rising Population Living with Lactose Intolerance

•         Growing Consumption of Nutraceuticals

Challenges:

Although there are health benefits to eating fish, there are also some risks. Both the food fish eat and the water they live in can contain harmful contaminants. Over time, your body can build up levels of contaminants like PCBs and mercury. All products made from poisonous fish should not be consumed, since high levels of PCBs and mercury can adversely affect the brain and nervous system. Additionally, infants and fetuses are particularly vulnerable to the effects of mercury since their bodies are in the prime phase of growth.

By application, the global fish protein hydrolysate market is segmented into animal feed, aquaculture, and pet food. The animal feed segment is to garner the highest revenue by the end of 2037 by growing at a significant CAGR over the forecast period. The growth of the segment is owed to the increase in poultry farming and the increase in pig numbers. One of the key elements supporting the benefits of fish protein hydrolysates in many nutritional applications including poultry, swine, and other feeds is their high concentration of amino acids. In 2021 there were about 677.6 million pigs worldwide. Additionally, there were about 74 in the US in 2021.77 million pigs and pigs. In the same year, China, the world's largest pig producer, had about 406 million pigs. In addition, according to the Food and Agriculture Organization of the United Nations, there were more than 33 billion chickens in the world in 2020. Asia accounted for around 46% of this.

By region, the Europe fish protein hydrolysate market is to generate the highest revenue by the end of 2037. The growth of the market is mainly attributed to the increasing acceptance of pets. More than 84 million cats and 73 million dogs were kept as pets in the European Union. There were also around 34 million ornamental birds and 22 million different small mammals. On the other hand, the increasing production of fish by-products is also expected to drive market growth in the region. Waste from the fisheries sector accounts for around 5 million tons a year in the European Union.

The growth of the market can be attributed majorly to the rising cases of lactose intolerance. In this case, the need for sufficient levels of protein and calcium intake is likely to be best substituted by fish. India has a high frequency of lactose intolerance, also known as milk intolerance, with about 60% of the population being lactose intolerant. Furthermore, lactose intolerance affects 92% of individuals in China. In addition to the low tolerance for milk, the growing demand for protein is also expected to boost the market growth in the region. By 2025, it is anticipated that China is likely to consume around 70 million metric tons of protein, up from about 57 million metric tons in 2018. China is anticipated to be responsible for approximately 31% of the increase in protein consumption worldwide over this time.

This report also provides the existing competitive scenario of some of the key players of the global fish protein hydrolysate market which includes company profiling of Sopropeche, Symrise Aqua Feed, Copalis Sea Solutions, Scanbio Marine Group AS, Bio-marine Ingredients Ireland Ltd., Shenzhen Taier, Great Pacific BioProducts Ltd., BrownsFish Genesis, Dramm Corporation, Verdane, and others. 

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