Global Fish Protein Hydrolysate Market Synopsis

Global Fish Protein Hydrolysate Market Size Was Valued at USD 302.14 Million In 2023 And Is Projected to Reach USD 492.96 Million By 2032, Growing at A CAGR of 5.59% From 2024- 2032.

Fish hydrolysate is an organic fertilizer that can enhance plant nutrition. Fish hydrolysate is a bioactive molecule formed by the breakdown of minced fish in the - presence of enzymes such as proteases and lactobacillus, and it acts as an organic fertilizer for plants. It has a lot of protein and critical vitamins and is widely used in food preparation and medicinal treatments.

• Fish protein hydrolysate (FSH) is obtained after the breakdown of fish proteins. It is a collective term for long peptides, short peptides, and amino acids. The high protein promotes the development of animal cells. Moreover, fish protein hydrolysate has shown noticeable effects in boosting the immune system, aiding digestion, and enhancing the metabolic process.
• Additionally, peptides present in hydrolysate have qualities like antioxidant, anti-obesity, anticoagulation, anti-microbial, anticancer, and antihypertension. Attributed to these qualities, nutraceuticals and pharmaceuticals companies have started manufacturing multivitamins containing fish protein thus, promoting the growth of the fish protein hydrolysate market over the projected period.
• The fish protein hydrolysate is utilized as an ingredient in microbiological media for the culture of various microorganisms. Furthermore, fish protein hydrolysate is utilized as a rich source of protein in poultry feed and pet animal foods. Due to the presence of high protein content and organic nature, fish protein hydrolysate is utilized as a vital ingredient in agriculture fertilizers to boost plant growth.
• With the growing awareness related to the toxicity of chemical fertilizers, there has been a switch in the use of organic and chemical-free fertilizers. Moreover, the high presence of anti-oxidant and collagen in fish protein hydrolysate, have several applications in the cosmetic industry hence supporting the expansion of fish protein hydrolysate during the forecast period.

Global Fish Protein Hydrolysate Market Trend Analysis

Growth in Aquaculture Industry

• As the worldwide need for seafood continues to rise, the aquaculture industry has expanded to meet this demand, resulting in an abundance of fishery by-products such as heads, frames, and viscera. These by-products are rich in proteins and serve as key sources for producing fish protein hydrolysate.
• The rapid growth of aquaculture not only ensures a steady supply of raw materials but also encourages the utilization of fishery by-products that would otherwise go to waste. Extracting valuable proteins from these by-products aligns with sustainable practices, addressing concerns about waste reduction and environmental conservation.
• Moreover, the expansion of the aquaculture industry provides a dependable and sustainable source of various fish species for creating protein hydrolysates. Different fish species offer different nutritional profiles and peptide compositions, allowing for the production of hydrolysates with diverse functionalities applicable across various industries such as food, supplements, cosmetics, and pharmaceuticals.
• In essence, the expansion of the aquaculture sector not only meets the rising global demand for seafood but also ensures a consistent and ample supply of raw materials, supporting the growth and sustainability of the fish protein hydrolysate market.

The consistent rise in global fish production, reaching 184.6 million metric tons in 2022 from 172.6 million metric tons in 2017, underscores its pivotal role in propelling the aquaculture industry's growth and subsequently fueling the Fish Protein Hydrolysate Market. This upward trajectory signals a burgeoning demand for fishery by-products essential for producing protein hydrolysates. The escalating figures year on year indicate the resilience and expansion of the aquaculture sector, enabling a steady supply of raw materials for fish protein hydrolysate production.

The growing global fish production not only supports the sustenance of aquaculture but also fortifies the Fish Protein Hydrolysate Market by providing abundant sources for high-quality protein extracts. This consistent upward trend in production acts as a driving force, facilitating the robustness of both the aquaculture industry and the market for fish protein hydrolysate, establishing a symbiotic relationship between the two sectors.

Rising Demand for Natural Ingredients

• Consumers are increasingly valuing products containing natural, minimally processed ingredients due to concerns about health, sustainability, and environmental impact. Fish protein hydrolysate, obtained from fishery by-products through natural enzymatic processes, fits this trend well by offering a natural and sustainable protein source that can be used in various ways.
• As people pay more attention to the origin and composition of the products they use, there's a rising preference for clean-label items without artificial additives or synthetic compounds. Fish protein hydrolysate, packed with proteins, peptides, and amino acids as a natural derivative, becomes an appealing ingredient for manufacturers aiming to meet this demand. Its versatility across industries like food, beverages, dietary supplements, cosmetics, and pharmaceuticals caters to the growing need for natural and functional ingredients.
• Furthermore, the focus on sustainability in sourcing raw materials for fish protein hydrolysate production resonates with environmentally conscious consumers. Utilizing fishery by-products that would otherwise be wasted aligns with ethical and sustainable practices, enhancing the attractiveness of fish protein hydrolysate in a market driven by the increasing demand for natural, eco-friendly, and traceable ingredients.

Global Fish Protein Hydrolysate Market Segment Analysis

Fish Protein Hydrolysate Market Segmented on the basis of technology, form, source and application.

By Technology, Enzymatic Hydrolysis segment is expected to dominate the market during the forecast period

• The enzymatic hydrolysis segment is anticipated to maintain dominance in the fish protein hydrolysate market during the forecast period due to several key factors. Enzymatic hydrolysis involves the breakdown of fish proteins into peptides and amino acids using enzymes, ensuring a controlled and specific process resulting in high-quality hydrolysates. This method offers advantages such as precision in controlling the degree of hydrolysis and maintaining the nutritional integrity of the proteins, which contributes to the segment's dominance.
• Enzymatic hydrolysis is preferred over chemical methods due to its ability to produce fish protein hydrolysates with better nutritional profiles and fewer undesirable by-products. Additionally, it aligns well with the increasing consumer demand for natural and minimally processed ingredients, as enzymatic hydrolysis involves using natural enzymes without the use of harsh chemicals. These factors, combined with the superior quality and versatility of enzymatically derived fish protein hydrolysates, position this segment to lead the market during the forecast period.

By Form, Powder segment held the largest share of 85% in 2022

• The powder form segment has consistently maintained the largest market share in the fish protein hydrolysate market. Powdered fish protein hydrolysate offers numerous advantages, including ease of handling, storage, transportation, and versatility in application across various industries. Its dry form ensures longer shelf life and stability, making it convenient for manufacturers and consumers alike.
• Powdered fish protein hydrolysate finds extensive applications in food and beverage products, dietary supplements, animal feed, cosmetics, and pharmaceutical formulations. Its powdered form allows for easy blending and incorporation into different formulations, facilitating the creation of a wide range of products. Moreover, powdered fish protein hydrolysate offers flexibility in dosage and can be easily measured and standardized for specific applications, contributing to its dominance in the market. Its adaptability and suitability for diverse end-use applications have propelled the powder form segment to maintain its leading position within the fish protein hydrolysate market.

Global Fish Protein Hydrolysate Market Regional Insights

Asia-Pacific is Expected to Dominate the Market Over the Forecast period

• The fish protein hydrolysate market in the Asia Pacific region is set to establish itself as a prominent force in the upcoming period. One of the main driving factors is the region's growing aquaculture industry, which provides ample raw materials for producing fish protein hydrolysate. The expansion of aquaculture in nations such as China, India, Vietnam, and Indonesia have notably increased the availability of fishery by-products, thus fostering the production of protein hydrolysates.
• Additionally, the increasing demand for nutritional supplements, functional foods, and natural ingredients in Asia Pacific countries is contributing significantly to market growth. With the surge in health-conscious consumer trends, people in this region are increasingly seeking products with high protein content and naturally SARDINE ingredients, thereby boosting the demand for fish protein hydrolysate.
• Moreover, advancements in food technology, heightened investments in research and development, and the active involvement of key market players in expanding their regional footprint are further strengthening the Asia Pacific's position as a dominant market for fish protein hydrolysate in the years ahead.

Global Fish Protein Hydrolysate Market Top Key Players:

• Copalis Sea Solutions (France)
• Gelita Ag (Germany)
• Cr Brown Enterprises (U.S.)
• Janatha Fish Meal & Oil Products (India)
• Alaska Protein Recovery Llc (U.S.)
• Shenzhen Taier (China)
• Hofseth Biocare Asa (Norway)
• Neptune's Harvest (U.S.)
• Nutrifish (France)
• Sopropêche (France)
• Great Pacific Bioproducts Ltd (Canada)
• Triplenine (Denmark)
• Aller Aqua (Denmark)
• Bio-Marine Ingredients Ireland Ltd. (Ireland)
• Bowls Central (England)
• Buildasoil, Llc (U.S.)
• Dramm Corporation (U.S.)
• Green Life Soil Co (Australia)
• Marutham Bio Ages Innovations (P) Ltd. (India)
• Nippi Corporation (Japan)
• Sampi (Italy)
• United Fisheries (New Zealand)
• Symrise Ag (Germany)
• Omega Protein Corporation (U.S.)
• Scanbio Marine Group As (Norway) and Other Major Players

Key Industry Developments in the Global Fish Protein Hydrolysate Market:

• In July 2023, Dramm Corporation introduced DrammOutdoors, a new line of fittings, risers, and irrigation nozzles for nursery and field-grown crops. The Dramm outdoors line includes a unique plumbing system that allows for quick installation and dismantling of irrigation plumbing and riser systems.
• In May 2023, Gelita AG announced that their VERISOL HST, optimized for the use in the popular gummy POWDERt, won this year's NutraIngredients Europe Award “Ingredient of the Year” in the category “Beauty from Within”. The NutraIngredients Europe Award recognizes the top products the industry has to offer in customized nutrient solutions for skin, nail, and hair care for all ages.