fish protein hydrolysate market was growing at a value of USD 244.2 million in 2021 and is expected to reach the value of USD 342.00 million by 2029, at a CAGR of 4.30% during the forecast period of 2022 to 2029.
When compared to other animals and plants, fish is a better source of protein. In the beginning, fish protein hydrolysate was only used in animal feed. However, as more people become aware of the high protein content of fish, it has become widely used in various industries. Fish protein hydrolysate is now used in various products, including food and beverages, medicines, nutraceuticals, cosmetics, pet food, and animal and poultry feed. The protein found in fish varies depending on the species.
Fish hydrolysate is an organic fertilizer with the ability to improve plant nutrition. Fish hydrolysate is a bioactive compound produced by the decomposition of minced fish in conjunction with enzymes such as proteases and lactobacillus, which provides organic fertilizer to plants. It is high in protein and essential vitamins and has many uses in food processing and medical supplements.
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Fish Protein Hydrolysate Market Dynamics
Drivers
Wide availability of fish species
Fishes can be found in plenty, so manufacturers have begun to commercialize fish farming and extract protein from them. Significant growth in the pharmaceutical industry worldwide is one of the key factors driving the market's positive outlook.
High demand from various end-user industries
Fish protein hydrolysate has fast absorption properties that aid in developing lean muscle mass while also lowering the risks of hypertension and high blood pressure in consumers and is thus widely used in sports nutrition and protein supplements. It is also used to treat irritable bowel syndrome (IBS) and crohn's disease and hypoallergenic protein food for infants with celiac disease, lactose and gluten intolerance.
Fish protein hydrolysate used as a cryoprotectant in aquaculture and animal feed increases market growth. FPH helps prevent the spread of infectious diseases and boosts animal immunity against bacteria, fungi, viruses and parasites.
Opportunity
The rising use of the product in the aquaculture feed business is one of the primary factors contributing to the segment's growth, as indicated above. This is due to the fact that fish farming presently supplies more than half of the world's fish food supply, which is predicted to increase in the coming years. As a result, fish protein hydrolysate is expected to play an essential role in supplying high-quality amino acids and overall nutritive value to the aqua culture sector.
COVID-19 Impact on Fish Protein Hydrolysate Market
Almost every industry has suffered a setback in the previous 18 months. This is due to significant disruptions in their respective manufacturing and supply-chain operations due to various precautionary lockdowns and other restrictions imposed by governing authorities around the world. The same is true for the global market for fish protein hydrolysate.
Furthermore, consumer demand has subsequently decreased as people are now more focused on eliminating non-essential expenses from their respective budgets as the general economic status of most people has been severely impacted by this outbreak. These variables are projected to have an impact on the worldwide Fish Protein Hydrolysate market's revenue trajectory over the forecast period.
Global Fish Protein Hydrolysate Market Scope
Form
- Liquid
- Paste
- Powder
Source
- Codfish
- Tuna
- Crustacean
- Sardine
- Molluscs
- Other
Technology
- Enzymatic Hydrolysis
- Autolytic Hydrolysis
- Acid Hydrolysis
Application
- Food
- Cosmetics
- Pharmaceutical
- Agriculture
Distribution channel
- Direct
- Indirect
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