Fish Protein Hydrolysate Market Size, Share & Growth [2031]

Report Description

The global fish protein hydrolysate market size was nearly USD 279.7 Million in 2022 and is likely to reach USD 392.2 Million by 2031, expanding at a CAGR of 5.9% during, 2023 – 2031. Increasing demand for animal feed additives is projected to fuel the market.

The rapid increase in the number of people having conditions such as celiac disease, gluten intolerance, and lactose intolerance creating a high demand for other protein substitutes, including fish protein hydrolysates. According to the National Institute of Diabetes and Digestive and Kidney Diseases, around two million people are suffering from celiac disease in the US. Furthermore, one in 133 people has celiac disease in the US.

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Fish meat undergoes various processes to manufacture fish protein hydrolysate (FPH). These processes break down the fish protein into tiny peptides and amino acids. The final FPH is a nutrient-rich substance with proteins, peptides, and amino acids, which it gets from various processing methods including enzymatic or acid hydrolysis.

FPHs provide numerous nutrient capabilities, which makes them a preferred ingredient in healthy recipes, as they help meet the daily dietary protein requirements. FPH products are bioavailable and easily absorbed by the human body. Moreover, amino acids present in the hydrolysate are essential for muscle growth and repair, immune function, and hormone synthesis. This is boosting their demand among the health-conscious population.

FPH has applications in several industries, such as cosmetics, animal feed, pet food, and pharmaceutical, as it has high micronutrients and offers various health benefits, including blood pressure regulation, anti-aging qualities for the skin, and bone growth. It plays a crucial role in infant formula, weight management supplements, medical foods, and other sports nutrition products.

The COVID-19 pandemic moderately impacted the fish protein hydrolysate market. The pandemic disrupted the supply chains of raw materials required for FPH, due to the lockdown restrictions and transportation ban imposed by the government. This delayed the production and delivery of FPH products. The pandemic highlighted the benefits of a nutritious food diet and healthy lifestyle for better immunity, which boosted the demand for fish protein hydrolysate, due to their high-quality protein and essential amino acids.

Fish Protein Hydrolysate Market Dynamics

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Major Drivers

Increasing demand from various end-use industries, such as food and beverage, sports nutrition, dietary supplements, and animal feed is expected to drive the market in the coming years. These industries use fish protein hydrolysates, due to the health benefits offered by fish protein.

FPH is used to enhance the natural content of protein bars, shakes, and functional foods in the food & beverage industry. These hydrolysates support muscle recovery and growth, making them a preferred choice in the sports nutrition sector. Furthermore, it has applications in cosmetics, due to its collagen content. It presents softening and moisturizing properties and provides anti-aging benefits, which makes it suitable for skincare nutraceuticals.

Rising consumption of nutraceuticals is driving the fish protein hydrolysate market. The pharmaceutical industry produces nutraceutical products that are consumed for its potential health benefits and well-being. FPH is one of the main ingredients in the production of nutraceuticals, as it contains essential substances, including amino acids and proteins. Furthermore, the rising number of consumers seeking dietary supplements and the increasing adoption of fish-based products are likely to boost the market.

• For instance, in 2020, around 80% of American adults took dietary supplements. The nutritional supplement industry has experienced significant growth, particularly in protein supplements and vitamins.

Existing Restraints

High manufacturing cost and allergy concerns among consumers are expected to hinder the market. Production of fish protein hydrolysate involves different kinds of processes, including fish sourcing, hydrolysis, and refining.

These processes require high expenditure, as well as time, as raw materials such as Tuna and Atlantic Salmon are sourced from the Pacific Ocean. These factors make FPH relatively expensive as compared to other protein options.

Moreover, the high consumption of FPH causes allergic reactions in some individuals with low fish protein tolerances. These allergies cause adverse mild or severe harmful effects, which encourage consumers to limit the use of FPH.

Emerging Opportunities

Ongoing research activities and implementation of advanced production technologies are expected to create favorable opportunities for the key players competing in the market. Ongoing research and development in fish protein hydrolysate are uncovering new and innovative applications.

This includes exploring its potential use in functional foods, nutraceuticals, and pharmaceuticals. Development of formulations, such as encapsulated fish protein hydrolysate creates growth opportunities for manufacturers.

Scope of Fish Protein Hydrolysate Market Report

The report on the market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Fish Protein Hydrolysate Market Segment Insights

Technology Segment Analysis

On the basis of technology, the fish protein hydrolysate market is divided into acid hydrolysis, autolytic hydrolysis, and enzymatic hydrolysis. The acid hydrolysis segment is expected to hold a major share of the market during the forecast period, due to its ease of use, lower cost, and higher extraction efficiency than other methods.

The acid hydrolysis process involves treating raw fish in acids as a catalyst to break the fish protein into smaller peptides and amino acids to formulate FPH. This process helps in improving dispersibility and solubility. Furthermore, these processes ensure high extraction efficiency to reduce waste materials. These advantages make this process a preferable choice among manufacturers.

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Form Segment Analysis

Based on form, the market is classified as liquid, paste, and powder. The powder segment is anticipated to expand at a robust growth rate in the coming years, owing to the increasing demand for powder FPH from the pharmaceutical industry to produce health supplements and protein powder.

Fish protein hydrolysate is processed and transformed into a dry and fine powder. It offers convenience and ease of use, as it is easy to measure, mix, and incorporate into various medical products. Moreover, the low moisture content in powdered form enhances the shelf life of the product, which fuels the segment.

The liquid segment is expected to expand at a considerable CAGR during the forecast period, due to quick absorption, suitability for specific applications, flavor integration, and flexibility in dosage. Liquid fish protein hydrolysate is a ready-to-use form of the product, which eliminates the need for additional preparation or mixing. It is easily incorporated into various food and beverage products without requiring additional processing steps.

The pre-dissolved nature of liquid fish protein hydrolysate enables quick digestion and absorption by the body. High water solubility and favorable amino acids make liquid fish protein hydrolysate a preferred choice among individuals seeking quick protein supplements for post-workout recovery.

Source Segment Analysis

In terms of source, the fish protein hydrolysate market is fragmented into shads, tuna, codfish, molluscs, tilapia, Atlantic salmon, sardines, menhaden, herrings, anchovy, and others.

The anchovy segment is estimated to hold a key share of the market during the forecast period, due to its massive availability as a raw material with high protein content as compared to others. Anchovie is a widely available fish species all over the world, which makes it a reliable source of raw material for fish protein hydrolysate production.

Availability of anchovies in large quantities ensures a consistent supply of raw materials to meet the growing demand for fish protein hydrolysate. High nutrition and protein content available in anchovies makes them a preferred choice for extracting protein-rich fish hydrolysate. Rising demand for anchovies-based FPH in various products such as dietary supplements, protein foods, and animal feeds is likely to boost the segment. 

The sardines segment is anticipated to expand at a significant growth rate in the coming years, owing to their nutritional profiles and sustainability considerations. Protein hydrolysate made from sardines contains amino acids, peptides, omega 3, and other bioactive compounds, which are beneficial for the human body. The nutritional content of these fish increases their popularity among consumers of healthy food.

Sardine FPHs are known for their eco-friendly and sustainability characteristics, due to their high reproductive capacity, which contributes to their large population, making them a sustainable raw material. Taste and flavor of sardine-based fish protein hydrolysate are appealing to consumers. This makes sardine-derived fish protein hydrolysate a suitable choice for applications where flavor and taste play a significant role.

Application Segment Analysis

Based on application, the market is divided into cosmetics, food, pharmaceuticals, animal feed & pet food, and others. The animal feed & pet food segment is projected to expand at a high CAGR during the forecast period, as FPH aids in reducing infectious diseases and promotes the metabolic system of animals. Pet owners prefer to use FPH for the muscle development of pets, due to the presence of high protein content and amino acids in FPH.

Inclusion of FPHs in the formation of animal feeds helps nourish animals and promote their growth and development without any harmful effects. Rising demand for high-quality and natural ingredients in animal nutrition and pet food is expected to boost the market.

The pharmaceuticals segment is anticipated to expand at a robust growth rate during the forecast period, owing to the increasing adoption of FPH in personalized medicine. Bioactive peptides and proteins present in the fish offer several health benefits.

Pharmaceutical manufacturers extensively utilize these bioactive compounds while developing drugs, supplements, and therapeutic formulations. Several studies have reported the potential anti-inflammatory and antimicrobial properties of fish protein hydrolysate. This property makes it a popular ingredient in the development of pharmaceutical products for combating inflammation, oxidative stress, and microbial infections.

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Regional Outlook

In terms of region, the global fish protein hydrolysate market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market, owing to the well-established market for dietary supplements in the region and the rising demand for pet food and animal feed.

The US population prefers protein powder to promote their health, which significantly boosts the demand for FPH in the region. Furthermore, this region has a larger number of pet owners as compared to other regions. This drives the demand for high-quality and nutritious pet feeds.

• As per the pet ownership statistics 2023, over 66% of US Households, that is 86.9 million houses own a pet. Around 65.1 million households own a dog and followed by cat (46.5 million).

The market in Asia Pacific is anticipated to expand at a rapid pace in the coming years, owing to changing dietary preferences on account of growing awareness about the health benefits of fish protein among consumers. Furthermore, the rising usage of dietary supplements and presence of aquaculture are likely to fuel the market in the region.

• For instance, over 82% population of South Korea consume dietary supplements on a daily basis, which contribute to market expansion in Asia Pacific region.

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