Fish Protein Hydrolysate Market by Technology (Acid Hydrolysis, Autolytic Hydrolysis, and Enzymatic Hydrolysis), Form (Liquid, Paste, and Powder), Source (Shads, Tuna, Codfish, Molluscs, Tilapia, Atlantic Salmon, Sardines, Menhaden, Herrings, Anchovy, and Others), Application (Cosmetics, Food, Pharmaceuticals, Animal Feed & Pet Food, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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.
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
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.
Attributes |
Details |
Report Title |
Fish Protein Hydrolysate Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Technology (Acid Hydrolysis, Autolytic Hydrolysis, and Enzymatic Hydrolysis), Form (Liquid, Paste, and Powder), Source (Shads, Tuna, Codfish, Molluscs, Tilapia, Atlantic Salmon, Sardines, Menhaden, Herrings, Anchovy, and Others), and Application (Cosmetics, Food, Pharmaceuticals, Animal Feed & Pet Food, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
3D Corporate Solutions; Bio-marine Ingredients Ireland; Copalis Sea Solutions; Hofseth BioCare ASA; Janatha Fish Meal & Oil Products; Nutrifish Product Sdn. Bhd; New Alliance Dye Chem Pvt. Ltd.; Neutunes Harvest; Omega Protein Corporation; SAMPI; Scanbio Marine Group AS; Sociedad Pesquera Landes SA.; SOPROPECHE; Shenzhen Taier Biotechnology Co., Ltd.; Triplenine Group; BlueNalu; and United Fisheries of Kuwait |
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.
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.
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fish Protein Hydrolysate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fish Protein Hydrolysate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fish Protein Hydrolysate Market - Supply Chain
4.5. Global Fish Protein Hydrolysate Market Forecast
4.5.1. Fish Protein Hydrolysate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fish Protein Hydrolysate Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Fish Protein Hydrolysate Market Absolute $ Opportunity
5. Global Fish Protein Hydrolysate Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Fish Protein Hydrolysate Market Size and Volume Forecast by Applications
5.3.1. Cosmetics
5.3.2. Food
5.3.3. Pharmaceuticals
5.3.4. Animal Feed & Pet Food
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Fish Protein Hydrolysate Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Fish Protein Hydrolysate Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Fish Protein Hydrolysate Demand Share Forecast, 2019-2026
7. North America Fish Protein Hydrolysate Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Fish Protein Hydrolysate Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Fish Protein Hydrolysate Market Size and Volume Forecast by Applications
7.4.1. Cosmetics
7.4.2. Food
7.4.3. Pharmaceuticals
7.4.4. Animal Feed & Pet Food
7.4.5. Others
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Fish Protein Hydrolysate Demand Share Forecast, 2019-2026
8. Latin America Fish Protein Hydrolysate Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Fish Protein Hydrolysate Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Fish Protein Hydrolysate Market Size and Volume Forecast by Applications
8.4.1. Cosmetics
8.4.2. Food
8.4.3. Pharmaceuticals
8.4.4. Animal Feed & Pet Food
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Fish Protein Hydrolysate Demand Share Forecast, 2019-2026
9. Europe Fish Protein Hydrolysate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Fish Protein Hydrolysate Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Fish Protein Hydrolysate Market Size and Volume Forecast by Applications
9.4.1. Cosmetics
9.4.2. Food
9.4.3. Pharmaceuticals
9.4.4. Animal Feed & Pet Food
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Fish Protein Hydrolysate Demand Share Forecast, 2019-2026
10. Asia Pacific Fish Protein Hydrolysate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Fish Protein Hydrolysate Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Fish Protein Hydrolysate Market Size and Volume Forecast by Applications
10.4.1. Cosmetics
10.4.2. Food
10.4.3. Pharmaceuticals
10.4.4. Animal Feed & Pet Food
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Fish Protein Hydrolysate Demand Share Forecast, 2019-2026
11. Middle East & Africa Fish Protein Hydrolysate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Fish Protein Hydrolysate Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Fish Protein Hydrolysate Market Size and Volume Forecast by Applications
11.4.1. Cosmetics
11.4.2. Food
11.4.3. Pharmaceuticals
11.4.4. Animal Feed & Pet Food
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Fish Protein Hydrolysate Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Fish Protein Hydrolysate Market: Market Share Analysis
12.2. Fish Protein Hydrolysate Distributors and Customers
12.3. Fish Protein Hydrolysate Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. 3D Corporate Solutions
12.4.2. Bio-marine Ingredients Ireland
12.4.3. Copalis Sea Solutions
12.4.4. Hofseth BioCare ASA
12.4.5. Janatha Fish Meal & Oil Products
12.4.6. Nutrifish Product Sdn. Bhd
12.4.7. New Alliance Dye Chem Pvt. Ltd.
12.4.8. Neutunes Harvest
12.4.9. Omega Protein Corporation
12.4.10. SAMPI
12.4.11. Scanbio Marine Group AS
12.4.12. Sociedad Pesquera Landes SA.
12.4.13. SOPROPECHE
12.4.14. Shenzhen Taier Biotechnology Co., Ltd.
12.4.15. Triplenine Group
12.4.16. BlueNalu
12.4.17. United Fisheries of Kuwait