Fish Protein Hydrolysate Market Report: Size, Share and Outlook by 2031

The fish protein hydrolysate market is projected to expand from US$ 498.07 million in 2022 to US$ 748.66 million by 2030, reflecting an anticipated compound annual growth rate (CAGR) of 5.2% during the period from 2022 to 2030.

Fish protein hydrolysate (FPH) is a product derived from the enzymatic breakdown of fish proteins, resulting in smaller peptides and amino acids. This hydrolysate is produced by treating fish flesh with enzymes such as trypsin, chymotrypsin, or pepsin under specific pH and temperature conditions. FPH is rich in bioactive peptides and amino acids, which have been recognized for their health benefits in humans and as supplements in animal feed. The versatility of fish protein hydrolysates allows for their application across various sectors, including food and beverages, pharmaceuticals and nutraceuticals, animal feed, personal care, and agriculture. Consequently, the fish protein hydrolysate market is poised for significant global growth.

In terms of application, the global fish protein hydrolysate market is categorized into several segments: animal feed, food and beverages, pharmaceuticals and nutraceuticals, personal care, and agriculture. Within the animal feed segment, there are further subdivisions, including poultry, ruminants, swine, aquaculture, pets, and others. In 2022, the animal feed segment dominated the global fish protein hydrolysate market. The rise of transmissible diseases in livestock, such as in beef, poultry, and cattle, has increased the demand for supplementary additives in animal feed to enhance immune responses, improve feed efficiency, and promote beneficial microflora, thereby increasing pathogen resistance. This trend is expected to drive the demand for fish protein hydrolysate in animal feed. Additionally, the growing poultry feed industry is anticipated to further elevate the need for fish protein hydrolysate, as there has been a notable increase in the production of broiler and layer feeds. According to the "2023 Alltech Agri-Food Outlook" report published in January 2023, layer feed production saw a rise of 0.31%, while the broiler feed sector experienced a growth of 1.27%. Given its high protein content, fish protein hydrolysate is extensively utilized in poultry feed formulations.

The Asia Pacific region is expected to exhibit the highest CAGR in the global fish protein hydrolysate market throughout the forecast period. This growth can be attributed to the traditional use of fish protein in health, skincare, and hair care products, with much of the fish protein hydrolysate produced in this region being consumed locally. The increasing awareness of the health and personal care benefits associated with fish protein hydrolysate is driving its consumption at an accelerated rate. Hydrolyzed fish protein is primarily used in skin conditioners, moisturizers, and hair care products. The anticipated growth in the production of cosmetic products in both developed and developing nations, including Japan, South Korea, and India, is likely to further enhance the demand for fish protein hydrolysate in this region. These factors are expected to significantly contribute to the growth of the fish protein hydrolysate market in Asia Pacific.

Key players in the global fish protein hydrolysate market include Bio-marine Ingredients, Ireland Limited, Copalis Sea Solutions, CR Brown Enterprises, Diana Group, Hofseth BioCare ASA, Janatha Fish Meal & Oil Products, Marutham Bio Ages Innovations (P) Ltd, SAMPI, Scanbio Marine Group AS, and Soprop?che. These companies are actively engaged in research and development to introduce fish protein hydrolysate products at competitive prices. Furthermore, they are implementing innovative technologies to scale up production in response to the increasing global demand. Therefore, the strategic initiatives undertaken by these leading companies are expected to propel the fish protein hydrolysate market forward.
 
The overall size of the global fish protein hydrolysate market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry stakeholders to validate the findings and gain deeper analytical insights. Participants in this research included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the fish protein hydrolysate market for animal feed applications.