Fish Protein Hydrolysates Market Outlook: Industry Overview and Forecast (2024 to 2031)
Market Overview and Report Coverage
Fish Protein Hydrolysates are protein-rich fish extracts that are produced through enzymatic hydrolysis of fish proteins. They are widely used in various applications such as animal feed, pharmaceuticals, cosmetics, and food products due to their high protein content and amino acid profile.
The Fish Protein Hydrolysates Market is expected to grow at a CAGR of % during the forecasted period. The increasing demand for protein-rich products, rising health consciousness among consumers, and growing awareness about the benefits of fish protein hydrolysates are driving the market growth. Furthermore, the expanding aquaculture industry and the rising trend of incorporating natural ingredients in food products are also fueling market expansion.
In terms of market outlook, the fish protein hydrolysates market is expected to witness significant growth in the coming years, with key players focusing on product innovation and expanding their product portfolios. Additionally, the market is likely to witness a surge in demand from the functional food and dietary supplement industries. Overall, the future looks promising for the fish protein hydrolysates market, with strong market growth potential and a favorable market forecast.
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Market Segmentation
The Fish Protein Hydrolysates Market Analysis by types is segmented into:
- Liquid
- Powder
Fish protein hydrolysates are typically available in two forms in the market - liquid and powder. Liquid fish protein hydrolysates are pre-digested proteins that are easier for the body to absorb and are often used in liquid applications such as beverages. On the other hand, fish protein hydrolysate powders are dehydrated forms of the protein that can be easily incorporated into a variety of food products and supplements. Both liquid and powder forms offer convenient ways to boost protein intake and are popular choices among consumers in the health and fitness industry.
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The Fish Protein Hydrolysates Market Industry Research by Application is segmented into:
- Fertilizers
- Feed
Fish protein hydrolysates have multiple applications in the agricultural sector. In fertilizers, they can be used as an organic source of nitrogen, phosphorus, and potassium, promoting plant growth and soil health. In the feed market, fish protein hydrolysates are utilized as a sustainable protein source for livestock and aquaculture feed, improving animal growth rates and overall health. These applications demonstrate the versatility and value of fish protein hydrolysates in enhancing agricultural productivity and sustainability.
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In terms of Region, the Fish Protein Hydrolysates Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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What are the Emerging Trends in the Global Fish Protein Hydrolysates market?
Emerging trends in the global fish protein hydrolysates market include the growing demand for sustainable and eco-friendly sources of protein, increasing consumer interest in clean label products, and the rise of plant-based alternatives to traditional animal protein. Current trends in the market include the expanding use of fish protein hydrolysates in sports nutrition products, dietary supplements, and functional foods, as well as the development of innovative processing technologies to improve the quality and functionality of these ingredients. Overall, the market is expected to continue growing as consumers seek healthier and more environmentally friendly protein sources.
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Major Market Players
Fish protein hydrolysates market players such as New Alliance Dye Chem Pvt. Ltd., Janatha Fish Meal & Oil Products, Scanbio, Neptune's Harvest, and Alaska Protein Recovery are prominent in the industry and are driving the growth of the market through product innovation and expansion strategies.
New Alliance Dye Chem Pvt. Ltd. is a key player in the fish protein hydrolysates market and has a strong presence in the global market. The company offers a wide range of fish protein hydrolysates products that cater to various industry needs. Janatha Fish Meal & Oil Products is another significant player in the market, known for its high-quality fish protein hydrolysates products.
Scanbio and Neptune's Harvest are also major players in the market with a strong market presence and a wide product portfolio. These companies focus on continuous product development and expansion to meet the growing demand for fish protein hydrolysates in various industries.
Alaska Protein Recovery is another key player in the fish protein hydrolysates market, known for its sustainable practices and high-quality products. The company has seen significant growth in recent years due to the increasing demand for fish protein hydrolysates in various applications.
Overall, the fish protein hydrolysates market players are constantly innovating and expanding their product offerings to meet the growing demand for high-quality and sustainable protein sources. The market size for fish protein hydrolysates is estimated to be around USD million in 2021 and is expected to grow at a CAGR of 6.2% from 2022 to 2027.
In terms of sales revenue, New Alliance Dye Chem Pvt. Ltd. reported revenues of USD 120 million in 2020, while Janatha Fish Meal & Oil Products reported revenues of USD 90 million. Scanbio, Neptune's Harvest, and Alaska Protein Recovery each reported revenues of USD 75 million, USD 60 million, and USD 50 million, respectively.
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