Fish Protein Hydrolysate Market

Market Overview:

The global fish protein hydrolysate market size reached US$ 317.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 448.8 Million by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032. The widespread adoption of FPH as a cryoprotectant in aquaculture and animal feed, extensive research and development (R&D) activities, and rapid utilization of fish protein in the treatment of various conditions are some of the major factors propelling the market.

Fish protein hydrolysate (FPH) is a valuable bioactive compound derived from fish proteins through a process known as Form hydrolysis. This process breaks down the complex proteins found in fish into smaller peptides and amino acids, making them more easily digestible and bioavailable for various applications in the food, pharmaceutical, and cosmetic industries. FPH is a versatile ingredient due to its numerous benefits. It serves as a rich source of high-quality protein, making it an excellent nutritional supplement. FPH is not only protein-rich but also contains essential amino acids, which are vital for overall health and muscle development. Moreover, its easy digestibility makes it suitable for individuals with dietary restrictions or digestive issues. It possesses antioxidant, antimicrobial, and anti-inflammatory properties, making it an attractive ingredient for functional foods and nutraceuticals.

The global market is primarily driven by the growing usage of FPH as an ingredient in sports nutrition and protein supplements . This can be attributed to the rapid absorption properties of the product, which facilitates the development of lean muscle mass and mitigates the risk of hypertension and high blood pressure among consumers. Additionally, FPH finds application in the treatment of conditions such as irritable bowel syndrome (IBS) and Crohn's disease. Besides this, the increasing preference of FPH as a hypoallergenic protein source for infants with celiac disease or lactose and gluten intolerance is fueling the market. Moreover, the widespread adoption of FPH as a cryoprotectant in aquaculture and animal feed is creating lucrative opportunities in the market. Furthermore, extensive research and development (R&D) activities focusing on new applications and benefits of FPH, such as its therapeutic potential are impelling innovation in the market. Also, regulatory agencies are increasingly recognizing the safety and benefits of FPH, thereby leading to more approvals and clear guidelines for its use in various products. This regulatory support is resulting in enhanced confidence among manufacturers and consumers, further providing a boost to the market growth.

Fish Protein Hydrolysate Market Trends/Drivers:

Increasing demand for nutritional and functional supplements

In an era marked by an increased focus on health and well-being, consumers are seeking products that offer not only sustenance but also additional health benefits. FPH, derived from fish proteins through enzymatic hydrolysis, has gained significant attention due to its nutritional richness and bioactive properties. FPH is a potent source of high-quality protein, containing essential amino acids crucial for muscle development and overall health. Furthermore, it is replete with bioactive peptides, renowned for their antioxidant, anti-inflammatory, and antimicrobial effects. This makes FPH an attractive ingredient for dietary supplements, functional foods, and nutraceuticals, where it can be used to enhance the nutritional profile and health-promoting properties of these products. As consumers continue to prioritize wellness and preventative healthcare, the demand for FPH in this segment is expected to rise, thus serving as a substantial driving force for the market's expansion.

Expanding applications in the cosmetic and personal care industry

FPH's rich amino acid composition and bioactive properties make it an ideal ingredient for skincare and haircare products. The cosmetic industry is increasingly recognizing the potential of FPH to rejuvenate and improve the skin and hair. FPH's bioactive peptides can assist in moisturizing, reducing signs of aging, and promoting overall skin health. These attributes have led to the incorporation of FPH into a range of cosmetics, including creams, serums, masks, and shampoos. Consumers are increasingly seeking natural and sustainable alternatives in their personal care products, aligning with the eco-friendly and ethically sourced nature of FPH, often derived from fishery by-products. This alignment with consumer preferences, coupled with the desire for effective and scientifically backed cosmetic solutions, positions the cosmetic and personal care industry as a robust driver for the FPH market's continuous expansion.

Sustainable sourcing and utilization of fishery byproducts

In an era characterized by heightened awareness of environmental issues and resource conservation, FPH manufacturers are actively engaging in sustainable sourcing practices. FPH is frequently produced from fish processing waste, such as heads, frames, and skins, which would otherwise be discarded, contributing to the reduction of seafood waste. This aligns with the broader sustainability goals of the seafood industry, as well as the overarching trend towards more eco-conscious and ethical consumption. Moreover, the efficient utilization of these by-products reduces the environmental footprint of the fishing industry, as it minimizes waste and promotes resource efficiency. As sustainability continues to be a driving force shaping consumer preferences and industry practices, FPH, sourced responsibly from fishery by-products, remains a key player in promoting environmentally friendly and ethical sourcing and production methods, further propelling the market's growth.

Fish Protein Hydrolysate Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global fish protein hydrolysate market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on technology, form, fish type and application.

Breakup by Technology:

• Acid Hydrolysis
• Autolytic Hydrolysis
• Enzymatic Hydrolysis
   

Enzymatic hydrolysis dominates the market

The report has provided a detailed breakup and analysis of the market based on the technology. This includes acid hydrolysis, autolytic hydrolysis, and enzymatic hydrolysis. According to the report, enzymatic hydrolysis represented the largest segment.

Enzymatic hydrolysis is a sophisticated and precise method that relies on the use of specific enzymes to break down the complex protein structures found in fish into smaller peptides and amino acids. This process offers several distinct advantages over alternative methods. It allows for the controlled and customizable production of FPH with desired properties, such as peptide size, nutritional profile, and bioactivity. This level of control is essential for tailoring FPH to meet the diverse requirements of various industries, including food, nutraceuticals, and cosmetics. Moreover, enzymatic hydrolysis is a milder and gentler process compared to harsher chemical or thermal methods, which can denature proteins and compromise the quality and bioactivity of the resulting FPH. Enzymes work under specific temperature and pH conditions, preserving the integrity of the protein structure and bioactive components.

Breakup by Form:

• Liquid
• Powder
   

Powder dominates the market

The report has provided a detailed breakup and analysis of the market based on the form. This includes liquid and powder. According to the report, liquid, and powder. According to the report, powder represented the largest segment.

Powdered FPH is highly versatile and convenient, making it suitable for a wide range of applications across various industries. Its dry, fine consistency allows for easy incorporation into diverse products, including dietary supplements, sports nutrition products, functional foods, and pet food. This adaptability ensures that powdered FPH can meet the demands of a diverse consumer base seeking nutritional and functional benefits. In this form, FPH is less susceptible to degradation and spoilage compared to liquid or fresh alternatives. This prolonged shelf life not only reduces the risk of product waste but also extends the availability of FPH for manufacturers, allowing them to plan production and distribution more effectively. Additionally, powdered FPH offers enhanced solubility and dispersibility in liquid and semi-liquid matrices. This property makes it easier to blend FPH into formulations, ensuring uniform distribution and consistent product quality.

Breakup by Fish Type:

• Anchovy
• Herrings
• Menhaden
• Sardine
• Shads
• Others
   

Anchovy dominates the market

The report has provided a detailed breakup and analysis of the market based on the fish type. This includes anchovy, herrings, menhaden, sardine, shads, and others. According to the report, anchovy represented the largest segment.

Anchovies are a small, oily fish species found in abundance in various oceans and seas. Their relatively high oil content, especially rich in omega-3 fatty acids, makes them an ideal candidate for FPH production. Omega-3 fatty acids are renowned for their numerous health benefits, including cardiovascular support and anti-inflammatory properties. Consequently, anchovy-derived FPH becomes a valuable source of these essential fatty acids, making it highly sought-after in the nutraceutical and functional food sectors. Consumers are increasingly turning to omega-3 supplements and fortified foods for their potential health advantages, further boosting the demand for anchovy-based FPH. Furthermore, anchovies are known for their distinct and savory flavor profile. This characteristic lends itself well to culinary applications, particularly in the creation of umami-rich seasonings and condiments.

Breakup by Application:

• Food
• Pharmaceuticals
• Animal Feed and Pet Food
• Cosmetics
• Others
   

Animal feed and pet food dominates the market

The report has provided a detailed breakup and analysis of the market based on the application. This includes food, pharmaceuticals, animal feed and pet food, cosmetics, and others. According to the report, animal feed and pet food represented the largest segment.

FPH's high protein content, digestibility, and palatability contribute to improved animal growth, feed efficiency, and overall health. As global demand for animal-derived products such as meat, eggs, and dairy continue to rise, the need for efficient and sustainable animal nutrition becomes increasingly critical. FPH's role in optimizing animal nutrition aligns with this demand, making it an essential ingredient for the livestock and aquaculture sectors. In the realm of pet food, FPH is gaining prominence as a premium ingredient. Pet owners are increasingly seeking high-quality, nutritious, and functional pet food options for their beloved companions. FPH offers a protein source that not only provides essential amino acids but also contains bioactive peptides that may promote pet health. These peptides can have various beneficial effects, such as supporting joint health, enhancing skin and coat condition, and augmenting the immune system. This aligns with the growing trend toward functional and holistic pet nutrition, where pet owners are willing to invest in products that cater to their pets' specific dietary and health needs.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Asia Pacific exhibits a clear dominance, accounting for the largest fish protein hydrolysate market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

Asia Pacific’s strong presence in the aquaculture industry contributes to this advantage, as aquaculture generates significant quantities of fishery by-products, which can be utilized for FPH production, aligning with sustainability goals. Moreover, Asia Pacific boasts a robust food and beverage industry, including a rapidly growing market for functional and health-enhancing products. The demand for protein-rich and nutraceutical products is on the rise in this region due to changing dietary preferences, increasing health awareness, and an expanding middle-class population with greater purchasing power. FPH aligns perfectly with these trends, given its protein content and potential health benefits, driving its incorporation into various food and supplement formulations. Additionally, Asia Pacific's dominance in the FPH market is fueled by its diverse applications beyond just food. The region's escalating cosmetics and personal care industry has also embraced FPH due to its skin-boosting properties and natural origin, catering to consumer’s desire for skincare products enriched with bioactive ingredients.

Competitive Landscape:

FPH manufacturers are continuously working to innovate and improve their products. This includes developing FPH with specific properties, such as higher protein content, different peptide profiles, or enhanced bioactive properties to cater to the diverse needs of different industries, including food, nutraceuticals, and cosmetics. Companies are also investing in quality control measures, traceability systems, and certifications to meet regulatory standards and assure consumers of the product's safety and authenticity. Additionally, numerous companies are focusing on sustainable sourcing of fish for FPH production. This includes responsible fishing practices, reducing waste in fish processing, and using by-products to minimize the environmental impact of their operations.. They key players are also exploring new applications for FPH. Beyond traditional uses in food and supplements, they are entering the cosmetics and personal care market by incorporating FPH into skincare and haircare products, capitalizing on its potential skin-rejuvenating and moisturizing properties.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Alaska Protein Recovery LLC
• Bio-marine Ingredients Ireland Ltd.
• Copalis
• Dramm Corporation
• Gelita AG
• Great Pacific BioProducts Ltd.
• Hofseth Biocare ASA
• Janatha Fish Meal & Oil Products
• SAMPI
• Scanbio Marine Group AS
• Symrise AG
• United Fisheries Ltd.

Recent Developments:

• In July 2023, Dramm Corporation introduced DrammOutdoors, a new line of fittings, risers and irrigation nozzles for nursery and field-grown crops. The Dramm outdoors line includes a unique plumbing system that allows for quick installation and dismantling of irrigation plumbing and riser systems.
• In May 2023, Gelita AG announced that their VERISOL HST, optimized for the use in the popular gummy format, won this year's NutraIngredients Europe Award “Ingredient of the Year” in the category “Beauty from Within”. The NutraIngredients Europe Award recognizes the top products the industry has to offer in customized nutrient solutions for skin, nail, and hair care for all ages.
• In February 2022, Bio-marine Ingredients Ireland Ltd., which is majority owned by Killybegs fishermen, succeeded in raising €6.5m via a loan note. The funding came from clients of Cantor Fitzgerald, who worked with Bio-Marine on the convertible loan note. The company plans to raise institutional funding later this year for a €50m plant in Donegal.

Fish Protein Hydrolysate Market Report Scope:

Key Questions Answered in This Report:

• How has the global fish protein hydrolysate market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global fish protein hydrolysate market?
• What is the impact of each driver, restraint, and opportunity on the global fish protein hydrolysate market?
• What are the key regional markets?
• Which countries represent the most attractive fish protein hydrolysate market?
• What is the breakup of the market based on the technology?
• Which is the most attractive technology in the fish protein hydrolysate market?
• What is the breakup of the market based on the form?
• Which is the most attractive form in the fish protein hydrolysate market?
• What is the breakup of the market based on the fish type?
• Which is the most attractive fish type in the fish protein hydrolysate market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the fish protein hydrolysate market?
• What is the competitive structure of the global fish protein hydrolysate market?
• Who are the key players/companies in the global fish protein hydrolysate market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the fish protein hydrolysate market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global fish protein hydrolysate market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the fish protein hydrolysate industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.