Fish Protein Hydrolysate Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

Fish protein hydrolysate market is valued at 448.06 million US dollars in 2023 and is estimated to reach 623.31 million US dollars in 2032, growing at a CAGR of 4.22 % from 2024 to 2032. This growth shows the increasing demand for fish protein hydrolysates, mainly driven by the increasing popularity of high-quality foods, the increasing demand for dietary supplements and the increasing use of hydrolysates in various industries such as food and beverages, pharmaceuticals and animal feed. Also, with the development of hydrolysis technology, the efficiency and quality of the extraction of the extracted protein are greatly improved, and there is a growing demand for sustainable exploitation of marine resources. Also, some companies such as Omega Protein Corporation and Hayashi and Company are actively promoting their research and development, forming strategic cooperation, and increasing their production capacity, so as to increase their market share. These efforts are not only to meet the increasing demand, but also to meet the trend of sustainable and healthy food.

Regional Market Size

Regional Deep Dive

The Fish Protein Hydrolysate Market is a worldwide market with significant growth potential in various regions. In North America, the market is characterized by a strong focus on innovation and sustainability. Companies are therefore developing eco-friendly production methods. In Europe, the regulatory framework for the use of fish protein hydrolysates in nutraceuticals and food supplements is very advanced. In the Asia-Pacific region, aquaculture is growing rapidly, which further stimulates demand. In the Middle East and Africa, the use of fish protein hydrolysates is growing gradually, influenced by the growing health consciousness and the change in diet. On the other hand, Latin America is taking advantage of the marine resources to strengthen its market position.

Europe

• In Europe, the European Food Safety Authority (EFSA) has established guidelines that support the use of fish protein hydrolysates in food supplements, enhancing consumer trust and market growth.
• Innovations in extraction technologies by companies such as Marinova are improving the quality and bioavailability of fish protein hydrolysates, making them more appealing to health-conscious consumers.

Asia Pacific

• The Asia-Pacific region is experiencing rapid growth in aquaculture, with countries like China and India investing heavily in fish protein hydrolysate production to support their expanding aquaculture sectors.
• Recent collaborations between local governments and private companies aim to promote sustainable fishing practices, which are expected to increase the availability of raw materials for fish protein hydrolysates.

Latin America

• Latin America is leveraging its extensive coastline and fishery resources to develop fish protein hydrolysate products, with companies like Biomar and Nutreco leading the charge.
• The region is witnessing an increase in research and development activities focused on optimizing fish protein hydrolysate extraction processes, which is expected to enhance product quality and market competitiveness.

North America

• The North American market is seeing a rise in demand for fish protein hydrolysates in the pet food industry, with companies like Omega Protein Corporation leading the way in product innovation.
• Recent regulatory changes by the FDA have streamlined the approval process for fish protein hydrolysates, encouraging more manufacturers to enter the market and expand their product lines.

Middle East And Africa

• In the Middle East, there is a growing trend towards incorporating fish protein hydrolysates in health supplements, driven by increasing health awareness among consumers.
• Government initiatives in countries like South Africa are promoting the use of fish by-products, including hydrolysates, to reduce waste and enhance food security.

Did You Know?

“Fish protein hydrolysates are not only used in human food products but also play a crucial role in aquaculture, providing essential nutrients that promote fish growth and health.” — FAO (Food and Agriculture Organization)

Segmental Market Size

Fish-meal-like-substances (FPH) play a crucial role in the broader protein market, which is growing steadily and is driven by consumers’ increasing demand for natural and sustainable sources of protein. There are several reasons for this: growing awareness of the health benefits of fish-meal and the high digestibility and rich amino acid profile, as well as the implementation of government regulations aimed at promoting sustainable fishing practices. In addition, technological developments in the field of hydrolysis processes have improved the quality and functionality of FPH, making it more attractive to both manufacturers and consumers. FPH is currently in a commercialisation phase, with companies such as Omega Protein and Aker BioMarine taking the lead in production and innovation. The main applications of FPH are dietary supplements, functional foods and animal feed, where it serves as a source of high-quality protein. In the future, the growing focus on sustainability and clean label products, along with the impact of the influenza pandemic on health awareness, will help drive growth in this area. Enzymatic hydrolysis and membrane filtration are two important technological developments that will have a significant impact on the evolution of FPH.

Future Outlook

The Fish Protein Hydrolysate Market is expected to grow at a CAGR of 4.38% between 2023 and 2032. The growth will be mainly driven by increasing consumer awareness of the health benefits of fish, such as high digestibility and richness in essential amino acids, which are now increasingly used in dietary supplements and functional foods. The demand for natural protein sources will increase, especially in regions with a growing health consciousness, such as North America and Europe. Technological advances in hydrolysis processes are expected to further improve the efficiency and quality of fish protein hydrolysates, thus making them more attractive to manufacturers in the food and beverage, pharmaceutical, and animal feed industries. Also, government initiatives to encourage sustainable fishing and the use of fishery by-products will stimulate the market. Emerging trends, such as the use of fish protein hydrolysates in plant-based food alternatives and the rise of personalized nutrition, will also influence the market and open up new opportunities for innovation and expansion. Meanwhile, market participants need to be flexible and ready to take advantage of the changing regulatory and consumer preferences that will shape the future of the industry.