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Global Fish Protein Hydrolysate Market is Expected to Reach USD 706.04 MN By Forecast Year 2028

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Global Fish Protein Hydrolysate Market is Expected to Reach USD 706.04 MN By Forecast Year 2028

October 22
03:12 2021
Global Fish Protein Hydrolysate Market is Expected to Reach USD 706.04 MN By Forecast Year 2028
Fish Protein Hydrolysate market Data And Industry Growth Analysis | Stratistics Market Research Consulting
Fish Protein Hydrolysate Market Forecasts to 2028 – Global Analysis By Form (Liquid, Paste, Powder), Technology (Acid Hydrolysis, Autolytic Hydrolysis, Enzymatic Hydrolysis), Source, Application and By Geography

According to Stratistics MRC, the Global Fish Protein Hydrolysate Market is accounted for $433.08 million in 2020 and is expected to reach $706.04 million by 2028 growing at a CAGR of 6.3% during the forecast period. Significant growth in the pharmaceutical industry, rising fish farming & animal husbandry activities, and increasing middle-class population coupled with high-income levels are the major factors propelling the market growth. However, insufficient supply of raw materials and high production cost are hampering the market growth. 

Some of the key players profiled in the Fish Protein Hydrolysate Market include Alaska Protein Recovery LLC, Bio-marine Ingredients Ireland Ltd, BrownsFish Genesis, Copalis, Dramm Corporation, Gelita AG, Great Pacific BioProducts Ltd, Hofseth Biocare ASA, Sampi, Scanbio Marine Group AS, Shenzhen Taier, Sopropeche, Symrise AG, U.S. Ag Florida, Inc., and United Fisheries Ltd. 

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Based on form, the powder segment is estimated to have a lucrative growth due to the rising demand for powdered fish protein hydrolysate in manufacturing pharmaceutical-grade products, including protein powder and other supplements, which aid in blood and muscle recovery after accidents. Moreover, the growing consumption of natural ingredients, which have low toxicity and are economical in nature, in cosmetics and agricultural applications is projected to spur the demand for powder-based fish protein hydrolysate. Moreover, powdered products have distinguished attributes, such as longer shelf-life, easier transportation, and storage, thereby exhibiting decreased chances of spoilage. 

Forms Covered:• Liquid• Paste• PowderTechnologies Covered:• Acid Hydrolysis• Autolytic Hydrolysis• Enzymatic HydrolysisSources Covered:• Atlantic Salmon• Codfish• Crustacean Anchovy• Herrings• Menhaden• Molluscs• Sardine• Shads• Tilapia• TunaApplications Covered:• Animal Feed• Agriculture• Cosmetics• Food• Pet Food• Pharmaceuticals

The Global Fish Protein Hydrolysate Market is majorly driven by significant growth in the pharmaceutical industry, rising fish farming & animal husbandry activities, and increasing middle-class population coupled with high-income levels. The sardine segment is growing at a highest CAGR owing to compatibility with salt and/or seawater aquatic life and are easily digestible in nature, which is anticipated to drive the product demand. North America dominated with a significant market share due to the factors such as promising trends and growing consumption of collagen-enriched and anti-aging products in the region. Asia Pacific market is growing at a highest CAGR owing to the usage as nutritional & dietary supplements in the regional food sector. The industry is also expected to grow on account of the rising self-care movement, changes in the food regulations, and continuous scientific evidence highlighting the critical link between diet and health.

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