The fish protein hydrolysate market size is expected to reach USD 400 million by the end of 2035, growing at a CAGR of 5% during the forecast period (2023–2035). The industry size of fish protein hydrolysate was estimated to be USD 220 million in 2022. The growth of the market is attributed to the increasing demand for animal proteins, especially those derived from fish. Fish protein hydrolysate is expected to experience significant growth in the coming years owing to the increasing demand for fish as a source of protein. Globally, more than 2 billion individuals consume around 20% of their per capita animal protein from fish, and nearly 3 billion people consume the same amount.
Additionally, factors believed to be driving the growth of the fish protein hydrolysate market include the increasing generation of waste produced by the fish processing industry. A good source of amino acids, proteins, antioxidants, and peptides is FPH extracted from fish processing waste such as head, skin, entrails, bones, and liver. Globally, around 60% of biomass is expected to be generated and disposed of annually by the fish processing sector.
Growth drivers
Challenge
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Base year |
2022 |
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Forecast year |
From 2023 to 2035 |
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CAGR |
~5% |
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Base Year Market Size (2022) |
~ $220 million |
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Forecast Year Market Size (2035) |
~ $400 million |
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Area coverage |
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Applications (animal feed, aquaculture, pet food)
The animal feed segment of the fish protein hydrolysate market is expected to account for the largest revenue share in 2035. The segment growth is influenced by the increasing poultry farming and the increasing pig population. One of the key factors supporting the advantages of fish protein hydrolysate in various nutritional applications, including poultry feed, pig feed, etc., is its high amino acid concentration. As of 2021, the global pig population was approximately 677.6 million head. In the same year, China, the world’s largest pig producer, had approximately 406 million head of pigs. In addition, according to the Food and Agriculture Organization of the United Nations (FAO), there were more than 33 billion chickens in the world in 2020. Of these, Asia accounted for approximately 46%.
Sources (tilapia, tuna, anchovies, sardines, crustaceans, molluscs, Atlantic salmon, cod)
The fish protein hydrolysate market in the tuna segment is expected to hold a significant share by 2035. The growth of the segment is driven by the increasing tuna production worldwide. According to UN statistics, tuna and tuna-like species are caught annually worldwide in excess of 7 million tonnes. These migratory tuna species account for more than 8% of all internationally traded seafood and account for 20% of the value of all marine catches. In addition, the high nutritional value of tuna is also expected to drive the market growth. Among other benefits, tuna is high in omega-3 and is a good source of minerals, proteins, and vitamin B12.
The in-depth analysis of the global Fish Protein Hydrolysate market includes the following segments:
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Application |
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source |
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European Market Statistics
The fish protein hydrolysate market in Europe is expected to be the largest market with a share of around 35% by 2035. The growth of the market can be primarily attributed to the increasing adoption of pets. In the European Union, there are over 84 million cats and 73 million dogs kept as pets. Additionally, ornamental birds account for around 34 million and various small mammals account for around 22 million. Meanwhile, the increasing production of fishery by-products is also expected to drive the market growth in the region. The waste generated by the fishery sector accounts for around 5 million tonnes annually in the European Union.
North American Market Outlook
The North American fish protein hydrolysate market is expected to hold a notable share by 2035. The market growth can be primarily attributed to the increasing production of poultry, including chicken and turkey. According to the statistics of the United States Department of Agriculture, a total of 9.22 billion broilers were produced in 2020, which is a slight increase over 2019. The total volume of turkeys produced in 2020 was 7.32 billion pounds, as opposed to 7.47 billion pounds produced in 2019. The increasing demand for dietary supplements is also expected to augment the growth of the fish protein hydrolysate market in the region.
저자 크레딧: Parul Atri
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