Bio-Marine Ingredients Ireland, Ltd., an Irish leading company that extracts protein, calcium, and oil from fish and use it in food ingredient and animal feed. The company has secured funding of 5 million euros and they are expected to reach USD 40 billion by 2024.
Verdane announced the collaboration with Pioneer Point Partners LLP to invest in Scanbio Marine Group AS, the leading fish waste management company. The collaboration is done with the goal of being a top provider of aquaculture waste management services for the production of high-value end products.
Author Credits: Parul Atri
Report ID: 4765
Published Date: Nov 08, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of fish protein hydrolysate is assessed at USD 256.37 million.
The fish protein hydrolysate market size was valued at USD 245.75 million in 2024 and is expected to reach USD 486.88 million by 2037, registering around 5.4% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for animal proteins will boost the market growth.
Europe industry is predicted to dominate majority revenue share of 35% by 2037, impelled by growing adoption of pets in the region.
The major players in the market include Verdane, Sopropeche, Symrise Aqua Feed, Copalis Sea Solutions, Scanbio Marine Group AS, Bio-marine Ingredients Ireland Ltd., Shenzhen Taier, Great Pacific BioProducts Ltd., BrownsFish Genesis, Dramm Corporation