Fish Protein Hydrolysate Market Share

European Market Statistics

The fish protein hydrolysate market in Europe is predicted to be the largest with a share of about 35% by 2037. The growth of the market can be attributed majorly to the growing adoption of pets. Over 84 million cats and 73 million dogs were kept as pets in the European Union. In addition, there were around 34 million decorative birds and 22 million various small mammals. On the other hand, the rising production of fish by-products is also expected to boost the market growth in the region. Waste from the fishing sector makes up around 5 million tons annually in the European Union.

North American Market Forecast

The North America fish protein hydrolysate market is slated to register a notable share by 2037. The market growth can be attributed majorly to the rising production of poultry, including chicken and turkey. According to the statistics of the United States Department of Agriculture, in 2020, 9.22 billion broilers were produced in total, a small increase from 2019. In contrast to the 7.47 billion pounds generated in 2019, the total amount of turkey produced in 2020 was 7.32 billion pounds. The rising demand for dietary supplements is also expected to augment the fish protein hydrolysate market growth in the region.