Global Fish Protein Hydrolysate (FPH) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fish Protein Hydrolysate (FPH) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Fish protein hydrolysate (FPH) is a breakdown product of fish proteins containing smaller peptides and amino acids. FPH is obtained by treatment of fish meat with trypsin, alcalase, chymotrypsin, pepsin, or other enzymes under controlled conditions of pH and temperatures.
Fish protein hydrolysate (FPH) is a bioactive compound produced using degraded proteins present in fish material. The compound is produced by enzymatic, acid and autolytic hydrolysis techniques, which involve decomposing minced fishes with enzymes to break down the proteins into amino acids and peptides. FPH can be produced using both salt and freshwater fishes, such as tuna, sardine, anchovy, salmon and crustacean. It is commonly used as a food binder, emulsifier, gelling agent, animal feed, cosmetic and nutritional supplement in the form of powder, paste and liquid. It is a rich source of essential fatty acids and can aid in maintaining blood pressure and cardiovascular health.

Market Overview:

The latest research study on the global Fish Protein Hydrolysate (FPH) market finds that the global Fish Protein Hydrolysate (FPH) market reached a value of USD 227.39 million in 2022. It’s expected that the market will achieve USD 296.04 million by 2028, exhibiting a CAGR of 4.5% during the forecast period.

Influence Factors

Rising quality awareness and growing demand for animal-derived products will drive the demand for fish protein hydrolysate products. Fish protein hydrolysate helps to boost the metabolic system, reduce the risk of viral and bacterial infection, and improve the vitality of the digestive system, which has a positive effect on the growth of livestock such as cattle and sheep. Manufacturers are rapidly adopting natural protein sources in feed to improve the quality of animal-derived products, which is one of the reasons for the growth of the fish protein hydrolysate industry. This is the factor driving the development of the fish protein hydrolysate industry.
Protein health products are in high demand due to increasing consumer awareness around the world regarding weight management and muscle building, disease prevention, and physical and mental health. This will drive the global fish protein hydrolysate market to show a continuous growth trend. In addition, growth in the food and beverage industry along with rising middle-class population and rising income levels are also driving product demand, boosting the fish protein hydrolysates market. This is also a favorable factor for the development of the fish protein hydrolysates market.

Drivers

Fish protein hydrolysate products help boost the metabolic system, reduce the risk of viral and bacterial infections, and improve the viability of digestion. Manufacturers are rapidly adopting natural protein sources in feed to improve the quality of animal-derived products, which is one of the reasons for the growth of the fish protein hydrolysate industry.
Protein health products are in high demand due to rising awareness about weight management and muscle building, disease prevention, and physical and mental health. The global Fish Protein Hydrolysate market will be driven to show a continuous growth trend. In addition, growth in the food and beverage industry and rising middle-class population and rising income levels are also driving the product demand growth, boosting the fish protein hydrolysate market.
Fish protein hydrolysate (FPH) is considered a suitable protein source for human nutrition due to its balanced amino groups. Protein hydrolysates are easier to digest and absorb than intact proteins. Appropriate addition of FPH to aquafeeds has the potential to improve fish growth, feed utilization, immune function, and disease resistance. FPH has excellent physicochemical properties, including increased solubility, emulsifying properties, foaming properties, water-holding capacity and fat-binding capacity, thereby improving feed palatability and simplifying bio nutrient absorption. In food and beverage applications, the product has been shown to have a positive effect on gastrointestinal problems associated with irritable bowel syndrome (IBS) and Crohn's disease. In infant formula applications, fish protein is used to produce alternative hypoallergenic protein foods for infants with celiac disease, gluten intolerance and milk allergy. Fish protein hydrolysate is rich in essential fatty acids that help maintain blood pressure and cardiovascular health. In addition, fish protein hydrolysate has translucent properties that allow culinary experts to use it as a gelatin in both flavored and unflavored foods. These advantages make protein hydrolysate widely used in food, feed and other industries.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Symrise AG is one of the major players operating in the Fish Protein Hydrolysate (FPH) market, holding a share of 27.28% in 2022.

3D Corporate Solutions, an Olympus Partners portfolio company, and a leading manufacturer of specialty proteins and fats used in premium pet food, has acquired Missouri-based marine protein manufacturer LinkOne Marine Solutions (LinkOne Marine). LinkOne Marine is a leading manufacturer of dried, fresh, and frozen marine proteins including salmon, sardine, and herring (among others) serving premium pet food brands in North America. The combined company will be able to better serve its customers with a complete offering of premium protein ingredients.

3D Corporate Solutions, a leading manufacturer of specialty proteins and fats used in premium pet food, has acquired Colorado-based specialty protein manufacturer All American Pet Proteins (AAPP). AAPP is a leading manufacturer of fresh and frozen proteins such as beef, lamb, bison, and buffalo serving premium pet food brands in North America. The combined company is set to offer a full range of proteins and processing capabilities.

Segmentation Overview:

Among different product types, Low Purity segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Feed Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Fish Protein Hydrolysate (FPH) market covered in Chapter 3:

Omega Protein
Hofseth BioCare ASA
Neptunes Harvest
Janatha Fish Meal & Oil Products
Bioindustriya
Symrise AG
Scanbio Marine Group AS
Dramm Corporation
Bluewave Marine Ingredients
WEISHARDT
Bio-marine Ingredients Ireland Ltd.
Green Earth Industries
Copalis

In Chapter 4 and Chapter 14.2, on the basis of types, the Fish Protein Hydrolysate (FPH) market from 2018 to 2029 is primarily split into:

High Purity
Low Purity

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fish Protein Hydrolysate (FPH) market from 2018 to 2029 covers:

Food
Feed Industry
Pharmaceuticals
Cosmetic
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)