Fish Protein Hydrolysate Market Size for Animal Feed & Pet Food Application By Technology (Acid Hydrolysis, Enzymatic Hydrolysis), By Form (Powder, Paste, Liquid), By Source (Anchovy, Tilapia, Tuna, Sardine, Atlantic Salmon, Crustacean, Molluscs, Codfish)

Fish Protein Hydrolysate Market Size for Animal Feed & Pet Food Application By Technology (Acid Hydrolysis, Enzymatic Hydrolysis), By Form (Powder, Paste, Liquid), By Source (Anchovy, Tilapia, Tuna, Sardine, Atlantic Salmon, Crustacean, Molluscs, Codfish), By Application (Animal Feed [Poultry {Broilers, Layers}, Swine, Calves, Aquaculture {Salmon, Trouts, Shrimps}, Equine], Pet Food [Cat, Dog], COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

Global Fish Protein Hydrolysate (FPH) Market for Animal Feed & Pet Food Applications is expected to grow substantially through 2032, given the expansion of the aquaculture industry as a result of the mounting consumption of seafood and fish worldwide.

Leading FPH market players are entering into supply chain agreements with distributors and dealers to expand into the overseas market. Conglomerates are investing in the establishment of various facilities in developing regions to improve their output and product portfolio. For instance, in March 2022, Omega Proteins shifted its business headquarters to Virginia. The company added more employees and invested in renovating its facilities in the region to build its presence in the industry.

The FPH market for animal feed & pet food application has been divided in terms of form, technology, source, and region.

Based on form, the paste segment is slated to hold more than USD 10 million in market share by 2032 credited to the highly effective use of FPH paste in several livestock applications such as pet food, calves, poultry, and swine. FPH produced in the form of paste is highly nutritious and is considered very useful for the reproduction, maintenance, and growth of animals.

With respect to technology, the acid hydrolysis segment is projected to amass significant growth rate over the ensuing years driven by its widespread application and lower time and cost requirements. The remarkable effectiveness of the potent alkalis and acids employed in the technique to break peptide bonds at high temperatures and pressures would boost the product demand.

In terms of source, the Atlantic salmon segment would amass lucrative gains through the forecast years. Atlantic salmon hydrolysates are frequently employed in the production of high-quality preparations since they are readily available and can be easily extracted. Salmon fish protein hydrolysate leads to greater feed consumption in young pigs than salmon fish concentration, which is expected to boost segmental growth.

From the regional perspective, the Latin America FPH market is speculated to grow at 5% CAGR from 2023 to 2032, fueled by the rising need for animal feed production for export and to cater to the burgeoning aquafeed industry. The FPH products provide a variety of nutrients, including minerals, vitamins, and amino acids, assuring the preservation of post-larvae and the development of more muscle fibers.