Market Overview:
Fish protein hydrolysate (FSH) is obtained after the breakdown of fish proteins. It is a collective term for long peptides, short peptides, and amino acids. The high protein promotes the development of animal cells. Moreover, fish protein hydrolysate has shown noticeable effects in boosting the immune system, aiding digestion, and enhancing the metabolic process. Additionally, peptides present in hydrolysate have qualities like antioxidant, anti-obesity, anticoagulation, anti-microbial, anti-cancer, and antihypertension. Attributed to these qualities, nutraceuticals and pharmaceutical companies have started manufacturing multivitamins containing fish protein thus, promoting the growth of the fish protein hydrolysate market over the projected period.
Top Key Players in the Fish Protein Hydrolysate Market:
Copalis Sea Solutions (France), GELITA AG (Germany), CR Brown Enterprises (US), Janatha Fish Meal & Oil Products (India), Alaska Protein Recovery LLC (US), Shenzhen Taier (China), Hofseth BioCare ASA (Norway), Neptune's Harvest (US), Nutrifish (France), SOPROPÊCHE (France), Great Pacific BioProducts Ltd (Canada), TripleNine (Denmark), Aller Aqua (Denmark), and Other Major Players.
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The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
Market Dynamics and Factors for Fish Protein Hydrolysate Market:
Drivers:
Increase In Demand for Fish and Fish Byproducts
Fish protein hydrolysate has found its uses in boosting the immune system of aquaculture. In addition, this has reduced the dependency of aquaculture on the usage of expensive antibiotics thereby, promoting the utilization of fish protein hydrolysate as bioremediation. Moreover, fish protein hydrolysates have shown promising effects against cardiovascular diseases, diabetes, cancer, and aging. These underlying health effects are linked to the bioactive compounds which are released during the breakdown of proteins thus, supporting the development of the fish protein hydrolysate market throughout the forecast.
Opportunities:
A Wide Range Uses of Fish Protein Hydrolysate
Over the past few years, the rising global population increased the demand for seafood. Fishes are not consumed as a whole they are processed, and when they reach the consumers, processing leads to the generation of tremendous amounts of byproducts. Moreover, these byproducts include fish fins, frames, viscera, trimmings, and roe which are fish waste and are not utilized for human food. Profitable utilization of these fish byproducts is the major area for research and development because such waste products are a possible outcome of fish protein hydrolysate. In addition, the growing awareness about the beneficial effects of fish protein hydrolysate among individuals is creating profitable opportunities for the market players. Driven by the modern health agenda, users are increasingly taking a proactive approach to their health, looking to protect both their physical and mental well-being through natural sources.
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Segmentation Analysis of the Fish Protein Hydrolysate Market:
By technology, the enzymatic hydrolysis segment is anticipated to have the highest share of the fish protein hydrolysate market during the projected period. In this process the hydrolysis conditions such as temperature and pH are mild thus, there is no loss of amino acids through this process.
By form, the powder and granules segment is predicted to lead the fish protein hydrolysate market in the forecast period. The powder is the most widely utilized form of fish protein hydrolysate. The powder form has the most amino acids as compared to other forms.
By Type
· Enzymatic Hydrolysis
· Autolysis
· Microbial Hydrolysis
· Chemical Hydrolysis
By Application
· Animal Nutrition
· Food & Dairy Product
· Cosmetics
· Pharmaceuticals
By Form
· Powder
· Granules
· Liquid
By Sources
· Tuna
· Salmon
· Beluga
· Eel
· Sturgeon
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Regional Analysis of the Fish Protein Hydrolysate Market:
The North American region is anticipated to have the highest share of the fish protein hydrolysate market in the estimated period. The growing usage of fish protein hydrolysate to manufacture cosmetics such as anti-aging, sun creams, and face masks and the development of advanced technologies to harvest protein from fish waste are the main factors promoting the market growth in this region. Furthermore, there has been a significant rise in the usage of fish protein hydrolysate in animal feed as it is economically favorable compared to other animal-derived proteins thus, strengthening the expansion of the fish protein hydrolysate market in this region.
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
Key Industry Development:
In July 2023, Dramm Corporation introduced DrammOutdoors, a new line of fittings, risers, and irrigation nozzles for nursery and field-grown crops. The Dramm outdoors line includes a unique plumbing system that allows for quick installation and dismantling of irrigation plumbing and riser systems.
In May 2023, Gelita AG announced that their VERISOL HST, optimized for the use in the popular gummy POWDERt, won this year's NutraIngredients Europe Award “Ingredient of the Year” in the category “Beauty from Within”. The NutraIngredients Europe Award recognizes the top products the industry has to offer in customized nutrient solutions for skin, nail, and hair care for all ages.
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