Fish Protein Hydrolysate Market is set to grow from its current market value of more than USD 370 million to over USD 525 million by 2024; according to a new research report by Global Market Insights, Inc.
Growing meat intake among health-conscious consumers in order to increase protein content in their diets is likely to fuel fish protein hydrolysate market demand. These products serve as rich sources of proteins, amino acids and fats which enhance broiler growth and egg quality. Increasing efforts to increase poultry output to meet rising food demands in China, India and Vietnam should further boost market size.
U.S. Fish Protein Hydrolysate Market Size, By Application, 2017 & 2024, (Kilo Tons)
Fish protein hydrolysate market size with respect to autolytic hydrolysis technology expects consumption at around 7.5 kilo tons up to 2024 pertaining to rising costs of enzymes required for hydrolysis. This process uses the natural enzymes present in aquaculture waste which eliminates enzyme costs. It increases the quantity of small peptides and free amino acids in the end product which is predicted to further boost product adoption.
Paste form of fish protein hydrolysate market demand should witness over 3.5% gains by 2024 primarily owing to growing gelatin demand from seafood manufacturers. It finds extensive usage as food additives pertaining to their high gel strength and water-holding capacity. They are widely used in manufacturing fish sauces products which serve as condiments in cooking. Moreover, their ability to enhance food flavor and protein content should stimulate fish protein hydrolysate demand.
Norway market demand from atlantic salmon should register gains at over 4.5% till 2024. These products exhibit various benefits such as a high nutritional content, surface active properties and less bitterness. These products find extensive application in the infant formula, elderly food and functional food industries. Spray dried salmon is used in pet foods which improves palatability, balance nutrient absorption and digestibility, thereby stimulating fish protein hydrolysate demand.
Germany market demand from sports nutrition applications should register over 6.5% gains in the predicted timeframe. The country is witnessing growing health awareness among consumers and sports activities for weight management. These products consist of shorter di and tripeptides which are more efficient in building skeletal muscle as compared to whole proteins, which is likely to further boost market growth.
In 2017, China fish collagen market size with respect to cosmetic applications exceeded USD 4 million. These products have the capability to get easily absorbed by the skin, where it ensures protection from UVA radiation, skin elasticity, and firmness. Rising adoption in skin and personal care products owing to anti-aging and antioxidant properties should further boost the market growth.
SOPROPECHE, Copalis Sea Solutions, Diana Aqua, Hofseth Biocare, and TripleNine are the primary manufacturers in the fish protein hydrolysate market. Several industry participants are engaging in strategic mergers and acquisition to complement their product portfolios, achieve business synergy and market expansion.