IMARC Group, a leading market research company, has recently releases report titled “Fish Protein Hydrolysate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global fish protein hydrolysate market report share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the fish protein hydrolysate market?
The global fish protein hydrolysate market size reached US$ 304.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 404.5 Million by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.
What is fish protein hydrolysate?
Fish protein hydrolysate (FPH) refers to a bioactive compound produced by utilizing decomposed fish proteins. The compound is obtained by decomposing minced fish meat with enzymes, such as trypsin, pepsin, and chymotrypsin to break down the proteins into peptides and amino acids. Both salt and freshwater fishes, including anchovy, crustacean, tuna, salmon, and sardine, can be used to produce FPH. It acts as a rich source of fatty acids, which helps in maintaining cardiovascular health and blood pressure levels. FPH is typically used as a food binder, gelling agent, nutritional supplement, emulsifier, etc.
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What are the growth prospects and trends in the fish protein hydrolysate industry?
The growing pharmaceutical industry worldwide is the primary factor driving market growth. Several health benefits associated with FPH, such as minimizing the risk of hypertension and developing lean muscle mass, have led to its utilization in sports nutrition and protein supplements. Furthermore, FPH is also used as an alternative hypoallergenic protein for infants suffering from glucose and lactose intolerance and treating Crohn’s Disease and Irritable Bowel Syndrome. Additionally, rising disposable income levels and the growing use of FPH in cosmetics for its anti-aging properties are further augmenting the global market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
- Acid Hydrolysis
- Autolytic Hydrolysis
- Enzymatic Hydrolysis
Breakup by Form:
- Liquid
- Powder
Breakup by Fish Type:
- Anchovy
- Herrings
- Menhaden
- Sardine
- Shads
- Others
Breakup by Application:
- Food
- Pharmaceuticals
- Animal Feed and Pet Food
- Cosmetics
- Others
Who are the key players operating in the industry?
The report covers the major market players including:
- Alaska Protein Recovery LLC
- Bio-marine Ingredients Ireland Ltd.
- Copalis
- Dramm Corporation
- Gelita AG
- Great Pacific BioProducts Ltd.
- Hofseth Biocare ASA
- Janatha Fish Meal Oil Products
- SAMPI
- Scanbio Marine Group AS
- Symrise AG
- United Fisheries Ltd.
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