January 20, 2020
According to a latest research report titled ‘Fish Protein Hydrolysate Market Size, 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], Food (Flavor Enhancers, Functional Food, Infant Formulation, Nutraceuticals, Sports Nutrition, Protein Supplements, Elderly Food Formulation, Clinicals), Cosmetics [By Protein Type {Collagen (Glycine, Hydroxylysine, Proline), Elastin, Keratin}], Agriculture [Fertilizers, Protection, Elicitor], Pharmaceutical), Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’, available on MarketStudyReport.com, the global fish protein hydrolysate market is slated to surpass USD 555 million valuation by 2025.
Growing awareness regarding the importance of proper animal nutrition coupled with their increasing inclination towards feeds that contain natural ingredients is likely to be a key determinant that augments fish protein hydrolysate industry expansion.
Increasing awareness about environmental toxicity from chemical-based fertilizers has resulted in growing demand for organic fertilizers for fostering beneficial soil microbe growth to subsequently improve growth of the plants.
Fish protein hydrolysate that are sourced through tuna are rich in peptide content as well as free amino acids. This makes the product ideal for fish feed, particularly due to an exceptional growth performance.
The product helps enhance fish health by improving the transport of enzymes, carbon dioxide, structural proteins, and oxygen. Hydrolysate sourced from tuna possess a substantial market potential when it comes to being a food ingredient, especially due to the product’s functional capabilities including, whipping, texturing and gelling.
Meanwhile, over the forecast timeframe, rising demand for cosmetic and personal care products that are created from organic and natural ingredients is set to boost the North America fish protein hydrolysate industry.
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Fish protein hydrolysate provide substantial antioxidant and antifungal properties, making them ideal cryptoprotectant and moisturizing ingredients in the cosmetics industry.
The list of prominent fish protein hydrolysate industry players includes companies such as Sopropeche, Scanbio Marine Group, Diana Aqua, Hofseth Biocare, Copalis Sea Solutions, Triple Nine, United Fish, and Omega Protein among others.
These players are actively implementing a number of growth strategies like mergers and acquisitions in an effort to expand their product portfolio along with their geographic presence. Companies also frequently ink strategic collaboration agreements with their industry counterparts to attain supply guarantees.