Fish Protein Hydrolysate Market Size Worth $361.5 Million By 2027: Grand View Research, Inc.

SAN FRANCISCO, Aug. 25, 2020 /PRNewswire/ -- The global fish protein hydrolysate market size is projected to reach USD 361.5 million by 2027 registering a CAGR of 5.1%, according to a new report by Grand View Research, Inc. The demand for Fish Protein Hydrolysate (FPH) is projected to be driven by the growing consumption of chemical-free and nutrient-rich food products among consumers across the globe. On account of the presence of vitamin A & D and minerals, the product is utilized as an ingredient in various food applications.

It is also used in the manufacturing of animal feed products and as a binding and gelling agent in pet food products, including fishmeal. Since FPH is a rich source of micronutrients and fatty acids, it provides several health benefits, such as boosting the metabolic system and aiding in the development of healthier skin and bones in animals.

Key suggestions from the report:

• The powder-based FPH segment is projected to account for the highest revenue share by 2027. Various factors, such as low operating costs, ease of storage and transportation, and longer shelf life than a liquid solution, are projected to augment the demand for powdered FPH
• Anchovy source segment accounted for the largest revenue share of over 32% in 2019. Anchovy constitutes various endogenous chemicals, including chymotrypsin, trypsin, and cathepsin, which help in the hydrolyzation of proteins
• Growing demand for the anchovy protein hydrolysate in skincare products, on account of the product's ability to defend scleroprotein and nourish the skin, is likely to fuel the segment growth
• Europe is expected to witness steady growth on account of the rising preference for natural and organic pharmaceutical and cosmetic products. In addition, strong FPH manufacturing base and increased focus of companies on R&D activities are projected to drive the regional market
• Companies are investing in marketing and advertising activities to gain brand recognition and to diversify their product portfolio
• For instance, manufactures, such as Bio-marine Ingredients Ireland Ltd. and Hofseth BioCare, are advertising on blogs and other social media platforms in an attempt to highlight the distinguished benefits of FPHs.

Read 145 page research report with ToC on "Fish Protein Hydrolysate Market Size, Share & Trends Analysis Report By Technology (Autolytic, Acid Hydrolysis), By Form (Powder, Liquid), By Source (Sardines, Anchovies), By Application, By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/fish-protein-hydrolysate-market

Furthermore, rising preference for good-quality liquid and solid packaged pet food products over the traditional home-cooked foods is estimated to support the market growth. The rapid incorporation of dried/powdered hydrolyzed fish protein in various cat foods, as a result of the product's economical nature, taste refining characteristics, and easy availability is anticipated to spur the market growth over the next few years.

On the basis of source, anchovy-based protein hydrolysate led the global market and is projected to record a CAGR of 5.1%, in terms of revenue, from 2020 to 2027. Anchovy protein hydrolysate consists of vital amino acids, including proline, tryptophan, lysine, and tyrosine. When incorporated with functional food products, these amino acids help in boosting the basic metabolic system and enhance cognitive performance in human beings.

Asia Pacific is expected to witness the fastest CAGR over the forecast years on account of the rising consumption of animal-rich protein sources. Changing lifestyles and rapid urbanization are affecting consumer consumption patterns. In addition, the growing scope of application for powdered FPH in cosmetics, such as hair masks, face creams, and face serums are projected to positively influence the market demand over the next few years.

Grand View Research has segmented the global fish protein hydrolysate market on the basis of technology, form, source, application, and region:

• FPH Technology Outlook (Volume, Tons, Revenue, USD Thousand, 2016 - 2027)
• Acid Hydrolysis
• Autolytic Hydrolysis
• Enzymatic Hydrolysis
• FPH Form Outlook (Volume, Tons, Revenue, USD Thousand, 2016 - 2027)
• Liquid
• Powder
• FPH Source Outlook (Volume, Tons, Revenue, USD Thousand, 2016 - 2027)
• Anchovy
• Herrings
• Menhaden
• Sardine
• Shads
• Others
• FPH Application Outlook (Volume, Tons, Revenue, USD Thousand, 2016 - 2027)
• Food
• Pharmaceuticals
• Animal Feed & Pet Food
• Cosmetics
• Others
• FPH Regional Outlook (Volume, Tons, Revenue, USD Thousand, 2016 - 2027)
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Germany
• The U.K.
• France
• Spain
• Italy
• Asia Pacific
• India
• China
• Japan
• Australia
• Central & South America
• Brazil
• Chile
• Peru
• Middle East & Africa
• UAE
• List of Key Players of Fish Protein Hydrolysate Market
• Sopropeche
• Diana Group
• Copalis Sea Solutions
• Scanbio
• Bio-marine Ingredients Ireland Ltd.
• United Fisheries
• Shenzhen Taier
• New Alliance Dye Chem Pvt. Ltd.
• Neptune's Harvest
• Alaska Protein Recovery, LLC
• Great Pacific BioProducts Ltd.
• BrownsFish Genesis
• Dramm Corp.
• U.S. Ag Florida, Inc.
• Sampi
• Marutham Bio Ages Innovations (p) Ltd.
• Hofseth BioCare
• Janatha Fish Meal & Oil Products

Find more research reports on Nutraceuticals & Functional Foods Industry, by Grand View Research:

• Dietary Fibers Market– Ascending product demand owing to the rising consumer awareness regarding the intake of a healthy diet and leading an active lifestyle is expected to drive the market growth over the upcoming years.
• Yeast Extract Market– The upsurge in the consumption of alcoholic beverages and increasing demand for bakery food products are expected to propel the market growth.
• Food Thickeners Market– This growth in demand for food thickeners is spearheaded by the growing applicability of the product in food and beverage application along with rising consumer awareness regarding health and wellness.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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