Overview of the Global Market for Fish Protein Hydrolysate
The fish protein hydrolysate market was valued at USD 495.9 million globally in 2023, and it is anticipated to grow to USD 721.8 million by 2031. The market for these products is rising in a number of application areas, such as food and beverages, functional foods, flavour enhancers, sports nutrition, elderly formulations, and protein supplements.
Market Value and Application Segments
Food & Beverages: With a market value of USD 170 million in 2023, food & beverages is the largest segment in the fish protein hydrolysate market. The market in this category is being driven by consumers' growing health consciousness and their increased desire for nutrient-dense, high-protein foods.
Functional Food: With a projected market value of USD 56.5 million in 2023, the functional food industry is expanding quickly as people become more aware of the health advantages of fish protein hydrolysate, including better digestion and increased nutrient absorption.
Flavour Enhancers: In 2023, this market sector brought in USD 20 million. Because fish protein hydrolysates have a rich amino acid profile and umami taste, they are being employed more and more as natural flavour enhancers in a variety of culinary products.
Sports Nutrition: The expanding fitness and bodybuilding trends are helping the sports nutrition category, which is expected to reach a market size of USD 25.5 million in 2023. Athletes and fitness fanatics like fish protein hydrolysate for its rapid absorption and advantages in muscle recovery.
Formulations for the Elderly: The market value (XX million USD) of these formulations is substantial but not published. This market is driven by the ageing population and the demand for nutrient-dense, easily digestible protein sources for the elderly.
Protein Supplements: The precise market worth of XX million USD for protein supplements is also unknown. Growing health consciousness and the appeal of protein supplements for both muscle growth and general health enhancement across a range of age groups are driving demand in this market.
Others: The 'Others' section comprises a variety of specialised uses for fish protein hydrolysate, with an unreported market value (XX million USD).
Additional Applications
Animal Feed & Pet Food: Because fish protein hydrolysate has a high protein content and is easily digested, it is frequently used in animal feed and pet food. This section consists of:
Dog Food, Cat Food, and Other Personal Care & Cosmetics: Fish protein hydrolysate is prized for its skin-rejuvenating qualities in the cosmetics sector. It's applied in:
Skin Care Other Clinical Nutrition Products: Because fish protein hydrolysate has positive impacts on nutrition and health, especially in clinical settings, it is used in this market.
Pharmaceuticals: Because fish protein hydrolysate contains bioactive peptides that support health benefits, it is used in a variety of medicinal products.
Wound Healing: Because fish protein hydrolysate can accelerate tissue regeneration and recovery, its use in wound healing products is becoming more and more popular.
Wastewater Treatments: Because of its adaptability and advantages for the environment, fish protein hydrolysate is also utilised in wastewater treatment procedures.
Others (Agriculture): Fish protein hydrolysate is utilised as a natural fertiliser in agriculture, encouraging the use of sustainable farming methods.
Factors that Drive the Market
Trends in Health and Wellbeing: The demand for fish protein hydrolysate is rising across a range of application segments due to the growing emphasis on health and wellness.
Nutritional Benefits: Packed with vital amino acids and peptides, fish protein hydrolysate is a highly sought-after component in functional meals, sports nutrition, and clinical nutrition products.
Population Ageing: As the number of senior citizens rises, there is a greater need for nutrient-dense, easily absorbed protein sources.
Sustainable Practices: The shift towards ecologically friendly and sustainable methods is reflected in the application of fish protein hydrolysate in wastewater treatment and agriculture.
Product creation Innovation: The market potential and application range of fish protein hydrolysate are being expanded through ongoing innovation and the creation of new products that incorporate it.
In summary
Fish protein hydrolysate has a wide range of uses, and the growing demand from consumers for goods with a health focus is expected to propel the market's expansion. It is anticipated that the market for fish protein hydrolysate will grow further and reach USD 721.8 million by 2031 as businesses continue to develop and investigate new applications for the product.
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