At 6.1% CAGR, Asia Pacific Fish Protein Hydrolysate Market is Projected to be Worth US$ 272.26 million by 2030, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific fish protein hydrolysate market was valued at US$ 169.94 million in 2022 and is expected to reach US$ 272.26 million by 2030, registering a CAGR of 6.1% from 2022 to 2030. Nutritional benefits of fish protein hydrolysate in animal nutrition and strategic development initiatives by manufacturers are among the critical factors attributed to drive the Asia Pacific fish protein hydrolysate market growth.

The World Organization for Animal Health states that more than 50 wildlife diseases can seriously impact livestock and public health. In this case, implementation of appropriate nutritional strategies that boost immunity, develop animal health, promote intestinal integrity and functionality is critical to enhance animal stress tolerance and treat various diseases. Thus, fish protein hydrolysates for animal feed applications are used to fulfill the nutritional demands of livestock.

FPH is a good source of protein and nutrients such as phosphorus, calcium, and other minerals. It helps prevent the spread of infectious diseases and boosts animal immunity against fungi, bacteria, viruses, and parasites. Regular consumption of FPH by broiler chickens helps in their muscle development. Enzymes present in fish protein hydrolysate aid in the gut morphology of broilers by facilitating the digestion of fibrous food, including grains and soybean meal.

Further, fish protein hydrolysates are widely used in aquaculture feeds due to their higher protein content and the ideal amino acid balance for aquatic animals. FPHs can enhance animals' metabolic systems, which protects them from the risk of diseases and infections. Thus, the nutritional benefits of fish protein hydrolysate relating to animal health drive its demand among animal feed industries.

On the contrary, challenges related to supply chain hamper the growth of Asia Pacific fish protein hydrolysate market.

Based on form, the Asia Pacific fish protein hydrolysate market is bifurcated into dry and liquid. The dry segment held 72.0% market share in 2022, amassing US$ 1,22,382.28 Thousand. It is projected to garner US$ 1,98,317.43 Thousand by 2030 to register 6.2% CAGR during 2022-2030.

In terms of application, the Asia Pacific fish protein hydrolysate market is segmented into animal nutrition, pharmaceuticals and nutraceuticals, food and beverages, personal care, and others. The animal nutrition segment held 48.5% share of Asia Pacific fish protein hydrolysate market in 2022, amassing US$ 82,397.86 Thousand. It is anticipated to garner US$ 1,27,398.89 Thousand by 2030 to expand at 5.6% CAGR during 2022-2030. Furthermore, the animal nutrition segment is subcategorized into poultry, ruminants, swine, aquaculture, pets, and others.

Based on country, the Asia Pacific fish protein hydrolysate market is categorized into China, Japan, Australia, India, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 36.6% share of Asia Pacific fish protein hydrolysate market in 2022. It was assessed at US$ 62,130.97 Thousand in 2022 and is likely to hit US$ 91,847.65 Thousand by 2030, registering a CAGR of 5.0% during 2022-2030.

Key players operating in the Asia Pacific fish protein hydrolysate market are Pine Freezers Road Pty Ltd, Symrise AG, Euro Feed Services Holland BV, Kemin Industries Inc, Nizona Marine Products Pvt Ltd, New Alliance Dye Chem Pvt Ltd, and White Swan Pharmaceutical, among others.

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