Report : Asia Pacific Fish Protein Hydrolysate Market Forecast to 2027 - Covid-19 Impact and Regional Analysis by Technology (Acid Hydrolysis, Autolytic Hydrolysis, and Enzymatic Hydrolysis); Form (Powder and Liquid), Source (Tuna, Sardine, Atlantic Salmon, Crustacean, and Others); Application (Animal Feed, Pet Food, Pharmaceuticals, Cosmetics, and Others), and Country
Rising demand for fish protein hydrolysate in nutria cosmeceuticals to escalate Asia Pacific fish protein hydrolysate market at 5.9% CAGR during 2019–2027
According to our latest market study on “Asia Pacific Fish Protein Hydrolysate Market Forecast to 2027– Technology (Acid Hydrolysis, Autolytic Hydrolysis, and Enzymatic Hydrolysis); Form (Powder and Liquid), Source (Tuna, Sardine, Atlantic Salmon, Crustacean, and Others), Application (Animal Feed, Pet Food, Pharmaceuticals, Cosmetics, and Others), and Country,” the Asia Pacific fish protein hydrolysate market was valued at US$ 86.2 Mn in 2018 and is projected to reach US$ 143.6 Mn by 2027; it is expected to grow at a CAGR of 5.9% during 2019–2027.The report highlights key factors driving the market growth, and prominent players and their developments in the market.
Fish protein hydrolysate is a bioactive compound that is a blend of degraded proteins extracted by the hydrolysis of protein extracted from fish material or fish. It is generally produced through enzymatic hydrolysis technique that involves decomposing the minced fish together with enzymes, and the hydrolysis process gives out smaller peptides and amino acids as major products. The enzymatic hydrolysis requires the use of expensive enzymes, such as chymotrypsin, pepsin, alcalase, and trypsin, which increases the cost of production. The dried fish protein hydrolysate manufacturing involves a complex process of removal of moisture content and results in substantial energy requirements, which boosts the cost further.
There is a rising interest in fish protein hydrolysate from end-user industries, especially to aid skin health through micronutrients. Growing consumer preference toward the consumption of nutritious and chemical-free food products is anticipated to boost the market growth in the coming years. Owing to the presence of significant amount of minerals and vitamin A and D, the fish protein hydrolysate is used as an ingredient in various food products. As fish protein hydrolysate has translucent properties, it is used as a gelatin in flavored and non-flavored foodstuff. Along with extensive use in food industries, the FPH is also used in the production of several animal feeds. The fish protein hydrolysate is also used as a binding agent in pet food products. As fish protein hydrolysate is a rich source of micronutrients, it offers various health benefits, which include anti-aging properties for skin, controls blood pressure level, and enhances the growth of bone in animals. Fish protein hydrolysate finds its applications in the organic cosmetics and pharmaceuticals industries, which provide wider growth opportunities for the manufacturers operating in the fish protein hydrolysate market. Considering its multiple benefits as nutritional supplement, cosmetic ingredient, etc., fish protein hydrolysate is termed as an organic nutricosmeceutical substance.
The fish protein hydrolysate market in Asia Pacific is concentrated with a few very well-established players. A few of the key players in the Asia Pacific fish protein hydrolysate market include Copalis Sea Solutions, Diana Group, Hofseth BioCare ASA, Janatha Fish Meal & Oil Products, SOPROPÊCHE, Marutham Bio Ages Innovations (P) Ltd, and SAMPI.
Asia Pacific Fish Protein Hydrolysate Market Breakdown—by Region, 2018
The report segments the Asia Pacific Fish Protein Hydrolysate market as follows:
Asia Pacific Fish Protein Hydrolysate Market – By Technology
- Acid Hydrolysis
- Autolytic Hydrolysis
- Enzymatic Hydrolysis
Asia Pacific Fish Protein Hydrolysate Market – By Form
- Powder
- Liquid
Asia Pacific Fish Protein Hydrolysate Market – By Source
- Tuna
- Sardine
- Atlantic Salmon
- Crustacean
- Others
Asia Pacific Fish Protein Hydrolysate Market – By Application
- Animal Feed
- Pet Food
- Pharmaceuticals
- Cosmetics
- Others
Asia Pacific Fish protein hydrolysate Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
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