Report : North America Fish Protein Hydrolysate Market for Animal Feed Application Forecast to 2030 - Regional Analysis - by Form (Dry and Liquid) and Application [Poultry (Layers, Broilers, and Others), Ruminant, Swine, Aquaculture (Salmon, Tuna, Shrimps, and Others), Pets (Dogs and Cats), and Others]
At 4.6% CAGR, the North America Fish Protein Hydrolysate Market for Animal Feed Application is speculated to be worth US$ 85,701.64 million by 2030, says Business Market Insights
According to Business Market Insights research, the North America fish protein hydrolysate market for animal feed application was valued at US$ 62,387.49 million in 2023 and is expected to reach US$ 85,701.64 million by 2030, registering a CAGR of 4.6% from 2023 to 2030. Growing fish waste revolutionized the FPH demand and nutritional benefits of fish protein hydrolysate in animal nutrition are the critical factors attributed to the North America fish protein hydrolysate market for animal feed application expansion.
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 hampers the North America fish protein hydrolysate market for Animal Feed Application.
Based on type, the North America fish protein hydrolysate market for animal feed application is segmented into dry and liquid. The dry segment held 58.6% share of North America fish protein hydrolysate market for animal feed in 2023, amassing US$ 36,551.91 million. It is projected to garner US$ 50,740.40 million by 2030 to expand at 4.8% CAGR during 2023–2030.
Based on application, the North America fish protein hydrolysate market for animal feed application is segmented into poultry, ruminant, swine, aquaculture, pets, and others. Poultry segment is divided into layers, broilers, and others. Aquaculture is segmented into salmon, tuna, shrimps, and others. Pets segment bifurcated into cats and dogs. The ruminant segment held 38.0% share of North America fish protein hydrolysate market for animal feed in 2023, amassing US$ 23,705.23 million. It is projected to garner US$ 32,298.65 million by 2030 to expand at 4.5% CAGR during 2023–2030.
Based on country, the North America fish protein hydrolysate market for animal feed application is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 71.1% share of North America fish protein hydrolysate market for animal feed in 2023. It was assessed at US$ 44,360.10 million in 2023 and is likely to hit US$ 60,352.26 million by 2030, exhibiting a CAGR of 4.5% during 2023–2030.
Key players operating in the North America fish protein hydrolysate market for animal feed application are Bio-marine Ingredients Ireland Ltd, Janatha Fish Meal & Oil Products, Kemin Industries Inc, and Symrise AG, among others.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com