Asia Pacific 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]
The Asia Pacific fish protein hydrolysate market for animal feed application is expected to grow from US$ 86,883.82 million in 2023 to US$ 1,27,398.89 million by 2030. It is estimated to grow at a CAGR of 5.6% from 2023 to 2030.
Rising Pet Humanization Fuels Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application
Pet humanization is increasing across the world due to the emerging pet-loving culture and media coverage of celebrities and their furry friends. Population of dogs, cats, birds, and other pet animals is on the rise. Factors responsible for the growing pet adoption are an aging population and lonely persons who adopt pets to fill the void.
Moreover, studies conducted by researchers reveal that pets have a positive impact on children as their companionship helps prevent loneliness and depression; develop motor skills by feeding and grooming dogs; encourage outdoor activities such as regular walks with dogs; promote emotional development by encouraging responsibility involved in caring for pets. There is a growing humanization of pets. In Japan, architects design cat-friendly spaces in homes. Pet parents are concerned about the diet and health of their pets and are taking measures to keep their pets healthy. They are adopting healthy food enriched with various nutrients such as proteins, vitamins, and fish protein hydrolysate. Therefore, manufacturers are developing pet food with fish protein hydrolysate and other nutrients to cater to the increasing demand of pet owners. Thus, rising pet humanization is expected to become a major trend in the fish protein hydrolysate market for animal feed application during the forecast period.
Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Overview
According to Food and Agriculture Organization 2021 report, Asia Pacific is a significant market for aquaculture production. Asian countries were the primary producers, accounting for 70% of the total fisheries and aquaculture production of aquatic animals. China, Indonesia, India, Vietnam, and the Philippines are the top Asian countries that lead the production capacity of aquaculture in the world and comprise more than half of the total production. More than 90% of the global aquaculture harvest is in Asia. The proliferating aquaculture production increases the intake of aquafeed across the region. Hence, aquafeed producers are increasingly seeking nutritional ingredients to formulize protein-rich feed. Fish protein hydrolysate (FPH) is a prominent ingredient that is a major requirement of feed producers. The availability of small molecular weight peptides and free amino acids in fish protein hydrolysate (FPH) improves feed palatability, stimulating fish feed intake. The replacement of a low fish meal diet with fish protein hydrolysate led to an increase in hematocrit, hemoglobin, protein, and cholesterol levels, resulting in better absorption of the hydrolyzed protein and enhancement of the general health condition of fish. Thus, benefits associated with fish protein hydrolysate (FPH) encourage feed manufacturers to incorporate fish protein hydrolysate (FPH) in fish feed, which is projected to propel the demand for fish protein hydrolysate in the coming years.
Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Segmentation
The Asia Pacific fish protein hydrolysate market for animal feed application is segmented into form, application, and country.
Based on type, the Asia Pacific fish protein hydrolysate market for animal feed application is segmented into dry and liquid. The dry segment held a larger share of the Asia Pacific fish protein hydrolysate market for animal feed application in 2023.
Based on application, the Asia Pacific 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 poultry segment held the largest share of the Asia Pacific fish protein hydrolysate market for animal feed application in 2023.
Based on country, the Asia Pacific fish protein hydrolysate market for animal feed application is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the share of the Asia Pacific fish protein hydrolysate market for animal feed application in 2023.
21 Pine Freezers Road Pty Ltd, Bio-marine Ingredients Ireland Ltd, Euro Feed Services Holland BV, Janatha Fish Meal & Oil Products, Kemin Industries Inc, NAN Group JSC, and Symrise AG are some of the leading companies operating in the Asia Pacific fish protein hydrolysate market for animal feed application.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
3.2.8 Assumptions and Limitations:
4. Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
4.4.1 Raw Material Suppliers
4.4.2 Manufacturers
4.4.2.1 Pre-treatment
4.4.2.2 Hydrolysis
4.4.2.2.1 Acid Hydrolysis
4.4.2.2.2 Alkaline Hydrolysis
4.4.2.2.3 Enzymatic Hydrolysis
4.4.3 Purification
4.4.4 Dehydration
4.4.5 End-Use Industry
4.5 Raw Material Sources – Fish Protein Hydrolysate for Animal Feed
4.6 Average Price Range – By Region (2022):
5. Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Fish Waste Revolutionized FPH Demand
5.1.2 Nutritional Benefits of Fish Protein Hydrolysate in Animal Nutrition
5.1.3 Strategic Development Initiatives by Manufacturers
5.2 Market Restraints
5.2.1 Challenges Related to Supply Chain
5.3 Market Opportunities
5.3.1 Growth of Aquaculture Industry
5.4 Future Trends
5.4.1 Rising Pet Humanization
5.5 Impact Analysis of Drivers and Restraints
6. Fish Protein Hydrolysate for Animal Feed–Asia Pacific Market Analysis
6.1 Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Overview
6.2 Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application –Revenue and Forecast to 2030 (US$ Thousand)
7. Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Analysis – By Form
7.1 Overview
7.2 Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, By Form (2022 and 2030)
7.3 Dry
7.3.1 Overview
7.3.2 Dry: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
7.4 Liquid
7.4.1 Overview
7.4.2 Liquid: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8. Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Analysis – By Application
8.1 Overview
8.2 Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, By Application (2022 and 2030)
8.3 Poultry
8.3.1 Overview
8.3.2 Poultry: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.3.2.1 Layers
8.3.2.1.1 Overview
8.3.2.1.2 Layers: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.3.2.2 Broilers
8.3.2.2.1 Overview
8.3.2.2.2 Broilers: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.3.2.3 Others
8.3.2.3.1 Overview
8.3.2.3.2 Others: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.4 Ruminant
8.4.1 Overview
8.4.2 Ruminant: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.5 Swine
8.5.1 Overview
8.5.2 Swine: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.6 Aquaculture
8.6.1 Overview
8.6.2 Aquaculture: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.6.2.1 Salmon
8.6.2.1.1 Overview
8.6.2.1.2 Salmon: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.6.2.2 Tuna
8.6.2.2.1 Overview
8.6.2.2.2 Tuna: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.6.2.3 Shrimps
8.6.2.3.1 Overview
8.6.2.3.2 Shrimps: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.6.2.4 Others
8.6.2.4.1 Overview
8.6.2.4.2 Others: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.7 Pets
8.7.1 Overview
8.7.2 Pets: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.7.2.1 Dogs
8.7.2.1.1 Overview
8.7.2.1.2 Dogs: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.7.2.2 Cats
8.7.2.2.1 Overview
8.7.2.2.2 Cats: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.8 Others
8.8.1 Overview
8.8.2 Others: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
9. Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Country Analysis
9.1 Overview
9.1.1 Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, by Key Country
9.1.1.1 China: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application –Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.1.1 China: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, By Form
9.1.1.1.2 China: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, by Application
9.1.1.2 Japan: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application –Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.2.1 Japan: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, By Form
9.1.1.2.2 Japan: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, by Application
9.1.1.3 India: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application –Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.3.1 India: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, by Form
9.1.1.3.2 India: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, by Application
9.1.1.4 Australia: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application –Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.4.1 Australia: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, By Form
9.1.1.4.2 Australia: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, by Application
9.1.1.5 South Korea: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application –Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.5.1 South Korea: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, By Form
9.1.1.5.2 South Korea: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, by Application
9.1.1.6 Rest of Asia Pacific: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application –Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.6.1 Rest of Asia Pacific: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, By Form
9.1.1.6.2 Rest of Asia Pacific: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, by Application
10. Company Profiles
10.1 NAN Group JSC
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Janatha Fish Meal & Oil Products
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Pine Freezers Road Pty Ltd
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Symrise AG
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Kemin Industries Inc
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Euro Feed Services Holland BV
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Bio-marine Ingredients Ireland Ltd
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.7.7 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Word Index
LIST OF TABLES
Table 1. Figure: Protein Content in Fish Waste Types:
Table 2. Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application –Revenue and Forecast to 2030 (US$ Thousand)
Table 3. China: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, By Form – Revenue and Forecast to 2030 (US$ Thousand)
Table 4. China: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, by Application– Revenue and Forecast to 2030 (US$ Thousand)
Table 5. Japan: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, By Form – Revenue and Forecast to 2030 (US$ Thousand)
Table 6. Japan: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, by Application– Revenue and Forecast to 2030 (US$ Thousand)
Table 7. India: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, By Form – Revenue and Forecast to 2030 (US$ Thousand)
Table 8. India: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, by Application– Revenue and Forecast to 2030 (US$ Thousand)
Table 9. Australia: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, By Form– Revenue and Forecast to 2030 (US$ Thousand)
Table 10. Australia: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, by Application– Revenue and Forecast to 2030 (US$ Thousand)
Table 11. South Korea: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, By Form – Revenue and Forecast to 2030 (US$ Thousand)
Table 12. South Korea: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, by Application– Revenue and Forecast to 2030 (US$ Thousand)
Table 13. Rest of Asia Pacific: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, By Form – Revenue and Forecast to 2030 (US$ Thousand)
Table 14. Rest of Asia Pacific: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, by Application– Revenue and Forecast to 2030 (US$ Thousand)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Segmentation
Figure 2. Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Segmentation – By Country
Figure 3. Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Overview
Figure 4. Dry Segment Held the Largest Market Share in 2022
Figure 5. China Held the Largest Market Share in 2022
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Ecosystem: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application
Figure 9. Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
Figure 11. Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Revenue Share, By Form (2022 and 2030)
Figure 12. Dry: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 13. Liquid: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 14. Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Revenue Share, By Application (2022 and 2030)
Figure 15. Poultry: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 16. Layers: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 17. Broilers: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 18. Others: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 19. Ruminant: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 20. Swine: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 21. Aquaculture: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 22. Salmon: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 23. Tuna: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 24. Shrimps: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 25. Others: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 26. Pets: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 27. Dogs: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 28. Cats: Asia Pacific Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 29. Others: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 30. Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application, by Key Country– (2022) (US$ Thousand)
Figure 31. Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Revenue Share, by Key Country (2022 and 2030)
Figure 32. China: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application –Revenue and Forecast to 2030 (US$ Thousand)
Figure 33. Japan: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application –Revenue and Forecast to 2030 (US$ Thousand)
Figure 34. India: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application –Revenue and Forecast to 2030 (US$ Thousand)
Figure 35. Australia: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application –Revenue and Forecast to 2030 (US$ Thousand)
Figure 36. South Korea: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application –Revenue and Forecast to 2030 (US$ Thousand)
Figure 37. Rest of Asia Pacific: Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application –Revenue and Forecast to 2030 (US$ Thousand)
- 21 Pine Freezers Road Pty Ltd
- Bio-marine Ingredients Ireland Ltd
- Euro Feed Services Holland BV
- Janatha Fish Meal & Oil Products
- Kemin Industries Inc
- NAN Group JSC
- Symrise AG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific fish protein hydrolysate market for animal feed application.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific fish protein hydrolysate market for animal feed application, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.