According to Stratistics MRC, the Global Fish Protein Hydrolysate Market is accounted for $433.08 million in 2020 and is expected to reach $706.04 million by 2028 growing at a CAGR of 6.3% during the forecast period. Significant growth in the pharmaceutical industry, rising fish farming & animal husbandry activities, and increasing middle-class population coupled with high-income levels are the major factors propelling the market growth. However, insufficient supply of raw materials and high production cost are hampering the market growth.
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By geography, North America is going to have a lucrative growth during the forecast period due to the increasing consumption of collagen-enriched and anti-aging products in the region. Growing awareness about skincare in the region is projected to drive the fish protein hydrolysate demand in the cosmetics as well as the healthcare sector over the upcoming years. Presence of well-established cosmetics products manufacturers in the region which focus on expanding their product portfolio and consumer reach by launching protein- and marine collagen-rich cosmetics solutions will drive the market further.
Some of the key players profiled in the Fish Protein Hydrolysate Market include Alaska Protein Recovery LLC, Bio-marine Ingredients Ireland Ltd, BrownsFish Genesis, Copalis, Dramm Corporation, Gelita AG, Great Pacific BioProducts Ltd, Hofseth Biocare ASA, Sampi, Scanbio Marine Group AS, Shenzhen Taier, Sopropeche, Symrise AG, U.S. Ag Florida, Inc., and United Fisheries Ltd.
Forms Covered:
• Liquid
• Paste
• Powder
Technologies Covered:
• Acid Hydrolysis
• Autolytic Hydrolysis
• Enzymatic Hydrolysis
Sources Covered:
• Atlantic Salmon
• Codfish
• Crustacean Anchovy
• Herrings
• Menhaden
• Molluscs
• Sardine
• Shads
• Tilapia
• Tuna
Applications Covered:
• Animal Feed
• Agriculture
• Cosmetics
• Food
• Pet Food
• Pharmaceuticals
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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