Fish Protein Hydrolysate Market Set to Witness an Uptick during 2020 to 2027Posted by Mrudula Anil Karmarkar on March 25th, 2022 The global fish protein hydrolysate market size is projected to reach USD 361.5 million by 2027 registering a CAGR of 5.1%, according to a new report by Grand View Research, Inc. The demand for Fish Protein Hydrolysate (FPH) is projected to be driven by the growing consumption of chemical-free and nutrient-rich food products among consumers across the globe. On account of the presence of vitamin A & D and minerals, the product is utilized as an ingredient in various food applications. It is also used in the manufacturing of animal feed products and as a binding and gelling agent in pet food products, including fishmeal. Since FPH is a rich source of micronutrients and fatty acids, it provides several health benefits, such as boosting the metabolic system and aiding in the development of healthier skin and bones in animals. Furthermore, rising preference for good-quality liquid and solid packaged pet food products over the traditional home-cooked foods is estimated to support the market growth. The rapid incorporation of dried/powdered hydrolyzed fish protein in various cat foods, as a result of the product’s economical nature, taste refining characteristics, and easy availability is anticipated to spur the market growth over the next few years. On the basis of source, anchovy-based protein hydrolysate led the global market and is projected to record a CAGR of 5.1%, in terms of revenue, from 2020 to 2027. Anchovy protein hydrolysate consists of vital amino acids, including proline, tryptophan, lysine, and tyrosine. When incorporated with functional food products, these amino acids help in boosting the basic metabolic system and enhance cognitive performance in human beings. Asia Pacific is expected to witness the fastest CAGR over the forecast years on account of the rising consumption of animal-rich protein sources. Changing lifestyles and rapid urbanization are affecting consumer consumption patterns. In addition, the growing scope of application for powdered FPH in cosmetics, such as hair masks, face creams, and face serums are projected to positively influence the market demand over the next few years. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/fish-protein-hydrolysate-market/request/rs1 Ascending product demand in the pharmaceutical industry owing to their fast absorption functionality, thereby promoting lean muscle mass, as well as their ability to reduce the effects of hypertension in consumers is expected to drive the market growth over the upcoming years. Fish protein refers to ingredients that are extracted from ground whole fish. Fish Protein Hydrolysate (FPH) find application in several end-use industries including animal feed, pet food, cosmetics, and food & beverages, among others. The growing consumption of fish protein in various food & beverage applications, such as infant formulations, sports nutrition, and protein supplements, is projected to drive the overall market over the next few years. Fish Protein Hydrolysate Market Report Highlights
Industry players market is sourcing good-quality raw material and is focusing on developing new hydrolyzed protein extraction processes and innovating indigenous technology to broaden the customer base and gain brand recognition. The growing consumption of natural ingredients is prompting industry players to adopt pure FPH solutions, which is likely to spur market growth. In March 2020, Bio-marine Ingredients Ireland Ltd. together with Irish Research Council’s Enterprise Partnership conducted a 12-week feeding trial, to investigate the effects of low fishmeal diets/high plant-protein, with and without FPH supplementation on gut health and growth performance in Atlantic salmon grown in freshwater. Awaiting the results of this recent study, the company hopes to open new avenues for sustainable aquaculture feed market. Some of the prominent players in the fish protein hydrolysate market include:
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