Fish Protein Hydrolysate Market Excellent Revenue Growth by 2024 by Diana Pet Food, Symrise AG, WEISHARDT, Hofseth BioCare ASA, Natural Factors, Omega Protein
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Increasing product appeal among seafood processors for generating additional revenue should stimulate the market growth. Global seafood market size exceeded USD 120 billion in 2017, owing to rising disposable and premium food consumption which represents healthy market growth potential. These products are majorly manufactured from low-value aquaculture waste, which ensures an inexhaustible supply of raw materials which is further estimated to increasing product demand.
Fish protein hydrolysate market with respect to autolytic hydrolysis technology expects consumption at around 7.5 kilo tons up to 2024 pertaining to rising costs of enzymes required for hydrolysis. This process uses the natural enzymes present in aquaculture waste which eliminates enzyme costs. It increases the quantity of small peptides and free amino acids in the end product which is predicted to further boost product adoption.
Fish protein hydrolysate market from enzymatic hydrolysis is likely to register gains over 4.5% by 2024. This method possesses the ability to retain valuable fish nutrients and shorten the reaction time. Moreover, it avoids the development of an off-flavor, high salt content or solvent concentration in the final product which should stimulate product demand.
Norway market demand from atlantic salmon should register gains at over 4.5% till 2024. These products exhibit various benefits such as a high nutritional content, surface active properties and less bitterness. These products find extensive application in the infant formula, elderly food and functional food industries. Spray dried salmon is used in pet foods which improves palatability, balance nutrient absorption and digestibility, thereby stimulating fish protein hydrolysate demand.
Germany market demand from sports nutrition applications should register over 6.5% gains in the predicted timeframe. The country is witnessing growing health awareness among consumers and sports activities for weight management. These products consist of shorter di and tripeptides which are more efficient in building skeletal muscle as compared to whole proteins, which is likely to further boost market growth.
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Global fish protein hydrolysate market share is competitive and fragmented among various market participants such as,
• Green Earth Industries
• Neptunes Harvest
• soc pesquera landes sociedad anonima
• Bluewave Marine Ingredients
• TripleNine Group
• Symrise AG
• Hofseth BioCare ASA
• Omega Protein
• Natural Factors
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