Fish Protein Hydrolysate Market Insights, Growth, Emerging Trends, And Forecast [ 2021-2031]

Fish Protein Hydrolysate Market for Animal Feed and Pet Food Application - Overview

The global fish protein hydrolysate market for animal feed and pet food application is projected to expand at a favorable rate from 2021 to 2031 (forecast period). Consumer awareness of the necessity for a high protein diet for pets and animals is anticipated to increase product demand. Moreover, the European Union's restriction on the use of bone meal protein and mammalian meat in animal feed may divert consumer attention to the use of fish protein hydrolysates in animal feed. The availability of critical amino acids for animal health is projected to boost the sales of fish protein hydrolysate market for animal feed and pet food application.

Furthermore, increased innovation in the procedures used to generate fish protein hydrolysate in order to increase output while decreasing cost and time is likely to improve the fish protein hydrolysate market for animal feed and pet food application.

Fish Protein Hydrolysate Market for Animal Feed and Pet Food Application - Competitive Landscape

Leading players in the fish protein hydrolysate market for animal feed and pet food application are Hofseth Biocare ASA, Copalis Sea Solutions, SOPROPECHE, 3D Corporate Solutions, TC Union Agrotech, Bio-Marine Ingredients Ireland Ltd, Diana Pet Food, Scanbio Marine Group, TripleNine, Janatha Fish Meal & Oil Products, SAMPI, Green Earth Industries LLC, Sociedad Pesquera Landes Sa, Diana Aqua (Symrise Ag), Rossyew, Nutrifish, , Omega Protein, and Alaska Protein Recovery.

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Key competitors are using tactics such as mergers, acquisitions, and capacity expansions to expand their product range and client reach and satisfy the market's expanding demands.

Sociedad Pesquera Landes SA began developing two hydrolysate facilities in Chile in July 2020 to convert farmed silage and salmon by-products into proteins for animal feed. This capacity development allowed the firm to expand its position in the Latin American fish protein hydrolysate industry.

Fish Protein Hydrolysate Market for Animal Feed and Pet Food Application - Trends and Opportunities

The rising awareness of the advantages of high-protein animal feed products for boosting animal productivity and general performance is expected to drive up demand for fish protein hydrolysates. Fish protein hydrolysates represent approximately 14% of overall protein sources utilized in animal feed production. In the past few years, a surge in the frequency and spread of bacterial infections caused by food as a result of chemical pollution of animal feeds has highlighted the necessity of high-grade animal feed products.

Moreover, the European Union's prohibition on the usage of bone meal protein and mammalian meat in animal feed is anticipated to redirect animal producers' emphasis in the near future to fish protein hydrolysate as a protein source in animal feed.

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Furthermore, increased fish farming operations in various parts of the globe are likely to fuel the expansion of the fish protein hydrolysate market for animal feed and pet food application. Special permissions are necessary for the discharge of fish waste into seas due to environmental issues such as lower levels of oxygen in seawaters and suffocation or burying of living species caused by it. This is projected to boost the fish protein hydrolysate market for animal feed and pet food application during the forecast period.

In addition, the existence of vital amino acids in fish by-products such as threonine, phenylamine, isoleucine, valine, methionine, isoleucine, tryptophan, lysine, arginine, and leucine, which are needed for better animal performance and growth, may increase product demand from animal feed and pet food applications.

Fish Protein Hydrolysate Market for Animal Feed and Pet Food Application - Regional Landscape

The fish protein hydrolysate market for animal feed and pet food application in North America is projected to grow due to rising consumer health consciousness and growing usage of high-protein animal feed products. Moreover, the fast expansion of the aquaculture sector and increased fish farming operations in the region are expected to create revenue-generation opportunities in fish protein hydrolysate market for animal feed and pet food application. Furthermore, key companies' increased efforts to create high-quality items may improve market prospects.

Canada and the United States are likely to contribute to the regional market during the forecast period. Government institutional support for aquaculture is expected to stimulate market growth in both Canada and the United States. Expanded domestic consumption of meat and aquatic products, technical advancements in the meat processing sector, and growing industrial livestock are driving up demand for high-quality meat, speeding market expansion.

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Asia Pacific fish protein hydrolysate market for animal feed and pet food application is anticipated to develop during the forecast period. China, Japan, India, and Australia are expected to witness growth in the regional market.

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