PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1342659
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1342659
According to SPER Market Research, 'Fish Protein Hydrolysate Market Size- By Technology, By Form, By Source, By Application, By Protein Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Fish Protein Hydrolysate Market is predicted to reach USD 0.67 billion by 2033 with a CAGR of 5.33%.
Fish protein hydrolysate is a valuable and flexible product that is produced by the enzymatic breakdown of fish waste and by-products. Its excellent nutritional value and functional qualities have garnered substantial attention across numerous industries as a sustainable and eco-friendly alternative. This enzymatic hydrolysis process breaks proteins down into smaller peptides and amino acids, yielding a product high in bioactive chemicals and important nutrients.
The COVID-19 pandemic had an uneven impact on the fish protein hydrolysate market. On the one hand, the pandemic disrupted global supply networks, creating logistical challenges in the sourcing and delivery of fish waste and byproducts, which are needed raw materials for the manufacturing of fish protein hydrolysate. Lockdowns, travel restrictions, and staffing shortages in some areas hindered fishing activity, potentially affecting raw material availability and, as a result, fish protein hydrolysate output.