Asia Pacific Fish Protein Hydrolysate Market Forecast to 2030 - Regional Analysis - by Form (Dry and Liquid) and Application (Animal Nutrition, Pharmaceuticals & Nutraceuticals, Food & Beverages, Personal Care, and Agriculture)

Description

List of Tables

The Asia Pacific fish protein hydrolysate market was valued at US$ 169.94 million in 2022 and is expected to reach US$ 272.26 million by 2030; it is estimated to register a CAGR of 6.1% from 2022 to 2030.

Growth of Aquaculture Industry Drives Asia Pacific Fish Protein Hydrolysate Market

Fish has a high protein content and low cholesterol; therefore, the demand for fish and fish-related products has increased globally. As per the Food and Agriculture Organization (FAO), global capture fisheries production was 90.3 million tons in 2020.

The fishery industry is growing due to improved aquaculture production, changing cultural preferences, and surging demand for fish and seafood. The increasing number of fisheries generates a large volume of waste almost every year, estimated at nearly 60% of the biomass. The waste is processed and used to manufacture fish protein hydrolysate.

Fish farming is one of the world's fastest-growing food production segments, creating a massive opportunity for fish protein hydrolysate market growth. Furthermore, fish protein hydrolysate has been used in aquaculture feed to enhance fish growth and survival. It promotes the overall development and immunity of numerous culture species. The amino acid composition and the FPH peptides are responsible for the healthy growth of various fish species.

In aquaculture, FPH demand is gaining massive momentum as it enhances the metabolic system of species that protect them from the risk of diseases and infections. Hence, aquafeed producers are increasingly adopting effective feeding practices and incorporating health-promoting compounds such as proteins, hydrolysates, and bioactive peptides, including fish protein hydrolysate. Due to these factors, the growing aquaculture industry is expected to create lucrative opportunities for the FPH market in the coming years.

Asia Pacific Fish Protein Hydrolysate Market Overview

According to Food and Agriculture Organization 2021 report, Asia Pacific is a significant market for aquaculture production. Asian countries were the primary producers, accounting for 70% of the total fisheries and aquaculture production of aquatic animals. China, Indonesia, India, Vietnam, and the Philippines are the top Asian countries that lead the production capacity of aquaculture in the world and comprise more than half of the total production. More than 90% of the global aquaculture harvest is in Asia. The proliferating aquaculture production increases the intake of aquafeed across the region. Hence, aquafeed producers are increasingly seeking nutritional ingredients to formulize protein-rich feed. Fish protein hydrolysate (FPH) is a prominent ingredient that is a major requirement of feed producers. Factors such as increased demand for protein supplements coupled with increased use of the personal and sports fitness product further drives its demand in the APAC region. Hydrolyzed protein from fish is used mainly in skin conditioners, moisturizers, and hair conditioners. Growth in cosmetic products production in developed and developing countries such as Japan, South Korea, and India is projected to boost fish protein demand in this area. Additionally, countries like India, Australia are pet lovers which in turn is increasing its demand in the market. Rising foreign direct investment also leads to regional economic growth.

Asia Pacific Fish Protein Hydrolysate Market Revenue and Forecast to 2030 (US$ Th)

Asia Pacific Fish Protein Hydrolysate Market Segmentation

The Asia Pacific fish protein hydrolysate market is categorized into form, application, and country.

Based on form, the Asia Pacific fish protein hydrolysate market is bifurcated into dry and liquid. The dry segment held a larger Asia Pacific fish protein hydrolysate market share in 2022.

In terms of application, the Asia Pacific fish protein hydrolysate market is segmented into animal nutrition, pharmaceuticals and nutraceuticals, food and beverages, personal care, and others. The animal nutrition segment held the largest Asia Pacific fish protein hydrolysate market share in 2022. Furthermore, the animal nutrition segment is subcategorized into poultry, ruminants, swine, aquaculture, pets, and others.

By country, the Asia Pacific fish protein hydrolysate market is segmented into China, Japan, Australia, India, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific dominated the Asia Pacific fish protein hydrolysate market share in 2022.

Pine Freezers Road Pty Ltd, Symrise AG, Euro Feed Services Holland BV, Kemin Industries Inc, Nizona Marine Products Pvt Ltd, New Alliance Dye Chem Pvt Ltd, and White Swan Pharmaceutical are some of the leading companies operating in the Asia Pacific fish protein hydrolysate market.

Product Code: TIPRE00011574

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Market Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Asia Pacific Fish Protein Hydrolysate Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
  - 4.3.2.1 Pretreatment
  - 4.3.2.2 Hydrolysis
    - 4.3.2.2.1 Acid Hydrolysis
    - 4.3.2.2.2 Alkaline Hydrolysis
    - 4.3.2.2.3 Enzymatic Hydrolysis
  - 4.3.2.3 Purification
  - 4.3.2.4 Dehydration
- 4.3.3 End-Use Industry
4.4 List of Vendors

5. Asia Pacific Fish Protein Hydrolysate Market - Key Industry Dynamics

5.1 Market Drivers
- 5.1.1 Growing Fish Waste Revolutionized FPH Demand
- 5.1.2 Nutritional Benefits of Fish Protein Hydrolysate in Animal Nutrition
- 5.1.3 Strategic Development Initiatives by Manufacturers
5.2 Market Restraints
- 5.2.1 Challenges Related to Supply Chain
5.3 Market Opportunities
- 5.3.1 Growth of Aquaculture Industry
- 5.3.2 Demand For FPH For Exercise Recovery Aid
5.4 Future Trends
- 5.4.1 Rising Pet Humanization
5.5 Impact of Drivers and Restraints:

6. Fish Protein Hydrolysate Market - Asia Pacific Market Analysis

6.1 Asia Pacific Fish Protein Hydrolysate Market Revenue (US$ Thousand), 2020 - 2030
6.2 Asia Pacific Fish Protein Hydrolysate Market Forecast and Analysis

7. Asia Pacific Fish Protein Hydrolysate Market Analysis - By Form

7.1 Dry
- 7.1.1 Overview
- 7.1.2 Dry: Asia Pacific Fish Protein Hydrolysate Market Revenue and Forecast to 2030 (US$ Thousand)
7.2 Liquid
- 7.2.1 Overview
- 7.2.2 Liquid : Asia Pacific Fish Protein Hydrolysate Market Revenue and Forecast to 2030 (US$ Thousand)

8. Asia Pacific Fish Protein Hydrolysate Market Analysis - By Application

8.1 Animal Nutrition
- 8.1.1 Animal Nutrition: Asia Pacific Fish Protein Hydrolysate Market Revenue, and Forecast to 2030 (US$ Thousand)
8.2 Poultry
- 8.2.1 Overview
- 8.2.2 Poultry : Asia Pacific Fish Protein Hydrolysate Market Revenue, and Forecast to 2030 (US$ Thousand)
- 8.2.3 Ruminant
  - 8.2.3.1 Overview
  - 8.2.3.2 Ruminant : Asia Pacific Fish Protein Hydrolysate Market Revenue, and Forecast to 2030 (US$ Thousand)
- 8.2.4 Swine
  - 8.2.4.1 Overview
  - 8.2.4.2 Swine : Asia Pacific Fish Protein Hydrolysate Market Revenue, and Forecast to 2030 (US$ Thousand)
- 8.2.5 Aquaculture
  - 8.2.5.1 Overview
  - 8.2.5.2 Aquaculture : Asia Pacific Fish Protein Hydrolysate Market Revenue, and Forecast to 2030 (US$ Thousand)
- 8.2.6 Pets
  - 8.2.6.1 Overview
  - 8.2.6.2 Pets : Asia Pacific Fish Protein Hydrolysate Market Revenue, and Forecast to 2030 (US$ Thousand)
- 8.2.7 Others
  - 8.2.7.1 Overview
  - 8.2.7.2 Others : Asia Pacific Fish Protein Hydrolysate Market Revenue, and Forecast to 2030 (US$ Thousand)
8.3 Pharmaceuticals and Nutraceuticals
- 8.3.1 Overview
- 8.3.2 Pharmaceuticals and Nutraceuticals : Asia Pacific Fish Protein Hydrolysate Market Revenue, and Forecast to 2030 (US$ Thousand)
8.4 Food and Beverages
- 8.4.1 Overview
- 8.4.2 Food and Beverages : Asia Pacific Fish Protein Hydrolysate Market Revenue, and Forecast to 2030 (US$ Thousand)
8.5 Personal Care
- 8.5.1 Overview
- 8.5.2 Personal Care : Asia Pacific Fish Protein Hydrolysate Market Revenue, and Forecast to 2030 (US$ Thousand)
8.6 Agriculture
- 8.6.1 Overview
- 8.6.2 Agriculture : Asia Pacific Fish Protein Hydrolysate Market Revenue, and Forecast to 2030 (US$ Thousand)

9. Asia Pacific Fish Protein Hydrolysate Market - Country Analysis

9.1 Asia Pacific
- 9.1.1 Asia Pacific Fish Protein Hydrolysate Market Breakdown by Country
  - 9.1.1.1 Asia Pacific Fish Protein Hydrolysate Market Breakdown by Country
  - 9.1.1.2 China Fish Protein Hydrolysate Market Revenue and Forecasts to 2030 (US$ Thousand)
    - 9.1.1.2.1 China Fish Protein Hydrolysate Market Breakdown by Form
    - 9.1.1.2.2 China Fish Protein Hydrolysate Market Breakdown by Application
  - 9.1.1.3 Japan Fish Protein Hydrolysate Market Revenue and Forecasts to 2030 (US$ Thousand)
    - 9.1.1.3.1 Japan Fish Protein Hydrolysate Market Breakdown by Form
    - 9.1.1.3.2 Japan Fish Protein Hydrolysate Market Breakdown by Application
  - 9.1.1.4 India Fish Protein Hydrolysate Market Revenue and Forecasts to 2030 (US$ Thousand)
    - 9.1.1.4.1 India Fish Protein Hydrolysate Market Breakdown by Form
    - 9.1.1.4.2 India Fish Protein Hydrolysate Market Breakdown by Application
  - 9.1.1.5 Australia Fish Protein Hydrolysate Market Revenue and Forecasts to 2030 (US$ Thousand)
    - 9.1.1.5.1 Australia Fish Protein Hydrolysate Market Breakdown by Form
    - 9.1.1.5.2 Australia Fish Protein Hydrolysate Market Breakdown by Application
  - 9.1.1.6 South Korea Fish Protein Hydrolysate Market Revenue and Forecasts to 2030 (US$ Thousand)
    - 9.1.1.6.1 South Korea Fish Protein Hydrolysate Market Breakdown by Form
    - 9.1.1.6.2 South Korea Fish Protein Hydrolysate Market Breakdown by Application
  - 9.1.1.7 Rest of Asia Pacific Fish Protein Hydrolysate Market Revenue and Forecasts to 2030 (US$ Thousand)
    - 9.1.1.7.1 Rest of Asia Pacific Fish Protein Hydrolysate Market Breakdown by Form
    - 9.1.1.7.2 Rest of Asia Pacific Fish Protein Hydrolysate Market Breakdown by Application

10. Company Profiles

10.1 Pine Freezers Road Pty Ltd
- 10.1.1 Key Facts
- 10.1.2 Business Description
- 10.1.3 Products and Services
- 10.1.4 Financial Overview
- 10.1.5 SWOT Analysis
- 10.1.6 Key Developments
10.2 Symrise AG
- 10.2.1 Key Facts
- 10.2.2 Business Description
- 10.2.3 Products and Services
- 10.2.4 Financial Overview
- 10.2.5 SWOT Analysis
- 10.2.6 Key Developments
10.3 Euro Feed Services Holland BV
- 10.3.1 Key Facts
- 10.3.2 Business Description
- 10.3.3 Products and Services
- 10.3.4 Financial Overview
- 10.3.5 SWOT Analysis
- 10.3.6 Key Developments
10.4 Kemin Industries Inc
- 10.4.1 Key Facts
- 10.4.2 Business Description
- 10.4.3 Products and Services
- 10.4.4 Financial Overview
- 10.4.5 SWOT Analysis
- 10.4.6 Key Developments
10.5 Nizona Marine Products Pvt Ltd
- 10.5.1 Key Facts
- 10.5.2 Business Description
- 10.5.3 Products and Services
- 10.5.4 Financial Overview
- 10.5.5 SWOT Analysis
- 10.5.6 Key Developments
10.6 New Alliance Dye Chem Pvt Ltd
- 10.6.1 Key Facts
- 10.6.2 Business Description
- 10.6.3 Products and Services
- 10.6.4 Financial Overview
- 10.6.5 SWOT Analysis
- 10.6.6 Key Developments
10.7 White Swan Pharmaceutical
- 10.7.1 Key Facts
- 10.7.2 Business Description
- 10.7.3 Products and Services
- 10.7.4 Financial Overview
- 10.7.5 SWOT Analysis
- 10.7.6 Key Developments

11. Appendix