At 4.8% CAGR, Europe Fish Protein Hydrolysate Market is Projected to be Worth US$ 170.02 million by 2030, says Business Market Insights

According to Business Market Insights' research, the Europe fish protein hydrolysate market was valued at US$ 116.80 million in 2022 and is expected to reach US$ 170.02 million by 2030, registering a CAGR of 4.8% from 2022 to 2030. Growth of aquaculture industry and strategic development initiatives by manufacturers are among the critical factors attributed to drive the Europe fish protein hydrolysate market growth.

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.

On the contrary, challenges related to supply chain hamper the growth of Europe fish protein hydrolysate market.

Based on form, the Europe fish protein hydrolysate market is bifurcated into dry and liquid. The dry segment held 81.9% market share in 2022, amassing US$ 95,606.85 Thousand. It is projected to garner US$ 1,39,752.33 Thousand by 2030 to register 4.9% CAGR during 2022-2030.

In terms of application, the Europe fish protein hydrolysate market is segmented into animal nutrition, pharmaceuticals and nutraceuticals, food and beverages, personal care, and others. The animal nutrition segment held 42.9% share of Europe fish protein hydrolysate market in 2022, amassing US$ 50,112.78 Thousand. It is anticipated to garner US$ 69,831.84 Thousand by 2030 to expand at 4.2% CAGR during 2022-2030. Furthermore, the animal nutrition segment is subcategorized into poultry, ruminants, swine, aquaculture, pets, and others.

Based on country, the Europe fish protein hydrolysate market is categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 41.7% share of Europe fish protein hydrolysate market in 2022. It was assessed at US$ 48,669.77 Thousand in 2022 and is likely to hit US$ 67,994.85 Thousand by 2030, registering a CAGR of 4.3% during 2022-2030.

Key players operating in the Europe fish protein hydrolysate market are Copalis Industry SAS, Bio-marine Ingredients Ireland Ltd, Symrise AG, Euro Feed Services Holland BV, and Kemin Industries Inc., among others.


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