Fish Protein Hydrolysate Market Report 2023 To 2030 By Top Key Players, Types & Applications

The Fish Protein Hydrolysate Market for Animal Feed Application size for animal feed application is expected to grow from US$ 243.38 million in 2023 to US$ 339.87 million by 2030; it is estimated to register a CAGR of 4.9% from 2023 to 2030.

Fish protein hydrolysate (FPH) is a breakdown product of fish proteins containing smaller peptides and amino acids. FPH is obtained by treatment of fish meat with trypsin, chymotrypsin, pepsin, or other enzymes under controlled conditions of pH and temperatures. Fish protein hydrolysates contain many bioactive peptides and amino acids that have been shown to have human health and animal feed supplementation benefits. fish protein hydrolysates are widely used in aquaculture feeds due to their higher protein content and the ideal amino acid balance for aquatic animals. FPHs can enhance animals' metabolic systems, which protects them from the risk of diseases and infections.

Get Exclusive Sample PDF @: https://www.premiummarketinsights.com/sample/TIP00073812?utm_source=OpenPr&utm_medium=10640

The List of Companies -
1. Copalis Industry SAS
2. NAN Group JSC
3. Scanbio Marine Group AS
4. Janatha Fish Meal & Oil Products
5. 21 Pine Freezers Road Pty Ltd
6. Symrise AG
7. Kemin Industries Inc
8. Euro Feed Services Holland BV
9. Bio-marine Ingredients Ireland Ltd
10. Vita Actives Ltd

Based on application, the global fish protein hydrolysate market for animal feed application is segmented into poultry, ruminants, swine, aquaculture, pets, and others. The poultry segment held the largest share of the global fish protein hydrolysate market for animal feed application in 2022. The poultry segment is further divided into layers, broilers, and others. The poultry feed industry also witnessed higher production of broilers and layers feed. According to "The 2023 Alltech Agri-Food Outlook" article, released on January 2023, the demand for layer-sector feed production increased by 0.31%, while the overall broiler feed sector grew by 1.27%. Fish protein hydrolysate (FPH) is considered a rich protein source; hence, it is extensively used in poultry feed production. Thus, fish protein hydrolysate (FPH) has various applications in poultry feed supplements.

Access full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.premiummarketinsights.com/reports-tip/fish-protein-hydrolysate-market-for-animal-feed-application

Asia Pacific is expected to register the highest CAGR in the global fish protein hydrolysate market for animal feed application over the forecast period. Asia Pacific raises the second largest aquafeed demand, after North America, which results in high animal feed production in the region. According to the Alltech Global Feed Survey 2021, China ranks first in world feed production, with ~240 million tons of feed produced annually. Thus, with the increasing feed production, Asia Pacific is a lucrative market for feed ingredient providers.

Hence, from all above-mentioned factors, the well-established feed industry, and aquaculture production resulted in increase in overall animal feed intake. Also, the demand for fish protein hydrolysate in Asia Pacific is mainly driven by the increasing use of protein-rich ingredients in feed, coupled with rising animal production in the region is further projected to augment the demand for fish protein hydrolysate.

Order a copy of this research report at @: https://www.premiummarketinsights.com/buy/TIP00073812?utm_source=OpenPr&utm_medium=10640

Impact of COVID-19 Pandemic on Fish Protein Hydrolysate Market for Animal Feed Application

Many economies were affected due to the impacts of the COVID-19 pandemic. The significant disruption in manufacturing activities and raw material sourcing significantly impacted the growth of fish protein hydrolysate market for animal feed application. Due to lockdowns, travel restrictions, trade limitations, manufacturing unit shutdowns, and other government restrictions, the animal feed industry faced significant challenges in the production and distribution of feed and feed ingredients. International and local restrictions naturally led to increased costs of animal feed products, which impacted animal farms in different countries. According to the National Center of Biotechnology Information (NCBI) 2021 report, the prices of animal feed ingredients increased by 15% in India and many countries in Africa. Microbial protein for feed applications is still in the development phase. Thus, the shortage of laborers in animal feed processing industries and disruptions in research & development activities led to the limited production of fish protein hydrolysate.

In 2021, governments of various countries announced relaxations in previously imposed restrictions and permitted manufacturers to work at full capacities. Thus, increased production volumes and improved supply chain operations bolstered the fish protein hydrolysate market for animal feed application growth.

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.