Fish Protein Hydrolysates Market Provides Comprehensive Analysis


Fish Protein Hydrolyzate for Animal Feed and Pet Food Market – Overview

Global Fish Protein Hydrolysates for Animal Feed and Pet Food Market is anticipated to grow at a favorable rate from 2021 to 2031 (forecast period). Consumer awareness of the need for high protein diets for pets and animals is expected to increase product demand. In addition, the restriction imposed by the European Union on the use of bone meal and mammalian meat protein in animal feed may divert consumer attention away from the use of fish protein hydrolysates. in animal feed. The availability of animal health-critical amino acids is expected to drive the sales of fish protein hydrolysates for animal feed and pet food market.

Also, increased innovation in the procedures used to generate fish protein hydrolyzate to increase production while reducing cost and time is likely to improve the fish protein hydrolyzate market for animal feed and pet food.

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Fish Protein Hydrolyzate Market for Animal Feed and Pet Food Application – Competitive Landscape

The major players in the fish protein hydrolyzate for animal feed and pet food market 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.

Major competitors use tactics such as mergers, acquisitions, and capacity expansions to expand their product line and customer base and meet growing market demands.

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

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Fish Protein Hydrolyzate for Animal Feed and Pet Food Market – Trends and Opportunities

Growing awareness of the benefits of high protein animal feed products to boost animal productivity and overall performance is expected to drive the demand for fish protein hydrolysates. Fish protein hydrolysates represent approximately 14% of all protein sources used in animal feed production. In recent years, an increase in the frequency and spread of foodborne bacterial infections due to chemical pollution of animal feed has highlighted the need for high quality animal feed products.

In addition, the European Union’s ban on the use of mammalian meat and bone meal protein in animal feed is expected to shift the focus of animal producers on animal feed in the near future. protein hydrolyzate as a source of protein in animal feed.

Additionally, increase in fish farming operations in various parts of the globe is likely to fuel the expansion of the market for fish protein hydrolysates for animal feed and pet food. Special permits are required for the discharge of fish waste into the seas due to environmental issues such as lower oxygen levels in sea waters and the resulting smothering or burial of living species. This is expected to drive the fish protein hydrolyzate for animal feed and pet food market over the forecast period.

Also, 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 to improve animal performance and growth, can increase product demand for animal feed and pet food applications.

Fish Protein Hydrolyzate Market for Animal Feed and Pet Food Application – Regional Landscape

The market for fish protein hydrolysates for animal feed and pet food in North America is expected to grow due to growing consumer health awareness and increasing use of animal feed products in high protein content. In addition, the rapid expansion of the aquaculture sector and increase in fish farming operations in the region are expected to create opportunities for revenue generation in the market for fish protein hydrolysates for animal feed and animal feed. pets. Also, the increased efforts of key companies to create high-quality items can improve the market outlook.

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Canada and the United States are expected to contribute to the regional market over the forecast period. Government institutional support for aquaculture is expected to drive market growth in Canada and the United States. Rising domestic consumption of meat and aquatic products, technical advancements in the meat processing industry, and growing factory farming are driving demand for high-quality meat, accelerating market expansion.

The Asia-Pacific fish protein hydrolyzate market for animal feed and pet food is expected to grow over the forecast period. China, Japan, India and Australia are expected to witness growth in the regional market.

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This press release was published on openPR.

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