The Fish Protein Hydrolysate Market was valued at US$ 389.11 million in 2018 and is expected to grow at a CAGR of 5.2% from 2019 to 2027 to reach US$ 610.87 million by 2027.

Fish protein hydrolysate is defined as a blend of degraded proteins which are extracted by the protein hydrolysis of fish material or fish. It is a bioactive compound that is produced by decomposing the minced fish together with enzymes and involves breaking down proteins into smaller peptides and amino acids. Fish protein hydrolysate is generally produced through enzymatic hydrolysis technique. The process of enzymatic hydrolysis requires the use of expensive enzymes such as chymotrypsin, pepsin, alcalase, and trypsin, which increases the cost of production. The manufacture of dried fish protein hydrolysate involves the removal of moisture content is complex and results in substantial energy requirements, which boosts the cost further. North America holds the largest share in the global fish protein hydrolysate market.

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The market for global fish protein hydrolysate is concentrated with some very well-established players. Some of the key players in the global fish protein hydrolysate market are Bio-marine Ingredients Ireland Limited, Copalis Sea Solutions, Diana Group, Hofseth BioCare ASA Janatha Fish Meal & Oil Products, Scanbio Marine Group AS, SOPROPÊCHE, Marutham Bio Ages Innovations (P) Ltd, CR Brown Enterprises, and SAMPI among others.

North America accounted for the largest share of the global fish protein hydrolysate market. The growth of the market in this region is primarily attributed to the growing demand for fish protein hydrolysate for several end use applications such as animal feed, pharmaceuticals, cosmetics, and others. Additionally, the rise in purchasing power along with a growing focus towards the health of animals and pets, is stimulating the demand for the market. Increasing focus towards research and development to expand and diversify the application base of fish protein hydrolysate has also boosted the demand. Further, the rise in demand for natural and organic personal care products is also expected to accelerate the growth of fish protein hydrolysate market in North America.

The report segments the global fish protein hydrolysate market as follows:
Global Fish Protein Hydrolysate Market - By Technology
• Acid Hydrolysis
• Autolytic Hydrolysis
• Enzymatic Hydrolysis
Global Fish Protein Hydrolysate Market - By Form
• Powder
• Liquid
Global Fish Protein Hydrolysate Market - By Source
• Tuna
• Sardine
• Atlantic Salmon
• Crustacean
• Others
Global Fish Protein Hydrolysate Market - By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Russia
o Rest of Europe
• Asia-Pacific (APAC)
o Australia
o China
o India
o Japan
o South Korea
o Rest of APAC
• Middle East & Africa
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
• South America
o Brazil
o Argentina
o Rest of SAM