Growing demand from sports industry promotes the Global Animal Protein Hydrolysate Market

Market overview:
The global Animal Protein Hydrolysate Market was at 600 million US dollars in 2021 which is estimated to increase more by 2026 at a CAGR of 5.5% during the outlook period of 2021 to 2026.

Animal Protein Hydrolysates are widely employed in the making of packaged food solutions for dogs, cats, rabbits and fishes.

Recent Developments
In February 2020, Kerry Group acquired pevasa biotech as it was engaged in manufacturing organic plant-based protein ingredients.

In May 2018, Darling ingredients completed the purchase of Kruger commodities that included the protein conversion facilities located in Hamilton, which is supposed to diversify product portfolio and provide targeted solutions for animal feed industry.

Market Drivers and Restrains:
The global market for Animal Protein Hydrolysate is expected to grow at a significant rate as there is rapid growth in penetration in aquaculture and poultry industry, along with an increasing demand for high performance feed for sturgeons. Also, acquisition and new product development strategies by major key players, increasing demand for protein powders in swine feed and rapid penetration of whey is also one of the driving factorsthat helps the growth of the Animal Protein Hydrolysate market.

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Report is segmented as:
The global Animal Protein Hydrolysate market is segmented on the basis of source, technology, livestock and form. By source, the market of Animal Protein Hydrolysates is segmented into animal protein hydrolysates, plant protein hydrolysates. By technology, the market of animal protein hydrolysates is bifurcated into acid hydrolysis and enzymatic hydrolysis. By livestock, the market is divided into poultry, swine, cattle, calves, aquaculture, equine, pet. By form, the market is separated into powder and paste.

Geographical Segmentation:
North Americais expected to experience high demand of wired occupancy market owing to the increasing penetration of whey proteins in swine feed, rising demand for meat products and increasing awareness related to the quality of animal derived products. North America region is also expected to hold the dominance of the market during the outlook period. Asia Pacific holds the second largest share of the market owing to the new acquisitions and developments by the major players in the area.

COVID-19 impact on Animal Protein Hydrolysate Market
Due to coronavirus pandemic, all the industries including the Animal Protein Hydrolysate related industries are facing a lot of difficulties since the manufacturingunits have been halted due to the lockdown situations. However, companies in this industry are expecting a positive expansion rate in the following years as the government have already given permission to restart their operations.

Key market players:
Major market players of Animal Protein Hydrolysate include Copalis Sea Solutions, ATA Foods, FASA Group, Hofseth Biocare ASA, BRF S/A, GRF Ingredients, SOPROPECHE, Royal Canin, Nutrifish, SAMPI, Superfish Fish Hydrolysates Fertilizer, Azelis Italina SRL, Kemin Industries, Scanbio Marine Group and Diana Aqua (Symrise AG).

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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