Asia Pacific Fish Protein Hydrolysate Market Size and Forecast (2021

Description

List of Tables

The Asia Pacific Fish Protein Hydrolysate Market is projected to grow significantly, reaching an estimated US$ 390.4 million by 2031, up from US$ 260.2 million in 2024. This growth represents a compound annual growth rate (CAGR) of 6.0% from 2025 to 2031.

Executive Summary and Market Analysis

According to a report from the Food and Agriculture Organization of the United Nations (FAO), global fish and seafood production hit 223.2 million tons in 2022, reflecting a 4.4% increase from the previous year. Asia has been a major contributor to this growth, accounting for 167.1 million tons, or 75% of the global total. In Oceania, production reached 1.8 million tons, which included 15,300 tons of algae. The leading Asian countries in aquaculture production-China, Indonesia, India, Vietnam, and the Philippines-together represent over half of the world's total output, with more than 90% of global aquaculture harvests originating from Asia.

The rise in aquaculture production has led to an increased demand for aquafeed in the region. Consequently, aquafeed manufacturers are on the lookout for nutritional ingredients to create protein-rich feed formulations. Fish protein hydrolysate (FPH) has emerged as a crucial ingredient for these producers. The growing demand for protein supplements, alongside the rising popularity of personal and sports nutrition products, is further propelling the demand for FPH in the Asia Pacific region. Additionally, hydrolyzed fish protein is widely utilized in cosmetic products, including skin conditioners, moisturizers, and hair care items. The anticipated growth in the production of cosmetic products in both developed and developing nations, such as Japan, South Korea, and India, is expected to further enhance the demand for fish protein hydrolysate in this sector.

Strategic Insights

# Market Segmentation Analysis

The Asia Pacific Fish Protein Hydrolysate Market can be segmented based on purity, form, and application:

By Purity: The market is divided into FPH 80%, FPH 90%, FPH 95%, and others. In 2024, the 'Others' category held the largest market share.
By Form: The market is categorized into Dry and Liquid forms, with Dry products dominating the market in 2024.
By Application: The applications of fish protein hydrolysate include Animal Nutrition, Poultry, Aquaculture, Ruminants, Swine, Pet Food, Pharmaceuticals and Nutraceuticals, Food and Beverages, Personal Care, and Agriculture. In 2024, Animal Nutrition accounted for the largest share of the market.

Market Outlook

Fish is recognized for its high protein content and low cholesterol levels, leading to a growing global demand for fish and fish-related products. The FAO reported that global capture fisheries production reached 92.3 million tons in 2022. The fishery industry is expanding due to enhanced aquaculture practices, shifting cultural preferences, and increasing demand for fish and seafood. However, the industry also faces challenges, as nearly 60% of the biomass from fisheries is considered waste. This waste is often processed to produce fish protein hydrolysate.

Fish farming is one of the fastest-growing segments in food production, presenting significant opportunities for the fish protein hydrolysate market. FPH is increasingly used in aquaculture feed to promote fish growth and survival, enhancing the overall development and immunity of various cultured species. The unique amino acid composition and peptides found in FPH contribute to the healthy growth of different fish species. As aquaculture continues to expand, the demand for FPH is expected to rise, as it supports the metabolic health of aquatic species and helps protect them from diseases and infections. Aquafeed producers are increasingly adopting effective feeding practices and incorporating health-promoting compounds, including fish protein hydrolysate, into their formulations. Thus, the growth of the aquaculture industry is anticipated to create lucrative opportunities for the FPH market in the coming years.

Country Insights

The Asia Pacific Fish Protein Hydrolysate Market is further segmented by country, including Australia, China, India, Japan, South Korea, and the Rest of APAC. China is expected to hold the largest market share in 2024.

China's large population drives the demand for food and beverages, cosmetics, and personal care products, which in turn fuels the growth of the fish protein industry. The country benefits from low manufacturing and capital costs, attracting investments and enhancing opportunities in its food and beverage sector. Additionally, China boasts a well-established cosmetics industry, providing a substantial market for fish protein hydrolysate manufacturers. As the leading producer of animal feed globally, China produced 302.2 million metric tons of industrial feed in 2022, with pig and poultry feed accounting for 45% and 40% of total production, respectively. Furthermore, China was the world's largest aquaculture producer in 2023, generating 58.10 million tons of aquaculture fish, which constituted 60% of global aquaculture production. The robust feed industry and aquaculture production in China are expected to significantly increase the demand for fish protein hydrolysates.

Company Profiles

Key players in the Asia Pacific Fish Protein Hydrolysate Market include Janatha Fish Meal & Oil Products, SAMPI, Kemin Industries Inc, Bio-marine Ingredients Ireland Ltd, Copalis Industry SAS, Symrise AG, E.F.S.-Holland B.V., White Swan Pharmaceutical, New Alliance Dye Chem Pvt Ltd, and Nizona Marine Products Pvt Ltd. These companies are employing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their market presence and offer innovative products to consumers.

Product Code: TIPRE00011574

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macroeconomic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country-level data:
3.3 Assumptions and Limitations

4. Fish Protein Hydrolysate Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturing Process
  - 4.3.2.1 Pretreatment
  - 4.3.2.2 Hydrolysis
  - 4.3.2.3 Acid Hydrolysis
  - 4.3.2.4 Alkaline Hydrolysis
  - 4.3.2.5 Enzymatic Hydrolysis
  - 4.3.2.6 Purification
  - 4.3.2.7 Dehydration
- 4.3.3 End-Use Industries
- 4.3.4 List of Vendors in the Value Chain
4.4 Average Pricing Analysis by Purity (US$/Kg), 2024

5. Asia Pacific Fish Protein Hydrolysate Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Nutritional Benefits of Fish Protein Hydrolysate in Animal Nutrition
- 5.1.2 Strategic Development Initiatives
5.2 Market Restraints
- 5.2.1 Challenges Related to Supply Chain
5.3 Market Opportunities
- 5.3.1 Growth of Aquaculture Industry
5.4 Future Trends
- 5.4.1 Rising Pet Humanization
5.5 Impact of Drivers and Restraints:

6. Fish Protein Hydrolysate Market - Asia Pacific Market Analysis

6.1 Asia Pacific Fish Protein Hydrolysate Market Volume (Kilo Tons), 2021-2031
6.2 Asia Pacific Fish Protein Hydrolysate Market Volume Forecast and Analysis (Kilo Tons)
6.3 Asia Pacific Fish Protein Hydrolysate Market Revenue (US$ Million), 2025-2031
6.4 Asia Pacific Fish Protein Hydrolysate Market Forecast and Analysis

7. Asia Pacific Fish Protein Hydrolysate Market Volume and Revenue Analysis - by Purity

7.1 FPH 80 Percent
- 7.1.1 Overview
- 7.1.2 FPH 80 Percent: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.1.3 FPH 80 Percent: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 FPH 90 Percent
- 7.2.1 Overview
- 7.2.2 FPH 90 Percent: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.2.3 FPH 90 Percent: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.3 FPH 95 Percent
- 7.3.1 Overview
- 7.3.2 FPH 95 Percent: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.3.3 FPH 95 Percent: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.4 Others
- 7.4.1 Overview
- 7.4.2 Others: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.4.3 Others: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. Asia Pacific Fish Protein Hydrolysate Market Volume and Revenue Analysis - by Form

8.1 Dry
- 8.1.1 Overview
- 8.1.2 Dry: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 8.1.3 Dry: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Liquid
- 8.2.1 Overview
- 8.2.2 Liquid: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 8.2.3 Liquid: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. Asia Pacific Fish Protein Hydrolysate Market Volume and Revenue Analysis - by Application

9.1 Animal Nutrition
- 9.1.1 Overview
- 9.1.2 Animal Nutrition: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.1.3 Animal Nutrition: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Poultry
- 9.2.1 Overview
- 9.2.2 Poultry: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.2.3 Poultry: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.3 Aquaculture
- 9.3.1 Overview
- 9.3.2 Aquaculture: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.3.3 Aquaculture: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.4 Ruminants
- 9.4.1 Overview
- 9.4.2 Ruminants: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.4.3 Ruminants: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.5 Swine
- 9.5.1 Overview
- 9.5.2 Swine: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.5.3 Swine: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.6 Pet Food
- 9.6.1 Overview
- 9.6.2 Pet Food: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.6.3 Pet Food: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.7 Others
- 9.7.1 Overview
- 9.7.2 Others: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.7.3 Others: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.8 Pharmaceuticals and Nutraceuticals
- 9.8.1 Overview
- 9.8.2 Pharmaceuticals and Nutraceuticals: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.8.3 Pharmaceuticals and Nutraceuticals: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.9 Food and Beverages
- 9.9.1 Overview
- 9.9.2 Food and Beverages: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.9.3 Food and Beverages: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.10 Personal Care
- 9.10.1 Overview
- 9.10.2 Personal Care: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.10.3 Personal Care: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.11 Agriculture
- 9.11.1 Overview
- 9.11.2 Agriculture: Asia Pacific Fish Protein Hydrolysate Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.11.3 Agriculture: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. Asia Pacific Fish Protein Hydrolysate Market - Country Analysis

10.1 Asia Pacific
- 10.1.1 Asia Pacific Fish Protein Hydrolysate Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.1 Asia Pacific Fish Protein Hydrolysate Market Volume and Forecast and Analysis - by Country
  - 10.1.1.2 Asia Pacific Fish Protein Hydrolysate Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.3 Australia: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.3.1 Australia: Asia Pacific Fish Protein Hydrolysate Market Share - by Purity
    - 10.1.1.3.2 Australia: Asia Pacific Fish Protein Hydrolysate Market Share - by Form
    - 10.1.1.3.3 Australia: Asia Pacific Fish Protein Hydrolysate Market Share - by Application
  - 10.1.1.4 China: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.4.1 China: Asia Pacific Fish Protein Hydrolysate Market Share - by Purity
    - 10.1.1.4.2 China: Asia Pacific Fish Protein Hydrolysate Market Share - by Form
    - 10.1.1.4.3 China: Asia Pacific Fish Protein Hydrolysate Market Share - by Application
  - 10.1.1.5 India: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.5.1 India: Asia Pacific Fish Protein Hydrolysate Market Share - by Purity
    - 10.1.1.5.2 India: Asia Pacific Fish Protein Hydrolysate Market Share - by Form
    - 10.1.1.5.3 India: Asia Pacific Fish Protein Hydrolysate Market Share - by Application
  - 10.1.1.6 Japan: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.6.1 Japan: Asia Pacific Fish Protein Hydrolysate Market Share - by Purity
    - 10.1.1.6.2 Japan: Asia Pacific Fish Protein Hydrolysate Market Share - by Form
    - 10.1.1.6.3 Japan: Asia Pacific Fish Protein Hydrolysate Market Share - by Application
  - 10.1.1.7 South Korea: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.7.1 South Korea: Asia Pacific Fish Protein Hydrolysate Market Share - by Purity
    - 10.1.1.7.2 South Korea: Asia Pacific Fish Protein Hydrolysate Market Share - by Form
    - 10.1.1.7.3 South Korea: Asia Pacific Fish Protein Hydrolysate Market Share - by Application
  - 10.1.1.8 Rest of APAC: Asia Pacific Fish Protein Hydrolysate Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.8.1 Rest of APAC: Asia Pacific Fish Protein Hydrolysate Market Share - by Purity
    - 10.1.1.8.2 Rest of APAC: Asia Pacific Fish Protein Hydrolysate Market Share - by Form
    - 10.1.1.8.3 Rest of APAC: Asia Pacific Fish Protein Hydrolysate Market Share - by Application

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning and Concentration

12. Company Profiles

12.1 Copalis Industry SAS
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Bio-marine Ingredients Ireland Ltd
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Symrise AG
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 E.F.S.-Holland B.V.
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Janatha Fish Meal & Oil Products
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Kemin Industries Inc
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Nizona Marine Products Pvt Ltd
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 New Alliance Dye Chem Pvt Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 White Swan Pharmaceutical
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 SAMPI
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners