Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Forecast to 2030 - Regional Analysis - by Form and Application

The Asia Pacific fish protein hydrolysate market for animal feed application is expected to grow from US$ 86,883.82 million in 2023 to US$ 1,27,398.89 million by 2030. It is estimated to grow at a CAGR of 5.6% from 2023 to 2030.

Rising Pet Humanization Fuels Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application

Pet humanization is increasing across the world due to the emerging pet-loving culture and media coverage of celebrities and their furry friends. Population of dogs, cats, birds, and other pet animals is on the rise. Factors responsible for the growing pet adoption are an aging population and lonely persons who adopt pets to fill the void.

Moreover, studies conducted by researchers reveal that pets have a positive impact on children as their companionship helps prevent loneliness and depression; develop motor skills by feeding and grooming dogs; encourage outdoor activities such as regular walks with dogs; promote emotional development by encouraging responsibility involved in caring for pets. There is a growing humanization of pets. In Japan, architects design cat-friendly spaces in homes. Pet parents are concerned about the diet and health of their pets and are taking measures to keep their pets healthy. They are adopting healthy food enriched with various nutrients such as proteins, vitamins, and fish protein hydrolysate. Therefore, manufacturers are developing pet food with fish protein hydrolysate and other nutrients to cater to the increasing demand of pet owners. Thus, rising pet humanization is expected to become a major trend in the fish protein hydrolysate market for animal feed application during the forecast period.

Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Overview

According to Food and Agriculture Organization 2021 report, Asia Pacific is a significant market for aquaculture production. Asian countries were the primary producers, accounting for 70% of the total fisheries and aquaculture production of aquatic animals. China, Indonesia, India, Vietnam, and the Philippines are the top Asian countries that lead the production capacity of aquaculture in the world and comprise more than half of the total production. More than 90% of the global aquaculture harvest is in Asia. The proliferating aquaculture production increases the intake of aquafeed across the region. Hence, aquafeed producers are increasingly seeking nutritional ingredients to formulize protein-rich feed. Fish protein hydrolysate (FPH) is a prominent ingredient that is a major requirement of feed producers. The availability of small molecular weight peptides and free amino acids in fish protein hydrolysate (FPH) improves feed palatability, stimulating fish feed intake. The replacement of a low fish meal diet with fish protein hydrolysate led to an increase in hematocrit, hemoglobin, protein, and cholesterol levels, resulting in better absorption of the hydrolyzed protein and enhancement of the general health condition of fish. Thus, benefits associated with fish protein hydrolysate (FPH) encourage feed manufacturers to incorporate fish protein hydrolysate (FPH) in fish feed, which is projected to propel the demand for fish protein hydrolysate in the coming years.

Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Fish Protein Hydrolysate Market for Animal Feed Application Segmentation

The Asia Pacific fish protein hydrolysate market for animal feed application is segmented into form, application, and country.

Based on type, the Asia Pacific fish protein hydrolysate market for animal feed application is segmented into dry and liquid. The dry segment held a larger share of the Asia Pacific fish protein hydrolysate market for animal feed application in 2023.

Based on application, the Asia Pacific fish protein hydrolysate market for animal feed application is segmented into poultry, ruminant, swine, aquaculture, pets, and others. Poultry segment is divided into layers, broilers, and others. Aquaculture is segmented into salmon, tuna, shrimps, and others. Pets segment bifurcated into cats and dogs. The poultry segment held the largest share of the Asia Pacific fish protein hydrolysate market for animal feed application in 2023.

Based on country, the Asia Pacific fish protein hydrolysate market for animal feed application is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the share of the Asia Pacific fish protein hydrolysate market for animal feed application in 2023.

21 Pine Freezers Road Pty Ltd, Bio-marine Ingredients Ireland Ltd, Euro Feed Services Holland BV, Janatha Fish Meal & Oil Products, Kemin Industries Inc, NAN Group JSC, and Symrise AG are some of the leading companies operating in the Asia Pacific fish protein hydrolysate market for animal feed application.

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