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South & Central America Fish Protein Hydrolysate Market for Animal Feed Application Forecast to 2030 - Regional Analysis - by Form and Application

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    Report

  • 121 Pages
  • February 2024
  • The Insight Partners
  • ID: 5971032
The South & Central America fish protein hydrolysate market for animal feed application is expected to grow from US$ 25.76 million in 2023 to US$ 34.01 million by 2030. It is estimated to grow at a CAGR of 4.0% from 2023 to 2030.

Growth of Aquaculture Industry Fuels South & Central America Fish Protein Hydrolysate Market for Animal Feed Application

Fish has a high protein content and low cholesterol; therefore, the demand for fish and fish-related products has increased globally. As per the Food and Agriculture Organization (FAO), global capture fisheries production was 90.3 million tons in 2020.

The fishery industry is growing due to improved aquaculture production, changing cultural preferences, and surging demand for fish and seafood. The increasing number of fisheries generates a large volume of waste almost every year, estimated at nearly 60% of the biomass. The waste is processed and used to manufacture fish protein hydrolysate.

Fish farming is one of the world's fastest-growing food production segments, creating a massive opportunity for fish protein hydrolysate market growth. Furthermore, fish protein hydrolysate has been used in aquaculture feed to enhance fish growth and survival. It promotes the overall development and immunity of numerous culture species. The amino acid composition and the FPH peptides are responsible for the healthy growth of various fish species.

In aquaculture, FPH demand is gaining massive momentum as it enhances the metabolic system of species that protect them from the risk of diseases and infections. Hence, aquafeed producers are increasingly adopting effective feeding practices and incorporating health-promoting compounds such as proteins, hydrolysates, and bioactive peptides, including fish protein hydrolysate. Due to these factors, the growing aquaculture industry is expected to create lucrative opportunities for the South & Central America fish protein hydrolysate market in the coming years.

South & Central America Fish Protein Hydrolysate Market for Animal Feed Application Overview

In South & Central America, aquaculture has experienced exponential growth in the past few years. Chile is the largest producer in South & Central America in the aquaculture sector, followed by Brazil, Ecuador, Mexico, and Colombia. The species that have been widely consumed in the region in the last three decades are salmon, shrimp, and tilapia, followed by other species such as carp and catfish. According to the Chilean Salmon Harvests, Chile has 43,400 km of coastline and more than 83,000 km of compelling coastline, which has recorded 1,043,144 metric tons of aquaculture produced in 2020. In South & Central America, the consumption of protein-rich products is growing significantly. Owing to the growing aquaculture industry, rising fish waste recycling, and increasing awareness about the benefits of fish protein hydrolysate and protein-based feed products for the treatment of multiple diseases related to heart and obesity among the different fish species in the region are expected to create opportunities for aquafeed producers in the coming years. Governments of various countries in South & Central America are focused on developing farming systems used for the treatment of diseases, and manage pathogens in the production environment. Therefore, all the factors mentioned above are expected to propel the growth of the fish protein hydrolysate market for animal feed application in South & Central America during the forecast period.

South & Central America Fish Protein Hydrolysate Market for Animal Feed Application Revenue and Forecast to 2030 (US$ Million)

South & Central America Fish Protein Hydrolysate Market for Animal Feed Application Segmentation

The South & Central America fish protein hydrolysate market for animal feed application is segmented into form, application, and country.

Based on form, the South & Central America fish protein hydrolysate market for animal feed application is bifurcated into dry and liquid. The dry segment held a larger share of the South & Central America fish protein hydrolysate market for animal feed application in 2023.

Based on application, the South & Central America 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 South & Central America fish protein hydrolysate market for animal feed application in 2023.

Based on country, the South & Central America fish protein hydrolysate market for animal feed application is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America fish protein hydrolysate market for animal feed application in 2023.

Janatha Fish Meal & Oil Products, Kemin Industries Inc, Novozymes AS, Sopropeche SA, and Symrise AG are some of the leading companies operating in the South & Central America fish protein hydrolysate market for animal feed application.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Report Guidance Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
3.2.8 Assumptions and Limitations:
4. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
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 Expert Opinion
4.4 Ecosystem Analysis
4.4.1 Raw Material Suppliers
4.4.2 Manufacturers
4.4.2.1 Pre-treatment
4.4.2.2 Hydrolysis
4.4.2.2.1 Acid Hydrolysis
4.4.2.2.2 Alkaline Hydrolysis
4.4.2.2.3 Enzymatic Hydrolysis
4.4.3 Purification
4.4.4 Dehydration
4.4.5 End-Use Industry
4.5 Raw Material Sources - Fish Protein Hydrolysate for Animal Feed
4.6 Average Price Range - By Region (2022):
5. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Fish Waste Revolutionized FPH Demand
5.1.2 Nutritional Benefits of Fish Protein Hydrolysate in Animal Nutrition
5.1.3 Strategic Development Initiatives by Manufacturers
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 Analysis of Drivers and Restraints
6. Fish Protein Hydrolysate for Animal Feed- South & Central America Market Analysis
6.1 South & Central America Fish Protein Hydrolysate Market for Animal Feed Application Overview
6.2 South & Central America Fish Protein Hydrolysate Market for Animal Feed Application -Revenue and Forecast to 2030 (US$ Thousand)
7. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application Analysis - By Form
7.1 Overview
7.2 South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, By Form (2022 and 2030)
7.3 Dry
7.3.1 Overview
7.3.2 Dry: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
7.4 Liquid
7.4.1 Overview
7.4.2 Liquid: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
8. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application Analysis - By Application
8.1 Overview
8.2 South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, By Application (2022 and 2030)
8.3 Poultry
8.3.1 Overview
8.3.2 Poultry: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
8.3.2.1 Layers
8.3.2.1.1 Overview
8.3.2.1.2 Layers: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
8.3.2.2 Broilers
8.3.2.2.1 Overview
8.3.2.2.2 Broilers: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
8.3.2.3 Others
8.3.2.3.1 Overview
8.3.2.3.2 Others: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
8.4 Ruminant
8.4.1 Overview
8.4.2 Ruminant: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
8.5 Swine
8.5.1 Overview
8.5.2 Swine: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
8.6 Aquaculture
8.6.1 Overview
8.6.2 Aquaculture: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
8.6.2.1 Salmon
8.6.2.1.1 Overview
8.6.2.1.2 Salmon: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
8.6.2.2 Tuna
8.6.2.2.1 Overview
8.6.2.2.2 Tuna: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
8.6.2.3 Shrimps
8.6.2.3.1 Overview
8.6.2.3.2 Shrimps: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
8.6.2.4 Others
8.6.2.4.1 Overview
8.6.2.4.2 Others: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
8.7 Pets
8.7.1 Overview
8.7.2 Pets: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
8.7.2.1 Dogs
8.7.2.1.1 Overview
8.7.2.1.2 Dogs: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
8.7.2.2 Cats
8.7.2.2.1 Overview
8.7.2.2.2 Cats: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
8.8 Others
8.8.1 Overview
8.8.2 Others: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
9. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Country Analysis
9.1 Overview
9.1.1 South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, by Key Country
9.1.1.1 Brazil: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.1.1 Brazil: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, By Form
9.1.1.1.2 Brazil: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, by Application
9.1.1.2 Argentina: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.2.1 Argentina: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, By Form
9.1.1.2.2 Argentina: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, by Application
9.1.1.3 Rest of South & Central America: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.3.1 Rest of South & Central America: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, By Form
9.1.1.3.2 Rest of South & Central America: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, by Application
10. Company Profiles
10.1 Sopropeche SA
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Novozymes AS
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Janatha Fish Meal & Oil Products
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Symrise AG
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Kemin Industries Inc
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
11. Appendix
11.1 About Report Guidance
11.2 Word Index
List of Tables
Table 1. Figure: Protein Content in Fish Waste Types:
Table 2. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application -Revenue and Forecast to 2030 (US$ Thousand)
Table 3. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, by Form - Revenue and Forecast to 2030 (US$ Thousand)
Table 4. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, by Application- Revenue and Forecast to 2030 (US$ Thousand)
Table 5. Brazil: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, By Form - Revenue and Forecast to 2030 (US$ Thousand)
Table 6. Brazil: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, by Application- Revenue and Forecast to 2030 (US$ Thousand)
Table 7. Argentina: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, By Form - Revenue and Forecast to 2030 (US$ Thousand)
Table 8. Argentina: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, by Application- Revenue and Forecast to 2030 (US$ Thousand)
Table 9. Rest of South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, By Form - Revenue and Forecast to 2030 (US$ Thousand)
Table 10. Rest of South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, by Application- Revenue and Forecast to 2030 (US$ Thousand)
Table 11. List of Abbreviation
List of Figures
Figure 1. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application Segmentation
Figure 2. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application Segmentation - By Country
Figure 3. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application Overview
Figure 4. Dry Segment Held the Largest Market Share in 2022
Figure 5. The Rest of South & Central America Held the Largest Market Share in 2022
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Ecosystem: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application
Figure 9. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application Impact Analysis of Drivers and Restraints
Figure 10. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
Figure 11. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application Revenue Share, By Form (2022 and 2030)
Figure 12. Dry: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 13. Liquid: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 14. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application Revenue Share, By Application (2022 and 2030)
Figure 15. Poultry: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 16. Layers: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 17. Broilers: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 18. Others: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 19. Ruminant: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 20. Swine: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 21. Aquaculture: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 22. Salmon: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 23. Tuna: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 24. Shrimps: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 25. Others: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 26. Pets: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 27. Dogs: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 28. Cats: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 29. Others: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast To 2030 (US$ Thousand)
Figure 30. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application, by Key Country - Revenue (2022) (US$ Thousand)
Figure 31. South & Central America Fish Protein Hydrolysate Market for Animal Feed Application Revenue Share, by Key Country (2022 and 2030)
Figure 32. Brazil: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
Figure 33. Argentina: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)
Figure 34. Rest of South & Central America: South & Central America Fish Protein Hydrolysate Market for Animal Feed Application - Revenue and Forecast to 2030 (US$ Thousand)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Janatha Fish Meal & Oil Products
  • Kemin Industries Inc
  • Novozymes AS
  • Sopropeche SA
  • Symrise AG

Table Information