Growing demands for organic food products has fuelled the demand for organic fertilizers. Fish hydrolysate is one such organic fertilizer which is used to enhance the nourishment of plants by a chemical-free process. Fish hydrolysate is a bioactive compound which is manufactured by decomposing the minced fish along with enzymes such as proteases, lactobacillus thereby ensuring the natural process of procuring the organic fertilizer to plant. As fish hydrolysate is rich in protein and essential vitamins, it has immense application in food processing and nutraceutical supplements. Fish hydrolase has higher bioavailability and absorption characteristics as compared to other whole proteins, which are extensively beneficial for post-exercise recovery and in muscle building. As a result, demand for fish hydrolysate applications in sports nutrition and slimming food products has been witnessing a significant increase in the recent past. Increasing number of affluent consumers coupled with rising awareness regarding health and nutrition-related issues in developed regions such as North America and Europe are the key factors driving demand for new, healthy specialist nutrition products such as fish hydrolysate based nutrition, and this trend is expected to continue to drive growth of the market over the forecast period.
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Growing Demands for Fish Hydrolysate in ‘Nutricosmeceuticals’
There is a huge demand for fish hydrolysate and processed fish protein hydrolysate in recent years due to changing consumer preference over chemical-free ingredients. Due to the presence of a high concentration of vitamin A, D and minerals, the fish hydrolysate is used as a protein ingredient due to the presence of high collagen content. As fish hydrolysate has translucent property, it is also used as a gelatin in flavored and non-flavored food products. Along with application in food industries, the fish hydrolysate also finds wide application in the animal feed industries. The fish hydrolysate is used as a binding agent in fish-derived per food products such as fish meal. As fish hydrolysate is rich in essential micronutrients, it helps for healthier bone and skin development of the animals. Fish hydrolysate finds its application in organic cosmetics, which is expected to bring wider opportunities for the investors. Fish hydrolysate has various health benefits which include lowering blood pressure, anti-aging properties for skin, which enables its application over pharmaceuticals. Thus fish hydrolysate is used as organic ‘nutricosmeceuticals’ (nutritional supplement, cosmetic ingredient and intensified used in pharmaceuticals). Due to the wide application of fish hydrolysate, there is a considerable development in the infrastructure of the supply chain over the years. The multi-utility fish hydrolysate is anticipated to grow positively during the forecast period.
Global Fish Hydrolysate: Market Segmentation
On the basis of form, the global fish hydrolysate market has been segmented as-
On the basis of application, the global fish hydrolysate market has been segmented as-
- Food Industries
- Feed Industries
On the basis of distribution, the global fish hydrolysate market has been segmented as-
- Indirect Supermarket/Hypermarket Pharmaceuticals Specialty stores E-commerce
Global Fish hydrolysate: Key Players
Some of the major players of fish hydrolysate Gelita, Weishardt, NIPPI Corporation, Cosen Biochemical Co. Ltd, Shanghai Haijiantang Group Co., Ltd, Vital Garden Supply, BuildASoil, LLC, Green Life Soil Co, Northern Baits, Bowls Central, etc. More product developers and industrialists have been showing a keen interest in fish hydrolysate due to inflating demand.
Opportunities for market participants:
As a natural and organic fertilizer, fish hydrolysate has emerging demand among consumers and product developers all over the world. In addition, fish hydrolysate has numerous health benefits in pharmaceuticals and multiple application in nutraceuticals and food processing industries which are driving its demand across the world, it is anticipated that there would be higher returns for the investors of fish hydrolysate in the future.
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Global Fish hydrolysate: A Regional Outlook
Fish hydrolysate is widely used across the world due to its ample benefits. Globally, among all regions, Europe has the higher consumption of fish hydrolysate due to growing consumer preference for organic fertilizer. In the region of North America, the fish hydrolysate is highly used in feed processing industries as a nutrient-rich binding agent. In the Asia Pacific, the increasing demand for organic food has contributed to the growth of fish hydrolysate market. In Latin America and MEA, the fish hydrolysate is used for pharmaceuticals and pet feeds. Bound to these factors, the growth of the global fish hydrolysate market is expected to remain positive over the forecast period.