The fish peptones market is estimated to secure a valuation of USD 1.6 Billion in 2023 and is estimated to rise to USD 2.5 Billion by 2033. The market is anticipated to grow at a CAGR of 4.6% during the forecast period. The factors accelerating the demand for fish peptone are as follows-
The increasing usage of fish peptones across various industries like food & beverages, and health & wellness, are likely to drive the fish peptone market during the forecast period. Fish peptone is used as a nutrient-rich additive in many biotechnology applications and the production of pet food & animal feed.
Fish peptones come with various health benefits which makes them widely accepted globally. Also, the rising consumer awareness related to fat-free and high-nutrient food products propels the market trend. The increased demand for dietary supplements is increasing the adoption of the fish peptone market
On the regional end, the fish peptones market in North America is expected to account for the maximum share during the analysis period due to the increased application of fish peptones in the production of different biosurfactants. Also, the presence of major leading players like thermos fisher scientific, Merck KGaA, and Bio-Rad Laboratories drive the market growth in the region.
The growing health concerns are anticipated to boost product demand. This is the key factor driving the growth of fish peptones in the European region.
Asia Pacific dominated the global fish peptone market during the forecast period owing to the advances in research and development activities in the region. The top countries like India, China & Japan are leading the Asian market by contributing a significant share during the forecast period.
The leading players operating in the fish peptone market include HiMedia Laboratories, Thermo Fisher Scientific, Biomega AS, Kerry, Azelis, Titan Biotech, Crescent Biotech, BD Biosciences, Solabia, Neogen, Organo technique, and North Central company among others.
The prominent players play a crucial role in the global market by capturing a maximum share. Also, the market players are heavily investing in research & development activities to increase their product portfolio.
For instance, HiMedia has a wide range of peptones available peptone water, soya peptone, Gelatine Peptone, and fish peptone
The market is expected to continue to grow during the forecast period driven by increasing demand for protein-rich food products & increased importance of aquaculture in meeting the needs. With the growing application of fish peptones, there are several start-ups engaged in manufacturing fish peptones, catering to the growing demand for the product. Following are the several fish peptone market start-ups-
For instance, Nutrifish is a start-up that produced fish peptone from waste fish. The company’s process involves extracting protein from fish waste, which is then hydrolyzed to produce fish peptone. This process is environmentally sustainable and helps to reduce waste.
Aroma Biotech is a start-up that produces fish peptones from fresh fish. The process involves hydrolyzing fish with enzymes, which are then removed by filtration. This fish peptone can be used in different applications including the production of food & beverage products.
| Data Point | Key statistics |
|---|---|
| Expected Market value in 2023 | USD 1.6 Billion |
| Projected Market Value in 2033 | USD 2.5 Billion |
| Growth Rate (2023 to 2033) | CAGR of 4.6% |
Fish peptones, a protein decomposition product, are obtained from different marine fish species, such as marmorata and silver carp. Market-available products are brown-yellow or light-yellow powders with a low molecular weight category.
If mixed with vegetable/fruit juice, fish peptones can contribute to health and wellness attributes well enough. These qualities are driving the market with a high CAGR over the forecast period.
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Conversion of fish peptones from protein sources was not easy before, they were not sustainable as well. This was increasing overall production cost of the product.
Recent advancements in research and technology-enabled manufacturers to discard the problem, as new sustainable bioconversion methods are now available for the production of fish peptones.
Different sources of proteins are being hydrolyzed now to form fish peptones by using alkalis, acids, or proteases under different hydrolysis conditions, which is making the product more acceptable in terms of more availability of amino acids in the product, as well as usage of the product in different other industries, like food and beverages, and pet care industries, thus driving sales of fish peptones.
The USA and Canada market is utilizing fish peptones mainly in the production of different biosurfactants. Fish heads and fish levers are being used as nitrogen and carbon sources in those peptone products.
This is providing much support as a medium for bacterial growth in the continuous production of biosurfactants. This production medium can further be used in industrial lipopeptide production, as they minimize production cost and maximize bacterial performance.
Nitrogen source selection for the production of biosurfactants has been difficult for a long time, because of their low yield in culture media. As per research, readily market-available different inorganic nitrogen sources cannot produce as much yield in the final product as fish peptones. This reason is propelling the market over the region.
The fish peptones market in the European region was experiencing low growth till now, but recent declaration and clarification by EMA (European Medicines Agency) for the usage of fish peptones in manufacturing quality medicinal products as an active substance has geared up the market over the region to deliver more of the product as a raw material for the pharmaceutical industry.
EMA has further announced that manufacturers can declare fish peptones as an ingredient in fermentation processes also.
As manufacturers can document the usage of the product without being notified by regulatory bodies, and any minor change related to the peptone being used can be adjusted now, access to fish peptones has skyrocketed since then by different suppliers in Europe.
Some of the key manufacturers in the fish peptones market include
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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| Estimated Industry Size (2024E) | USD 209.7 million |
|---|---|
| Projected Industry Value (2034F) | USD 316.4 million |
| Value-based CAGR (2024 to 2034) | 4.2% |
| Estimated Size (2024E) | USD 1,473.9 million |
|---|---|
| Projected Value (2034F) | USD 2,664.5 million |
| Value-based CAGR (2024 to 2034) | 6.1% |
| Market Size Value in 2023 | USD 116,480 million |
|---|---|
| Market Forecast Value in 2033 | USD 163,530 million |
| Growth Rate (2023 to 2033) | 3.5% CAGR |
| Market Valuation (2023) | USD 783.75 million |
|---|---|
| Market Valuation (2033) | USD 1,217.14 million |
| Market CAGR (2023 to 2033) | 4.5% |
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Fish Peptones Market
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