As more people become aware of the high protein content of protein hydrolysates for animal feed applications, it has become extensively used in numerous industries. Protein hydrolysates for animal feed are used in various products, including medicines, nutraceuticals, food and beverages, cosmetics, pet food, and animal and poultry feed. The protein found in animals differs depending on the species.
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Data Bridge Market Research analyses that a growth rate in the Global Protein Hydrolysates for Animal Feed Application Market is expected to reach USD 1405.76 million by 2029 from USD 855.81 million in 2021, growing substantially CAGR of 6.40% in the forecast period of 2022 to 2029. Rising development and concern towards the manufacture of eco-friendly biocides will likely increase the growth of the global biocides market.
Key Findings of the Study:
The global protein hydrolysates for animal feed application market is expected to reach USD 1405.76 million by 2029 from USD 855.81 million in 2021, growing with a substantial CAGR of 6.40% in the forecast period of 2022 to 2029.
- Asia-Pacific dominates the protein hydrolysates for the animal feed application market because Chinese consumers are more conscious of their health and prefer animal protein hydrolysates.
- The powder segment accounted for the largest share because feeding the animal with powder-related products rather than paste is easy.
- North America is expected to register lucrative growth over the forecast period of 2022 to 2029 because of growing consumer interest in feeding their animals the best products in this region.
High demand from various end-user industries is expected to drive the market's growth rate
Protein hydrolysates for animal feed application have fast properties of absorption that help in the growth of lean muscle mass while also decreasing the risks of high blood pressure and hypertension in consumers. They are thus extensively used in protein supplements and sports nutrition. It is also used to cure Crohn's disease and Irritable Bowel Syndrome (IBS) and hypoallergenic protein food for infants with lactose and gluten intolerance and celiac disease. Therefore, demand from various end-user industries will likely boost the market growth during the forecast period.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014- 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Source (Animal Protein Hydrolysate, Protein Hydrolysates for Animal Feed Application, Plant Protein Hydrolysate, and Milk Protein Hydrolysate), Form (Powder and Paste), Livestock (Poultry, Swine, Cattle, Calves, Aquaculture, Equine and Pet), Technology (Acid Hydrolysis and Enzymatic Hydrolysis), Application (Industrial and Commercial)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Hofseth BioCare ASA (Norway), Diana Group (Brittany), Bio-marine Ingredients Ireland (Ireland), Copalis (France), Janatha Fish Meal & Oil Products (India), Scanbio Marine Group AS (Norway), Sopropêche (France), Omega Protein Corporation (U.S.), Sociedad Pesquera Landes Sa (Chile), TC Union Agrotech and United Fisheries (Thailand)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
The protein hydrolysates for animal feed application market is segmented on the basis of source, form, livestock, technology, and application.
- On the basis of source, the protein hydrolysate for animal feed application market is segmented into animal protein hydrolysate, fish protein hydrolysate, plant protein hydrolysate, milk protein hydrolysate. Animal protein segment is expected to dominate the global protein hydrolysate for animal feed application market with 37.09% market share because these products have high energy content which is extensively aiding in regeneration of tissues in the animals.
- On the basis of form, the protein hydrolysate for animal feed application market is segmented into powder and Paste. Powder segment is expected to dominate the global protein hydrolysate for animal feed application market with 62.77% market share because it is easy to feed animal with the powder related products rather than paste.
- On the basis of livestock, the protein hydrolysate for animal feed application market is segmented into poultry, swine, cattle, calves, aquaculture, equine and pet.
The poultry segment of livestock segment is anticipated to dominate the protein hydrolysates for animal feed application market
Poultry segment is expected to dominate the global protein hydrolysate for animal feed application market with 34.77% market share because poultry animals are used in extensive applications. Also, the poultry animal products such as meat, milk, eggs are high in demand among consumers owing to which the poultry owners are feed their animals with best quality feed products to enhance the best outcomes from them.
- Based on technology, the protein hydrolysate for animal feed application market is segmented into acid hydrolysis and enzymatic hydrolysis.
The enzymatic hydrolysis segment of technology segment is anticipated to dominate the protein hydrolysates for animal feed application market
Enzymatic hydrolysis segment is expected to dominate the global protein hydrolysate for animal feed application market with 63.77% market share because this technology is easy to use and required less expense as compare to other technologies and delivers the best result.
- Based on application, the protein hydrolysate for animal feed application market is segmented into commercial and industrial. Enzymatic hydrolysis segment is expected to dominate the global protein hydrolysate for animal feed application market with 76.95% market share because industries use the animal proteins in the production of animal feed products.
Major Players
Data Bridge Market Research recognizes the following companies as the major protein hydrolysates for animal feed application market players: Hofseth BioCare ASA (Norway), Diana Group (Brittany), Bio-marine Ingredients Ireland (Ireland), Copalis (France), Janatha Fish Meal & Oil Products (India), Scanbio Marine Group AS (Norway), Sopropêche (France), Omega Protein Corporation (U.S.)
Market Development
- In 2020, Bioiberica S.A.U. extended its business portfolio by entering into the Taiwanese market with the help of distributor Vetnostrum. The company launched three internal health and joint products: Calmurofel, Condrovet Force HA, and Impromune. The development will benefit the company in growing its global sales and profit maximization.
- In 2020, Bioiberica S.A.U. Introduced Palbio 50 RD, a high-quality protein source for animal feed such as laying hens and broilers. This new product has aided the company in growing its revenue by providing more products in its portfolio.
Regional Analysis
Geographically, the countries covered in the protein hydrolysates for animal feed application market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in protein hydrolysates for animal feed application market during the forecast period 2022 to 2029
Asia-Pacific dominates the protein hydrolysates for animal feed application market because Chinese consumers are more conscious regarding their health and prefer animal protein hydrolysates. Furthermore, increasing the production of protein hydrolysates will further boost the market growth in this region.
North America is estimated to be the fastest growing region in protein hydrolysates for animal feed application market in the forecast period 2022 to 2029
North America is expected to grow from 2022 to 2029 because of growing consumer interest in feeding their animals the best products in this region. Additionally, the increasing demand for protein hydrolysates for animal feed applications and high consumer income will further boost market growth.
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