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Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application Forecast to 2030
Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application Forecast to 2030 – Regional Analysis – by Form (Dry and Liquid) and Application [Poultry (Layers, Broilers, and Others), Ruminant, Swine, Aquaculture (Salmon, Tuna, Shrimps, and Others), Pets (Dogs and Cats), and Others]
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Description
Rising Pet Humanization Fuels Middle East & Africa 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.
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.
Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application Overview
The growing trend of pet humanization and burgeoning expenses on animal well-being are the few prominent factors supporting the growth of the animal feed industry. According to the 2022 Alltech Global Feed Survey and Agri-Food Outlook report, pet food production in Africa grew by 2.3% to ~454,000 metric tons. In addition, the surging demand for protein-formulized animal feed obtained from fish and chicken propels the growth of the animal feed industry in the Middle East & Africa. Animal feed producers are increasing the demand for ingredients such as fish protein hydrolysate (FPH) and incorporating them into producing aqua, poultry, and swine feed.
Further, in 2019, East Africa Animal Feed Action Plan was developed to provide broad opportunities for animal feed producers, governments, and the private sector, and humanitarian organizations at the national and regional levels. It provides a guided approach to collectively overcome the problems of animal feed and support the sustainable production of quality animals and products. Fish protein hydrolysate (FPH) is an excellent emulsifier and foaming agent with higher protein solubility. Due to these specific functional properties, it promotes feed intake and utilization. It improves the health of the fish as the low molecular weight bioactive peptides in fish protein hydrolysate (FPH) result in immune-stimulating and antibacterial properties. Hence, the addition of fish protein hydrolysate (FPH) makes aquafeed nutritious. Thus, the growing adoption of nutritious animal feed is likely to overcome the regional animal feed quality problems and offer lucrative growth opportunities for the fish protein hydrolysate (FPH) market during the forecast period.
Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application Segmentation
The Middle East & Africa fish protein hydrolysate market for animal feed application is segmented into form, application, and country.
Based on form, the Middle East & Africa fish protein hydrolysate market for animal feed application is bifurcated into dry and liquid. The dry segment held a larger share of the Middle East & Africa fish protein hydrolysate market for animal feed application in 2023.
Based on application, the Middle East & Africa 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 Middle East & Africa fish protein hydrolysate market for animal feed application in 2023.
Based on country, the Middle East & Africa fish protein hydrolysate market for animal feed application is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East and Africa. The Rest of Middle East and Africa dominated the Middle East & Africa 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 Middle East & Africa fish protein hydrolysate market for animal feed application.
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According to the Research Team’ research, the Middle East & Africa fish protein hydrolysate market for animal feed application was valued at US$ 16.19 million in 2023 and is expected to reach US$ 22.93 million by 2030, registering a CAGR of 5.1% from 2023 to 2030. Growing fish waste revolutionized the FPH demand and nutritional benefits of fish protein hydrolysate in animal nutrition are the critical factors attributed to the Middle East & Africa fish protein hydrolysate market for animal feed application expansion.
There is a rapid growth in the production of fisheries and aquaculture industry driven by the development of fishing technologies. With rising production of fisheries across the globe, fish waste is produced in a substantial amount. According to The National Institute of Biotechnology Information (NCBI), about two-thirds of the total fish production is discarded as waste. According to the Food and Agriculture Organization (FAO), apart from the quality losses in the supply chain worldwide, about 130 million tonnes of fish waste is produced yearly (i.e., ~75% of total fish production). The large amount of fish waste creates enormous economic and environmental concerns. Thus, the recycling and disposal of these wastes have become an important, compelling issue. Fish waste can be converted into value-added products such as FPH by adding various proteolytic enzymes. The skin, heads, bones, viscera, and liver of fish waste is a good source of amino acids, antioxidants, proteins, and peptides. The waste has also been found to possess desirable bioactive and functional peptides. Thus, companies are highly emphasizing on using fish waste as protein for various industries, animal feed being one of the significant industries. Thus, increasing fish waste by aquaculture and fisheries boosts FPH production which is driving the demand for the product in the animal feed industry.
On the contrary, challenges related to supply chain hampers the Middle East & Africa fish protein hydrolysate market for animal feed application.
Based on form, the Middle East & Africa fish protein hydrolysate market for animal feed application is segmented into dry and liquid. The dry segment held 70.1% share of Middle East & Africa fish protein hydrolysate market for animal feed in 2023, amassing US$ 11.35 million. It is projected to garner US$ 16.20 million by 2030 to expand at 5.2% CAGR during 2023-2030.
Based on application, the Middle East & Africa 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 54.7% share of Middle East & Africa fish protein hydrolysate market for animal feed in 2023, amassing US$ 8.86 million. It is projected to garner US$ 12.64 million by 2030 to expand at 5.2% CAGR during 2023-2030.
Based on country, the Middle East & Africa fish protein hydrolysate market for animal feed application is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East and Africa. Our regional analysis states that the Rest of Middle East and Africa captured 39.3% share of Middle East & Africa fish protein hydrolysate market for animal feed in 2023. It was assessed at US$ 6.37 million in 2023 and is likely to hit US$ 8.65 million by 2030, exhibiting a CAGR of 4.5% during 2023-2030.
Key players operating in the Middle East & Africa fish protein hydrolysate market for animal feed application are Janatha Fish Meal & Oil Products, Kemin Industries Inc, Novozymes AS, Sopropeche SA, and Symrise AG, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa fish protein hydrolysate market for animal feed application, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1.1 Study Scope
1.2 the Research Team 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. Middle East & Africa 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. Middle East & Africa 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- Middle East & Africa Market Analysis
6.1 Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application Overview
6.2 Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application -Revenue and Forecast to 2030 (US$ Thousand)
7. Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application Analysis – By Form
7.1 Overview
7.2 Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, By Form (2022 and 2030)
7.3 Dry
7.3.1 Overview
7.3.2 Dry: Middle East & Africa 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: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8. Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application Analysis – By Application
8.1 Overview
8.2 Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, By Application (2022 and 2030)
8.3 Poultry
8.3.1 Overview
8.3.2 Poultry: Middle East & Africa 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: Fish Protein Hydrolysate 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: Fish Protein Hydrolysate 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: Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.4 Ruminant
8.4.1 Overview
8.4.2 Ruminant: Middle East & Africa 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: Middle East & Africa 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: Middle East & Africa 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: Fish Protein Hydrolysate 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: Fish Protein Hydrolysate 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: Fish Protein Hydrolysate 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: Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.7 Pets
8.7.1 Overview
8.7.2 Pets: Middle East & Africa 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: Fish Protein Hydrolysate 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: Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
8.8 Others
8.8.1 Overview
8.8.2 Others: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
9. Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application -Country Analysis
9.1 Overview
9.1.1 Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, by Key Country
9.1.1.1 Saudi Arabia: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application -Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.1.1 Saudi Arabia: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, By Form
9.1.1.1.2 Saudi Arabia: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, by Application
9.1.1.2 UAE: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application -Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.2.1 UAE: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, By Form
9.1.1.2.2 UAE: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, by Application
9.1.1.3 South Africa: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application -Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.3.1 South Africa: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, By Form
9.1.1.3.2 South Africa: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, By Application
9.1.1.4 Rest of Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application -Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.4.1 Rest of Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, by Form
9.1.1.4.2 Rest of Middle East & Africa 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 the Research Team
11.2 Word Index
LIST OF TABLES
Table 1. Figure: Protein Content in Fish Waste Types:
Table 2. Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application -Revenue and Forecast to 2030 (US$ Thousand)
Table 3. Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, by Form – Revenue and Forecast to 2030 (US$ Thousand)
Table 4. Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, by Application- Revenue and Forecast to 2030 (US$ Thousand)
Table 5. Saudi Arabia: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, By Form – Revenue and Forecast to 2030 (US$ Thousand)
Table 6. Saudi Arabia: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, by Application- Revenue and Forecast to 2030 (US$ Thousand)
Table 7. UAE: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, By Form – Revenue and Forecast to 2030 (US$ Thousand)
Table 8. UAE: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, by Application- Revenue and Forecast to 2030 (US$ Thousand)
Table 9. South Africa: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, By Form – Revenue and Forecast to 2030 (US$ Thousand)
Table 10. South Africa: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, By Application- Revenue and Forecast to 2030 (US$ Thousand)
Table 11. Rest of Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, by Form – Revenue and Forecast to 2030 (US$ Thousand)
Table 12. Rest of Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, by Application- Revenue and Forecast to 2030 (US$ Thousand)
Table 13. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application Segmentation
Figure 2. Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application Segmentation – By Country
Figure 3. Middle East & Africa 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 Middle East & Africa Held the Largest Market Share in 2022
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Ecosystem: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application
Figure 9. Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast to 2030 (US$ Thousand)
Figure 11. Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application Revenue Share, By Form (2022 and 2030)
Figure 12. Dry: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 13. Liquid: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 14. Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application Revenue Share, By Application (2022 and 2030)
Figure 15. Poultry: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 16. Layers: Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 17. Broilers: Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 18. Others: Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 19. Ruminant: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 20. Swine: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 21. Aquaculture: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 22. Salmon: Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 23. Tuna: Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 24. Shrimps: Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 25. Others: Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 26. Pets: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 27. Dogs: Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 28. Cats: Fish Protein Hydrolysate for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 29. Others: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application – Revenue and Forecast To 2030 (US$ Thousand)
Figure 30. Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application, by Key Country- Revenue (2022) (US$ Thousand)
Figure 31. Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application Revenue Share, by Key Country (2022 and 2030)
Figure 32. Saudi Arabia: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application -Revenue and Forecast to 2030 (US$ Thousand)
Figure 33. UAE: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application -Revenue and Forecast to 2030 (US$ Thousand)
Figure 34. South Africa: Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application -Revenue and Forecast to 2030 (US$ Thousand)
Figure 35. Rest of Middle East & Africa Fish Protein Hydrolysate Market for Animal Feed Application -Revenue and Forecast to 2030 (US$ Thousand)
The List of Companies – Middle East & Africa Fish Protein Hydrolysate Market
1. Janatha Fish Meal & Oil Products
2. Kemin Industries Inc
3. Novozymes AS
4. Sopropeche SA
5. Symrise AG
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