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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]

February 2024 | 126 pages | ID: M3703CD26016EN
The Insight Partners

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The Middle East & Africa fish protein hydrolysate market for animal feed application is expected to grow from US$ 16.19 million in 2023 to US$ 22.93 million by 2030. It is estimated to grow at a CAGR of 5.1% from 2023 to 2030.
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.
1. INTRODUCTION

1.1 Study Scope
1.2 The Insight Partners 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 Insight Partners
11.2 Word Index


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