Protein hydrolysate for animal feed application market to derive enormous proceeds via fish protein hydrolysate over 2017-2024, collaborations and acquisition bids to characterize global industry landscape
Thriving on the burgeoning demand for nutrient enriched and healthy animal feed products, protein hydrolysate for animal feed application market has been witnessing immense commercialization potential over the recent years. A marked increase in the consciousness regarding livestock health across the globe has further acted as a pivotal factor to have propelled the growth prospects of this steadily growing niche vertical of food, nutrition, and animal feed industry. For the record, protein hydrolysates have acquired a significance across the livestock arena, as they provide appropriate amounts of collagen and peptides which are crucial for the healthy growth of goats, swine, equine, poultries, and sheep.
U.S. Protein Hydrolysate for Animal Feed Application Market Size, By Source, 2016 & 2024, (Kilo Tons)
It is quite imperative to mention that the overall protein hydrolysate for animal feed application market stakeholders have been offering a range of products including animal based protein hydrolysate, plant based protein hydrolysate, fish based protein hydrolysate, and milk based protein hydrolysate, to assist the livestock and animal rearing business space.
Concurrently, the fish protein hydrolysates have been garnering extensive popularity in the recent times. These products have encompassed the swiftly growing poultry industry owing to its rich content of calcium, fats, and protein which are vital for the growth of broilers. Apparently, the fish residues are used in cattle and poultry feed which subsequently results in delivering of healthier eggs and milk, something which has propelled the growth potential of the overall protein hydrolysate for animal feed application market.
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Considering the aforementioned aspects, it is quite obvious that fish protein hydrolysate would command a majority share of the overall revenue portfolio of this business space. In fact, as per a research report compiled by Global Market Insights, Inc., fish protein hydrolysate for animal feed application industry size is anticipated to exceed USD 320 million by the year 2024.
How acquisitions and partnerships would shape the growth dynamics of protein hydrolysate for animal feed application market in the immediate future
While elaborating further upon the upcoming trends that would influence the protein hydrolysate for animal feed application industry, it would be prudent to mention that this business space has been swamped with takeovers and collaborations in the recent past. Enumerated below are a few instances which highlight the significance of how forming robust alliances and acquisitions among prominent industry players has consequentially impacted the progression probabilities of this business sphere:
- One of the leading protein hydrolysate for animal feed application market giant, Hofseth BioCare ASA (HBC) had forged a distribution contract with Aceto Health Ingredients GmbH to dispense its fish protein hydrolysate. Apparently, the contract lends Aceto exclusive authority to distribute HBC’s flagship salmon protein across the European Union nations. Reportedly, the Norway headquartered firm’s hydrolyzed salmon protein is regarded as a high-quality product backed up by extensive clinical findings. It is also being said that the agreement is first of its kind for HBC and would assist the firm in making its mark in this highly competitive business vertical. Needless to say, the partnership, formed in 2014, has been primarily aimed at tapping into the rapidly evolving Europe protein hydrolysate for animal feed application industry.
- In a bid to fortify its stance in the US protein hydrolysate for animal feed application market, the Missouri based food ingredients supplier 3D Corporate Solutions has recently acquired a majority stake in BlueWave Marine Ingredients. With the rapid development in membrane technology, BlueWave is known to have manufactured fish protein hydrolysate that meets economic and organoleptic requirements of the overall protein hydrolysate for animal feed application market place. Apparently, the advanced technology developed by BlueWave would provide a robust foundation to 3D Corporate Solutions to commence its marine based protein products manufacturing. Experts have termed the latest acquisition as significant, given that it would fuel the overall US protein hydrolysate for animal feed application industry progression.
With a marked increase in technological advancements coupled with governmental initiatives to boost the livestock industry, protein hydrolysate for animal feed application market share is bound to garner extensive benefits over the estimated timeframe. In addition to this, numerous industry participants appear optimistic to invest in the regions where livestock industry has been flourishing. Moreover, the prospects of joint ventures and mergers & acquisitions seem rather apparent which would strengthen the global presence of leading market players and enhance product portfolio. As per reliable estimates, the global protein hydrolysate for animal feed application market is slated to surpass a total remuneration portfolio of USD 835 million by 2024, which reinforce the efficacy of the aforementioned declarations.
Author Name : Saif Ali Bepari