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Shrimp Hydrolysate Market to Reach US$ 675.9 Million by 2034, Growing at 8.7% CAGR
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Expanding Aquaculture Activities Propel Shrimp Hydrolysate Demand for High-Quality, Nutrient-Rich Feed Solutions. States Fact. MR
Expanding Aquaculture Activities Propel Shrimp Hydrolysate Demand for High-Quality, Nutrient-Rich Feed Solutions. States Fact. MR
According to Fact.MR, a market research and competitive intelligence provider, the global shrimp hydrolysate market is estimated to reach a valuation of US$ 293.5 million in 2024 and is expected to grow at a CAGR of 8.7% during the forecast period of 2024 to 2034.
The global shrimp hydrolysate market is on an upward trajectory as a result of the growing need for animal feed, aquaculture commodities, and food ingredients which are all sustainable and rich in nutrients. Hydrolysate of shrimp, a protein-dense product obtained from enzymatic digestion of shrimp waste has high value of its digestibility and bioactive materials used for health and growth in different markets namely aquafeed and pet food.
The growing concern over waste minimization and recovery in the seafood sector and the rising tendency towards circular economy principles have equally contributed to market expansion. In addition, it has been looked for incorporation in functional foods and nutraceuticals due to rising health consciousness among consumers and the need for natural raw materials of superior quality. R&D activities looking to improve product formulations and create new applications are on the rise in this market, spurring growth in various industries.
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Key Takeaways from the Market Study
“An increase in disposable incomes in the developing markets enhances the adoption rates of shrimp hydrolysate consumption.”says a Fact.MR analyst.
Development by Market Players in the Shrimp Hydrolysate Market
Pacific Bio (Vietnam): In Oct 2023, Pacific Bio (Vietnam) announced an increase in its production of bio-based animal feed solutions, focusing on sustainable and natural ingredients. The company’s products are gaining traction in Southeast Asian markets.
Agrinos AS: In Nov 2023, Agrinos AS expanded its biological solutions portfolio for sustainable agriculture, introducing new fish-based products aimed at improving crop yield while promoting environmental stewardship.
Aroma NZ Ltd: In February 2024, Aroma NZ Ltd. launched a new line of high-quality marine-derived nutraceuticals, including omega-3 and collagen products, aimed at boosting health and wellness in global markets.
Hydrolysates: Boosting Immune Function and Growth in Aquaculture
Shrimp hydrolysates have gained significant recognition in recent years for their ability to enhance both the growth and immunity of farmed aquaculture species. These hydrolysates are derived from bioavailable proteins, peptides, and amino acids, offering high digestibility that facilitates easier nutrient absorption by fish and shrimp.
One of the key advantages of shrimp hydrolysates is their bioactivity, which plays a crucial role in improving immune responses. This enhanced immunity provides aquatic species with greater resistance to diseases, particularly in high-density farming environments where infections can spread rapidly. As a result, hydrolysates contribute to overall stock health, reducing mortality rates and improving farm efficiency.
Additionally, the superior nutritional profile of shrimp hydrolysates supports accelerated growth rates, allowing farmed species to reach market size more quickly. Studies indicate that incorporating shrimp hydrolysates into aquafeeds improves feed conversion ratios, leading to healthier and more resilient aquatic stock. This, in turn, enhances production output and economic returns for aquaculture businesses.
Rising Seafood Exports Drive Demand for High-Quality Feed Ingredients
The increasing global trade in seafood, fueled by the expansion of aquaculture, has significantly boosted demand for high-quality feed ingredients. As seafood consumption rises, aquaculture producers are focusing on premium species such as fish and shrimp to meet growing market demands, particularly in North America, Europe, and Asia.
In this competitive landscape, there is a strong emphasis on advanced feed formulations that optimize growth and nutritional value. Shrimp hydrolysates, known for their ability to improve feed efficiency and enhance the quality of farmed seafood, have become a vital component of modern aquaculture practices.
This demand for high-quality feeds creates opportunities for producers to expand their margins in export markets. Enhanced feed conversion efficiency and faster production cycles offer cost advantages, making it more feasible for seafood-exporting nations to supply premium-quality products. As a result, countries rich in seafood resources are investing in advanced feed technologies, ensuring their aquaculture industries remain competitive while delivering superior seafood to global consumers.
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Key Companies Profiled:
Sopropeche
Hofseth BioCare ASA
Seagarden AS
Nikken Foods Co., Ltd
Diana Aqua
Copalis Sea Solutions
Nueva Pescanova Group
Pacific Bio
Ocean Pride Co., Ltd.
Aroma NZ Ltd.
Bio-Oregon
Agrinos AS
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global shrimp hydrolysate market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights based on Product Form (Powder, Liquid, Paste), Source (Pacific White Shrimp, Giant Tiger Prawn, Akiami Paste Shrimp, Others), Application (Aquaculture, Agriculture, Animal Feed, Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals, Others) & End-User Industry (Aquaculture, Agriculture, Animal Feed, Food & Beverage, Cosmetics, Pharmaceutical, Others ) Distribution Channel(Online Retails[E-commerce platforms, Manufacturer's online stores, Specialized online retailers], Offline Retails[Specialty Stores, Direct Sales, Distributors/Wholesalers, Agricultural Cooperatives]) across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and Pacific, Middle East & Africa).
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Shrimp hydrolysate is a protein-rich product derived from the enzymatic digestion of shrimp waste, used primarily in aquaculture and pet food for its high digestibility and nutritional value.
Aquaculture is the farming of aquatic organisms, including fish, crustaceans, and plants, in controlled environments for food production and other purposes.
CAGR stands for Compound Annual Growth Rate, which represents the mean annual growth rate of an investment over a specified time period, assuming the investment grows at a steady rate.
A circular economy is an economic system aimed at eliminating waste and the continual use of resources, focusing on sustainability and the lifecycle of products.
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