Sellbyville, DE -- (SBWIRE) -- 11/28/2018 -- Fish protein hydrolysates are highly used in the poultry industry owing to its rich content of protein, calcium and fats which are highly essential for the growth of broilers. Fish residues are used in poultry and cattle feed which ultimately results in delivering of healthier milk and eggs, which will parallelly drive the demand of protein hydrolysates. Protein Hydrolysate for Animal Feed Application Market is set to surpass USD 835 million by 2024; according to a new research report by Global Market Insights, Inc.

Rising demand for healthy and nutrient enriched animal feed coupled with growing consciousness about livestock health should stimulate the demand of protein hydrolysate for livestock feed application. The product has been considered as a significant ingredient as it provides sufficient amount of peptides and collagen for the healthy growth of poultries, swine, goats, sheep, and equine, thereby driving the product demand.

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North America led by the U.S. Mexico, and Canada protein hydrolysate for animal feed application market should registered a significant growth at over 4.5% due to growing animal nutrition and feed additive industry. These products are used in animal nutrition for improving feed quality, performance and health by providing enhanced digestibility of the feed materials, thereby driving the regional market size.

Fish waste, soy meal and sunflower meal, meat, blood and feather meal are the key raw materials used for producing protein hydrolysates for the application of animal feed. The fishing industry produces a large amount of waste in fish and processing industries. The by-products are used for the manufacture of protein hydrolysates for aquaculture and various livestock species.

Bovine protein hydrolysates market size for livestock feed application is witnessed to surpass over USD 30 million by 2024. It includes beta-lactoglobulin, alpha-lactalbumin, lactoferrin, serum albumin, immunoglobulins and secretory components, which forms the essential nutrients for cattle and poultry, thus driving protein hydrolysates market size.

Plants are a cheap and abundant source of edible proteins and enzymatic hydrolysates from plants are used in various livestock application. It is highly recommended as they provide high source of soluble peptides, amino acids, essential elements of cell culture and vitamins into livestock.

Europe led by Germany, Italy, France, and UK protein hydrolysates for animal feed application market should registered a significant growth at over 4.5% owing to large number of livestock production. European livestock production systems currently occupy over 27% of the land surface that is equivalent over 64% of the agricultural land, parallelly propelling the product demand.

Protein hydrolysate market demand from calve application will reach USD 35 million during the projected timespan. Digestibility factor in calves have been 10% to 30% lower than for dried skim milk, thereby propelling industry growth.

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Soy protein hydrolysates for animal feed application market is estimated to reach over USD 75 million by 2024. Purity and clarity of the products are the result of a continuous improvement in the selection and optimization of the best supply chain and a stable and capable process, thus driving market growth.

Asia Pacific protein hydrolysates for animal feed application market is estimated to reach over USD 260 million during the projected timeline due to expansion of aquaculture industry. China produced over 65 million tons of aquatic products in 2016 on account of increasing appetite for seafood from fishing and aquaculture, thus stimulating regional industry growth.

Whey protein hydrolysates for livestock feed application market is projected to increase at a growth rate of 4.5% over forecast period. The product is rich in amino acid and adds various nutrient value to the feed. It is produced through the enzymatic process of whey powder which leaves the essential amino acids and retains high protein, thereby driving the market size. Sopropeche, Copalis Sea, Hofseth Biocare, C.R. Brown, Akola Chemicals, Nutrifish, A Constantino are the prominent industry participants in protein hydrolysate for animal feed application market.