Animal Protein Ingredients Market – Global Industry Analysis and Forecast (2023-2029) by Type, Application and Region

Animal Protein Ingredients Market reached a value of US $ 54.22 Bn. in 2022. Global Animal Protein Ingredients Market size is estimated to grow at a CAGR of 5.6%. The market is expected to reach a value of US $ 79.39 Bn in 2029.
Animal Protein Ingredients Market Overview:
Animal protein is those proteins which bring out from various sources such as – milk, meat, dairy, fish, egg, etc. which fulfill the needs of food & beverages, health care, animal husbandry, cosmetics, and others. There is different kind of variants are available in the market which also includes egg protein, various forms of dairy protein, fish protein, gelatin. However cosmetic and personal care industry is also expected to grow the animal protein market in the forecast period. It is also used for health benefits that boost the human body's immune system. Demand in meat products gives the manufacturers to drive the market successfully. The by-product of the animal feed protein market is so important and also a valuable aspect for the various production chain. Around 70 percent of the total protein ingredient market beast’s protein dominates the market. The market of animal protein ingredients is influenced by the fluctuation of prices of end-use dynamics. The preference of purchasing the protein product also fluctuates according to the nature of demand in the market.

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2022 is considered as a base year to forecast the market from 2023 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.
Animal Protein Ingredients Market Dynamics:
With the emerging population of the world, the values and volume of production of the animal protein ingredient market also increase. Different urbanization rates and growing consumer obtaining power of the product is a major key factor for driving the market in the forecast period. Animal protein products bring out from various sources in which the food and pharmaceuticals industry play a vital role to boost the market. As people are getting health conscious, meat products give boost energy for the human body in which animal feeds consumption products are an essential part. As a result the volume of sales increases accordingly which is also a key factor for driving the market. A new adaptation of various technologies in the protein ingredient industry is increasing day by day which pushes the market as well. Consumers become aware of maintaining health which plays a critical role to improve the human body's immune system and also reduces the risk of various diseases like heart attack, kidney disease, cancer, and others. Animal protein products fulfill the basic needs of these various causes.

There is a culture restriction in gelatin or in animal feed products which is a key factor for restraining the animal protein market. People who are religious and have dietary restrictions may not willing to consume the animal products such as gelatin. It may be seen that in Middle Eastern countries or Muslim community some of the pork products are avoided by them thus the market of animal protein products are negligible which is also a major factor for restraining the market as well.

There is a big opportunity in animal feed products globally especially for dairy products which give egg, fish, or other meat products. Dairy products have different kinds of properties such as gelling, foaming, heat stabilization, which has high neutralization capabilities is expected to be the biggest opportunity for the animal protein ingredient market as well. The cost-cutting in animal feed products by the different manufacturers is also giving the best opportunity to this market.

The fluctuation of cost in animal protein ingredient products given by different competitors gives the biggest threat to the market. Also, people are getting health conscious and animal feeds have various negative aspects like fat gain, etc. This one is also the biggest challenge to the market.
Animal Protein Ingredient Market Segment Analysis:
Based on the Product, the market is segmented as dairy protein, egg protein, fish protein, and Gelatin. The egg protein segment is expected to dominate the market in the forecast period. The growth of egg protein has a high consumption of various food products such as snack products, bakery products, and seafood products. This kind of consumption of foods are highly nutritious in the human body therefore people used to prefer this in a variety of range. The egg protein segments are mainly used in breakfasts, for gym purposes, used by sportsperson and others which is the major reason for dominating the market in the forecast period. However, the Gelatin segment is expected to grow at CAGR of xx% during the forecast period. Fish protein and dairy products are also having the advantage of gaining nutrition in the body but due to their less efficiency as compared to other segments, these segment doesn’t exist in the market for a longer duration.

Based on the Form, the market is segmented as Solid and Liquid. The solid segment held the highest animal protein market share of xx% in 2022. Solid segments are easy to use and consumption of products is very easy for consumers. It has several advantages like large storage of products, better stability, and ease of handling. The solid form of the protein has also a major impact on various physical bulk state characteristics of animal protein product formulation. However liquid segment is expected to grow at CAGR of xx% during the forecast period.

Based on the Application, the market is segmented as Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals, and feed. The food & beverage segment held highest market share of xx% in 2022, it is expected to grow at CAGR of 4.2% during the forecast period. Food & Beverage segments consist of several products such as gelatin, yolk egg, bakery products, egg, etc. The major reason to hold the largest market share in this segment is to provide a healthy lifestyle for human body consumption and give a high amount of nutrition in our body. However, the pharmaceuticals and feed segment is expected to grow at the largest CAGR in the forecast period. The pharmaceuticals segment of animal feed products provides various health drugs in which products consumed by the peoples are in a variety of range. Apart from this Cosmetics & Personal Care segment consists of those products which are used for personal use.
Animal Protein Ingredients Market Regional Insights:
The European region is expected to dominate the Animal Protein ingredient market in the forecast period. The European Animal protein market is expected to reach USD xx billion by 2029. In terms of consumption the animal feed products gives an immense increase of market in the European region. Germany, France & Italy are one of the major countries in the European region to push the animal protein ingredient market. With an increasing number of gyms and various fitness centers, the consumption of animal feed is growing day by day in this region. There awareness among health and having the accurate amount of nutrition in the human body support the growth of animal protein ingredients products in this region. Consumer perception towards the quality of meat also had a great impact on animal feed products. Also, there is a very high consumption of meat in Germany plays a vital role to dominate the market in this region.

However, Asia Pacific is expected to grow at the highest CAGR of xx% in the forecast period. China's feed industry helps to boost the market in the Asia Pacific region. China holds the largest amount of producer of feed in this region. Apart from this India and Thailand are also expected for the growth of the market in the future. It may be seen that there is a massive increase in the production of animal protein ingredient products in such countries.

The objective of the report is to present a comprehensive analysis of the Animal Protein Ingredients Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help understand the Animal Protein Ingredients Market dynamic and structure by analyzing the market segments and projecting the Animal Protein Ingredients Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Animal Protein Ingredients Market make the report investor’s guide.
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Animal Protein Ingredients Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 54.22 Bn.


Forecast Period 2023 to 2029 CAGR:
5.6%
Market Size in 2029:
US $ 79.39 Bn.


 Segments Covered:
by Product
• Egg Protein
• Dairy Protein
• Fish Protein
• Gelatin


by Form
• Solid
• Liquid


by Application
• Food & Beverages
• Cosmetic & Personal Care
• Pharmaceuticals
• Feed



Animal Protein Ingredients Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Animal Protein Ingredients Market Key Players
• Cargill Inc.
• Dean Foods.
• DSM.
• DuPont.
• Darpro Solution.
• ADM.
• Protein Feeds.
• Valley Proteins Inc.
• Tyson Foods Inc.
• Gelita AG.
• Omega Protein Corporation.
• Novozymes.
• Essentia Protein Solution.
• BHJ A/s.
• Sonac.
• Kerry, Inc.
Frequently Asked Questions:
1] What segments are covered in the Animal Protein Ingredient Market report?
Ans. The segments covered in the Animal Protein Ingredient Market report are based on Product, Form, and Application.

2] Which region is expected to hold the highest share in the Animal Protein Ingredient Market?
Ans. The European region is expected to hold the highest share in the Animal Protein Ingredient Market.

3] What is the market size of the Animal Protein Ingredient Market by 2029?
Ans. The Animal Protein Ingredient Market is expected to reach US $ 79.39 Bn. by 2029.

4] What is the forecast period for the Animal Protein Ingredient Market?
Ans. The Forecast period for the Potato Protein Market is 2023-2029.

5] What was the market size of the Animal Protein Ingredient Market in 2022?
Ans. The market size of the Animal Protein Ingredient Market in 2022 was US $ 54.22 Bn.