Processed Animal Protein Market- Global Industry Analysis and Forecast (2022-2029)

Processed Animal Protein Market was valued at US$ 12.50 Bn. in 2021. Global Processed Animal Protein Market size is expected to grow at a CAGR of 3 % through the forecast period.

Processed Animal Protein Market Overview:

Processed Animal Protein (PAPs) is nutritionally rich feed ingredients that benefit to produce healthy animals. In recent years the demand for meat and poultry-based products has significantly increased. Owing to these considerable growth is occurred in animal waste generated from the meat processing sector. Waste disposal is becoming increasingly difficult, besides the increased amount of animal waste generated has raised environmental concerns. The meat rendering process turns animal waste like blood and feather meals into animal by-products, allowing for long-term recycling of waste into animal feed. The report gives detailed information about drivers, restraints, and opportunities and also the information regarding the segmentation by source (Pork, Beef, Poultry, and Others) Form (Liquid, Dry).Processed Animal Protein MarketTo know about the Research Methodology :- Request Free Sample Report

Processed Animal Protein Market Dynamics:

Market Drivers: Growing animal waste and increased meat consumption are the two factors driving the growth of Processed Animal Protein Market. The amount of meat consumption has risen considerably in recent years. The rise in processed meat consumption has resulted in an increase in animal waste creation, which needs efficient treatment. However, getting rid of waste products from animals is a costly procedure that requires manpower, raw materials, logistics, and available land. Additionally, there are various environmental concerns linked with the disposal of such trash owing to it may contaminate nearby air, water, or ground. The cost associated with the disposal of animal waste increased, Owing to the stringent regulatory measures adopted by different regions. To decrease the wastage of such animal waste the rendering process helps and divides them into valuable products such as feather meal, blood meal, bone meal, and fat among others. Animal feed manufacturers and pet products manufacturing industries use the rendered protein meals and fats products. Owing to these increased generations of animal waste and a rise in meat consumption are boosting the growth of the processed animal protein market. Market Restraints: The processed Animal Protein Market is hampered by stringent regulatory measures. To ensure the superior quality of dry and wet animals the government across various regions has set up stringent rules. To develop products that adhere to the regulatory bodies’ rules and help them receive the necessary certification required for marketing the products the strict government rules prompt the companies. For example, all feed items for farm animals must be certified by the FDA under the Federal Food, Drug, and Cosmetic Act passed by the United States Food and Drug Administration (USFDA). Similarly, the government has just legalized the use of processed animal proteins in European markets. Processed animal proteins are still restricted in cattle and sheep under the new rule, but they are fed to non-ruminants like pigs and poultry. Such stringent regulatory standards are likely to have an impact on the growth of the processed animal protein market. Among the buyers of pet food products the demand for pet food products, with processed animal protein increased. Market Opportunities: Increased adoption of pets is expanding the processed animal protein market. The rapid spread of the COVID-19 pandemic forced the government to place the lockdown in several countries across the world. During the pandemic, the adoption of pets rose considerably resulting in the demand for nutritious pet food products, especially in Europe, and the U.S. To develop pet food products rich in flavor and nutrition the use of the updated technology in the meat processing companies is enabling. It also offers an environmentally friendly option to the environmentally aware consumer, as it has a lower carbon footprint than plant-based feed products, which have caused deforestation in many countries. To promote the health of pets, companies are creating new product formulations such as spray-dried plasma powder (SDP) and hemoglobin powder with specific functional qualities. As a result, the participants in the processed animal protein market are concentrating on developing and selling new product formulations rich in amino acids and other critical elements for body growth. Manufacturing businesses used acquisition and merger tactics to expand their production capacity and develop new goods.

Processed Animal Protein Market Segment Analysis:

Based on source, the poultry products segment held the largest market share of 31.9 % in 2021. The demand for poultry-based feed products has increased rapidly in recent years. The growth which is in demand can be credited to the processed animal protein market’s increasing demand for egg and poultry meat products. Chicken-based feed products which are consumed by the consumer do not cause any disease, besides cattle-based products cause disease with the outbreak of Bovine Spongiform Encephalopathy (BSE). Owing to these for feeding farm animals most countries allow the use of poultry-based processed animal protein. Based on the Application, the Dry segment held the largest market share of 34.3 % in 2021. In the processed animal protein market animal feed products such as feathers and blood, and meals are primarily available in pellets and powder feed. Dry forms are preferred by animal owners, as they are easily dissolved in water and mixed with other products. Liquid processed animal protein is challenging to transport and store compared to the feed products available in granular or solid form.

Processed Animal Protein Market Regional Insights:

The North America region dominated the market with 40 % share in 2021. The North America region is expected to witness significant growth at a CAGR of 3% through the forecast period. In North America, the US is the largest market. Nearly 48% of the animal by-products in the country result from meat processing manufacturing, they are not suitable for human consumption. Owing to these animal by-products are processed into feather meals, blood meals, and other parallel products to reduce the ecological impact of animal waste. These animal protein products also help to produce supplements that have applications in the feed industry. Moreover, with the growth in the demand among the pet owners for nutritious products and pet food products to maintain pet health, the demand for processed animal protein in the American pet products industry is growing rapidly. Owing to the considerable livestock production in the region the Asia Pacific is one of the key markets. China, Japan, and India are significant manufacturers of beef, pork, and chicken products and depend on the excellent quality of animal feed to increase their production yield. By launching innovative and cost-effective solutions for the farmer this market act as an opportunity for the processed animal protein manufacturer to increase their profit margin. The European Union’s supportive regulations are to start PAPs in animal feed to drive the region’s growth. With the emerging technology and science, PAPs’ influence on animals has been safe in recent years. Owing to these the Europe government prompted to lift the ban on the use of PAP as animal feed for animals is apart from cattle. The use is still banned due to causing bovine spongiform encephalopathy (BSE) disease. New safety regulations enable farm owners to adopt them as an alternative to plant-based products used as animal feed in the processed animal protein market. The objective of the report is to present a comprehensive analysis of the Global Processed Animal Protein 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 in understanding the Processed Animal Protein Market dynamic, structure by analyzing the market segments and projecting the Processed Animal Protein Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Processed Animal Protein Market make the report investor’s guide.

Processed Animal Protein Market Scope: Inquiry Before Buying

Processed Animal Protein Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 12.50 Bn.
Forecast Period 2022 to 2029 CAGR: 3% Market Size in 2029: US $ 15.83 Bn.
Segments Covered: by Source • Pork • Beef • Poultry • Others
by Form • Liquid • Dry

Processed Animal Protein 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)

Processed Animal Protein Market, Key Players are:

Sanimax • FASA Group • Leo Group ltd. • Valley Proteins • West Coast Reduction • Nordfeed • BOYER VALLEY COMPANY,LLC • Ridley Corporation Limited • Sonac • Tyson Food, Inc • JBS USA Holdings Inc. • Cargill Meat Solutions Corp. • SYSCO Corp. • Smithfield Foods Inc. • Hormel Foods Corp. • National Beef Packing Co. LLC • Perdue Farms Inc. • OSI Group LLC Frequently Asked Questions: 1. Which region has the largest share in Global Processed Animal Protein Market? Ans: North America region held the highest share in 2021. 2. What is the growth rate of Global Processed Animal Protein Market? Ans: The Global Processed Animal Protein Market is growing at a CAGR of 3% during forecasting period 2022-2029. 3. What is scope of the Global Processed Animal Protein Market report? Ans: Global Processed Animal Protein Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Processed Animal Protein Market? Ans: The important key players in the Global Processed Animal Protein Market are – Sanimax, FASA Group, Leo Group ltd., Valley Proteins, West Coast Reduction, Nordfeed, BOYER VALLEY COMPANY,LLC, Ridley Corporation Limited, Sonac, Tyson Food, Inc, JBS USA Holdings Inc., Cargill Meat Solutions Corp., SYSCO Corp., Smithfield Foods Inc., Hormel Foods Corp., National Beef Packing Co. LLC, Perdue Farms Inc., and OSI Group LLC 5. What is the study period of this Market? Ans: The Global Processed Animal Protein Market is studied from 2021 to 2029.
1. Processed Animal Protein Market Size: Research Methodology 2. Processed Animal Protein Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Processed Animal Protein Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Processed Animal Protein Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Processed Animal Protein Market Size Segmentation 4.1. Processed Animal Protein Market Size, by Source (2022-2029) • Pork • Beef • Poultry • Others 4.2. Processed Animal Protein Market Size, by Form (2022-2029) • Liquid • Dry 5. North America Processed Animal Protein Market (2022-2029) 5.1. North America Processed Animal Protein Market Size, by Sorce (2022-2029) • Pork • Beef • Poultry • Others 5.2. North America Processed Animal Protein Market Size, by Form (2022-2029) • Liquid • Dry 5.3. North America Semiconductor Memory Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Processed Animal Protein Market (2022-2029) 6.1. Europe Processed Animal Protein Market, by Source (2022-2029) 6.2. Europe Processed Animal Protein Market, by Form (2022-2029) 6.3. Europe Processed Animal Protein Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Processed Animal Protein Market (2022-2029) 7.1. Asia Pacific Processed Animal Protein Market, by Source (2022-2029) 7.2. Asia Pacific Processed Animal Protein Market, by Form (2022-2029) 7.3. Asia Pacific Processed Animal Protein Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Processed Animal Protein Market (2022-2029) 8.1. Middle East and Africa Processed Animal Protein Market, by Source (2022-2029) 8.2. Middle East and Africa Processed Animal Protein Market, by Form (2022-2029) 8.3. Middle East and Africa Processed Animal Protein Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Processed Animal Protein Market (2022-2029) 9.1. South America Processed Animal Protein Market, by Source (2022-2029) 9.2. South America Processed Animal Protein Market, by Form (2022-2029) 9.3. South America Processed Animal Protein Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Sanimax 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. FASA Group 10.3. Leo Group ltd. 10.4. Valley Proteins 10.5. West Coast Reduction 10.6. Nordfeed 10.7. BOYER VALLEY COMPANY,LLC 10.8. Ridley Corporation Limited 10.9. Sonac 10.10. Tyson Food, Inc 10.11. JBS USA Holdings Inc. 10.12. Cargill Meat Solutions Corp. 10.13. SYSCO Corp. 10.14. Smithfield Foods Inc. 10.15. Hormel Foods Corp. 10.16. National Beef Packing Co. LLC 10.17. Perdue Farms Inc. 10.18. OSI Group LLC

About This Report

Report ID 148162
Category Food & Beverages
Published Date Feb 2023
Updated Date