Processed Animal Protein Market was valued at US$ 12.87 Bn. in 2022. 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).To 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.Segment Analysis:
Based on source, the poultry products segment held the largest market share of 31.9 % in 2022. 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 2022. 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 2022. 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: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 12.87 Bn. Forecast Period 2023 to 2029 CAGR: 3% Market Size in 2029: US $ 15.83 Bn. Segments Covered: by Source Pork Beef Poultry Others by Form Liquid Dry 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:
1. Sanimax 2. FASA Group 3. Leo Group ltd. 4. Valley Proteins 5. West Coast Reduction 6. Nordfeed 7. BOYER VALLEY COMPANY,LLC 8. Ridley Corporation Limited 9. Sonac 10.Tyson Food, Inc 11.JBS USA Holdings Inc. 12.Cargill Meat Solutions Corp. 13.SYSCO Corp. 14.Smithfield Foods Inc. 15.Hormel Foods Corp. 16.National Beef Packing Co. LLC 17.Perdue Farms Inc. 18.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 2022. 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 2023-2029. 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 2022 to 2029.
1. Processed Animal Protein Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Processed Animal Protein Market: Dynamics 2.1. Processed Animal Protein Market Trends by Region 2.1.1. North America Processed Animal Protein Market Trends 2.1.2. Europe Processed Animal Protein Market Trends 2.1.3. Asia Pacific Processed Animal Protein Market Trends 2.1.4. Middle East and Africa Processed Animal Protein Market Trends 2.1.5. South America Processed Animal Protein Market Trends 2.2. Processed Animal Protein Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Processed Animal Protein Market Drivers 2.2.1.2. North America Processed Animal Protein Market Restraints 2.2.1.3. North America Processed Animal Protein Market Opportunities 2.2.1.4. North America Processed Animal Protein Market Challenges 2.2.2. Europe 2.2.2.1. Europe Processed Animal Protein Market Drivers 2.2.2.2. Europe Processed Animal Protein Market Restraints 2.2.2.3. Europe Processed Animal Protein Market Opportunities 2.2.2.4. Europe Processed Animal Protein Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Processed Animal Protein Market Drivers 2.2.3.2. Asia Pacific Processed Animal Protein Market Restraints 2.2.3.3. Asia Pacific Processed Animal Protein Market Opportunities 2.2.3.4. Asia Pacific Processed Animal Protein Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Processed Animal Protein Market Drivers 2.2.4.2. Middle East and Africa Processed Animal Protein Market Restraints 2.2.4.3. Middle East and Africa Processed Animal Protein Market Opportunities 2.2.4.4. Middle East and Africa Processed Animal Protein Market Challenges 2.2.5. South America 2.2.5.1. South America Processed Animal Protein Market Drivers 2.2.5.2. South America Processed Animal Protein Market Restraints 2.2.5.3. South America Processed Animal Protein Market Opportunities 2.2.5.4. South America Processed Animal Protein Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Processed Animal Protein Industry 2.8. Analysis of Government Schemes and Initiatives For Processed Animal Protein Industry 2.9. Processed Animal Protein Market Trade Analysis 2.10. The Global Pandemic Impact on Processed Animal Protein Market 3. Processed Animal Protein Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 3.1.1. Pork 3.1.2. Beef 3.1.3. Poultry 3.1.4. Others 3.2. Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 3.2.1. Liquid 3.2.2. Dry 3.3. Processed Animal Protein Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Processed Animal Protein Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 4.1.1. Pork 4.1.2. Beef 4.1.3. Poultry 4.1.4. Others 4.2. North America Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 4.2.1. Liquid 4.2.2. Dry 4.3. North America Processed Animal Protein Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 4.3.1.1.1. Pork 4.3.1.1.2. Beef 4.3.1.1.3. Poultry 4.3.1.1.4. Others 4.3.1.2. United States Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 4.3.1.2.1. Liquid 4.3.1.2.2. Dry 4.3.2. Canada 4.3.2.1. Canada Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 4.3.2.1.1. Pork 4.3.2.1.2. Beef 4.3.2.1.3. Poultry 4.3.2.1.4. Others 4.3.2.2. Canada Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 4.3.2.2.1. Liquid 4.3.2.2.2. Dry 4.3.3. Mexico 4.3.3.1. Mexico Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 4.3.3.1.1. Pork 4.3.3.1.2. Beef 4.3.3.1.3. Poultry 4.3.3.1.4. Others 4.3.3.2. Mexico Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 4.3.3.2.1. Liquid 4.3.3.2.2. Dry 5. Europe Processed Animal Protein Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 5.2. Europe Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 5.3. Europe Processed Animal Protein Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 5.3.1.2. United Kingdom Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 5.3.2. France 5.3.2.1. France Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 5.3.2.2. France Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 5.3.3.2. Germany Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 5.3.4.2. Italy Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 5.3.5.2. Spain Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 5.3.6.2. Sweden Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 5.3.7.2. Austria Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 5.3.8.2. Rest of Europe Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 6. Asia Pacific Processed Animal Protein Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 6.2. Asia Pacific Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 6.3. Asia Pacific Processed Animal Protein Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 6.3.1.2. China Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 6.3.2.2. S Korea Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 6.3.3.2. Japan Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 6.3.4. India 6.3.4.1. India Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 6.3.4.2. India Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 6.3.5.2. Australia Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 6.3.6.2. Indonesia Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 6.3.7.2. Malaysia Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 6.3.8.2. Vietnam Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 6.3.9.2. Taiwan Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 6.3.10.2. Rest of Asia Pacific Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 7. Middle East and Africa Processed Animal Protein Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 7.2. Middle East and Africa Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 7.3. Middle East and Africa Processed Animal Protein Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 7.3.1.2. South Africa Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 7.3.2.2. GCC Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 7.3.3.2. Nigeria Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 7.3.4.2. Rest of ME&A Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 8. South America Processed Animal Protein Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 8.2. South America Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 8.3. South America Processed Animal Protein Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 8.3.1.2. Brazil Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 8.3.2.2. Argentina Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Processed Animal Protein Market Size and Forecast, by Source (2022-2029) 8.3.3.2. Rest Of South America Processed Animal Protein Market Size and Forecast, by Form (2022-2029) 9. Global Processed Animal Protein Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Processed Animal Protein Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Sanimax 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. 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 11. Key Findings 12. Industry Recommendations 13. Processed Animal Protein Market: Research Methodology 14. Terms and Glossary
