USD 44.08 billion
Report ID: SQSG30B2016 | Region: Global | Published Date: December, 2022 | Pages: 261 | Tables: 98 | Figures: 76
Animal Protein Ingredients Market size was valued at USD 44.08 billion in 2021 and is poised to grow from USD 46.57 billion in 2022 to USD 72.6 billion by 2030, growing at a CAGR of 5.7% in the forecast period (2023-2030).
Protein is essential for supporting crucial physiological processes in animals, such as weight increase, growth performance, and overall health. Plant-derived proteins are distinguished from animal-derived proteins. Animal protein is a type of protein component originating from animal sources such as egg, dairy, fish, and others. Animal protein is widely utilised as a foaming agent, emulsifier, and other additives in the food and beverage, cosmetics, and nutraceuticals sectors. There are several types of animal protein in the market, including egg protein, fish protein, gelatin, and dairy protein. Rise in demand for newborn formula stimulates the market growth such as dairy protein. Furthermore, increased demand for animal protein from the cosmetics and personal care industries is likely to provide significant potential opportunities for the animal protein ingredients market during the forecast period. Animal-derived protein generated from rendered animals improves meal palatability while lowering animal production costs.
The pet food market is thriving across the world, which is predicted to enhance demand for animal protein in the food production industry. Consumer demand for animal protein in diets is growing as people become more aware of its health advantages.
US Animal Protein Ingredients Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 44.08 billion
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Global Animal Protein Ingredients Market is segmented based on the Type, Form, Application, and region. Based on Type, the market is segmented into Dairy Protein (Milk Protein (Milk Protein Concentrate, Milk Protein Isolates, and Milk Protein Hydrolysates) Whey Protein (Whey Protein Concentrate, Whey Protein Isolates, and Whey Protein Hydrolysates), Casein and Caseinates), Egg Protein, and Others. Based on Form, the market is segmented into Solid and Liquid. Based on Application, the market is categorized into Food and Beverages, Nutritional Supplements, Animal Feed, Pharmaceutical, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Animal Protein Ingredients Market Analysis by Type
The milk protein ingredients market is divided into three types: milk protein concentrates, milk protein isolates, and milk protein hydrolysates. In 2021, the milk protein concentrates category held the greatest proportion of the entire milk protein components market. This market expansion is attributed to the widespread use of MPC in cheese, yoghurt, and soups because of its distinct dairy flavour. Furthermore, MPC is a concentrated protein source with high demand in healthy foods and food fortification.
Due to its high demand in food processing industries, the dairy protein ingredients category is expected to develop at the fastest CAGR throughout the projection period. Its use in protein bars, meal replacement powder, high protein therapeutic formulation, and dietetic items is fast growing.
Animal Protein Ingredients Market Analysis by Application
The food and beverage category accounted for the highest percentage of the Global Animal Protein Ingredients Market in 2021. The high proportion of the market is largely driven by the increased acceptability of sugar-free, nutritious, and functional ingredient-based processed food items and expanding awareness and demand for protein-rich F&B products.
The nutritional health supplements segment is expected to grow fast during the forecast period because of the growing fitness sector, expanding distribution channels for sports nutrition, and rising demand for protein bars, energy drinks, and other healthy snacks.
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In 2021, Europe was the largest market for animal protein ingredients, followed by North America, Asia-Pacific, Latin America, and the Middle East and Africa. The major proportion of the market is mostly attributable to increased innovation, an increasing number of people demanding a healthy diet, the presence of a large number of animal protein component providers, and rising demand for functional additives.
The Asia-Pacific Animal Protein Ingredients Market, on the other hand, is predicted to develop at the fastest CAGR over the forecast period. Factors driving market expansion include rising middle-class purchasing power, expanding baby nutrition business due to a drop in breastfeeding rates, increased foreign investment, and rising demand for western dairy products such as yoghurt, fermented milk, and artisan dairy products.
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Animal Protein Ingredients Market Driver
Animal Protein Ingredients Market Restraint
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The animal protein ingredients market is extremely competitive, and the businesses with the largest market shares dominate the food ingredients sector. Geographical growth, product innovation, and mergers and acquisitions are some of the key tactics employed by firms participating in the animal protein ingredients market.
Animal Protein Ingredients Market Top Player's Company Profiles
Animal Protein Ingredients Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Animal Protein Ingredients Market, the advent of nutritious meals has played a major role in healthy behaviours in recent years, owing to increased consumer awareness about health and the notion that nutrition has a direct influence on health. Rising consumer awareness of food's nutritional worth is driving the demand for animal protein components. Consumers have come to choose dairy replacements over dairy products as a consequence of personal constraints, which has limited demand for animal protein sources to some extent. The dairy protein ingredients category is predicted to grow at the quickest CAGR throughout the forecast period due to its strong demand in food processing industry. The food and beverage sector accounted for the largest share of the Global Animal Protein Ingredients Market.
|Market size value in 2021||USD 44.08 billion|
|Market size value in 2030||USD 46.57 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Animal Protein Ingredients Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Animal Protein Ingredients Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Product ID: SQSG30B2016