USD 44.08 billion
Report ID: SQSG30I2049 | Region: Global | Published Date: September, 2022 | Pages: 165 | Tables: 68 | Figures: 75
Animal Protein Market size was valued at USD 44.08 billion in 2021 and is poised to grow from USD 46.59 billion in 2022 to USD 76.73 billion by 2030, growing at a CAGR of 5.7% in the forecast period (2023-2030).
The increasing popularity of protein-centric diets has contributed to an increase in the demand for animal proteins in the food and beverage industry. Consumer preferences have altered dramatically as a result of changing lifestyles and rising disposable incomes, increasing demand for nutrient-rich meals. Consumer demand for animal protein in diets is increasing as people become more aware of its health benefits. Consumer interest in functional food and drinks supplemented with proteins is projected to drive market expansion in the coming years.
Animal protein is widely used in dietary supplements and nutraceuticals. The increased demand for protein supplements among pregnant women, the aging population, and athletes promotes the market's expansion. The growing demand for protein-rich newborn foods has significantly increased the need for animal protein for infant food processing. The pet food market is thriving all over the world, which is predicted to raise demand for animal protein in the food production industry. The growing popularity of sports supplements among fitness enthusiasts is projected to boost market growth in the coming years.
US Animal Protein 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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The global Animal Protein market is segmented based on type, application and region. Based on type, the market is segmented into Egg Protein, Milk Protein Concentrates/Isolates, Whey Protein, Gelatin, Casein/Caseinates, Collagen Peptides. Based on application, the market is segmented into dietary nutrition, functional nutrients, sports nutrition, infant nutrition, others. Based on region, the Animal Protein market is categorized into North America, Europe, Asia-Pacific, and MEA.
Animal Protein Market Analysis by type
In 2021, the egg protein segment dominated the global animal protein market by a sweeping market share of more than 25%. The increase in consumption of egg proteins in the manufacturing of food goods such as bakery, confectionery, snack products, processed meat, and seafood products is driving the growth of the egg proteins. The Collagen Peptides segment, on the other hand, is predicted to register fastest CAGR over the forecast period.
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North America is expected to hold a substantial market position in the global animal protein market due to its well-established food sector and the availability of innovative technology for the processing and production of protein ingredients. The growing popularity of protein-centric diets among consumers is predicted to raise demand for animal protein to meet the Recommended Dietary Allowances (RDAs) of protein consumption. Europe is expected to rise rapidly due to rising demand for functional food and beverages in the region. The rising consumer demand for protein-rich foods is likely to boost market growth. Animal proteins are also widely employed in a variety of processed foods to improve flavor, texture, and stability.
The Asia Pacific region is predicted to grow rapidly due to rising demand for dietary supplements among pregnant women and an elderly population. The rising popularity of protein-rich sports supplements is likely to drive regional market expansion. Fitness center advertising and marketing have resulted in a greater acceptance of protein components by the general public. The increasing cost of these substances may have a negative impact on their sales in Asia Pacific's developing nations.
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Animal Protein Market Driver
The increased prevalence of chronic illnesses as a result of changing lifestyles, particularly among the millennial generation, is one of the primary drivers driving the adoption of protein-rich diets, which is expected to boost demand for animal protein throughout the forecast period. Consumption of high protein-based diets and a growing consumer focus on fitness are expected to stimulate demand for egg proteins for sports nutrition applications. Furthermore, the presence of selenium, zinc, and vitamins B2, D, and B6 in eggs is likely to contribute to market growth during the forecast period.
Animal Protein Market Challenge
The growing number of vegan and lactose-intolerant customers turning to plant-based supplements is expected to stymie the growth of the animal protein market.
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The global animal protein is highly fragmented and competitive, with both publicly and privately held market competitors relying on innovation to remain competitive. Public companies in the industry are aggressive in developing methods to increase product adoption in the worldwide market.
Animal Protein Market Top Players Company Profiles
Animal Protein Market Recent Development
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 by means of primary exploratory research backed by the robust secondary desk research.
According to our analysis, Animal protein/Dairy protein aids in the repair of damaged cells and promotes overall body growth. The expanding spectrum of application and growing awareness of the health benefits of dairy protein in new markets provides manufacturers with lucrative growth potential. These factors are predicted to raise animal protein market demand and propel the entire animal protein industry's growth. Vegans, on the other hand, will avoid dairy protein because it is derived from animals. As a result, the vegan population's demand for plant-based protein will increase rapidly. This could have a negative impact on the animal protein industry. Furthermore, the changing costs of raw materials for dairy protein may be a significant challenge for the animal protein market's leading competitors. These limitations may limit market growth in the coming years to some extent.
|Market size value in 2021||USD 44.08 billion|
|Market size value in 2030||USD 46.59 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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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Animal Protein 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 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.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Animal Protein Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Product ID: SQSG30I2049