What is the global market size of Animal Protein Market?

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).

Global Animal Protein Market Size, Share, Growth Analysis, By Type(Egg Protein, Milk Protein Concentrates/Isolates), By Application(Dietary nutrition, functional nutrients) - Industry Forecast 2024-2031

Report ID: SQSG30I2049 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 68 | Figures: 75

Global Animal Protein Market Competitive Landscape

Animal Protein Market Top Players Company Profiles

JBS S.A.
Tyson Foods, Inc.
Cargill, Incorporated
Smithfield Foods, Inc.
WH Group Limited
BRF S.A.
Marfrig Global Foods S.A.
Hormel Foods Corporation
NH Foods Ltd.
Tyson Fresh Meats, Inc.
Danish Crown A/S
Vion Food Group
Itoham Yonekyu Holdings Inc.
Perdue Farms, Inc.
Nippon Meat Packers, Inc.
Charoen Pokphand Foods Public Company Limited
OSI Group LLC
Sanderson Farms, Inc.
Pilgrim's Pride Corporation
Koch Foods, Inc.

Animal Protein Market Recent Development

In July 2022, Myprotein and Perfect Day partnered to launch a new animal-free whey protein powder, called Whey Forward.
In August 2021, Arla Foods Ingredients launched MicelPure, a micellar casein isolate, into the market. The new micellar casein isolate contains a minimum of 87% native protein, low in lactose and fat, heat-stable, and taste-neutral. It is majorly used in RTD, high-protein beverages, and powder shakes applications.

Global Animal Protein Market Report Snapshots

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Animal Protein Market size was valued at USD 44.08 billion in 2019 and is poised to grow from USD 46.59 billion in 2023 to USD 76.73 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).

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. 'JBS S.A.', 'Tyson Foods, Inc.', 'Cargill, Incorporated', 'Smithfield Foods, Inc.', 'WH Group Limited', 'BRF S.A.', 'Marfrig Global Foods S.A.', 'Hormel Foods Corporation', 'NH Foods Ltd.', 'Tyson Fresh Meats, Inc.', 'Danish Crown A/S', 'Vion Food Group', 'Itoham Yonekyu Holdings Inc.', 'Perdue Farms, Inc.', 'Nippon Meat Packers, Inc.', 'Charoen Pokphand Foods Public Company Limited', 'OSI Group LLC', 'Sanderson Farms, Inc.', 'Pilgrim's Pride Corporation', 'Koch Foods, Inc.'

Rising prevalence of chronic illnesses to drive demand for animal protein

Food and beverage emerged as the largest end-user segment of animal protein. The market has benefited greatly from the rising demand for high-end, premium food goods. Organic, sustainable, grass-fed, and other similar claims are increasing appeal among customers, prompting businesses to develop appropriate offers. As a result, companies like Arla, Milk Specialties Global, and Kruger have been seen growing their clean-label animal protein production for the food and beverage industry. Furthermore, the segment is expected to grow at a substantial volume CAGR of 3.28% over the projection period.

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.

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Global Animal Protein Market Size, Share, Growth Analysis, By Type(Egg Protein, Milk Protein Concentrates/Isolates), By Application(Dietary nutrition, functional nutrients) - Industry Forecast 2024-2031

Global Animal Protein Market Competitive Landscape

Global Animal Protein Market Report Snapshots

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