Global Animal Protein Market

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

Animal Protein Market Insights

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 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.

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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 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 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 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

Product ID: SQSG30I2049

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