USD 380.02 billion
Report ID: SQMIG30H2038 | Region: Global | Published Date: November, 2022 | Pages: 224 | Tables: 95 | Figures: 67
Global Hydrolyzed Animal Proteins Market was valued at USD 380.02 billion in 2021 and it is expected to reach at USD 401.30 billion by 2028, at a CAGR of 5.6% over the forecast period (2022-2028).
The rise in demand is majorly due to its extensive use in feed, building materials, cosmetics, food, and other products. The ingredients used in the product contain 18 types of amino acids and protein concentration of 92%. They are assured to be reliable, edible, secure, and have high nutrition value.
As consumer preferences are evolving there has been a shift in their diet and lifestyle. Demand for protein enriched foods is rising due to its benefits. Animal protein is gaining popularity in the food and beverage industry due to this factor. It is incorporated in a number of processed food items such as chilli, potato chips, pretzels, sauces, soups, and gravies as a flavour enhancer.
Demand for protein rich food for infants will also drive the market growth. Pet food industry is another market that is utilizing hydrolyzed animal proteins. Sports and Fitness enthusiasts also widely consume them to maintain their supplement intake.Protein hydrolysate solutions are broadly used in manufacturing packaged food solutions for dogs, cats, rabbits, and fishes. These products have protein concentration along with small and long chained amino acids that help in proper growth and comfort.
Global Market Size
USD 380.02 billion
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The global hydrolyzed animal proteins market is segmented based on Type, Form, Application and Region. Based on Type it is segmented into Fish Proteins, Dairy Proteins, Meat, Poultry & Beef Products. Based on Application it is segmented into: Animal Nutrition, Dairy Products, Bakery Products, Functional Foods And Beverages, Infant Formula, Dietary Supplements, And Other Processed Foods. Based on Form it is bifurcated into Liquid, Powder. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
The Meat, Poultry & Beef segmented had dominated the hydrolyzed animal protein market in the year 2021. The market for beef protein isolate is expanding as a result of individuals becoming more aware of the value of dietary supplements in addition to regular exercise because to the quick development of digital media, social media, and rising literacy rates.
Hydrolyzed animal protein is often used as a flavour enhancer in processed foods such soups, sauces, gravies, chilli, potato chips, and pretzels. It offers the product stability and texture. The demand for infant foods that are high in protein has greatly raised the need for hydrolyzed animal protein, which is also fueling the market's expansion.
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North America dominated the Hydrolyzed Animal Proteins market share in 2021. The availability of modern technologies for the manufacture and processing of protein components as well as the presence of a thriving food sector are expected to support market expansion. Market expansion is probably encouraged by the rising popularity of high-protein diets. The second-largest economy in the world, China, is anticipated to reach a projected market size of US$114 million by the year 2028, growing at a CAGR of 8.2 percent from 2022 to 2028 due to rising consumer disposable income and declining production costs as a result of the introduction of new technologies. Additionally, a large consumer base and an abundance of raw materials in the area are anticipated to fuel market expansion.
Japan and Canada are two more notable geographic markets, with growth rates of 2.9% and 4.1%, respectively, predicted for each for the years 2022–2028.
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Rise in Adoption of Healthy Lifestyle to Boost Market Growth
The protein hydrolysate is also broadly used in sports medicines as it enables better absorption of amino acids when compared to intact proteins, resulting in finest nutrient delivery to the muscles therefore is having a positive impact on the animal protein hydrolysate market growth rate.
The market is driven by the rising disposable income, growth of aquaculture industry, rising government mandates regarding fish waste disposal, replacement of fishmeal by fish protein hydrolysates.
Popularity of Vegan Alternatives will Hinder Market Growth
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The existence of several international players defines the global market. To increase their market share, businesses use a variety of techniques, including partnerships, agreements, regional growth, mergers, acquisitions, and new product creation. In our hydrolyzed animal proteins market reports, some of the leading hydrolyzed animal proteins manufacturers are as follows: Arla Foods Ingredients (Denmark), Group P/S (India), BRF S.A. (Brazil), Cargill, Inc. (US), Essentia Protein Solution(US) Fonterra Co-operative Group (New Zealand), GELITA (Germany), Kemin Industries, Inc.(US), Kerry, Inc.(Ireland), Lactalis Ingredients (France), Novozymes A/S(Denmark)
Top Players Company Profiles
In June 2022 U.K.-based Moolec Science, a food ingredients company engaged in molecular farming of animal proteins, merged with special purpose acquisition company (SPAC) LightJump. The two have confirmed the start of their business combination agreement, which sees Moolec valued at $504 million. Once the merger is complete, the new company is anticipated to be listed on Nasdaq under the ticker “MLEC”.
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According to our Hydrolyzed Animal Proteins Market analysis, by type, the meat, poultry & beef segment is estimated to have the largest share of the market. Region-wise, North America dominated the Hydrolyzed Animal Proteins Market share in 2021.
|Market size value in 2021||USD 380.02 billion|
|Market size value in 2028||USD 401.30 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 Hydrolyzed Animal Proteins 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 Hydrolyzed Animal Proteins 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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