USD 44.08 billion
Animal Protein Ingredients Market Size, Share, Growth Analysis, By Type(Dairy Protein (Milk Protein (Milk Protein Concentrate, Milk Protein Isolates, Milk Protein Hydrolysates) Whey Protein (Whey Protein Concentrate, Whey Protein Isolates), By Form(Solid, Liquid), By Application(Food, Beverages, Nutritional Supplements, Animal Feed), By Region - Industry Forecast 2024-2031
Report ID:
SQSG30B2016 |
Region:
Global |
Published Date: February, 2024
Pages:
261
|Tables:
98
|Figures:
76
Animal Protein Ingredients Market Insights
Animal Protein Ingredients Market size was valued at USD 44.08 billion in 2019 and is poised to grow from USD 46.57 billion in 2023 to USD 72.6 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Solid
Fastest Growth
Liquid
Growth Rate
5.7% CAGR
Global Animal Protein Ingredients Market Market, 2021-2028 ($ Bn)
Country Share for Europe Region- 2021 (%)
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Animal Protein Ingredients Market Segmental Analysis
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.
Animal Protein Ingredients Market By Form, 2021 (%)
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Animal Protein Ingredients Market Regional Insights
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.
Global Animal Protein Ingredients Market By Geography 2021-2028
- Largest
- Fastest
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Animal Protein Ingredients Market Dynamics
Animal Protein Ingredients Market Driver
- Due to rising consumer concern about health and the belief that nutrition has a direct impact on health, the emergence of nutritious foods has played an important role in healthy behaviours in recent years. A healthy diet improves overall health and decreases the prevalence of heart disease, stroke, and type 2 diabetes, according to the NIH-funded study. As a result, a healthy eating trend, particularly the protein diet trend, is gaining traction and gaining public attention, significantly propelling the development of healthful food formulation. Animal protein components are emerging as an important component in the food processing industry for healthy food compositions. Dairy components, for example, aid in fundamental food formulations such as calcium enrichment, fat reduction, and salt reduction. Milk minerals concentrate is used to increase the calcium content of yoghurt, dairy drinks, cheese spread, and other food products. Furthermore, whey protein promotes fat globules, resulting in low-fat yoghurts, cheese, sweets, and ice cream. As a result, rising consumer knowledge about the nutritional value of food is propelling the animal protein ingredients market.
Animal Protein Ingredients Market Restraint
- Modernization has resulted in a significant shift in eating patterns and consumer behaviour. Consumers are migrating away from dairy products and toward non-dairy alternatives since there are so many options. Each form of non-dairy milk has its own nutritional profile, with a wide variety of protein, carbohydrate, and fat levels, as well as vitamins and minerals. Plant-based milk promotes digestive health since it is easier to digest than normal milk. Non-dairy milk is also gluten-free, which is extremely beneficial for persons with celiac disease or non-celiac gluten sensitivity. As a result of personal limits, consumers have begun to favour dairy substitutes over dairy products, which has hampered demand for animal protein sources to some extent.
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Animal Protein Ingredients Market Competitive Landscape
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
- Cargill Incorporated
- Archer Daniels Midland Company
- Darling Ingredients Inc.
- Gelita AG
- Kerry Group
- DowDupont Inc.
- Tyson Foods Inc.
- Omega Protein Corporation
- FrieslandCampina DMV
- Fonterra Co-operative Group Limited
- Amco Proteins
- Kewpie Corporation
- Bunge Limited
- Burcon NutraScience Corporation
- Tessenderlo Group
- Proliant Meat Ingredients
- BRF S.A.
- InVivo Animal Nutrition and Health
- Euroduna Food Ingredients GmbH
- AGRANA Beteiligungs-AG
Animal Protein Ingredients Market Recent Developments
- In August 2022, Darling Ingredients Inc., the world's leading producer of decarbonization solutions and a company that turns animal and food by-products into speciality ingredients for food and feed, acquired FASA Group, Brazil's largest independent rendering firm.
- In May 2022, Arla officially established a new production plant at the German dairy Pronsfeld. This is Arla's greatest dairy investment to date, and it will play a vital role in addressing expanding worldwide demand for sustained, fairly priced, and nutrient-dense dairy products. Arla has committed EUR 190 million to the expansion of its dairy in Pronsfeld.
Animal Protein Ingredients Key Market Trends
- Fishmeal, a significant source of animal protein components, contributes to the expansion of the Global Animal Protein Ingredients Market, which may be linked to the expanding aquaculture sector. Furthermore, the trend of sustainable meat and feed production is being pursued across the world, which adds to the Global Animal Protein Ingredients Market as a macroeconomic component. People, on the other hand, are increasingly turning to vegan and vegetarian sources for health reasons, which may stifle the expansion of the animal protein ingredients industry.
Animal Protein Ingredients Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 44.08 billion |
| Market size value in 2031 | USD 72.6 billion |
| Growth Rate | 5.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Animal Protein Ingredients Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Animal Protein Ingredients Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Animal Protein Ingredients Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Animal Protein Ingredients Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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