What is the global market size of Animal Protein Ingredients Market?

Animal Protein Ingredients Market size was valued at USD 44.08 billion in 2021 and is poised to grow from USD 46.57 billion in 2022 to USD 72.6 billion by 2030, growing at a CAGR of 5.7% in the forecast period (2023-2030).

Global Animal Protein Ingredients Market

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 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.

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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).

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. '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'

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.

Fishmeal, a significant source of animal protein components, contributes to the expansion of the 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 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.

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Animal Protein Ingredients Market Regional Insights

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