USD 44.08 billion
Report ID:
SQSG30I2049 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|Tables:
68
|Figures:
75
Animal Protein Market size was valued at USD 46.59 Billion in 2023 and is poised to grow from USD 49.25 Billion in 2024 to USD 81.1 Billion by 2032, growing at a CAGR of 5.7% during the forecast period (2025-2032).
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.
Global Market Size
USD 44.08 billion
Largest Segment
Egg Protein
Fastest Growth
Egg Protein
Growth Rate
5.7% CAGR
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The global Animal Protein market is segmented based on type, application and region. Based on type, the market is segmented into Egg Protein, Milk Protein Concentrates/Isolates, Whey Protein, Gelatin, Casein/Caseinates, Collagen Peptides. Based on application, the market is segmented into dietary nutrition, functional nutrients, sports nutrition, infant nutrition, others. Based on region, the Animal Protein market is categorized into North America, Europe, Asia-Pacific, and MEA.
Animal Protein Market Analysis by type
In 2021, the egg protein segment dominated the global animal protein market by a sweeping market share of more than 25%. The increase in consumption of egg proteins in the manufacturing of food goods such as bakery, confectionery, snack products, processed meat, and seafood products is driving the growth of the egg proteins. The Collagen Peptides segment, on the other hand, is predicted to register fastest CAGR over the forecast period.
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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.
The Asia Pacific region is predicted to grow rapidly due to rising demand for dietary supplements among pregnant women and an elderly population. The rising popularity of protein-rich sports supplements is likely to drive regional market expansion. Fitness center advertising and marketing have resulted in a greater acceptance of protein components by the general public. The increasing cost of these substances may have a negative impact on their sales in Asia Pacific's developing nations.
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Animal Protein Market Driver
Rising prevalence of chronic illnesses to drive demand for animal protein
Animal Protein Market Challenge
Rise in demand for vegan plant-based proteins is anticipated to affect the global animal protein market
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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.
Animal Protein Market Top Players Company Profiles
Animal Protein Market Recent Development
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 by means of primary exploratory research backed by the robust secondary desk research.
According to our analysis, Animal protein/Dairy protein aids in the repair of damaged cells and promotes overall body growth. The expanding spectrum of application and growing awareness of the health benefits of dairy protein in new markets provides manufacturers with lucrative growth potential. These factors are predicted to raise animal protein market demand and propel the entire animal protein industry's growth. Vegans, on the other hand, will avoid dairy protein because it is derived from animals. As a result, the vegan population's demand for plant-based protein will increase rapidly. This could have a negative impact on the animal protein industry. Furthermore, the changing costs of raw materials for dairy protein may be a significant challenge for the animal protein market's leading competitors. These limitations may limit market growth in the coming years to some extent.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 44.08 billion |
Market size value in 2031 | USD 76.73 billion |
Growth Rate | 5.7% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Animal Protein 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 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.
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 Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Animal Protein 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.
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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Report ID: SQSG30I2049
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