Processed Animal Protein Market

Processed Animal Protein Market

Growth Factors of Animal Protein Market

The Animal Protein market size was valued at USD 20.11 billion in 2023, and the market is now projected to grow from USD 21.09 billion in 2024 to USD 28.67 billion by 2032, exhibiting a CAGR of 4.49% during the forecast period of 2024-2032.

In the hustle of the prevailed epidemic of Covid-19 the effects were quiet adverse as it impacted the deals of food items. In spite of the fact that the nourishment and refreshments deals saw a sudden spike owing to shoppers stockpiling in the midst of the rising fear of lockdown, the center of stockpiling slanted more toward vital nourishment items. Hence, there was a striking decrease in request for protein items such as whey and in all the pandemic caused disruptions in supply chain affected the animal protein market growth.

The nutraceutical industry has appeared critical development in later a long time owing to the rising mindfulness of the potential benefits of dietary supplements among people. Nutraceutical items are known for helping in overseeing wellbeing issues such as diabetes, weight, cardiovascular maladies, cholesterol, specialists, and others.

Animal proteins such as whey, egg white powder, and others have essentially picked up attention among food refreshment producers owing to the expanding utilization of protein-rich diets among people. The worldwide request for a protein-rich diet has been rising over the ongoing years owing to the increment in mindfulness of the benefits related with protein utilization. In expansion, the rising predominance of protein among the geriatric populace and the expanding geriatric populace fills the request for animal protein within the nourishment and refreshment industry.

Comprehensive Analysis of Animal Protein Market

On the foundation of analysis of type bifurcation, the market structure is sectioned into whey, egg protein, gelatin, and caseinate. Whey shows the most elevated development rate amid the estimate period owing to the expanding cooperation in sports, games, and wellness administrations among people which is fueling the request for whey protein. The market for animal protein on the dissemination of end-user analysis is further partitioned as into pharmaceuticals, nourishment & refreshments, makeup, and creature nourish. Nourishment & refreshments fragment holds the most noteworthy share within the showcase owing to the higher request for egg and whey among nourishment and refreshment producers.

The territory of Asia Pacific continent formerly holds a mega portion of animal protein market share with a revenue grossing of USD 8.84 billion due to its major sector of population and a huge number of dairy and poultry markets. In expansion, the pace in development within the urban population and increment within the investing capacity of people in nations such as India and China advance contribute to market development.

Kerry Group Plc (Ireland), Arla Foods Inc. (Denmark), Cargill Incorporated (U.S.), Darling Ingredients Inc. (U.S.), Nitta Gelatin Inc. (Japan), Kewpie Corporation (Japan), Peterlabs Holding (Malaysia), Archer Daniels Midland Company (U.S.), Shenzhen Taier Biotechnology Co. Ltd. (China) and many other are considered to be a few of the driving players within the advertise. The dominance of these players is inferable to the solid coordinate and backhanded presence of these companies within the worldwide advertise, coupled with a differentiated and high-quality item portfolio. These showcase players are centering on the foundation of modern backups, mergers, acquisitions, and item dispatches to enter modern markets.

In between the month of October 2023, the FrieslandCampina Ingredients, one of the worldwide pioneers in protein and probiotics, reported that the company is multiplying its whey generation owing to the rising request for such items universally.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 4.49% from 2023-2030

Unit Value (USD billion)

Segmentation By Type

Whey

Egg Protein

Gelatin

Caseinate

By End-Use

Pharmaceutical

Food & Beverages

Cosmetics

Animal Feed

By Geography

North America (By Type, End-Use, and Country)

• U.S. (By Type)
• Canada (By Type)
• Mexico (By Type)

Europe (By Type, End-Use, and Country)

• Germany (By Type)
• France (By Type)
• Spain (By Type)
• U.K. (By Type)
• Italy (By Type)
• Rest of Europe (By Type)

Asia Pacific (By Type, End-Use, and Country)

• China (By Type)
• India (By Type)
• Japan (By Type)
• Australia (By Type)
• South Korea (By Type)
• Rest of Asia Pacific (By Type)

South America (By Type, End-Use, and Country)

• Brazil (By Type)
• Argentina (By Type)
• Rest of South America (By Type)

Middle East & Africa (By Type, End-Use, and Country)

• Saudi Arabia (By Type)
• Saudi Arabia (By Type)
• Rest of the Middle East & Africa (By Type)


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