Pune, India, Dec. 13, 2023 (GLOBE NEWSWIRE) -- global animal protein market size was valued at USD 20.11 billion in 2022. The market is anticipated to expand from USD 21.09 billion in 2023 to USD 28.67 billion in 2030, exhibiting a CAGR of 4.49% during the forecast period.
Proteins, vital macromolecules built from amino acid chains, are essential for muscle development. The surge in urban living across Asia Pacific region has significantly propelled the demand for animal protein products, emerging as a pivotal driver for market growth in this region.
Fortune Business Insights™ provides this information in its research report, titled “Animal Protein Market, 2023-2030”.
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Leading Players Featured in the Animal Protein Market Research Report:
- Arla Foods Inc. (Denmark)
- Nitta Gelatin Inc. (Japan)
- Shenzhen Taier Biotechnology Co. Ltd. (China)
- Kerry Group Plc. (Ireland)
- Peterlabs Holdings (Malaysia)
- Archer Daniels Midland Company (U.S.)
- Trobas Gelatine B.V. (Netherlands)
- Cargill Incorporated (U.S.)
- Kewpie Corporation (Japan)
- Darling Ingredients Inc. (U.S.)
Report Scope & Segmentation:
| Report Attribute | Details |
| Forecast Period | 2023-2030 |
| Forecast CAGR | 4.49 % |
| 2030 Value Projection | USD 28.67 Billion |
| Animal Protein Market Size in 2023 | USD 21.09 Billion |
| Historical Data | 2019-2021 |
| No. of Pages | 162 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered |
|
| Regions Covered |
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| Animal Protein Market Drivers | Rising Prevalence of Protein-Rich Diet among Individuals to Drive Market Growth |
| Rapid growth in Plant-based Protein Market to Restraint Animal Protein Market Growth |
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/animal-protein-market-104321
Segmentation:
Whey Segment to Showcase Highest Growth Rate due to Rising Wellness Activities
By type, the market is divided into whey, egg protein, gelatin, and caseinate. The whey segment exhibits the highest growth rate during the forecast period. The surge in sports, fitness, and wellness activities among individuals is a pivotal factor driving the demand for whey protein.
Food & Beverages Segment Hold the Highest Share Owing to Elevated Demand for Egg and Whey
In terms of end-use, the market is fragmented into pharmaceuticals, food & beverages, cosmetics, and animal feed. The food & beverages segment capture the highest share in the market. The food and beverage segment's dominance is driven by a heightened demand for egg and whey, prevalent choices among manufacturers. These sought-after protein sources are extensively incorporated into various food and beverage products, amplifying the segment's market share.
In terms of region, the market is categorized into Europe, North America, the Asia Pacific, South America, and the Middle East & Africa.
Report Coverage:
The in-depth market research report meticulously examines critical facets, including types, end-uses, and leading companies. Moreover, it offers valuable insights into emerging market trends and pivotal industry developments. Furthermore, the report delves into a spectrum of factors that have played a vital role in shaping the market's growth trajectory in recent years.
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COVID-19 Impact:
Consumer Stockpiling of Food Products during Pandemic Obstructed the Market Growth
Consumer stockpiling during the pandemic focused mainly on essential food products, causing a notable decline in demand for non-essential items. This change in consumer behaviour acted as a deterrent to the animal protein market growth. However, a heightened awareness of protein intake and a preference for healthier diets have spurred an increased demand for nutraceutical and protein-based products, fostering growth in the market.
Drivers and Restraints:
Rapid Progress in the Nutraceutical Industry to Spur Market Development
The growing awareness of health benefits is propelling the market. As individuals become more health-conscious, there is a growing recognition of nutraceutical products in managing health issues. The surge in participation in athletics, recreational activities, and sports, particularly among the geriatric and millennial population, is a significant factor supporting the increased consumption of nutraceutical products.
However, rising awareness of the harmful practices within the poultry and animal husbandry industry is contributing to a significant decline in the demand for animal products.
Regional Insights:
Asia Pacific Secures the Dominant Share Owing to Huge Population and Presence of Major Markets
Asia Pacific region captures the dominant part in the animal protein market share. The region's significant population and the presence of major dairy and poultry markets contribute to its dominant market share. The sheer size of the markets creates a substantial demand for animal protein products.
The South America and Middle East & Africa regions demonstrate a notable growth, fueled by heightened food and beverage consumption and a rising consumer preference for a healthier diet, fostering overall market expansion in these regions.
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Competitive Landscape:
Major Players Form Alliances to Boost their Product Reach
Major players such as Cargill, Kerry Group, and Arla Foods dominate the global animal protein market, actively pursuing strategies such regional expansion, technological advancements, and new product launches. These initiatives aim to meet the increasing global demand for animal protein products.
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Trends
- Key Insights
- Overview of the Parent/Related Markets
- Industry SWOT Analysis
- Supply Chain Analysis
- Recent Industry Developments - Policies, Partnerships, and Mergers & Acquisitions
- Qualitative Analysis Related to COVID-19
- Impact of COVID-19 on the Market
- Supply Chain Challenges Amidst Pandemic
- Potential Opportunities due to this Global Crisis
- Global Animal Protein Market Analysis, Insights and Forecast, 2019-2030
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type
- Whey
- Egg Protein
- Gelatin
- Caseinate
- By End-Use
- Pharmaceutical
- Food & Beverages
- Cosmetics
- Animal Feed
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Type
- North America Animal Protein Market Analysis, Insights and Forecast, 2019-2030
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type
- Whey
- Egg Protein
- Gelatin
- Caseinate
- By End-Use
- Pharmaceutical
- Food & Beverages
- Cosmetics
- Animal Feed
- By Country (Value)
- U.S.
- By Type
- Whey
- Egg Protein
- Gelatin
- Caseinate
- By Type
- Canada
- By Type
- Whey
- Egg Protein
- Gelatin
- Caseinate
- By Type
- Mexico
- By Type
- Whey
- Egg Protein
- Gelatin
- Caseinate
- By Type
- U.S.
- By Type
- Europe Animal Protein Market Analysis, Insights and Forecast, 2019-2030
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type
- Whey
- Egg Protein
- Gelatin
- Caseinate
- By End-Use
- Pharmaceutical
- Food & Beverages
- Cosmetics
- Animal Feed
- By Country (Value)
- Germany
- By Type
- Whey
- Egg Protein
- Gelatin
- Caseinate
- By Type
- France
- By Type
- Whey
- Egg Protein
- Gelatin
- Caseinate
- By Type
- Italy
- By Type
- Whey
- Egg Protein
- Gelatin
- Caseinate
- By Type
- U.K.
- By Type
- Whey
- Egg Protein
- Gelatin
- Caseinate
- By Type
- Spain
- By Type
- Whey
- Egg Protein
- Gelatin
- Caseinate
- By Type
- Rest of Europe
- By Type
- Whey
- Egg Protein
- Gelatin
- Caseinate
- By Type
- Germany
- By Type
TOC Continued...!
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Key Industry Development:
November 2022- The Brazilian-based company Acquion announced the initiation of collagen and gelatin production at its plant. The focus is on achieving the highest levels of protein and purity in their products.
Read Related Insights:
Protein Supplements Market to Reach USD 51.81 Billion by 2030 | At a CAGR of 9.5%
Whey Protein Market Worth USD 18.12 Billion by 2022-2029 | Whey Protein Industry to Exhibit CAGR of 7.4%
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