Animal Protein Ingredients Market: Meticulous Research® Reveals Why This Market is Growing at a CAGR of 6.1% to Reach $46.04 Billion by 2027
Animal proteins are proteins derived from animal sources such as eggs, milk, and gelatine. Animal-based products are usually termed higher-quality proteins because they contain and supply adequate amounts of all the essential amino acids; whereas, plant-based products have limited amounts of some (but not all) amino acids. A large amount of animal protein is currently consumed in western diets.
According to the National Health and Nutrition Examination Survey (NHANES) (2018), animal sources account for approximately two-thirds of dietary protein. Demand for higher-value and quality foods such as meat, eggs, and milk is rising compared to plant origin food, such as cereals. These changes in consumption, together with sizeable population growth, have led to a large increase in the total demand for animal protein in many developing countries. These factors are collectively supporting the growth of the global animal protein ingredients market.
Meticulous Research®, in its latest publication on the animal protein ingredients market, states that the global animal protein ingredients market will grow at a CAGR of 6.1% from 2020 to 2027 to reach $46.04 billion by 2027.
The growth of this market is backed by factors such as increasing demand for health supplements, rising population and urbanization, growing consumer awareness towards nutritional food, improvement in supply chain management. Moreover, technological developments in the animal proteins industry further support the growth of this market. However, the increasing prevalence of milk allergies and lactose intolerance hinders the growth of this market to some extent. On the other hand, increasing consumer awareness about the benefits of a vegan diet poses a challenge to the animal protein ingredients market.
To provide efficient analysis, Meticulous Research® has segmented this market based on type (dairy protein (milk protein (milk protein concentrate, milk protein isolates, milk protein hydrolysates), whey protein (whey protein concentrate, whey protein isolates, whey protein hydrolysates), casein & caseinates), egg protein, gelatin, others), and application (food and beverages, nutritional supplements, animal feed, pharmaceutical, others), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).
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Scope of the report
Animal Protein Ingredients Market, by Type
- Dairy Protein
- Milk Protein
- Milk Protein Concentrate
- Milk Protein Isolates
- Milk Protein Hydrolysates
- Whey Protein
- Whey Protein Concentrate
- Whey Protein Isolates
- Whey Protein Hydrolysates
- Casein and Caseinates
- Milk Protein
- Egg Protein
- Gelatin
- Other Animal Protein
Animal Protein Ingredients Market, by Application
- Food and Beverages
- Nutritional Supplements
- Animal Feed
- Pharmaceutical
- Others
Animal Protein Ingredients Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific (APAC)
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Latin America
- Middle East and Africa
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Based on type, the global animal protein ingredients market is segmented into dairy protein, egg protein, and gelatin. The dairy proteins segment accounted for the largest share of the overall animal protein ingredients market in 2020. This segment’s leading position is mainly attributed to its huge demand in the food processing industries due to its versatile functionality. Its consumption is rapidly increasing in protein bars, meal replacement powder, high protein clinical formulation, and dietetic products. Additionally, the rising trend of healthy snacking culture and expansion of active nutrition will further contribute to the rapid growth of the dairy proteins segment during the forecast period.
Based on application, the global animal protein ingredients market is mainly segmented into food and beverages, nutritional supplements, animal feed, pharmaceuticals, and others. The food and beverage segment accounted for the largest share of the overall animal protein ingredients market in 2020. The large share of this market is mainly attributed to the rising acceptance of sugar-free, healthy, and functional ingredient-based processed food products and growing awareness and demand for protein-rich F&B products. However, the nutritional health supplements segment market is expected to witness rapid growth during the forecast period due to the rising fitness industry; increasing distribution channels of sports nutrition; and rising demand for protein bars, energy drinks, and other healthy snacks.
Geographically, Europe accounted for the largest share of the overall animal protein ingredients market in 2020, followed by North America, Asia-Pacific, Latin America, and the Middle East & Africa. The large share of this market is mainly attributed to growing innovation, increasing number of people preferring a healthy diet, the presence of a large number of animal protein ingredient manufacturers, and increasing demand for functional ingredients. However, the Asia-Pacific animal protein ingredients market is expected to grow at the highest CAGR during the forecast period. Factors driving the growth of this market include the increasing purchasing power of the middle-class population, expanding infant nutrition industry due to decreasing breastfeeding rate, growing foreign investment, and increasing demand for western dairy products, such as yogurt, fermented milk, and artisan dairy products.
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Key Players:
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players operating in this market, including Kerry Group (Ireland), Arla Foods amba (Denmark), Fonterra Co-Operative Group Limited (New Zealand), Royal FrieslandCampina N.V. (The Netherlands), Saputo Inc (Canada), Sodilaal International (France), Lactalis Group (France), AMCO Proteins (U.S.), Glanbia plc (Ireland), Hilmar Ingredients (U.S.), Cargill, Incorporated (U.S.), Kewpie Corporation (Japan), Savencia SA (France), and Agropur Cooperative (Canada).
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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