Animal Protein Ingredients Market

Global Animal Protein Ingredients Market Size (2024 to 2029)

Global Animal Protein Ingredients Market size was worth USD 40.84 billion in 2024 to USD 55.43 billion by 2029 with a CAGR of 6.30% 

Protein is a component of the human body and is very important as a fuel source. Protein is part of every process in the cell, so consumers have health and wellness ingredients to maintain a better lifestyle throughout life. A diet rich in protein combined with few carbohydrates helps to gain momentum and to combat obesity and diabetes effectively. Animal protein is generally derived from meat, milk, eggs, fish, and gelatin. Animal feed protein is an essential nutrient for the proper nutrition of all animals. Protein is responsible for restoring and restoring muscles and other body tissues. Protein is made up of amino acids that support the secretion of enzymes and hormones necessary for the normal functioning of the body. Lack of amino acids can cause livestock health problems, which decreases productivity and performance. Animals cannot produce their amino acids, so they must be provided in a dietary form. These factors should promote global demand for the product. Animal protein is a protein extract from sources such as milk, food and beverages, animal husbandry, health and personal care, which meets different needs. More than 70% of the total protein composition market is dominated by livestock protein. 

Global Animal Protein Ingredients Market Drivers, Restraints:

The global animal protein ingredients market is expected to experience significant growth in the coming years due to increasing consumer demand and increasing levels of consumer-available income. Recent outbreaks of diseases, such as bovine spongiform encephalopathy (BSE), also contributed to the growth of the world market. Oil and bone crops have been used in animal feed by banning the use of powdered meat and bone in major European countries. Protein ingredients are used in a variety of livestock feeds, including cattle, poultry, and pigs. Consumers' perceptions of meat quality are also supposed to have a positive impact on market growth in the next six years. The world is witnessing an increase in livestock production due to increased meat consumption, especially in emerging markets in China, Brazil, and Argentina. This trend is assumed to accelerate the demand for protein feed ingredients further. In addition, increased beef exports in India, a high-growth region, also helped develop the global market. 

Protein ingredients in pet food are also gaining importance due to their ability to increase the nutritional value of pet food and improve their function. They also help develop the immunity of various animals. There are three different types of animal protein, including isolates, concentrates, and hydrolyzates available in protein proteins. There are multiple functional properties of animal protein, such as emulsion, gelling, nutrition, foam, etc. Consumers are becoming increasingly aware of the health benefits of animal protein as health problems grow. They are willing to pay a premium for healthy food. However, the food industry differs between the demand and supply of foods based on animal proteins such as dairy products, beverages, meat, and clinical foods. Consumers find that eating healthy products plays a critical role in improving immunity to disease and reducing the risk of diseases like cancer, heart and kidney disease. 

On the other hand, people are increasingly choosing vegetarian meals for health benefits, which can hinder the growth of the market for animal protein ingredients business. A rise in the consumer disposable income level along with increasing meat demand is expected to drive the animal feed protein ingredients market. Disease outbreaks such as bovine spongiform encephalopathy (BSE) have also contributed to the growth of the market. Rising awareness about the quality of meat is also expected to fuel the market growth during the forecast period. Increasing livestock production is further expected to drive the market. Animal proteins contain high-fat content and excess intake of animal proteins can lead to heart diseases posing as a major restraint to market growth.

Impact of COVID-19 on global Animal Protein Ingredients Market:

With an impending economic downturn caused by Covid-19 pandemic, food and beverage revenues are likely to be under pressure. Coronavirus is likely to disrupt the supply chain and influence ingredients and raw material supply. The market is supposed to record minimal growth in the coming years due to the raising consumer awareness about health.

Animal-derived proteins are obtained from processed animals that help increase the taste of food, along with reducing animal production costs and continuous supply. Protein ingredients also help protect young fish and animals from disease by strengthening the immune system it needs to promote the growth of the animal protein ingredient market.

REPORT COVERAGE: 

This research report on the Animal Protein Ingredients Market has been segmented and sub-segmented based on form, type, application, functionality and region.   

Global Animal Protein Ingredients Market - By Form:   

• Isolate       
• Concentrate           
• Hydrolysate   

Global Animal Protein Ingredients Market - Type:

• Egg protein             
• Gelatin      
• Dairy protein      

Global Animal Protein Ingredients Market - By Application:

• Food and beverage             
• Nutritional supplements   
• Others      

Global Animal Protein Ingredients Market – By Functionality:

• Emulsification        
• Stabilizing
• Gelation   
• Others   

Global Animal Protein Ingredients Market – By Region:

• North America 
• Europe 
• Asia-Pacific 
• Latin America 
• Middle East and Africa 

Europe's animal protein ingredients market dominates geographic segmentation in terms of consumption. At the same time, Asia-Pacific is the fastest-growing market, accounting for a significant share of the world market for animal protein components after North America, and growth is anticipated to exceed expectations.

North America's animal protein ingredients market is expected to witness steady growth due to the recovery of the US economy. And the Asia Pacific region has become a leading market for protein feed ingredients and has accounted for a significant portion of global demand.

Asia Pacific animal protein ingredients market is also foreseen to show the highest growth rate during the forecast period. Increased meat consumption per capita in countries such as China, India, Indonesia, Thailand, Vietnam, and Malaysia are presumed to continue to be a significant driving force in the local market, along with increased consumer awareness of meat quality. 

Latin American animal protein ingredients market is likely to grow significantly due to increased meat consumption in Brazil and Argentina. The Middle East contributes considerably to the import of animal protein from the market. The increase in fish feed production in Peru has strengthened the demand for protein feed ingredients in South America. Peru is the largest producer of fishmeal, representing 16% of world fish production. Peruvian fish production has recovered its position by accelerating the growth of the local market in response to growing demand as fish imports increased, with right weather conditions that had a positive effect on the quality of anchovy fish.

KEY MARKET PLAYERS:

Key Market Players of global Animal Protein Ingredients Market are Cargill Inc, Dean Foods, Omega Protein Corporation, Gelita AG, Tyson Foods Inc, Valley Proteins Inc, Arla Foods, Protein Feeds, ADM, Darpro Solutions, DuPont, DSM.

RECENT HAPPENINGS IN THE MARKET:

• In February 2018, Catalysta developed and marketed the FeedKind protein used in organic systems for animal feed.
• In July 2018, Archer Daniels Midland (ADM) acquired Neovia with 72 production facilities for animal nutrition solutions in 25 countries.
• In August 2019, Cargill, the United States' leading food and nutrition conglomerate, announced a $ 75 million investment agreement with PURIS, one of the largest protein producers, to increase its portfolio of high-quality protein ingredients.
• In March 2019, a global producer of nutritional ingredients, Kemin Industries announced an expansion of its existing manufacturing facility in Chennai, India.