Research Nester’s recent market research analysis on “Animal Protein Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global animal protein market in terms of market segmentation by form, product, application, and by region.
Increasing Use of Animal Protein in Various End-User Sectors to Promote Global Market Share of Animal Protein
The global animal protein sector is estimated to grow majorly on account of the increased utilization of animal protein the industries such as food & beverages, cosmetics, pharmaceutical sectors, and others. The growing use of animal protein in the pharmaceutical and biotechnology sector for the development of cultures of microorganisms is estimated to hike the market growth in the coming years. Increasing applications in the production of pharmaceutical products to develop active and inactive components which include binders, fillers, transporters, stabilizers, and others.
Inclusion of meat in many food items to enhance the taste as a form of fat or oil is estimated to propel the market expansion. The rising usage of fish oil as a vitamin supplement such as omega 3 fatty acid that reduces cholesterol levels in the body. Moreover, there has been consumption of animal by-products such as milk, cheese, ghee, meat, and other dairy products as a protein source to enhance bodybuilding and strength. More than 65-70% of people worldwide consume meat and other animal products. High intake of protein by many people to decrease body weight and an increasing number of people suffering from obesity issues is anticipated to fuel the market segment growth.
Some of the major growth factors and challenges that are associated with the growth of the global animal protein market are:
- Increasing the Number of Cattle and Livestock Sector
- High Consumption of Baby Formula with Escalating Birthrate
The increasing population of vegetarians and the conversion of people to a vegan diet to reduce animal kills are some of the major factors anticipated to hamper the global market size of animal protein. The increasing adverse effects of a high intake of animal meat and protein and strict regulations for manufacturers to produce high-quality protein are restricting the growth of the market in the coming years. The adverse effects include increased secretion of the IGF-1 hormone which leads to cancer with rapid cell division.
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By application, the global animal protein market is segmented into food & beverages, pharmaceuticals & nutraceuticals, cosmetics & personal care, and feed. The food & beverages segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The consumption of animal protein in the daily diet in one form or another is estimated to fuel the market segment growth. Animal protein has become part of a healthy diet including eggs, milk, and curd or yogurt. Also, there has been growing use of animal protein in the food and beverages industry in the manufacturing of gelatin, processed milk, meat, and other products. Increasing consumption of gelatin in the food sector for the making of ice creams as gelatin maintains the freshness of ice creams providing a texture. Every year more than 13 billion liters of ice cream was consumed by people across the world as per the reports.
By region, the Asia Pacific animal protein market is to generate the largest revenue by the end of 2035. This growth is anticipated by the high intake of milk by people in the region. Milk consumption in India increased from 51% in 2014-15 to nearly 2 million tons in 2020-21 influenced by government programs. The rising birthrate in the region increasing the use of baby formulas fully made of milk proteins is fueling the market growth. Enhanced adoption of several programs by the government to produce quality milk from powdered milk, and the increasing consumption of protein bars, and weight powders by atheletes, and bodybuilders is expected to propel market growth. Increasing utilization of dietary products that are made of animal protein is anticipated to propel the growth opportunities of the market.
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This report also provides the existing competitive scenario of some of the key players of the global animal protein market which includes company profiling of Archer Daniels Midland Company, Arla Foods Ingredients Group P/S, Cargill, Incorporated, Darling Ingredients Inc., Kerry Group Plc, Kewpie Corporation, Nitta Gelatin India Limited, Peterlabs Holdings Berhad, Fonterra Co-Operative Group Limited, and Trobas Gelatine B.V, and others.