Animal Protein Market 2024-2032 Analysis: Trends, Competitor Dynamics, and Growth Opportunities

Key Insights

The Animal Protein Market size was valued at USD 20.11 USD billion in 2023 and is projected to reach USD 27.35 USD billion by 2032, exhibiting a CAGR of 4.49 % during the forecast period. Animal protein is made from animal tissues, these include body organs, muscle, and skin in the form of meat, poultry, fish, and others like eggs and dairy products. It incorporates all the categories of proteins known as complete proteins in that they have all the essential amino acids that the human body needs. Some major types are the muscle proteins that are present in meat and poultry; casein and whey proteins that originate from dairy products; and albumin which is obtained from eggs. These proteins are very palatable and are involved in muscle tissue remodeling, the synthesis of enzymes that are involved in digestion, and immune modulators. Protein from animals is commonly employed in many industries including health manufacturing and dietary supplements, protein bars, and shakes to the food manufacturing industries for cooking purposes in many world cuisines. They are appreciated for their nutrient density, capacity to sustain the body structures/ cells, and supply rich essentials not present in plant-based proteins. 

Animal Protein Trends

• Increasing consumption of animal protein in emerging markets
• Growing demand for plant-based protein alternatives
• Development of new protein technologies

Driving Forces: What's Propelling the Animal Protein Market

• Growing population and urbanization
• Rising disposable income
• Health and wellness concerns
• Technological advancements

Challenges and Restraints in Animal Protein Market

• Animal welfare concerns
• Environmental concerns
• Competition from plant-based protein alternatives
• Regulatory restrictions

Emerging Trends in Animal Protein

• Precision protein
• Cultured meat
• Insect protein

Growth Catalysts in Animal Protein Industry

• Government initiatives
• Research and development
• Mergers and acquisitions

Market Segmentation: Animal Protein Analysis

Type:

• Dairy Proteins
• Meat, Poultry & Beef Proteins
• Fish Proteins

Form:

• Powder
• Liquid

Application:

• Dietary Supplements
• Infant Formula
• Functional Food & Beverages
• Bakery Products
• Dairy Products
• Other Processed Foods (Soups, Sauces, Meat-based products)

Leading Players in the Animal Protein Market

• 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.)

Significant developments in Animal Protein Sector

• October 2023: FrieslandCampina Ingredients, one of the global leaders in protein and probiotics, announced that the company is doubling its whey production owing to the rising demand for such products globally.
• April 2023: Arla Foods Ingredients announced the launch of its new line of whey protein products. These new products were based on the company’s patented microparticulation technology. The new launch would cater to the global market's rapidly growing demand for whey protein.
• November 2022: Arla Foods, one of the significant ingredients companies, announced its partnership with First Milk, a British dairy co-operative. Together, they aimed to produce a specialty whey protein powder, targeting the enhancement of protein level in food and beverage products owing to the rise in demand for whey protein in the global market.
• October 2022: Arla Foods Ingredients announced the launch of its all-new product, which combined whey protein and electrolytes to target two significant sports nutrition goals: rehydration and restoration. As per the company, customers participating in physical activities heavily focused on rehydration and restoration.
• September 2020: DV Sadananda Gowda, Union Minister of Chemicals & Fertilizers, announced the launch of 8 new nutraceutical products under the Pradhan Mantri Bhartiya Janaushadhi Priyojana (PMBJP). These products were made available in the market through Janaushadhi Kendras across India.

Comprehensive Coverage Animal Protein Market Report

The Animal Protein Market report offers a comprehensive analysis of the market, covering key insights, trends, drivers, challenges, emerging trends, growth catalysts, market segmentation, leading players, significant developments, regional insights, consumer side analysis, DROCs, and SWOT analysis.

Regional Insight

The global animal protein market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific is projected to continue leading the market over the forecast period due to its vast population, increasing urbanization, and growing middle class with a heightened demand for animal protein.

Consumer Side Analysis

Consumers are becoming increasingly health-conscious and are looking for protein sources that are low in fat and cholesterol. This has led to a growing demand for plant-based protein alternatives and animal proteins that are sourced from sustainably raised animals.

DROCs

The key DROCs influencing the animal protein market are:

• Drivers
  • Rising global population and subsequent demand
  • Urbanization and lifestyle changes
  • Increased disposable income
  • Growing health consciousness and demand for protein-rich diets
  • Technological advancements in animal farming and food processing
• Restraints
  • Ethical concerns regarding animal welfare
  • Environmental impact of animal production
  • Competition from alternative protein sources (e.g., plant-based meats)
  • Government regulations and restrictions
• Opportunities
  • Emergence of precision protein sources and cultured meat technologies
  • Exploration of sustainable and ethical protein sources (e.g., insect protein)
• Challenges
  • Fluctuations in raw material prices (e.g., feed costs)
  • Intensifying competition within the market
  • Shifting consumer preferences and dietary trends

Swot Analysis

Strengths:

• High nutritional value
• Versatility
• Long shelf life

Weaknesses:

• Animal welfare concerns
• Environmental concerns
• Competition from plant-based protein alternatives

Opportunities:

• Growing demand for protein
• Development of new protein technologies
• Increasing awareness of the health benefits of animal protein

Threats:

• Regulatory restrictions
• Changing consumer preferences
• Fluctuating raw material prices