Global Animal Protein Ingredients Market Outlook 2027

Generally, animal proteins are known as complete proteins, meaning they contain all nine essential amino acids. Animal proteins are widely used for the formation of protein particles in the food industry (casein, whey protein, gelatin, egg proteins, fibroin etc.). Animal derived protein (obtained from the rendered animals) helps to increase meal palatability as well as reduce the cost of animal production. Also, protein-based feed ingredients help to protect young animals as well as several fish species from various diseases by enhancing their immunity. The increased consumption of meat and meat products, particularly in China, India, Malaysia, and Thailand, is driving up demand for animal protein ingredients. Easy availability of diverse meat products as well as efficient distribution channels (including retail stores and supermarkets) are likely to improve the growth of the animal feed protein ingredients market. The expanding meat industry is evaluating the obvious growth for the animal protein ingredients market because a large portion of the animal-based proteins are obtained from slaughterhouse byproducts. The scientific fact that animal proteins are a more abundant source of nutrients and are considered a whole food as compared to plant and other sourced proteins, also contributes to the growth of the animal protein ingredients market.

According to the report titled "Global Animal Protein Ingredients Market Outlook, 2027", published by Bonafide Research, the market is anticipated to grow at more than 5% CAGR for 2022–2027. Growing financial support from various growers has encouraged consumers to effectively grow poultry and livestock, which will in turn fuel the market's growth. Also, the growing consumer awareness relating to the extrinsic quality of meat will propel the global meat market, accelerating the animal protein ingredients market. Major manufacturers are expanding the array of isolates and concentrates to cater to the consumer requirements. Dairy proteins are emerging as lucrative segments, increasingly in the Asia-Pacific and Latin American economies. Whey-based and casein-based proteins have emerged as popular, high-quality categories across these regions. Protein ingredient manufacturers have ramped up investments in advanced processing technologies for whey protein isolates to cater to rising demand.
The global animal protein ingredients market is segmented into five major regions, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Among these regions, Europe is dominating the market with more than 32% of the market. In Europe, growing industrial livestock production will drive animal feed protein demand in the upcoming timeframe. The large share of this market is mainly attributed to growing innovation, the 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; the expanding infant nutrition industry due to the decreasing breastfeeding rate; growing foreign investment; and increasing demand for western dairy products, such as yogurt, fermented milk, and artisan dairy products. Based on the countries, the USA is anticipated to lead the market during the forecast period owing to increasing awareness of organic food consumption as well as higher penetration of advanced technologies.

According to the report, the market is segmented into various ingredient types, including egg protein, milk protein, whey protein, casein/caseinates, gelatin, and others (fish, collagen peptides). Among these types, egg protein is leading the market, followed by whey protein. The growth of the egg protein market is driven by a boost in consumption in the preparation of food products such as bakery, confectionery, snack products, processed meat, and seafood products. However, the gelatin segment is anticipated to grow at the highest CAGR during the forecast period. Further, the market is segmented into solid and liquid formations. The solid segment accounted for the highest animal protein market share in 2021. This is attributed to its better stability and ease of handling and storage compared to liquid form. The solid format of protein is the most preferable method of consumption for its target customers. However, the liquid segment is anticipated to grow at the highest CAGR during the forecast period. The global protein ingredient market is classified into four key applications including food and beverages, animal feed industry, cosmetics and personal care, and pharmaceutical and. The food and beverage industry has the largest market share of plant-based protein ingredients. On the other hand, the pharmaceutical segment is growing with the fastest CAGR during the forecast period of 2022–2027.

COVID-19 impacts
The COVID-19 has majorly impacted the consumer's purchase of cosmetics and other personal care products across the globe. The closure of restaurants, party events, offices, and others has resulted in a global decline in the sales of cosmetics and personal care products. This in turn has also hindered the demand for animal protein ingredients used for manufacturing cosmetic and personal care products. On the other hand, the advent of COVID-19 may have a moderate positive impact on the market, particularly during the short run, since increased awareness among consumers across both developed and developing economies to boost their immunity with the aim of mitigating the risk of infection will increase the consumption of dietary supplements and nutritional food products.

Major Companies present in the market:
Cargill, Inc., Kerry Group plc., Bunge Limited, Fonterra Co-operative Group, Arla Foods Ingredients Group P/S, Mead Johnson Nutrition Company, Agropur MSI, LLC, AMCO Proteins Company, CropEnergies AG, Omega Protein Corporation

Considered in this report
• Geography: Global
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Global Protein Ingredients Market with its value and forecast along with its segments
• Region & country wise Protein Ingredients market analysis
• Application wise Protein Ingredients distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Italy, Spain, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• Latin America (Brazil, Argentina, Colombia)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

Based on Animal type of protein ingredients in the report:
• Egg protein
• Milk protein
• Whey protein
• Casein protein
• Gelatin protein
• Fish protein, Others

By Application Type in the report:
• Food & Beverages
• Animal Feed
• Cosmetic & Personal care
• Pharmaceutical & Nutraceutical

By Formulation Type in the report:
• Solid
• Liquid

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to food and beverage industry, Medical industry, cosmetic industry, animal nutrition industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Manmayi Raval

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