Animal Protein Market worth USD 8,240,786.1 Million by 2030

The Market Statsville Group (MSG) publishes the new report on the "Animal Protein Market by Product (Egg Protein, Dairy Protein, Fish Protein, and Gelatin), by Form (Solid and Liquid), by Application (Food & beverages, Cosmetics, and Personal care, Pharmaceuticals & Nutraceuticals, and Feed), by Region – Global Share and Forecast to 2030".

The global animal protein market size is estimated to grow USD 8,240,786.1 million by 2030 from USD 6,021,461.7 million in 2021, growing at a CAGR of 4.0% during the forecast period. Animal proteins such as gelatin, dairy protein, and egg protein are widely used in the food & beverages industry because of their high nutritional value as well as high functional attributes such as foaming, emulsification, gelling, and others. Thus, this fact has made animal protein a very popular and important ingredient used in the food & beverages industry, which contributes to the healthy growth of the animal protein market. Moreover, the proliferation of the food & beverages industry is expected to offer a huge opportunity to grow the animal protein market during the forecast period.

Global Animal Protein Market Segmentation

The animal protein market has been segmented into the product, form, application, and region.

By Product Outlook (Sales, USD Million, 2017-2030)

• Egg protein
• Dairy protein
• Fish protein
• Gelatin

By Form Outlook (Sales, USD Million, 2017-2030)

• Solid
• Liquid

By Application Outlook (Sales, USD Million, 2017-2030)

• Food & beverages
  • Bakery
  • Beverages
  • Breakfast Cereals
  • Condiments/Sauces
  • Confectionery
  • Dairy and Dairy Alternative Products
  • RTE/RTC Food Products
  • Snacks
• Pharmaceuticals & Nutraceuticals
• Cosmetics and Personal care
• Feed

By Region Outlook (Sales, USD Million, 2017-2030)

• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

Solid, by form, is estimated to hold the largest market share during the forecast period

By Form, the animal protein market is bifurcated into solid and liquid. The solid segment generated the highest revenue of 94.5% of the total global animal protein market in 2021, and it is expected to register a significant CAGR from 2022 to 2030. The solid form of animal protein such as dairy protein is extracted from milk through a number of downstream processes, which helps to obtain desired moisture content and protein concentration in products. Moreover, the solid form of the egg proteins is a dried version of fresh eggs.

Solid form of proteins influences the physical bulk state characteristics of the formulation. These forms of protein are gaining popularity in the food & beverages sector as it is high in calcium, protein and vitamins. Moreover, it can be easily transported. The solid form of animal protein has better shelf stability and eases handling & storage as compared to liquid form. Owing to a longer shelf life and better handling properties, solid form of animal protein is the most preferred in wide range of applications such as nutrition, food & beverage, feed, and personal care.

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Europe accounts for the largest market share in 2021

Based on the regions, the global animal protein market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Europe accounted for the highest market share of 35.9% in the global animal protein market and was anticipated to maintain its dominance throughout the forecast period. The Europe animal protein market is analyzed across the UK, Germany, France, Italy, Spain, Russia, and the rest of Europe.

The market for animal proteins is expected to grow significantly during the forecast period, owing to the development of the food & beverages industry and the rise in demand for food such as bakery products and confectioneries, which require egg protein for their preparation. Animal proteins such as egg protein and gelatin have increased demand from the personal care and cosmetics industry in Europe, as egg protein aids in skin smoothing and reducing wrinkles & fine lines.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the animal protein market. It also consists of the profiles of leading companies such as Arla Foods Inc., Archer Daniels Midland Company, Darling Ingredients Inc., Cargill, Inc., Shenzhen Taier, Kerry Group plc., The Kewpie Group, Nitta Gelatin Inc., PeterLabs Holdings, and Trobas Gelatine B.V. These market players have focused on acquisitions and expansion to gain a larger market share in the animal protein market.

Browse complete report: https://www.marketstatsville.com/animal-protein-market

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