The global animal protein market size was valued at US$ 9.16 billion in 2021. The global animal protein market is forecast to grow to US$ billion by 2030 by registering a compound annual growth rate (CAGR) of 3.49% during the forecast period from 2022 to 2030.
Animal proteins, such as dairy protein, gelatin, egg protein, etc., serve as a thickening agent, foaming agent, carrier, gelling agent, and texturizer in a variety of food, cosmetic, and nutraceutical preparations. They're also used in animal feed.
Factors Influencing the Market
Growing demand for proteins as nutritional and functional ingredients will fuel the growth of the animal proteins market. In addition to that, changing lifestyles and rising demand for protein-rich diets will benefit the animal proteins market.
Stringent food regulations may limit the growth of the global animal proteins market. On the contrary, growing health concerns and the introduction of new protein supplements will drive the market forward.
The product finds a wide range of applications in the pharmaceuticals and cosmetics industry. The rising demand for novel drugs and increasing adoption of cosmetics products will contribute to the growth of the global animal protein market during the study period.
COVID-19 Impact Analysis
The demand for animal protein remained the same in the pharmaceutical industry. In addition, the supplement industry also witnessed steady growth as the gyms were all closed. In addition, demand for protein-rich diets increased drastically, which drove the demand for protein supplements along. The pharmaceuticals industry witnessed a substantial jump in terms of revenue. As a result, it had been beneficial for the global animal protein market.
Regional Analysis
Globally, Asia-Pacific is expected to experience rapid growth in the animal protein markets in terms of value sales during the forecast period. demand for animal protein will increase drastically due to the growing awareness about the health benefits of a protein-rich diet. In addition to that, animal protein is widely used in the making of food and beverage in various countries. In addition to that, rising awareness of dairy protein as a sports or refreshment drink will surge the demand for animal proteins in the coming years. It is also used as an ingredient in skincare products, which has recently gained popularity. China is the Asia-largest Pacific consumer of dairy protein, followed by Japan and Australia. Furthermore, the region's development of the cosmetics and personal care industries will propel the demand for egg proteins during the study period.
Competitors in the Market
Market Segmentation
The global animal proteins market segmentation focuses on Product, Form, Application, and Region.
By Product Outlook
By Application Outlook
By Regional Outlook
