Worldwide Animal Protein Industry to 2027 - Introduction of Protein Supplements in Untapped Market Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Animal Protein Market by Product Type, Form and Application: Global Opportunity Analysis and Industry Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.

The global animal protein market was valued at $44,090.0 million in 2019, and is projected to reach $58,500.3 million by 2027, registering a CAGR of 5.4%.

Animal protein is a protein ingredient that is derived from the sources such as egg, dairy, fish, and others. Animal protein consists of four types including egg protein, dairy protein, fish protein and gelatin. This animal protein is widely adopted in food & beverages industry, cosmetics & personal care industry, pharmaceuticals & nutraceuticals industry, and feed industry. Rising adoption of animal protein in industries like pharmaceuticals & nutraceuticals, feed industry and other has driven the growth of the animal protein market.

Wide application of animal protein such as dairy protein and egg protein, in the food & beverages industry drives the growth of the market. Moreover, increase in demand for proteins as nutritional and functional ingredient has driven the growth of the market. However, surge in demand for plant-based protein and stringent food regulations toward animal origin food additives is expected to restrict the market growth in terms of value sales during the forecast period. Nevertheless, introduction of protein supplements in untapped market and product innovation and rise in demand for organic protein ingredients is expected to bring new opportunities for the animal protein market during the forecast period in terms of value sales.

The global animal protein market segments are categorized into product type, form, application, and region. By product type, it is classified into egg protein, dairy protein, fish protein and gelatin. By form, the market is bifurcated into solid and liquid. By application, it is divided into food & beverages, pharmaceuticals & nutraceuticals, cosmetics & personal care and feed. Based on the region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.

Key Benefits

• This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global animal protein market from 2019 to 2027 to identify the prevailing market opportunities.
• The key countries in four major regions are mapped based on their market share.
• Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global industry.
• Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
• The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.

Market Dynamics

Drivers

• Wide application of animal protein in Food & Beverages Sector
• Increase in demand for proteins as nutritional and functional ingredients
• Rise in demand for infant formula

Restraint

• Surge in demand for plant-based proteins
• Stringent food regulations toward animal origin food additives

Opportunities

• Introduction of protein supplements in untapped market
• Product innovation and rise in demand for organic protein ingredients

Company Profiles

• Archer Daniels Midland Company
• Arla Foods Inc
• Cargill, Incorporated
• Darling Ingredients Inc.
• Kerry Group Plc
• Kewpie Corporation
• Nitta Gelatin Inc.
• Peterlabs Holdings
• Shenzhen Taier Biotechnology Co., Ltd
• Trobas Gelatine B.V.

For more information about this report visit https://www.researchandmarkets.com/r/nokg15