Animal Protein Market Forecast and CAGR
According to latest research by Fact.MR, animal protein market is set to witness a significant growth during 2021-2031. Demand for animal protein will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Muted demand from supplement industry will mean limited opportunities in near future, however, sales of animal protein in food & beverages sector will provide momentum to market growth.
What is Driving Demand for Animal Protein?
The animal protein is derived directly from animal sources such as milk, meat and eggs. This is a complete form of natural protein that can be utilized for various applications in varied industries. Statistics suggest that more than 80% of the world population depends heavily on animal sources for protein requirements.
The surge in demand for animal protein-based diet is a direct result of increasing awareness about low carbohydrates and high protein intake in daily dietary. The need for a wholesome diet among modern consumers derived from natural sources with minimal adulteration is a potent driver for increased demand for animal-based nutrition.
The derived protein is used in numerous industries and also it can be presented under organic or natural label. In such a scenario the animal is only fed with plant-based diet. The newly originating market trends and consumers changing taste preferences are some of the cogent factors that are impressing on high utilization of animal proteins.
Moreover, there are regions where alternative plant-based diet sources simply perish as a result the population is left to rely on animal proteins only. The protein can be derived from onshore as well as aquatic environments adding versatility to the product range.
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Aquatic Foods Industry Recovery Likely to Augment Animal Protein Sales
The Covid-19 origin speculations and rumors of it spreading via aquatic sources did cast decline in the demand for animal proteins sources. In 2018 the fisheries industry observed a high demand about 5% more than the previous consecutive years but due to the virus outbreak the demand saw a sudden decrease and is expected to have long term effects from the same.
Poultry Industry Recovery Likely to Augment Animal Protein Sales
The sudden outbreak of bird flue has resulted in a decline of around 40% in the chicken consumption even though the outbreak was reported in non-poultry birds. It did adversely affect the sale of chicken derived protein and eggs as well. But as the situation is neutralizing the sales are showing optimistic market growth in near future.
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Canada Animal Protein Market Outlook
The statistics suggests that the Canadian animal protein market is observing a steady increase in manufacturing, processing, demand and supply over the last decade. The meat, beef and poultry converged to more than US$ 30 Bn in revenue in 2021. The hog & pig and the animal feed production together accounted for more than US$ 10 Bn in revenue in the same year.
Such optimistic business growth trends are impressing on even more utilization of animal protein in the present decade. The growing population and the need for more and wholesome dietary are all aiding to the increased sales of animal proteins in Canadian marketplace.
In this decade the Canadian per capita consumption of animal-based proteins is expected to observe its peak if the market trends stay the same i.e., a steady paced growth each year. The increase in the average disposable income of Canadian citizens is also accounting for an increase in the meat and dairy consumption every year.
Europe Demand Outlook for Animal Protein
The observed trends suggest that the consumption of animal-based protein has remained stationary in the span of more than 10 years in the last decade. There is also a slight decrease in the consumption for some time but the trends since shows optimistic growth rates.
The reliance on cheese and poultry for protein shows an increase of up to 15% and also a decrease in bovine meat consumption by roughly 14%. Cheese, pig meat and sea food being the most preferred animal protein sources. Also, more than half of the overall consumed animal protein is imported from various production centers. This is proving animal protein business to be a lucrative investment for key players.
The consumption may vary on the type and dynamics of time in coming decade but the trends are expected to bloom optimistic growth results in the European marketplace. The per capita consumption may increase as new sources and labels like organic are introduced in the marketplace.
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Who are the Key Manufacturers and Suppliers of Animal Protein?
The key players in the animal protein industry includes
- Kemin Industries Inc.
- JBS Global
- Saria limited
- Gelita AG
- Omega Protein Corporation
- Dean foods
- Prinova Group LLC
- European Animal Protein Association
- Adisom Formulation
- Protinex Advanced Feed Industries
- JAPFA Ltd
- Partnar Animal Health
- Universal Nutrition
- Redcon1 LLC
The key manufacturers and suppliers of animal protein are impressing on providing its customers with non-GMO and organic certified animal proteins. These fall parallel with the new evolving market trends and also ensures a thorough acceptance as well as utilization of animal proteins. Subsidizing research and development to improve the product range may result in optimistic market growth. The key players are also aiming on improving the appearance of their product.
Animal Protein Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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- Foodservice industry
- Food manufacturing industry
- Extracted/ Processed
- Supplements/ Health care
- Animal Husbandry
By Distribution Channel
- Business to Business
- Business to Consumers
- Supermarkets/ Hypermarkets
- Convenience Stores
- Online Retails
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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