Press release
Animal Protein Market Size, Demand, Growth Opportunities, Industry Revenue, Future and Business Analysis by Forecast 2029
Animal protein demand is increasing rapidly due to the adoption of a healthy diet among consumers. The consumption of a protein-rich diet is increasing rapidly due to consumers' adoption of a healthy diet. The awareness among consumers regarding the nutritional benefits of animal protein products can boost the product demand.
It provides vitamins, proteins, calcium, and other nutritional benefits to consumers, thereby boosting their health. It is extensively used in nutraceuticals and food supplements due to its health benefits. Animal protein is used in protein supplements and protein drinks for the aged population, pregnant women, and athletic individuals. The rising demand for protein in pet food and healthcare sectors can boost the market growth during the upcoming years.
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Impact of COVID-19
Robust Demand from Healthcare Industry to Promote Market Growth
The changing lifestyle and consumer preference during the COVID-19 pandemic are likely to boost the market growth of the COVID-19 pandemic. Animal protein is used for the production of protein supplements for pregnant women and consumers with an active lifestyle. The product's sales are increasing rapidly due to the nutritional benefits provided by the product. The manufacturing activities are increasing rapidly due to the intense demand for protein in food supplements and pet food products. Thus, this factor can propel the market growth during the COVID-19 pandemic.
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Segments
By type, the market is segmented into fish proteins, dairy products, and meat, poultry & beef proteins. As per the product's form, it is bifurcated into liquid and powder. Based on application, it is classified into functional foods & beverages, dairy products, infant formula, dietary supplements, animal nutrition, bakery foods, and other processed foods. Geographically it is clubbed into Europe, North America, Asia Pacific, South America, and the Middle East & Africa.
Highlights of the Report
This report provides an analysis of the latest market trends and the top segments.
It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the global market.
The report examines the regional developments and the strategies implemented by the market's key players.
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Drivers and Restraints
Strong Demand for Protein-rich Food Supplements to Bolster Market Growth
Animal Protein's demand is increasing rapidly due to its adoption in several dietary supplements. The consumer's changing diet preference has led to the adoption of protein supplements, drinks, food products, and others. The demand for animal meat is increasing rapidly due to its protein content and taste. It is used in several fast food joints such as Burger King, McDonald's, and others. The demand for fresh packaged meat is increasing rapidly during the pandemic due to the closure of hypermarkets/supermarkets and retail shops. Online retail has picked up steam due to the convenience of shopping. For example, Licious provides fresh animal meat such as chicken, boneless mutton, lean mutton, and other animal protein foods on its website and app. Hence its adoption in food supplements and food are likely to drive the animal protein market growth.
However, the availability of plant-based protein products is likely to hamper the market growth.
Regional Insights
Booming Food & Beverage Industry to Boost Market Growth in North America
North America is projected to dominate the animal protein market share due to the presence of an established food sector. In addition, the adoption of advanced technology for the production and processing of animal protein is likely to propel market growth.
In Europe, robust demand for functional food & beverages is anticipated to boost demand for animal protein. In addition, the adoption of animal protein in processed foods is likely to boost market growth.
In Asia Pacific, the rising demand for animal protein among the geriatric population and pregnant women can attract product demand. The rising adoption of animal protein from the fitness sector can bolster market growth.
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Competitive Landscape
Launch of Technologically Advanced Products to Reinforce the Prominent Companies Stance
The prominent companies operating in the market are launching new technology that eliminates the need for animals to produce animal protein. For example, Motif Food Works Fermentation introduced advanced technology in September 2019. The technology can produce genetically modified microbes to create animal products without the need for an animal. This strategy was implemented because of the rising awareness of animal wellness. This strategy can enhance the company's market position globally.
Industry Developments
January 2020: North American Meat Institute (NAMI) undertook a new initiative to improve the sustainability of products prepared from animal protein.
List of Key Players Profiled in the Animal Protein Market Report
Lactalis Ingredients
Arla Foods Ingredients Group P/S
Fonterra Co-operative Group
Kerry, Inc.
Novozymes A/S
Kemin Industries, Inc.
BRF S.A.
Cargill, Inc.
Essentia Protein Solutions
GELTIA
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