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Hydrolyzed Animal Protein Market Poised for Robust Growth, Expected to Reach US$ 838.43 Million by 2033 with a Remarkable CAGR of 6.1%

08-31-2023 03:24 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Hydrolyzed Animal Protein Market

Hydrolyzed Animal Protein Market

The market for hydrolyzed animal protein is anticipated to grow from an estimated value of US$ 463.78 million in 2023 to US$ 838.43 million by 2033, showing a CAGR of 6.1% during the projected period.

The market for proteins that have been hydrolyzed and divided into smaller peptides is known as the hydrolyzed animal protein market. Animal protein that has been hydrolyzed is frequently used in a wide range of products, including food, beverages, cosmetics, and animal feed.

Because there is a growing need for protein-rich ingredients in a variety of food and beverage applications, the Hydrolyzed Animal Protein Market is expanding significantly. The food processing industry has adopted hydrolyzed animal proteins because of their improved functional qualities, such as emulsification and flavour enhancement. Market expansion is further fueled by rising consumer knowledge of the health advantages of protein.

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Key Determinants of the Hydrolyzed Animal Protein Market

The drastically transformed purchasing patterns of consumers and the rise in disposable money have led to an increase in the demand for nutrient-rich meals. The market is anticipated to develop as a result of the growing acceptance of protein-focused diets and the consequent rise in demand for hydrolyzed animal protein in the food and beverage industry.

To produce hydrolyzed animal protein, meals of animal origin are first cooked in potent hydrochloric acid, before being neutralized with sodium hydroxide. Animal protein is in high demand among consumers, as awareness of its benefits for health among consumers grows. The market for hydrolyzed animal protein is predicted to grow as customer interest in healthy food and drink increases.

Bottlenecks of the Market

The demand for animal proteins, including meat and dairy proteins, is anticipated to decline as veganism becomes more popular. Consumers also believe that animal proteins are safer and healthier. The need for animal-based protein components and rising consumer concern about animal welfare are anticipated to restrain the growth of the hydrolyzed animal protein market.

Regional Outlook

Established markets dominate the global market environment. The popularity of veganism and vegan diets is promoting market expansion. The hydrolyzed animal protein market has the most significant manufacturers in North America and Europe. These regions collectively account for more than 60% of the global market.

As more people become aware of the health benefits of hydrolyzed animal proteins, and as their use in cosmetics and personal care items increases, the market is expanding. The growing nations of South Asia and East Asia are the next potential markets on the worldwide market for manufacturers.

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-Key Takeaways

-By the end of the analysis period, the food segment is predicted to record a CAGR of 6.4% and reach a valuation of US$ 490.7 million.
-The feed segment growth is anticipated to record a CAGR of 5.1% during the projection period.
-Through 2033, the United States hydrolyzed animal protein market is anticipated to reach a valuation of US$ 105.8 million.
-By 2033, China is expected to have a projected market size of US$ 219.57 million, recording a CAGR of 8% from 2023 to 2023.
-Japan is expected to record a CAGR of 3.6% between 2023 and 2023.
-The market growth in Canada is expected to increase between 2023 and 2023 at a CAGR of 5%.
-The hydrolyzed animal protein market in Germany is anticipated to increase between 2023 and 2023 at a CAGR of about 4.5%.
Competitive Landscape

There are many domestic and international competitors vying for market dominance in the competitive hydrolyzed animal protein industry. Businesses are concentrating on the development of new products with healthier animal-based components and a clean label claim, as well as on acquisition, merger, partnership, and expansion as their primary marketing strategies.

Several of the leading firms in the hydrolyzed animal protein market around the world include Arla Foods Ingredients Group P/S, BRF S.A., Cargill, Inc., Essentia Protein Solution, Fonterra Co-operative Group, GELITA, Kemin Industries, Inc., Kerry, Inc., Lactalis Ingredients, and Novozymes A/S.

Recent Developments

Launch - April 2019

A whey protein supplement derived from hydrolyzed whey protein was introduced in April 2019 by Dragon Pharma. The launch of the product is intended to meet the rising demand for hydrolyzed animal protein.

-Key Segments

-By Type:
Dairy Proteins
Meat
Poultry & Beef Proteins
Fish Proteins

-By Form:
Powder
Liquid

-By Application:
Pharmaceuticals and Nutraceuticals
Food
Cosmetics and Personal Care
Feed

-By Region:
North America
Europe
Asia Pacific
The Middle East and Asia

Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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