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Animal Derivatives Market Statistics, Size And Share Analysis Report Forecast 2024 To 2033
Animal Derivatives Market
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Increased Spending On Pet Foods Drives Growth In Animal Derivatives Market
The increased spending on pet foods is expected to propel the growth of the animal derivatives market going forward. Pet food is commercially prepared food specifically formulated and manufactured for domesticated animals' dietary needs and consumption. Animal derivatives are commonly used in pet foods as a source of proteins and other nutrients. For instance, in March 2023, according to the pet ownership and spending data released by the American Pet Products Association (APPA), a US-based non-profit industry association, spending on pet foods in the US increased by 16.2% in 2022 to reach $58.1 billion as compared to 2021. Therefore, the increased spending on pet foods drives animal derivatives.
Innovative Products Drive Momentum In Animal Derivatives Market
Product innovations are a key trend gaining popularity in the animal derivatives market. Major companies in the market are introducing innovative products such as PureeX® to sustain their position in the market. For instance, in April 2023, Protix, a Netherlands-based manufacturer of ingredients for food supplements, launched PureeX insect meat. The new product is freshly extracted from insects and is a very nutritious and appetizing ingredient to be used in pet foods. It also has a low carbon footprint, high antioxidant levels, and antimicrobial activity.
The animal derivatives market covered in this report is segmented -
1) By Type: Immunoglobulin, Serum Albumin, Fibrinogen, Other Types
2) By Animal Type: Ovine, Bovine
3) By Application: Food And Beverages, Pharmaceutical Industry, Cosmetic Industry, Pet Food Industry, Others Applications
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Major companies operating in the animal derivatives market report are ANZCO Foods Ltd., Rocky Mountain Biologicals Inc., Auckland BioSciences Ltd., LAMPIRE Biological Laboratories Inc., Proliant Biologics LLC, Sigma-Aldrich Co., Thermo Fisher Scientific Inc., Kedrion Biopharma Inc., LFB S.A, Octapharma AG, Takeda Pharmaceuticals Company, Sanofi S.A., Grifols S.A., Bayer AG, Commonwealth Serum Laboratories, Fusion Health Care Pvt. Ltd., Nippi Inc., Tessenderlo Group, Kewpie Corporation, Pure Ingredients, Ewald-Gelatine GmbH, Kerry Group, Darling International Inc., Gelken Gelatin Co. Ltd., Foodmate Co. Ltd., Weishardt Group, Trobas Gelatine BV, Nitta Gelatin Ltd., Gelita AG, Kraeber & Co. GmbH
Contents of the report:
1. Executive Summary
2. Animal Derivatives Market Report Structure
3. Animal Derivatives Market Trends And Strategies
4. Animal Derivatives Market - Macro Economic Scenario
5. Animal Derivatives Market Size And Growth
…..
27. Animal Derivatives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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