Press release
Increased Spending On Pet Foods Drives Growth In Animal Derivatives Market Driver: Leading Transformation in the Animal Derivatives Market in 2025
Animal Derivatives Market Size
The surge in expenditure on pet foods is predicted to fuel the expansion of the animal derivatives market in the future. Pet food, which is specifically designed and produced for the dietary needs and consumption of domesticated animals, often incorporates animal derivatives as a significant source of proteins and other nutrients. For example, the American Pet Products Association (APPA), a non-profit industry association based in the US, disclosed pet ownership and expenditure data in March 2023, indicating that spending on pet foods in the US rose by 16.2% in 2022, hitting $58.1 billion compared to the previous year. Hence, the increased expenditure on pet foods contributes to the growth of the animal derivatives sector.
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What growth opportunities are expected to drive the animal derivatives market's CAGR through 2034?
The market size for animal derivatives has seen significant growth in the past few years. It is projected to expand from $12.55 billion in 2024 to $13.3 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.0%. The notable growth during the historic period can be credited to extended use in the food industry, an increase in global population, a rise in disposable income, cultural and dietary inclinations, the nutritional content, and the demand for protein.
The market for animal by-products is projected to experience robust expansion in the upcoming years. The market value will reach "$17.02 billion in 2029, with a 6.4% compound annual growth rate. The forecasted growth is driven by factors such as ongoing population increase, escalating urbanization and westernization, growth of the middle-class consumer base, increased focus on health and wellness, and a diversification of available products. Key trends during the forecast period encompass the proliferation of plant-based alternatives, advancements in processing technology, incorporation into functional foods, developments in global regulations, the rise of e-commerce, and the expansion of direct-to-consumer models.
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What are the emerging trends shaping the future of the animal derivatives market?
The animal derivatives market is seeing a significant trend towards product innovation. In order to maintain their market standing, major corporations are rolling out inventive products like PureeX. Protix, a manufacturer of food supplement ingredients based in the Netherlands, led the way in April 2023 by releasing its PureeX insect meat. This product, which is a highly nutritious and tasty ingredient for pet food, is produced directly from insects. It not only has a reduced carbon footprint, but also boasts high antioxidant content and antimicrobial properties.
Which growth-oriented segments of the animal derivatives market are leading the industry's development?
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
Subsegments:
1) By Immunoglobulin: IgG (Immunoglobulin G), IgM (Immunoglobulin M), IgA (Immunoglobulin A)
2) By Serum Albumin: Bovine Serum Albumin (BSA), Porcine Serum Albumin, Equine Serum Albumin
3) By Fibrinogen: Bovine Fibrinogen, Porcine Fibrinogen
4) By Other Types: Growth Factors, Cytokines, Enzymes
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What regions are leading the charge in the animal derivatives market?
North America was the largest region in the animal derivatives market in 2024. The regions covered in the animal derivatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the animal derivatives market?
Major companies operating in the animal derivatives market include 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
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What Is Covered In The Animal Derivatives Global Market Report?
• Market Size Forecast: Examine the animal derivatives market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the animal derivatives market for a structured understanding.
• Key Players Overview: Analyze major players in the animal derivatives market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the animal derivatives market.
• Segment Contributions: Evaluate how different segments drive overall growth in the animal derivatives market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the animal derivatives market.
• Industry Challenges: Identify potential risks and obstacles affecting the animal derivatives market.
• Competitive Landscape: Review strategic developments in the animal derivatives market, including expansions, agreements, and new product launches.
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