Industry Background:
Rising Awareness about health benefits of animal protein will help to fuel the global Animal Protein Ingredient market in the forecasted period. Animal proteins ingredients are protein extracts from sources like milk, animal breeding, food & beverage, and health and personal care that meet different necessities. It includes bone meal, fish meal, blood meal, feather meal. Animal Protein Ingredient is generally derived from animal by-products. New Technological Developments in the Protein Ingredient Industry and high adoption of Livestock Products. These are key drivers of the global Animal Protein Ingredient market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Cargill (United States), Archer Daniels Midland Company (United States), Dean Foods (United States), Omega Protein Corporation (United States), Gelita GmBH (Germany), Davisco Foods International (United States), Erie Foods International, Inc. (United States), Fonterra Co-operative Group Limited (New Zealand), Manildra (Australia) and Milk Specialties (United States) |
According to AMA, the market for Animal Protein Ingredients is expected to register a CAGR of 5.9% during the forecast period to 2028. This growth is primarily driven by Increasing Demand for Nutritional Products and Supplements across the Globe and Upsurging Globally Obese and Geriatric Population across the Globe.
Globally, a noticeable market trend is evident Introduction to Numerous Flavoured Animal Protein Ingredients for Strengthening Product Portfolios
The Packaged Foods & Meats sector in the North Amercia region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Cargill (United States), Archer Daniels Midland Company (United States), Dean Foods (United States), Omega Protein Corporation (United States), Gelita GmBH (Germany), Davisco Foods International (United States), Erie Foods International, Inc. (United States), Fonterra Co-operative Group Limited (New Zealand), Manildra (Australia) and Milk Specialties (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Animal Protein Ingredients market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In January 24, 2023, BASF and Cargill expanded their partnership by adding the United States (US) to their existing feed enzymes development and distribution agreement to bring out innovative enzyme-based solutions. This helped company to expand its presence in animal protein ingredients market
On June 20, 2019, Cargill has opened its first innovation center in Singapore to help customers anticipate market forces and shifting consumer values around tastes, nutrition, and food safety. It has also connected the companys customers in the Asia Pacific region to a global network of 10 other innovation centers and 2,000 food scientists. The innovation center in Singapore will employ 20 food scientists by the end of 2019.
Regulatory Insights:
FDA and AAFCO work together in the area of animal food regulation, particularly in the establishment of definitions to describe new feed ingredients. Each year, AAFCO publishes its Official Publication, which includes a model feed bill for States to voluntarily adopt in regulating animal food products and a list of accepted feed ingredients. Under the Federal Food, Drug, and Cosmetic Act (FD&C Act) any substance added to or expected to become a component of animal food, either directly or indirectly, must be used in accordance with a food additive regulation unless it is Generally Recognized as Safe for that use (GRAS).
Influencing Trend:
Introduction to Numerous Flavoured Animal Protein Ingredients for Strengthening Product Portfolios and Technological Advancements in Protein Ingredient
Market Growth Drivers:
Increasing Demand for Nutritional Products and Supplements across the Globe and Upsurging Globally Obese and Geriatric Population across the Globe
Challenges:
Excessive Use of Animal Protein Ingredients might Cause Cardio Vascular Diseases and Lack of Awareness about the Protein Rich Products
Restraints:
Comparatively Expensive Solution that Other Food Ingredients and Animal Proteins also Contains Higher Fats
Opportunities:
Advancements and Expansion of Animal Protein Ingredients Distribution Channels and Rising Strategic Alliances of Local F&B Manufacturers with Globally Leading Players
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Animal Protein Ingredients Market
- Analysis about New Entrants in Animal Protein Ingredients Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Animal Protein Ingredients Study Sheds Light on
The Animal Protein Ingredients Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Animal Protein Ingredients industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Animal Protein Ingredients industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.