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Animal-derived ingredients have been widely consumed as food and ingredients in other industries for many years. The animal-derived ingredients, such as milk, honey, gelatin, and others are used in pharmaceutical and cosmetics & personal care industries.
Animal-derived ingredients are rich in proteins, vitamins, antioxidants, and other properties that help in proper bodily functions. These animal-derived ingredients are used in many processed food products as an emulsifier, thickener, or preservative. For instance, In February 2020, great Lakes Gelatin launched four new flavours in its collagen powder range for offering the consumers new varieties of collagen. Moreover, the growing demand for naturally sourced food additives have aided its market growth.
The growth in the food industry coupled with the rise in consumption of ready-to-eat/cook products has benefitted the animal-derived ingredients market. Further, the comparatively easy procurement and lower price of animal-derived ingredients than plant-based has positively impacted its growth.
The changing preferences of consumers towards animal-based products due to its better taste and high-quality along with its nutritional properties are key factors driving its growth. Further, the wide incorporation of these animal-derived ingredients in various processed foods has also contributed in its growth.
The rising vegan trend has led the consumers to shift towards plant-based ingredients and has negatively impacted the market growth. Additionally, the plant-based ingredients are widely utilized as a substitute for animal-derived products due to their taste and texture compliance thereby impeding its market growth.
Key Market Driver -
Changing Consumer Preferences towards Animal-based Products
Key Market Restraint -
Increasing Demand for Vegan Products
The key companies operating in the global animal-derived ingredients market are, DuPont de Nemours, Inc., Cargill Incorporated, Mazoon Dairy Company, Hatsun Agro Product Ltd., Gelita, Nitta Gelatin, NA Inc., Lactalis Ingredients, PLC Ingredients group, Koninklijke DSM N.V., and AMCO Proteins.
The global animal-derived ingredients market is segmented by type and application. The type segment is led by the casein and milk by-products due to the wide consumption of cheese, milk and other dairy-based products. Beeswax and honey segment is expected to witness traction in the upcoming years due to its varied food and non-food applications.
The food and beverage segment is accounted for holding the major share in the market due to their wide utilization in preparing candies, yogurts, gummies, chocolates and others. These ingredients enhance the taste as well as the nutritional properties in the processed foods. On the other hand, the cosmetics and personal care industry use animal-derived ingredients for formulating beauty products as they have anti-aging, antioxidant, and healing properties.
Asia Pacific is expected to hold the major share in the market due to its increase in per capita consumption of animal-derived ingredients. Further, according to a report by Food Innovation Australia limited (FIAL), countries such as China and India together will contribute 47% of the total global protein consumption by the year 2025; this is expected to further impact the regional market growth, positively.
Europe is anticipated to witness moderate growth in the upcoming years due to the presence of an established bakery and dairy industry. Further, the extensive utilization of animal-derived ingredients in pharmaceutical products coupled with the growing pharmaceutical industry has supported its regional market growth.
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