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The growing popularity of protein-centric diets has contributed to the rising demand for animal proteins in food and beverage industry. Evolving lifestyles and increasing disposable incomes have significantly shifted consumer choices, increasing the demand for nutrient-enriched foods. The increasing awareness of the health benefits of animal protein in diets fuels their demand among consumers. The growing consumer interest in functional food & beverages enriched with proteins is expected to propel the market growth in foreseeable years.
Animal protein is widely used in dietary supplements and nutraceuticals. The growing demand for protein supplements among pregnant women, aging population and sportspeople fuels the growth of the market. The increasing demand for protein-rich infant foods has considerably improved the demand for animal protein for infant food processing. Pet food industry is flourishing across the globe, which is expected to increase the demand for animal protein across per food manufacturing industry. The rising popularity of sports supplements among fitness enthusiasts is expected to further fuel the market growth in upcoming years.
The rising demand for protein-rich dietary supplements is expected to propel the animal protein market growth during the forecast period. The evolving consumer lifestyle has contributed to the shift in dietary preferences to fuel the demand for healthful foods. Animal proteins are extensively used in the preparation of various functional food and beverages to increase the nutritional benefits of products. The growing demand for protein-centric supplements among fitness enthusiasts has contributed to the rising demand for animal proteins for the production of sports supplements. The increasing popularity of protein-rich diets for weight management and overall maintenance of health & wellness is expected to drive the market growth in foreseeable years.
Key Market Driver -
Increasing Demand for Protein-rich Dietary Supplements & Functional Foods
Key Market Restraint -
Rising Popularity of Plant-based Proteins
The rising trend of veganism is expected to reduce the demand for animal proteins such as meat & dairy proteins. Plant proteins are also perceived to be healthier and safer by consumers. The increasing animal welfare concern among consumers and the growing demand for plant-based protein ingredients is expected to impede the growth of the animal protein ingredients market.
Lactalis Ingredients, Arla Foods Ingredients Group P/S, Fonterra Co-operative Group, Kerry, Inc., Novozymes A/S, Kemin Industries, Inc., BRF S.A., Cargill, Inc., Essentia Protein Solutions, and GELITA are the key players operating in the global animal proteins market.
Dairy proteins are expected to witness robust growth owing to the increased demand for animal protein among fitness enthusiasts and sportspeople. Dairy proteins are also extensively utilized in infant formula. Dairy based-functional food & beverages are gaining popularity among consumers owing to their probiotic and other nutritional benefits.
The powdered animal protein segment holds the prominent market share and is expected to continue growing in the upcoming years. The higher shelf-life of the powdered animal protein is projected to contribute in increasing the sales of the product. Easy mixing properties and portability of the product are expected to propel the demand for powdered animal protein.
Animal protein is extensively used in the preparation of protein-rich dietary supplements. The rising demand for protein-centric dietary supplements among fitness enthusiasts is expected to propel the market growth. The key players operating in the market are embarking on new product launches to strengthen their product portfolio. Dietary supplements and nutraceuticals are gaining importance among elderly consumers and children. Investments by manufacturers to develop novel functional foods and beverages are anticipated to propel the market growth in foreseeable years.
North America is anticipated to hold a significant market share in the global animal protein market owing to its well-established food sector and the availability of advanced technologies for the processing and production of protein ingredients. The rising popularity of protein-centric diets among consumers is expected to increase the demand for animal protein to fulfill the RDA of protein consumption. Europe is projected to witness strong growth due to the rising demand for functional food & beverages in the region. The increasing consumer demand for protein-rich foods is expected to positively affect the growth of the market. Animal proteins are also extensively used in a range of processed foods to improve their flavor, texture & stability.
Asia Pacific is expected to witness robust growth owing to the increasing demand for dietary supplements among pregnant women and the aging population. The growing popularity of protein-rich sports supplements is expected to fuel market growth in the region. The promotions and marketing by fitness centres have resulted in the increased acceptance of protein ingredients from the general community. The higher cost of these ingredients can negatively affect their sales in developing economies of Asia Pacific.
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