Animal Protein Ingredients Market Overview
Animal Proteins are the extracts of protein derived from various sources like milk, meat & egg which find their application in various industries including food & beverages, animal husbandry and health & personal care. These proteins contain balanced amounts of all the amino acids hence considered as complete proteins.
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Rise in the consumer disposable income level along with increasing meat demand is expected to drive the animal protein ingredients market. Disease outbreaks such as bovine spongiform encephalopathy (BSE) have also contributed to the growth of the market. Rising awareness about the quality of meat is also expected to fuel the market growth during the forecast period. Increasing livestock production is further expected to drive the market. Animal proteins contain high fat content and excess intake of animal proteins can lead to heart diseases posing as a major restraint to market growth.
Animal Protein Ingredients Market Forecast Report (2018-2023)
Animal Protein Ingredients Market was worth USD xx billion in 2018 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2023.
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Animal Protein Ingredients Market Segmentation
The market for Animal Protein Ingredients is broadly categorized into form, type, application and functionality. By form the market is classified into isolate, concentrate and hydrolysate. By type the market is divided into egg protein, gelatine and dairy protein. Byapplication the market is classified into food and beverage, nutritional supplements and others. By functionality the market is segmented into emulsification, stabilizing, gelation and others. On the basis of geography, the market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Animal Protein Ingredients market was dominated by Europe followed by North America. Asia Pacific is expected to register the highest CAGR.
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Major Players:
The major companies dominating this market for its products and services are
- Cargill Inc.
- Dean Foods
- Omega Protein Corporation
- Gelita AG
- Tyson Foods Inc.
- Valley Proteins Inc.
- Arla Foods
- Protein Feeds
- ADM
- Darpro Solutions
- DuPont and DSM.
Key Developments in the Market
- January 2018: With the rapid rise in consumer demand for plant-based protein, PURIS, the largest North American producer of pea protein, and Cargill have signed a joint venture agreement to accelerate a new wave of great tasting, sustainable and label-friendly plant-based foods.
- November 2017: Arla Foods Ingredients is set to unveil a new range of high quality whey protein-based Complementary Feeding solutions that support babies and their parents during the gradual move to solid foods.
- October 2017: DuPont Nutrition & Health Debuts Plant-based, 90 Percent Protein Nuggets at Supply-Side West.
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