Functional Animal Protein Market Size, Share, Opportunities, And Trends By Form (Dry, Liquid), By Application (Dietary Supplements, Food & Beverages, Pharmaceuticals, Cosmetics And Personal Care, Animal Feeds), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2023 To 2028

The functional animal protein market is projected to witness a compound annual growth rate of 5.16% to grow to US$7.125 billion by 2028, from US$5.011 billion in 2021.

Animal proteins, such as casein, whey protein, gelatin, egg proteins, and fibroin, are extensively used in the food business to provide adequate protein intake. The increasing popularity of protein-centric diets has led to an increase in the demand for animal proteins in the food and beverage sector. Consumer preferences have changed considerably as a result of changing lives and rising disposable incomes, hence growing the demand for nutrient-rich foods. Based on application, the functional animal protein market is segmented into dietary supplements, food & beverage, pharmaceuticals, cosmetics and personal care and animal feeds. The dietary supplements segment held a considerable market share owing to factors like product launches of various supplements along with the growing awareness towards health and nutrition among individuals.

The rise in chronic diseases such as heart attacks and diabetes is expected to drive market growth.

According to the center for disease control and Prevention, in 2022, approximately 96% of Americans were suffering from prediabetes, which accounts for 38% of the adult US population. Consequently, this has prompted the audience toward adopting a healthier balanced diet. Hence, the millennial population is constantly adopting functional food products into their diets to complement their changing lifestyles, thereby increasing the demand for functional animal protein as well. Animal protein is also widely used in dietary supplements by pregnant women, the ageing population as well as sportspersons. The market is expected to see an increase in demand owing to the rising health awareness among people. This factor has driven a lot of people to apply for memberships to gyms and fitness studios, which is also likely to drive the sales of supplements, to aid nutritional growth. For example, according to data from the 2022 global report on the health and fitness industry by the International Health, Racquet and Sportsclub Association (IHRSA), more than one-fifth of Americans in 2021 had a membership to a health club or studio.

Key developments

As a result of growing demand, industry participants are continuing to spend to expand their distribution networks and product portfolios. To meet the growing demand, business measures such as mergers & acquisitions, the development of new products, joint ventures, and growth are being implemented. For example,

• In January 2023, ASF and Cargill announced an expansion of their collaboration, such as the addition of the United States (US) to their current feed enzymes development and distribution arrangement. The alliance is dedicated to delivering innovative enzyme-based products to the market, creating unique value for animal feed customers. Furthermore, the initiative has also been taken to provide high-performance enzyme options to US animal protein producers.
• Similarly, in May 2021, DSM launched SustellTM, an intelligent environmental solution. The plan was launched to reduce the environmental impact and increase the revenue of animal protein production. DSM is highlighting its dedication to its strategy project We Make It Possible with SustellTM.
• In December 2021, Pownut Healthcare launched its range of whey protein isolate supplements under the product line, BUILD UP to aid muscle-protein synthesis for people who hit the gym.
• Further, in September 2022, Essentia, which is a major player in the animal protein industry, announced that it would be launching a line of protein powder made from crickets under its Omni brand to expand on its offerings of protein-enriched supplements. The company announced that the global launch of the product was slated for January 2023. Thus, the development of such dietary supplements is expected to cater to the growing demand for these products owing to the growing health consciousness, which is expected to boost market growth considerably.

The North American functional animal protein market is expected to grow at a significant rate during the forecast period.

The functional animal protein market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific, based on geography. The growing shift towards protein-rich diets and increase in sports participation and physical activities are driving the demand for such protein in the United States.  For instance, according to the Sports & Fitness Industry Association, in 2021, the number of team sports participation stood at 68.3 million, representing a 1.8% increase over 67 million in 2020. Also, as per the same source team sports participation in gymnastics witnessed a 10.9% increase, whereas swimming saw an increase of 8%. Furthermore, to boost the sustainability of animal protein products, various initiatives are being implemented in the United States. For instance, in July 2021, the North American Meat Institute in collaboration with twelve organizations representing companies that produce America’s majority meat, dairy, poultry, and animal feed ingredients launched “Protein PACT” which aimed at continuous improvement and sustainable development of high-quality animal protein food products on which American rely on every day.

Functional Animal Protein Market Scope:

Market Segmentation:

• By Form
  • Dry
  • Liquid
• By Application
  • Dietary Supplements
  • Food & Beverages
  • Pharmaceuticals
  • Cosmetics and Personal Care
  • Animal Feeds
• By Distribution channel
  • Online
  • Offline
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Israel
    • Saudi Arabia
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Others