The global functional animal protein market is projected to witness a healthy CAGR during the forecast period. The increased consumer consciousness towards health and growing awareness about the role of protein-rich foods in muscle building and weight management are the major forces driving the functional animal protein market. Moreover, the rising middle-class population, changing dietary patterns, and increased per capita spending on health supplements have also contributed to the growth of the market. However, the dependence of the functional animal protein market on the price fluctuations of distribution channel ingredients and end-user market dynamics acts as a major challenge.
By Application
On the basis of application, the global functional animal protein market is segmented into Dietary Supplements, food & beverages, pharmaceuticals, cosmetics, personal care, and Animal Feeds. The use of functional animal proteins in dietary supplements and the food and beverage market is growing rapidly to meet global nutritional deficiencies. Functional animal proteins also have a significant contribution to the healthcare sector for the production of insulin, gelatine, and other purposes.
By Distribution channel
By distribution channel, the global functional animal protein market is segmented as online and offline. The offline segment is expected to hold a significant share in the market owing to the high visibility of convenience stores and supermarkets as key selling channels in developing economies like China, India, and Brazil. Besides, the online channel is anticipated to grow at a substantial rate on account of the growing popularity of e-commerce around the globe.
By Geography
On the basis of geography, the global functional animal protein market is segmented into North America, Europe, the Middle East, and Africa, Asia-Pacific, and South America. North America is expected to grow at a significant rate during the forecast period due to increased consumer awareness and spending. Europe is likely to see a surge in the functional animal protein market owing to an increase in demand for beef and pork. An increasing number of gyms and fitness centers due to rising awareness among people in the Asia-pacific region will accelerate the growth of the market in this region.
Competitive Landscape
The global functional animal protein market is highly competitive owing to the presence of several multinational and local players. Market growth, the development of innovative solutions, increased consumer demand, and favorable government policies are some of the key factors attracting new players in the market and thereby enhancing competitive rivalry. The competitive landscape details products, strategies, and investments being made by key companies to boost their market share.
Some of the major players discussed in this report are Cargill Inc., Arla Foods, Maple Leaf Foods, Bovogen Biologicals Pty Ltd, and Cooke Inc., among others.
Recent development and expansion
The widespread COVID-19 virus hampered the development of numerous industries. However, the pandemic had a positive impact on the healthcare industry because people adopted healthier eating habits, which increased product demand. During the pandemic, rising awareness of the benefits of consuming dietary supplements and plant-based proteins aided market growth. Furthermore, these advantages increased consumer preference for the product in terms of health, wellness, and protein sustainability.
| Report Metric | Details |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2020 |
| Forecast Period | 2022–2027 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Form, Application, Distribution channel, And Geography |
| Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies Covered | Cargill Inc., Valley Proteins, Inc., Kerry Group, Gelita AG, Bovogen Biologicals Pty Ltd, Arla Foods, Amco Proteins, Cooke Inc, Tyson Food |
| Customization Scope | Free report customization with purchase |
Segmentation:
1. INTRODUCTION
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL FUNCTIONAL ANIMAL PROTEIN MARKET, BY FORM
5.1. Introduction
5.2. Dry
5.3. Liquid
6. GLOBAL FUNCTIONAL ANIMAL PROTEIN MARKET, BY APPLICATION
6.1. Introduction
6.2. Dietary Supplements
6.3. Food & Beverages
6.4. Pharmaceuticals
6.5. Cosmetics and Personal Care
6.6. Animal Feeds
7. GLOBAL FUNCTIONAL ANIMAL PROTEIN MARKET, BY BY DISTRIBUTION CHANNEL
7.1. Introduction
7.2. Online
7.3. Offline
8. GLOBAL FUNCTIONAL ANIMAL PROTEIN MARKET, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. France
8.4.3. United Kingdom
8.4.4. Spain
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Israel
8.5.2. Saudi Arabia
8.5.3. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. South Korea
8.6.4. India
8.6.5. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Cargill Inc.
10.2. Valley Proteins, Inc.
10.3. Kerry Group
10.4. Gelita AG
10.5. Bovogen Biologicals Pty Ltd
10.6. Arla Foods
10.7. Amco Proteins
10.8. Cooke Inc
10.9. Tyson Food
Cargill Inc.
Valley Proteins, Inc.
Kerry Group
Gelita AG
Bovogen Biologicals Pty Ltd
Arla Foods
Amco Proteins
Cooke Inc
Tyson Food
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