The animal derivatives market is expected to record a CAGR of 5.5% during the forecast period 2022-2032, up from US$ 9.47 Billion in the year 2022 to reach a valuation of US$ 16.18 Billion by 2032.
| Report Attributes | Details |
| CAGR | 5.5% |
| Value (2022) | US$ 9.47 Billion |
| Value (2032) | US$ 16.18 Billion |
The animal derivatives market is anticipated to show promising growth prospects in the forecasted period 2022-2032.
The ingredients in animal derivatives are high in protein, contain essential amino acids, minerals, vitamins, and healthy fats, and provide high nutritional value. This value addition of animal derivatives to the final product of animal feed fuels its demand in the animal feed industry and will continue to drive its market in the forecasted period.
It is also found that plasma proteins, a kind of animal derivative, are enzymatically treated to obtain hydrolysates. That consists of amino acids and small peptides, which are more easily digested and absorbed by the body.
Along with that, it also shows inhibition of angiotensin-converting enzyme activity, antioxidant properties, attenuation, and other functional properties, which generate more potential for it to utilize in the supplement, nutraceuticals, or food additives industry.
This above-mentioned factor of plasma protein aids in driving the market growth of the animal derivatives industry in the coming years. Animal derivatives are generally sourced from undesirable parts of the animal’s body, and some parts may suffer from tumour infection that causes harm to the pet’s health.
Therefore, this infection of pets restricts the growth of animal derivatives in the food ingredient market. Hence, it can be overcome by avoiding the infected animal from being taken in the production of animal derivatives.
The utilization of animal derivatives in the health supplements industry and increasing trends of health supplements among youngsters, gym freaks and health-conscious people directly impact the demand for animal derivatives in health supplements and generate the opportunity for manufacturers to serve the large market segment of the consumers.
The market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate the global animal derivatives market in terms of revenue. As a result of the increased demand from food and beverage players in this region, the region is projected to account for a significant share of the market.
During the forecast period, Latin America is projected to be the fastest-growing market for animal derivatives. Increasing revenues in the global animal derivatives market are projected to stem from Europe. A forecast period of five years results in the Asia Pacific being the second-fastest-growing market for animal derivatives. During the forecast period, it is expected that the Middle East & Africa will grow moderately.
The growing cell culture media industry all around the globe in conventional research or in the development of numerous therapeutics and biomolecules will result in opportunities generated for animal derivative manufacturers in the coming years.
Also, growing product innovation and product development in the animal derivatives industry generate opportunities for manufacturers to innovate new products and serve different industries at the global level.
The global animal derivatives market has numerous small-scale and international manufacturers at the regional level. A few industry players are identified across the value chain of the global animal derivatives market, which are Kraeber& Co GmbH, Sigma-Aldrich Co., ANZCO Foods Ltd., Lake Immunogenics Inc., Proliant Inc., Rocky Mountain BiologicalsInc, Auckland BioSciences Ltd, BovogenBiologicals Pty Ltd., LAMPIRE Biological Laboratories Inc., and Proliant Inc.
| Report Attribute | Details |
| Growth rate | CAGR of 5.5% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 - 2021 |
| Forecast period | 2022 - 2032 |
| Quantitative units | Revenue in US$ million/billion and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Application, Product Type, & Region |
| Regional scope | North America (U.S., Canada); Latin America (Mexico, Brazil); Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg); Eastern Europe (Poland and Russia); Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand); Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa) |
| Country scope | U.S., Canada, Mexico, Brazil, Germany, U.K., France, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg Poland and Russia, China, India, Japan, ASEAN, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
| Key companies profiled | Kraeber& Co GmbH, Sigma-Aldrich Co., ANZCO Foods Ltd., Lake Immunogenics Inc., Proliant Inc., Rocky Mountain BiologicalsInc, Auckland BioSciences Ltd, BovogenBiologicals Pty Ltd., LAMPIRE Biological Laboratories Inc., Proliant Inc. |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
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The animal derivatives market is expected to record a CAGR of 5.5% during the forecast period 2022-2032, up from US$ 9.47 Billion in the year 2022 to reach a valuation of US$ 16.18 Billion by 2032.
Key players holding substantial market share are Kraeber& Co GmbH, Sigma-Aldrich Co., ANZCO Foods Ltd., Lake Immunogenics Inc., Proliant Inc., Rocky Mountain BiologicalsInc, Auckland BioSciences Ltd, BovogenBiologicals Pty Ltd., LAMPIRE Biological Laboratories Inc., and Proliant Inc.
As per the analysis, the animal derivatives market share is likely to be US$ 16.18 Billion by 2032.
The functional property of animal derivative products led to generate its high demand in different industries and help drive its market growth in the forecasted period.
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