Market Size of France Animal Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.07 % |
| Fastest Growing Market | Food and Beverages |
| Largest Market | Food and Beverages |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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France Animal Protein Market Analysis
France's animal protein market was valued at USD 154.1 million for the current year and is projected to register a CAGR of 4.07% over the next five years.
- The growing awareness of protein ingredients has contributed to an increase in the demand for animal protein in various end-use segments such as food and beverages, dietary supplements, nutraceuticals, cosmetics & personal care, and others. In addition, protein ingredients like gelatin are often used as a gelling ingredient in various cosmetics products, including body lotions, face creams, sunscreens, moisturizers, and several other products.
- Key players engaged in the manufacturing of gelatin strive to cater to wider applications through their product offerings. For instance, in January 2021, Rousselot, a subsidiary of Darling Ingredients, introduced Peptan wild-caught marine-based collagen peptide at the Virtual Beauty & Skincare Formulation Conference 2021. The product is ideal for application in the nutrigenetics and dietary supplement sectors.
- Furthermore, dairy products, such as cheese, butter, and yogurt, are highly consumed by consumers. Meanwhile, dairy protein ingredients are used as key ingredients in the dairy industry. For instance, dairy protein concentrates are added to yogurt as a functional ingredient. Thus, the addition of dairy protein concentrates to yogurt milk will enhance the gel stability of the product. Hence, the demand for dairy ingredients is increasing from dairy products across the country.
- For instance, according to Eurostat, in 2021, France accounted for the second largest share in yogurt production in Europe with almost 18% share. This increased consumption and production positively impacts the growth of dairy ingredients across the country.
- However, veganism has grown in popularity and practice in recent years, with an increasing number of people adopting a vegan lifestyle daily. This trend is most likely reflected in the increasing number of vegan restaurants and the availability of vegan products in French supermarkets.
- Due to an increasing trend of a vegan diet, many people are switching to plant-based proteins and products, which might hamper the potential market growth for animal-based protein in the country.
