Market Size of animal protein Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 9.41 Billion |
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Market Size (2029) | USD 11.97 Billion |
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Largest Share by End User | Food and Beverages |
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CAGR (2024 - 2029) | 4.92 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Animal Protein Market Analysis
The Animal Protein Market size is estimated at 9.41 billion USD in 2024, and is expected to reach 11.97 billion USD by 2029, growing at a CAGR of 4.92% during the forecast period (2024-2029).
9.41 Billion
Market Size in 2024 (USD)
11.97 Billion
Market Size in 2029 (USD)
4.69 %
CAGR (2017-2023)
4.92 %
CAGR (2024-2029)
Largest Market by Product Type
24.64 %
value share, Whey Protein, 2023
Constant product developments, rising demand in beverage applications, and high nutrition profiles remained the major factors boosting whey protein demand in the country.
Largest Market by End User
68.54 %
value share, Food and Beverages, 2023
The F&B segment led the market owing to high demand recorded by bakery & beverage segments due to consumer inclination towards more healthy protein-based food and drinks.
Fastest Growing Market by Product Type
6.07 %
Projected CAGR, Collagen, 2024-2029
Collagen is anticipated to grow the fastest as more people become aware of its ability to improve digestion, build lean muscle mass, boost immunity, and treat joint pain.
Fastest Growing Market by End User
6.88 %
Projected CAGR, Personal Care and Cosmetics, 2024-2029
Rise in demand for natural ingredients and protein enriched skin, body and hair care products is driving the segment. Thus the segment is projected to attain fastest growth.
Leading Market Player
9.49 %
market share, Royal FrieslandCampina NV, 2021
The company manufactures almost all types of animal protein, which contributes to its market leading position as well as assisting manufacturers with changing customer demand.
Clean-label food and beauty products are largely making up the segmental growth in the market
- Food and beverage emerged as the largest animal protein end-user segment, mainly benefiting from the growing demand for high-end, premium food products. Claims such as organic, sustainable, and grass-fed are gaining popularity among consumers, leading manufacturers to roll out suitable offerings. In response, manufacturers such as Arla, Milk Specialties Global, and Kruger were seen expanding their clean-label animal protein production applicable to the food and beverage segment. The segment is also set to record a significant CAGR of 4.29%, by value, during the forecast period.
- Supplements is the second-largest segment, followed by animal feed, personal care, and cosmetics. Among supplements, the sports nutrition sub-segment led the market due to increasing fitness activities and consumers opting for supplements to aid their workout regimes. In 2022, sports nutrition held a 74.6% share of animal protein consumed by the supplements sector.
- In terms of growth, personal care and cosmetics outpaced other segments, recording a projected volume CAGR of 6.64% during the forecast period. The growing interest in protein-fortified personal care products is driving the segment's growth. For instance, 95% of US females look for specific ingredients in their skincare products, leaving immense scope for segmental growth with growing interest in products fortified with keratin.
- The growing acceptance and need for protein foods globally is one of the major factors driving the market. In 2021, about 75% of global consumers paid a higher price for protein-fortified food and beverages. In the same year, more than half of global consumers paid a 10% premium, and an additional 15% paid a 25% premium.
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Asia-Pacific and North America regions drive the demand with growing fitness enthusiasts in the market
- Asia-Pacific held the largest market share in 2022, led by China, which accounted for a market volume of 33.8%. The demand is driven by increasing active lifestyle users and their demand for high-protein diets. Food and beverage emerged as the largest segment in the market for applications and evolved predominantly as the most accepted form for the consumption of animal proteins by consumers in the region. Particularly in China, in 2021, about 80-85% of fitness enthusiasts chose high-protein foods, including protein powders and shakes, as a major source of energy and to strengthen muscles. In addition, besides occupying the largest share, with a value CAGR of 5.13%, the region is set to outpace the global growth rate during the forecast period.
- North America follows close behind, driven by high whey protein integration in the protein powder and snack bar categories. In 2022, whey protein accounted for about 47% of the overall animal protein demand in the region. Consumers in the region are becoming increasingly concerned about healthy eating and now prefer a whey protein-based diet. Moreover, the average protein content of whey protein is 40% higher than other animal protein types, such as milk protein, which is driving its applications in various end-user segments, such as the sports nutrition segment, in the region.
- However, the Middle East is the fastest-growing region and is projected to record a CAGR of 5.84%, by value, during the forecast period. The increasing preference for functional food and bakery sectors spiked the demand for dairy ingredients in countries like UAE and Saudi Arabia. Additionally, the strong demand is being augmented by continuous R&D in the UAE market, driven further by both local and foreign firms.
