Market Size of Italy Animal Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.47 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Italy Animal Protein Market Analysis
The Italy animal protein market was valued at USD 142.7 Million for the current year and is projected to register a CAGR of 4.47% over the next five years.
- Italy's animal protein is a growing market due to its increasing prevalence in many applications, such as clinical and sports nutrition, dairy products, bakery and confectioneries, and others, in the form of functional foods, beverages, and healthy aging. Health and wellness is the driving factor for increased dairy protein consumption. The sector witnessed accelerated growth during the COVID-19 pandemic, pointing to strong ties between dairy protein and a healthy diet. For instance, as per The Italian National Institute of Statistics, the import of whey powder increased by 26.16% from 2019-2022 in Italy.
- Additionally, consumers and sportspersons are looking for natural and less processed nutritional solutions with proven benefits. Many animal protein ingredient manufacturing companies are launching new nutritional solutions to support sports nutrition manufacturers. For instance, in December 2021, Lactalis Ingredients launched high protein concepts, targeting sports nutrition and healthy aging. The products are high-protein shakes and high-protein puddings, both of which contain a blend of two native protein sources: Pronativ native micellar casein and Pronativ native whey protein.
- Furthermore, rapid expansion in the bakery and confectionery industry owing to the increasing export demand along with high local consumption of chocolates and candies is anticipated to generate substantial demand for animal protein ingredients as these are largely used to enhance the structural properties of confectionery.
- However, the growing trend toward vegan diets and the incorporation of plant proteins in processed foods are the major factors driving the demand for plant protein ingredients, further restricting the growth of animal protein ingredients in the Italian market.
