The Animal Protein Ingredients Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Animal Protein Ingredients Market is estimated to be USD XX million in 2018 and predicted to rise to USD xx billion by 2023 with a CAGR of xx%. The market is segmented by form (isolate, concentrate and hydrolysate) , by type ( egg protein, gelatin and dairy protein) , by application ( food and beverage, nutritional supplements and others), by functionality (emulsification, stabilizing, gelation and others) . Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Rise in the consumer disposable income level along with increasing meat demand is expected to drive the animal feed protein ingredients market. Disease outbreaks such as bovine spongiform encephalopathy (BSE) have also contributed to the growth of the market. Rising awareness about the quality of meat is also expected to fuel the market growth during the forecast period. Increasing livestock production is further expected to drive the market. Animal proteins contain high fat content and excess intake of animal proteins can lead to heart diseases posing as a major restraint to market growth.
The market for Animal Protein Ingredients is broadly categorized into form, type, application and functionality. By form the market is classified into isolate, concentrate and hydrolysate. By type the market is divided into egg protein, gelatin and dairy protein. By application the market is classified into food and beverage, nutritional supplements and others. By functionality the market is segmented into emulsification, stabilizing, gelation and others.
On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Animal Protein Ingredients market was dominated by Europe followed by North America. Asia Pacific is expected to register the highest CAGR.