Animal Protein Market Research Report By Type (Meat, Poultry, Fish, Eggs, Dairy), By Production Method (Conventional, Organic, Pasture-Raised, Plant-Based), By Channel (Retail, Foodservice, Industrial), By Application (Human Food, Pet Food, Animal Feed), By Packaging (Fresh, Frozen, Canned, Processed) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032.

Animal Protein Market Overview

Animal Protein Market Size was estimated at 124.62 (USD Billion) in 2022. The Animal Protein Market Industry is expected to grow from 129.02(USD Billion) in 2023 to 176.19 (USD Billion) by 2032. The Animal Protein Market CAGR (growth rate) is expected to be around 3.53% during the forecast period (2024 - 2032).

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Key Animal Protein Market Trends Highlighted

The animal protein market at the level is quite aggressive, with both prospects and limitations for every participant involved. Major forces pushing the growth of the market include elevated requirements for protein diets, population growth, and increasing recognition of the health benefits that are associated with the use of animal protein.

Current trends in market development involve the rise of plant protein due to the issues of animal welfare and sustainability. On the contrary, there is still a persistent appetite for animal protein in most developing countries that would like to upgrade their levels of nutrition.

The growth prospects in the animal protein market are in the provision of alternative protein sources such as insects, seaweed, and algae, which are cheap and environmentally friendly. Further, improved dispersion of new technologies in animal husbandry and breeding will contribute considerably to making the sector more productive and efficient.

Animal Protein Market Drivers

Rising Health Consciousness and Focus on Protein-Rich Diets

Consumers are increasingly becoming aware of the importance of leading a healthy lifestyle, which includes consuming a balanced diet rich in protein. Animal protein is a valuable source of essential amino acids, which are required for various bodily functions such as muscle growth, repair, and maintenance. The growing demand for protein-packed food products is expected to drive the growth of the Animal Protein Market Industry. Furthermore, the increasing popularity of high-protein diets, such as the ketogenic and paleo diets, is further contributing to the market growth.

These diets emphasize the consumption of animal-based protein sources, leading to a surge in demand for animal protein products.

Expanding Population and Urbanization

With the population expected to reach 8 billion by 2023, growth will continue into the future as well. Urbanization, which is occurring rapidly, is expected to place more pressure on food production systems. For humans, animal protein is an essential component, providing necessary nutrients and energy. Further, with the expansion of the human population and increasing urbanization, the propensity to consume animal protein is likely to increase, enabling the Animal Protein Market Industry to grow.

Technological Advancements in Animal Production

Some of the current developments that can be regarded as drivers for the growth of the Animal Protein Market Industry include technological advancements in animal production. Developments in this area, specifically in terms of breeding, nutrition, and the management of incidents of disease, increase the health levels of animals and their productivity. In fact, farmers can now raise as much animal protein and even more using considerably fewer resources, and the efficiency and profitability of production have grown as a result.

Technologies used for food processing and packaging have also improved the quality of food and its shelf life.

Animal Protein Market Segment Insights

Animal Protein Market Type Insights

Type Segment Insights and Overview The animal protein market is segmented by type into meat, poultry, fish, eggs, and dairy. Among these, the meat segment held the largest market share in 2023, with a valuation of around 68.45 billion U.S. dollars. This dominance is attributed to the high consumption of red meat, particularly beef and pork, in various regions worldwide. Poultry is another significant segment, driven by the growing demand for chicken and turkey due to their affordability and health benefits. The fish segment is also expected to witness substantial growth, owing to rising awareness about the nutritional advantages of seafood.

Eggs and dairy products contribute to the market growth due to their essential role in daily diets and the increasing demand for protein-rich food options. The growth of the animal protein market is influenced by factors such as rising population, urbanization, and changing dietary patterns. Consumers are becoming increasingly health-conscious and seeking protein-rich foods to meet their nutritional needs. The market is expected to continue expanding in the coming years, with a projected valuation of approximately 176.19 billion U.S.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Animal Protein Market Production Method Insights

The Animal Protein Market is segmented by production method into conventional, organic, pasture-raised, and plant-based. The conventional segment accounted for the largest share of the market in 2023, and it is expected to continue to dominate the market over the forecast period. The organic segment is expected to grow at the highest CAGR over the forecast period. The pasture-raised segment is expected to grow at a moderate CAGR over the forecast period. The plant-based segment is expected to grow at the fastest CAGR over the forecast period.

In 2023, the Animal Protein Market was valued at 129.02 billion USD. The market is expected to grow to 176.19 billion USD by 2032, exhibiting a CAGR of 3.53%. The growth of the market is attributed to the increasing demand for animal protein from emerging markets, such as China and India. The rising awareness of the health benefits of animal protein is also driving the growth of the market.

Animal Protein Market Channel Insights

The Animal Protein Market segmentation by Channel can be divided into Retail, Foodservice, and Industrial. The Retail segment held the largest market share in 2023, accounting for approximately 58.5% of the Animal Protein Market revenue. The growth of this segment can be attributed to the increasing demand for convenience and ready-to-eat products, as well as the growing popularity of online grocery shopping. The Foodservice segment is expected to witness a significant growth rate during the forecast period, owing to the rising consumer spending on dining out and the expansion of the foodservice industry.

The Industrial segment, which includes manufacturers of pet food, animal feed, and other industrial applications, is also expected to contribute to the growth of the Animal Protein Market.

Animal Protein Market Application Insights

The Animal Protein Market segmentation by Application into Human Food, Pet Food, and Animal Feed offers valuable insights into market dynamics and growth potential. As of 2023, the Human Food segment dominates the market, accounting for approximately 65.1% of the revenue. This dominance is attributed to the rising demand for animal-based protein sources due to population growth, increased urbanization, and changing dietary patterns. The Pet Food segment is projected to witness significant growth over the forecast period, driven by the growing popularity of companion animals and premiumization of pet food products.

The Animal Feed segment is also expected to grow steadily, supported by the increasing livestock population and the need for high-quality feed to enhance animal productivity.

Animal Protein Market Packaging Insights

The Animal Protein Market segmentation by Packaging includes Fresh, Frozen, Canned, and Processed. The Fresh segment held the largest market share in 2023, accounting for over 35% of the market. It is estimated to continue to dominate the market over the forecast period, owing to the increasing demand for fresh meat and poultry products. The Frozen segment is expected to witness significant growth over the forecast period, primarily due to the growing popularity of frozen foods and the convenience they offer. The Canned segment is expected to grow steadily over the forecast period, driven by the increasing demand for canned fish and seafood products.

The Processed segment is expected to experience moderate growth over the forecast period, due to the increasing trend towards processed meat and poultry products.

Animal Protein Market Regional Insights

The regional segmentation of the Animal Protein Market provides insights into the market's geographic distribution and performance. North America held the largest market share in 2023, accounting for over 38.5% of the revenue. The region's dominance is attributed to factors such as rising disposable income, increasing health consciousness, and well-established meat and poultry industries. Europe follows North America with a significant market share, driven by growing demand for protein-rich diets and increasing consumption of dairy products.

The Asia-Pacific (APAC) region is projected to witness the highest growth rate during the forecast period, owing to surging demand for animal protein in countries like China and India. South America and the Middle East and Africa (MEA) are expected to contribute moderately to the overall market growth, with increasing urbanization and changing dietary patterns.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Animal Protein Market Key Players And Competitive Insights

Major players in the Animal Protein Market are continuously striving to gain a competitive advantage by investing in research and development to create innovative products and solutions. These efforts are aimed at addressing the evolving needs of consumers and staying ahead of the competition. The Animal Protein Market is expected to witness the entry of new players, both large and small, as the industry continues to grow. Leading Animal Protein Market players are adopting strategies such as mergers and acquisitions to expand their geographic reach and product portfolios. The industry is also seeing a rise in partnerships and collaborations among players to share resources and leverage expertise.

Tyson Foods is a leader in the animal protein market, offering a wide range of products, including chicken, beef, pork, and prepared foods. The company has a strong presence in the United States and international markets. Tyson Foods is focused on innovation and sustainability and is investing in new technologies to improve its operations and reduce its environmental footprint. The company has a strong brand reputation and is well-positioned to continue its growth in the Animal Protein Market.

Cargill is another leading player in the Animal Protein Market. The company has a presence with operations in over 70 countries. Cargill is a major supplier of animal feed and ingredients and also has a significant presence in the meat processing and distribution industry. The company is focused on providing sustainable and innovative solutions to its customers and is investing in research and development to improve its products and processes. Cargill is well-positioned to continue its growth in the Animal Protein Market.

Key Companies in the Animal Protein Market Include

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  Smithfield Foods

  
  


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  Biomin Holding

  
  


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  JBS

  
  


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  ADM

  
  


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  BASF

  
  


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  Tyson Foods

  
  


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  BRF

  
  


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  Archer Daniels Midland

  
  


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  Hormel Foods

  
  


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  DSM

  
  


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  The WH Group

  
  


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  Danish Crown

  
  


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  Alltech

  
  


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  Bayer

  
  


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  Cargill

  
  

Animal Protein Market Industry Developments

The animal protein market is projected to reach USD 176.19 billion by 2032, exhibiting a CAGR of 3.53% during the forecast period. Rising consumer demand for high-quality protein sources, coupled with increasing awareness regarding the health benefits of animal protein, is primarily driving market growth. The market is further fueled by the growing population and urbanization, leading to increased meat consumption.

Recent news developments and current affairs in the animal protein market include

 Strategic partnerships and acquisitions Major players in the industry are forming strategic partnerships and acquiring smaller companies to expand their product portfolio and geographical reach. For instance, in 2023, Tyson Foods acquired BRF's European operations, strengthening its presence in the European market.

 Plant-based protein alternatives The rising popularity of plant-based protein alternatives is creating challenges for the animal protein industry. However, some companies are investing in developing hybrid products that combine animal and plant-based proteins to cater to the evolving consumer preferences.

 Sustainability concerns Consumers are becoming increasingly concerned about the environmental impact of animal agriculture. This is mendorong the adoption of sustainable practices by market players, such as reducing greenhouse gas emissions and improving animal welfare.

 Technological advancements Advancements in biotechnology and precision farming are transforming the animal protein industry. These technologies enable producers to improve animal health, optimize feed efficiency, and reduce production costs.

Animal Protein Market Segmentation Insights

Animal Protein Market Type Outlook

Meat

Poultry

Fish

Eggs

Dairy

Animal Protein Market Production Method Outlook

Conventional

Organic

Pasture-Raised

Plant-Based

Animal Protein Market Channel Outlook

Retail

Foodservice

Industrial

Animal Protein Market Application Outlook

Human Food

Pet Food

Animal Feed

Animal Protein Market Packaging Outlook

Fresh

Frozen

Canned

Processed

Animal Protein Market Regional Outlook

North America

Europe

South America

Asia Pacific

Middle East and Africa