Categories: Market Research

Global Animal Derivatives Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Animal derivatives refer to substances or products that are derived from animals. Animal derivatives are used in various industries and products as a source of nutrients.

Sizing and Forecast

The animal derivatives market size has grown strongly in recent years. It will grow from $11.85 billion in 2023 to $12.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to traditional use in food industry, growing global population, rising disposable income, cultural and dietary preferences, nutritional content and protein demand..

The animal derivatives market size is expected to see strong growth in the next few years. It will grow to $16.04 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to continued population growth, rising urbanization and westernization, expanding middle-class consumers, shift towards health and wellness, diversification in product offerings.. Major trends in the forecast period include expansion of plant-based alternatives, innovation in processing technologies, integration in functional foods, global regulatory developments, growth of e-commerce and direct-to-consumer models..

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Segmentation & Regional Insights

The animal derivatives market covered in this report is segmented –

1) By Type: Immunoglobulin, Serum Albumin, Fibrinogen, Other Types
2) By Animal Type: Ovine, Bovine
3) By Application: Food And Beverages, Pharmaceutical Industry, Cosmetic Industry, Pet Food Industry, Others Applications

North America was the largest region in the animal derivatives market in 2023. The regions covered in the animal derivatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The increased spending on pet foods is expected to propel the growth of the animal derivatives market going forward. Pet food is commercially prepared food specifically formulated and manufactured for domesticated animals’ dietary needs and consumption. Animal derivatives are commonly used in pet foods as a source of proteins and other nutrients. For instance, in March 2023, according to the pet ownership and spending data released by the American Pet Products Association (APPA), a US-based non-profit industry association, spending on pet foods in the US increased by 16.2% in 2022 to reach $58.1 billion as compared to 2021. Therefore, the increased spending on pet foods drives animal derivatives.

Key Industry Players

Major companies operating in the animal derivatives market report are ANZCO Foods Ltd., Rocky Mountain Biologicals Inc., Auckland BioSciences Ltd., LAMPIRE Biological Laboratories Inc., Proliant Biologics LLC, Sigma-Aldrich Co., Thermo Fisher Scientific Inc., Kedrion Biopharma Inc., LFB S.A, Octapharma AG, Takeda Pharmaceuticals Company, Sanofi S.A., Grifols S.A., Bayer AG, Commonwealth Serum Laboratories, Fusion Health Care Pvt. Ltd., Nippi Inc., Tessenderlo Group, Kewpie Corporation, Pure Ingredients, Ewald-Gelatine GmbH, Kerry Group, Darling International Inc., Gelken Gelatin Co. Ltd., Foodmate Co. Ltd., Weishardt Group, Trobas Gelatine BV, Nitta Gelatin Ltd., Gelita AG, Kraeber & Co. GmbH

The animal derivatives market report table of contents includes:

1. Executive Summary

2. Animal Derivatives Market Characteristics

3. Animal Derivatives Market Trends And Strategies

4. Animal Derivatives Market – Macro Economic Scenario

5. Global Animal Derivatives Market Size and Growth

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31. Global Animal Derivatives Market Competitive Benchmarking

32. Global Animal Derivatives Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Animal Derivatives Market

34. Animal Derivatives Market Future Outlook and Potential Analysis

35. Appendix