How Has the Animal Derivatives Market Size Evolved in Recent Years?
The animal derivatives market has seen considerable growth due to a variety of factors.
•In the past few years, the animal derivatives market size has witnessed significant growth. The market, which was valued at $12.55 billion in 2024, is projected to reach $13.3 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.0%.
The exponential growth during the historic period is due to several factors, such as its traditional use in the food industry, increase in global population, improved disposable income, cultural and dietary choices, the nutritional value it offers, and more demand for proteins.
What are the Market Size and Expected Growth Rates for the Animal Derivatives Market?
The animal derivatives market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the animal derivatives market, with substantial growth forecasted over the next few years. It is predicted to expand to "$17.02 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 6.4%.
This anticipated increase during the forecast period is due to the ongoing growth in population, increasing urbanization and westernization, a swell in middle-class consumers, a shift towards a focus on health and wellness, and a diversity in product offerings. Key trends expected within this forecast period involve the emergence of plant-based alternatives, advances in processing technologies, integration in functional foods, global regulatory developments, and the expansion of e-commerce and direct-to-consumer models.
Which Key Drivers Are Propelling The Animal Derivatives Market's Growth?
The growth trajectory of the animal derivatives market is anticipated to be fueled by increased expenditures on pet food. Pet food, which is a commercially crafted food exclusively intended and produced for the dietary needs of domestic animals, typically incorporates animal derivatives as a primary source of proteins and diverse nutrients. In March 2023, the American Pet Products Association (APPA), a non-profit industry organization based in the US, released statistics indicating a 16.2% increase in US pet food spending in 2022 over the previous year, peaking at $58.1 billion. Hence, the surge in pet food spending is a significant driver of the animal derivatives market.
What Are The Key Segments Within The Global Animal Derivatives Market?
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
Subsegments:
1) By Immunoglobulin: IgG (Immunoglobulin G), IgM (Immunoglobulin M), IgA (Immunoglobulin A)
2) By Serum Albumin: Bovine Serum Albumin (BSA), Porcine Serum Albumin, Equine Serum Albumin
3) By Fibrinogen: Bovine Fibrinogen, Porcine Fibrinogen
4) By Other Types: Growth Factors, Cytokines, Enzymes
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How Are New Trends Impacting The Size Of The Animal Derivatives Market?
In the animal derivatives market, a noteworthy trend on the rise is product innovation. To maintain their market standing, prominent companies are unveiling novel products like PureeX. For example, Protix, a Dutch company specializing in the production of ingredients for dietary supplements, debuted their insect meat product, PureeX, in April 2023. This fresh product, derived from insects, presents a highly nutritious and palatable addition to pet foods. Furthermore, it boasts a minimal carbon footprint as well as high antioxidant properties and antimicrobial activity.
Who Are the Key Players in the Animal Derivatives Market?
Major companies operating in the animal derivatives market include:
• 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
What are the Regional Insights into the Animal Derivatives Market?
North America was the largest region in the animal derivatives market in 2024. The regions covered in the animal derivatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
