Animal Protein Ingredients Market Size, Share 2023

Report Overview:

• Proteins extracted from various sources have become a necessity in the food and pharmaceutical industry. There are various sources from which proteins are extractedplants, animals, eggs, and microbes. The animal protein ingredients include bone meal, blood meal, fish meal, feather meal, etc. They are usually derived from animal byproducts. The products like hydrolase collagen and fish oil are very much dependent on the animal protein ingredients market. The animals are a much richer source of proteins and hence, the animal protein ingredients market lever an advantage and growth over its parallel industry, that is, plant-based proteins.

Market Value:

• The global Animal Protein Ingredients market was valued at US$ 32.21 billion in 2022 and is projected to reach US$ 48.14 billion by 2029, at a CAGR of 6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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