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What Long-Term Growth Rate is Expected for the Animal Derivatives Market Between 2025 and 2034?

The market size for animal derivatives has seen significant growth in recent years. The market is predicted to increase from $12.55 billion in 2024 to $13.3 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.0%. The prior growth observed in this market can be credited to its conventional employment in the food industry, the global population’s expansion, augmenting disposable income, cultural and food preferences, nutritional value, and the demand for protein.

Rapid expansion is anticipated in the animal derivatives market over the forthcoming years, with expectations putting its value at “$17.02 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 6.4%. Such growth during the prediction period is primarily due to ongoing population increases, growing urban and western influences, enhancement of the middle-income consumer group, trends towards health and wellness, and product diversity. Key trends to note for the projected period incorporate the rise of plant-based alternatives, advancements in processing technologies, the incorporation into functional foods, global regulatory changes, and the growth of e-commerce alongside direct-to-consumer models.

How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the animal derivatives Market?

The augmented expenditure on pet foods is projected to drive the expansion of the animal derivatives market in the future. Pet food, which is commercially produced and especially designed for the dietary requirements of domesticated animals, frequently includes animal derivatives as a source of protein and other necessary nutrients. For example, the American Pet Products Association (APPA), a non-profit industry association based in the US, shared pet ownership and spending data in March 2023 indicating that the US saw a rise of 16.2% in pet food expenditure, reaching $58.1 billion in 2022 compared to the previous year. Consequently, the escalation in pet food spending fuels the demand for animal derivatives.

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What Are the Key Firms That Are Driving Transformation in the Animal Derivatives Market?

Major companies operating in the animal derivatives market include:

• ANZCO Foods Ltd._x000D_

• Rocky Mountain Biologicals Inc._x000D_

• Auckland BioSciences Ltd._x000D_

• LAMPIRE Biological Laboratories Inc._x000D_

• Proliant Biologics LLC_x000D_

What Current Trends in the Animal Derivatives Market Should Industry Players Pay Attention To?

The rise of product innovations is a leading trend emerging within the animal derivatives market. Significant market players are rolling out innovative products, like PureeX, as a strategy to keep their competitive edge. For example, Protix, a company based in the Netherlands that produces ingredients for dietary supplements, unveiled its PureeX insect meat in April 2023. This new product, sourced directly from insects, provides a nutritious and tasty addition to pet food. In addition to its nutritional value, it also boasts a low carbon footprint, elevated levels of antioxidants, and antimicrobial properties.

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How Are the Key Segments of the Animal Derivatives Market Impacting Its Expansion and Revenue Streams?

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

What Regions Are Driving Expansion in 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

How Is the Animal Derivatives Market Categorized and Defined in the Industry?

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.

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