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What Is the Forecast for the Animal Derivatives Market Growth in 2025?

The market size of animal derivatives has seen robust growth in the past few years. It is projected to increase from $12.55 billion in 2024 to $13.3 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. The historic growth can be credited to its conventional use in the food industry, increasing global population, growing disposable income, along with cultural and dietary preferences, the nutritional value it offers and the demand for protein.

What Is the Forecast for the Animal Derivatives Market Size Through 2029?

The size of the market for animal derivatives is projected to experience significant expansion in the approaching years, rising to “$17.02 billion in 2029 with a CAGR of 6.4%. Factors contributing to this growth over the forecast timeframe include ongoing population increase, enhanced urbanization and westernization, a growing middle-class consumer base, emphasis on health and wellness, and diversification in product range. Key trends predicted during this period encompass the growth of plant-based substitutes, advancements in processing technologies, incorporation into functional foods, global regulatory changes, as well as the expansion of e-commerce and direct-to-customer models.

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What are the Key Market Players in Animal Derivatives Market and How They’re Evolving?

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 Primary Growth Drivers in the Animal Derivatives Market?

The rise in expenditure on pet food is projected to spur the expansion of the animal derivatives market. Commercially prepared food, specifically designed and produced for the dietary requirements and intake of domestic animals, typically constitutes pet food. Animal derivatives offer a rich source of proteins and other nutrients, making them a popular choice in pet food production. For example, data from March 2023 by the American Pet Products Association, a non-profit US industry association, disclosed a 16.2% rise in pet food expenditure in the US in 2022, reaching a staggering $58.1 billion, an increase from the previous year. Consequently, the spike in pet food spending is fueling the demand for animal derivatives.

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What Are the Leading Segments in the Global Animal Derivatives Industry?

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 Are the Key Market Trends in the Animal Derivatives Industry?

The growing trend of product innovations is increasingly becoming noticeable in the animal derivatives market. To maintain their foothold in the market, numerous major companies are launching innovative products like PureeX. For example, Protix, a manufacturer of ingredients for food supplements based in the Netherlands, unveiled its insect meat product, PureeX, in April 2023. This freshly sourced product from insects serves as a highly nutritious and appealing ingredient for pet foods. Along with its low carbon footprint, it boasts of elevated antioxidant levels and antimicrobial properties.

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What Is the Regional Outlook for 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

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This Report Delivers Insight On:

1. How big is the animal derivatives market, and how is it changing globally?

2. Who are the major companies in the animal derivatives market, and how are they performing?

3. What are the key opportunities and risks in the animal derivatives market right now?

4. Which products or customer segments are growing the most in the animal derivatives market?

5. What factors are helping or slowing down the growth of the animal derivatives market?

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