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How has the animal derivatives market size evolved in recent years?

In recent years, there has been a significant increase in the size of the animal derivatives market. The market is projected to expand from $12.55 billion in 2024 to $13.3 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. The historical growth can be linked to its traditional usage in the food industry, an increasing global population, a rise in disposable income, cultural and dietary habits, along with nutritional value and protein requirements.

What are the predictions for the animal derivatives market size in the coming years?

Over the next few years, the market size for animal derivatives is anticipated to experience significant growth. It is projected to escalate to a value of “$17.02 billion by 2029, fueled by a compound annual growth rate (CAGR) of 6.4%. Factors contributing to this growth throughout the forecast period include ongoing population increase, the rise in urban living and westernization, an expanding middle class demographic, a shift towards health and wellness, as well as diversification in product range. Notable trends during this forecast period will be the growth of plant-based alternate options, innovation in processing methods, assimilation in functional foods, developments in worldwide regulatory measures, and the rise of e-commerce and direct-to-consumer sales models.

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What key factors are fueling the growth of the animal derivatives market?

The animal derivatives market is anticipated to expand due to the rise in expenditure on pet foods. These specially formulated and commercially produced foods cater to the dietary requirements of domesticated animals. Commonly, animal derivatives like proteins and other nutrients are key components in pet foods. The American Pet Products Association (APPA), a non-profit industrial association from the US, revealed in March 2023 that US pet food spending rose by 16.2% in 2022, hitting $58.1 billion, demonstrating a significant increase from 2021. Consequently, this surge in pet food expenditure fuels the animal derivatives market.

How is the global animal derivatives market divided into key segments?

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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Who are the key firms paving the way for growth 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

Which trends are expected to transform the animal derivatives market?

One of the prevailing trends gaining traction in the animal derivatives marketplace is the introduction of innovative products. Leading corporations within this market are bringing forward unique products such as PureeX to maintain their market standing. For example, in April 2023, Protix, a manufacturer of ingredients for food supplements based in the Netherlands, unveiled their PureeX insect meat. This newly introduced product is derived directly from insects and provides a highly nutritious and delectable ingredient for pet food. Along with its appealing traits, it carries a low carbon footprint, high levels of antioxidants, and antimicrobial properties.

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What regions are contributing significantly to the growth of 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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