News in Animal Protein Ingredient Market: ADM partners with Neovia

Market-Research

Market overview

protein ingredients market size was at USD 49.8 Billion in 2019 and is expected to reach USD 70.7 Billion by 2025, owing to the rising demand for protein functionalities and consciousness about healthy diet & nutritional food.

Animal Proteins are derived from sources such as meat, milk and egg that provide different needs in the animal industry, food & beverages and health & personal care. These proteins consist of balanced amounts of all the amino acids, therefore, has measured as complete proteins.

Recent developments

  • In July 2018, Archer Daniels Midland Company acquired Neovia, which has 72 production services of animal nutrition solutions around 25 countries. Integrated participants, such as ADM and Cargill, lead the market. 

Market Drivers and Restrains

Fishmeal is a primary source of animal protein ingredients that promotes the development of the market. In addition, increasing potential for plant proteins performances as a chance for vendors in the market. 

Rising health awareness among buyers is likely to drive plant and dairy market as it assists in reducing the risk of cardiovascular and diabetes diseases. Popularity from food and beverages application is expected to register high growth due to increasing demand for baked products, dairy products and low-fat foods. 

Strict rules for animal proteins and the volatile cost of these products are hindering the market development.

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Report is segmented as

By Type

  • Egg Protein
  • Gelatin
  • Dairy Protein

By Application

  • Food and Beverage
  • Nutritional Supplements 
  • Others

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Geographical Segmentation:

Based on geography, the market is divided under many regions, namely North America, Middle East and Africa, Latin America, Asia-Pacific and Europe. North America and Europe are leading the Animal Protein Ingredient Market, and Asia-pacific is estimated to grow at the highest rate.

Key market players:

  • Dean Foods
  • Cargill Inc.
  • Gelita AG
  • Omega Protein Corporation
  • Valley Proteins Inc.
  • Tyson Foods Inc.
  • Protein Feeds
  • Arla Foods
  • ADM
  • DuPont and DSM
  • Novozymes
  • Bovogen biologicals Pty. Ltd.
  • Sonac
  • BHJ A/S

Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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