Animal Placental Protein Market Estimated To Witness High Growth Owing To Rising Health Consciousness
The Animal Placental Protein market comprises various placental protein supplements derived from animal sources such as cow, sheep, horse, and others. Placental proteins are known for their high nutritional value and ability to stimulate protein synthesis and cell regeneration in the human body. Growing awareness about the health benefits of placental proteins is expected to drive the growth of the Animal Placental Protein market over the forecast period.
The global Animal Placental Protein Market is estimated to be valued at US$ 551.9 Mn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
The animal placental protein market consists of various nutritional supplements and cosmetic products that incorporate placental proteins extracted from livestock animals. These proteins are high in growth factors, amino acids, vitamins, and minerals that aid tissue repair and boost collagen production in the skin. They find wide application in the nutraceuticals, cosmeceuticals, pharmaceuticals, and food & beverage industries. Key end uses include anti-aging cream, nutritional supplements, and meat processing.
Market Dynamics
Rising health consciousness and growing demand for premium anti-aging skincare products are expected to drive the Animal Placental Protein market growth over the forecast period. Placental proteins promote collagen synthesis, aid cell regeneration, and reduce signs of aging due to their high concentration of nutrients and growth factors. Growing awareness about these anti-aging benefits is fueling the demand for placental protein supplements globally. Additionally, rapid expansion of end-use industries such as nutraceuticals, cosmeceuticals and food processing is also expected to propel market growth.
The easy availability and low cost of obtaining placental proteins from livestock industry waste is another major factor contributing to the market growth. However, strict regulations regarding the sourcing and processing of placental tissues pose a challenge for market players. High entry barriers and intense competition in the premium skincare and dietary supplement space can also negatively impact market dynamism over the forecast period. Sustained R&D towards developing advanced extraction technologies and new product formulations is expected
SWOT Analysis
Strength: The animal placental protein is a rich source of various nutrients like vitamins, minerals, amino acids and growth factors which boosts immunity and enhances development. It also supports various metabolic functions. Moreover, it is easily available and relatively inexpensive.
Weakness: Many individuals feel uncomfortable consuming animal origins products which limits its mass adoption. Also, its shelf life is quite less due to microbial contamination risks.
Opportunity: Rising awareness about the nutritional benefits of placental proteins is generating higher demand for supplements. Growing vegan population increases scope for developing plant-based alternatives as well. Moreover, expanding sports nutrition and baby food industries present lucrative growth opportunities.
Threats: Stringent regulations associated with animal by-products processing may add compliance challenges. Environmental concerns related to livestock farming also act as a threat. Emergence of alternative proteins from plant or other sources also increases competitive pressure.
Key Takeaways
The global Animal Placental Protein Market Demand is expected to witness high growth, exhibiting CAGR of 5.6% over the forecast period, due to increasing demand for superior protein nutrition supplement and animal feed ingredients. The North America dominates the market currently due to large scale production and consumption of nutritional animal-based products like meat and infant formula in the region.
Regional analysis:
North America holds the major market share currently owing to rapidly expanding meat and dairy industry in countries like U.S and Canada. Asia Pacific is expected to be the fastest growing region on account of rising health awareness, growing population and economic development in major economies like China and India.
Key players:
Key players operating in the Animal Placental Protein market are Sigma-Aldrich Corporation (Now part of Merck KGaA), Biotain Pharma Co., Ltd., New Zealand Health Food Company Limited, XABC Biotech Co., Ltd., BIOFAC A/S, Chaitanya Biologicals Pvt. Ltd., Serolab SA, Auckland BioSciences Limited, ANZCO Foods Limited & Biocontinental Co., Ltd.
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