Functional Animal Placenta Extract Is The Fastest Growing Segment Fueling Growth Of The Animal Placental Protein Market


https://www.coherentmarketinsights.com/market-insight/animal-placental-protein-market-6077
Animal Placental Protein Market


Animal placental protein is rich in amino acids and growth factors. They support various physiological functions in the body including enhancing immunity and tissue regeneration. It is commonly used as nutritional supplements to boost collagen and elastin production for anti-aging benefits.


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.

Market key trends:

One of the major trends in the animal placental protein market is its increasing demand from the functional food and beverage industry. Placental extracts offer various health-promoting properties and act as a rich protein source. Many manufacturers are incorporating animal placental protein into various products like nutritional drinks, snack bars, and enriched cereals to cater to the rising consumer preference for wellness-oriented foods. The growth in vegan population has also fueled the adoption of animal-alternative placental proteins derived from plants and other natural sources.

Segment Analysis

The global animal placental protein market can be segregated into bovid fetal protein, ovine fetal protein, equine fetal protein and porcine fetal protein based on source. Among these, the bovid fetal protein segment dominates the market and accounted for over 50% of the total share in 2022. The dominance of the segment can be attributed to the high protein content in bovine placenta and extensive use of bovine fetal protein in manufacturing supplements owing to its high nutritional value.

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 dietary supplements and nutritional foods.

Regional analysis:
North America held the largest share in the global animal placental protein market in 2022 and is projected to continue its dominance during the forecast period. This can be ascribed to high health and wellness concerns among consumers and increasing demand for dietary supplements.

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.

The global animal placental protein market size is expected to witness high growth, exhibiting CAGR of 5.6% over the forecast period 2023 to 2030, due to increasing demand for dietary supplements and nutritional foods. North America held the largest share in the global animal placental protein market in 2022 and is projected to continue its dominance during the forecast period. This can be ascribed to high health and wellness concerns among consumers and increasing demand for dietary supplements. 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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