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Europe Animal Protein Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2026

Europe Animal Protein Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2026

  • September 2022
  • ID: 6321727
  • Format: PDF
  • Mordor Intelligence LLP

Summary

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The Europe Animal Protein Market stood at 2.07 billion usd in 2021 and is projected to register a CAGR of 3.37% to reach 2.44 billion usd in 2026.

Key Highlights
Largest Segment by Product Type - Gelatin : Demand for skin-boosting foods has boosted the demand for gelatin, making it a leading segment. By form, the segment is majorly dominated by animal-sourced gelatin.
Largest Segment by End User - Food and Beverages : Increased demand for healthy foods, especially skin-boosting foods, has boosted animal protein demand in the F&B market, making it a leader in the end-user category.
Largest Segment by Product Type - Collagen : The ingredient possesses multi-functionality and contributes to enhanced muscle growth, leading the supplement industry to drive segmental growth, mainly in sports nutrition.
Fastest growing segment by End User - Personal Care and Cosmetics : Protein-enriched skin, body, and hair care products are on the rise. Players offering protein ingredients with distinct concentrations as per requirements boost the segment.

Key Market Trends

Largest Segment By End User : Food and Beverages

The European market has animal protein applications in various end-user segments, primarily driven by the food and beverage sector. The share is highly influenced by the demand from the bakery and snacks industries. In 2020, the two industries together held a share of 40% of animal protein volume consumed in the region.
The supplements have been gaining acceptance among the rising number of fitness enthusiasts in the region. Over the review period, the number of members in health and fitness clubs in Europe rose by about 12 million. Thus, this portrays a vase potential for products like protein powders. In fact, under the supplements sector, sports/ performance nutrition remained the most dominant and yet the fastest-growing segment, with a projected volume CAGR of 3.26% during the forecast period. Condiments/sauces, which are not usually healthy foods, are also observing the applications of animal proteins. As a result, the segment is anticipated to register a significant CAGR of 3.28% during the forecast period.

Largest Country : Russia

By country, Russia retained its top position in 2020, majorly driven by volume consumption stemming from a large consumer base. Food and beverage remained the largest consumer of animal proteins in the country, with the bakery segment taking up a major chunk of 54% by volume in the base year.
The market is also largely benefitted by effective government support, promoting untapped animal protein options, such as insect protein, which is anticipated to boost the ingredient demand further. In 2019, the Russian company Limkorm Pet Food received government approval to establish a pet food production complex formulated with insect protein, particularly black soldier fly.
The country was followed by the United Kingdom and Germany. In terms of growth, Turkey remained the fastest growing, with a volume CAGR of 5.63%. With a young group of consumers now prioritizing their health and well-being, the country’s changing demographics remain the growth factor.

Competitive Landscape

The Europe Animal Protein Market is fragmented, with the top five companies occupying 38.84%. The major players in this market are Agrial Group, Arla Foods amba, Darling Ingredients Inc., Royal FrieslandCampina NV and SAS Gelatines Weishardt (sorted alphabetically).

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