by Animal placental protein refers to high-quality protein extracts obtained from the placenta of animals such as cows and sheep. These proteins are a rich source of nutrients like amino acids, minerals, and hormones. They find applications in dietary supplements, functional foods, cosmetics, pharmaceuticals, and biomedical applications. The supplements market has witnessed rising demand for natural protein powders made from animal placental extracts to lead an active lifestyle and boost overall wellness.
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 Dynamics:
Growing health awareness among consumers regarding the importance of protein-rich supplements to build muscle mass and strength is a key driver propelling the animal placental protein market growth. According to health experts, daily intake of 15-20 grams of high-quality protein is recommended for adults to maintain muscle strength. However, the protein content in normal diets may fall short of the prescribed level. As a result, protein powders and concentrates derived from natural sources like animal placentas are gaining prominence.
The increasing prevalence of lifestyle diseases has also augmented the sales of preventive supplements. Aging populations across developed economies are aggressively adopting preventive healthcare practices through dietary tweaks and supplements. This growing wellness-conscious consumer base offers lucrative opportunities for animal placental protein products.
Segment Analysis
The global animal placental protein market is dominated by the bovine placental protein sub-segment due to high nutrition value and easy availability. Bovine placental protein accounts for over 35% of the total market share owing to high content of vitamins, minerals and amino acids that provide various health benefits.
PEST Analysis
Political: Currently there are no strict regulations on the use of placental proteins. However, government agencies are increasingly monitoring the quality and safety aspect of such products.
Economic: The growing health consciousness and rise in per capita income is driving the demand for nutritional supplements, thereby fueling the growth of animal placental protein market.
Social: Increasing awareness about benefits of placental proteins in anti-aging, weight management and sports nutrition is positively impacting the market growth.
Technological: Advancements in extraction techniques have improved the purity and yield of placental protein extracts which is further augmenting its application in cosmetics and pharmaceuticals.
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 functional foods. The Asia Pacific region dominated the market with over 30% share in 2023 due to rising health expenditure and growingmiddle class population in China and India.
Regional analysis
The Asia Pacific region is expected to continue dominating the market during the forecast period owing to rising awareness about benefits of placental proteins among general population in China and India. Additionally, favorable government initiatives to promote health and wellness is accelerating the market growth in this region.
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. These players are focusing on new product launches and capacity expansion to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
