Market Overview:
Animal placental protein consists of multiple essential nutrients and peptides that have therapeutic properties such as anti-aging, joint health, immunity boosting, etc. It is used in supplements, pharmaceuticals and personal care products due to its nutritional and bioactive profile.
Market key trends:
One of the major trends in the animal placental protein market is its increasing demand from the dietary supplements segment. Placental proteins from bovine and ovine sources are widely used in dietary supplements for anti-aging, vitality, muscle gain and general health & wellness. The growing consumer preferences towards organic and plant-based dietary ingredients is also escalating the demand for natural placental proteins across various types of supplements. Furthermore, research and development activities for developing new applications through nanoencapsulation and liposomal delivery technologies are expected to present lucrative opportunities over the forecast period.
Segment Analysis
The global animal placental protein market is segmented on the basis of source, form, application and region. On the basis of source, the market is segmented into bovine, porcine, equine and others. The bovine segment is dominating the market due to high availability of raw material and more productivity. On the basis of form, the market is divided into powder and liquid. The powder segment dominates the market due to longer shelf life and easy transportation. On the basis of application, the market is bifurcated into nutraceutical supplements, pharmaceutical industry, cosmetics industry and research & development. The nutraceutical supplements are the dominating segment due to increasing use of placental protein in dietary and sports supplements.
Key Takeaways
The global Animal Placental Protein Market Share is expected to witness high growth, exhibiting CAGR of 5.6% over the forecast period, due to increasing demand for nutraceutical supplements. Regional analysis shows that North America is the fastest growing region due to growing health consciousness among consumers. Europe dominates the global market due to presence of leading 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 for 2023 is US$ 551.9 Mn. Regional analysis shows that North America is the fastest growing region for animal placental protein market due to increasing health awareness and growing trends of veganism and vegetarianism. Europe dominates the global animal placental protein market due to presence of leading players like Sigma-Aldrich Corporation, Serolab SA, BIOFAC A/S etc catering to the developed markets in the region. Key players operating in the animal placental protein market are focusing on new product launches and expansion in emerging markets to strengthen their market presence.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it