Rising Demand for Nutritious Infant Formula to Fuel Growth of the Animal Placental Protein Market
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| Animal Placental Protein Market |
Market Overview:
Animal placental protein are extracted from the
placentae of animals such as cattle, sheep, and horses. These proteins are
predominantly used as an ingredient in healthcare formulations. They are rich
in amino acids, vitamins, minerals, and growth factors that promote cell growth
and tissue repair in humans. Animal placental proteins are widely used in
infant formula, nutritional supplements, anti-aging creams, and medical
therapies. Their high nutritional profile makes them a suitable alternative to
whey protein concentrates in infant formula. The growing demand for premium,
nutritious, and hypoallergenic infant nutrition products is expected to drive
the growth of the animal placental protein market over the forecast period.
Market Key Trends:
One of the key trends driving the animal placental protein market is the
rising demand for natural and clean label ingredients in infant formula and
nutritional supplements. Consumers are increasingly concerned about the
artificial ingredients used in traditional formulas and supplements. Animal
placental extracts are considered natural alternatives to chemical
preservatives and stabilizers as they are hormone-free, antibiotic-free, and
rich in nutrients. This is prompting major formula manufacturers to use placental
proteins from cattle, sheep, and horses to improve the nutritional profile of
their products. Additionally, with growing geriatric population globally, the
demand for anti-aging cosmetic products containing placental proteins is also
increasing steadily. Their anti-inflammatory and skin rejuvenating properties
help reduce signs of aging when applied topically. The aforementioned factors
are expected to positively impact the market growth of animal placental protein
over the forecast period.
Porter’s Analysis
Threat of new entrants: The Animal
Placental Protein Market Share faces moderate threat of new entrants
due to established distribution network of existing players and requirement of
significant R&D investment.
Bargaining power of buyers: Buyers have moderate bargaining power due to
availability of substitutes.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due
to availability of alternatives.
Threat of new substitutes: Threat from substitutes is moderate as plant-derived
proteins can be used as alternatives.
Competitive rivalry: The market witnesses high competitive rivalry among
existing players.
Key Takeaways
The global animal placental protein market is expected to witness high growth,
exhibiting CAGR of 5.6% over the
forecast period, due to increasing demand from nutraceuticals industry. The
nutraceuticals segment is expected to dominate the market owing to growing
health consciousness.
Regionally, North America is expected to dominate the global animal placental
protein market during the forecast period. This is attributed to presence of
major players and rising demand for dietary supplements in the region. Asia
Pacific is expected to exhibit highest growth rate during forecast period owing
to changing lifestyle and increasing health expenditure in the 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.
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https://www.dailyprbulletin.com/animal-placental-protein-market-demand-and-value-analysis/
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