Global Animal Extract Market By Type (Chicken Extract, Pork Extract, Beef Extract, Seafood Extract, Others), By Application (Gelatin, Collagen, Egg Protein, Amino Acid Powder, Cardiac Peptide Powder, Goose Carnosine, Glycosaminoglycan), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2020-2030

“Global Animal Extract Market” is the title of an upcoming report offered by Market.US. This comprehensive market research report on the animal extract industry contains inputs, as well as information & data from both primary and secondary sources, that have been validated and verified by target market experts. Apart from critical data and other related information, the report also includes factors that could be or are potential restraints to market growth, present & future key trends, recourses that can be leveraged for potential market expansion in untapped regions or countries, as well as factors that are presently fueling growth in animal extract market. It also covers challenges or threats for new, as well as existing market entrants. The report presents a thorough study of revenues, key developments, strategies, historical data and information by major players that offer crucial perspectives/insights into various market scenarios. The global animal extract market has been segmented on the basis of product type, application, as well as regions and countries.

The Global Animal Extract Market was valued at UЅD $7,265.9 Мn in 2020, and is projected to register а САGR of 9.0% over the next 10 years.

Overview:

Animal extracts refers to the extracts or products that are derived from animal tissue or organs. These extracts contain a mixture of amino acids, peptides, organic acids, minerals & vitamins, nucleotide fractions, etc., as such, they are widely utilized across a host of global industries for various applications.

Dynamics:

The increasing demand for animal extract products from the feed industry due to the numerous nutritional benefits they offer, is one of several factors expected to fuel the revenue growth of the global animal extract market in the coming years.

The growing awareness among individuals to lead healthier lifestyles, is resulting in people opting to consumer nutritional food products, many of which contain animal extracts. Moreover, animal extracts are used as flavoring agents in the F&B industry, and in the food industry, they are used as additives and taste enhancers. The subsequent expansion of the aforementioned industries is expected to result in the revenue growth of the global animal extract market in the foreseeable future.

In recent years, there has been a growing trend of vegetarianism and veganism, that places significance on only consuming ethical organic products, this is factor that may restrain market growth in the near future. However, the increasing importance of animal extracts and its utilization in the pharmaceutical industry for the production of pharma products is a factor that is slated to positively contribute to the revenue growth of the global animal extract market.

The COVID-19 outbreak has resulted in numerous market players being forced to temporarily halt their respective daily manufacturing and supply-chain operations due to global lockdown. This is also anticipated to have a drastic short-term impact on the market growth of this industry.

Segmentation of the global animal extract market is as follows:

On the basis of product type, the beef extract segment accounted for the maximum number of revenue shares of the global animal extract market in 2020, and is also slated to index the highest CAGR of 9.3%, over the next 10 years. The chicken extract and pork extract segments accounted for the second and third-most number of revenue shares (USD $1,743.9 Mn, and $1,281.5 Mn respectively) of this global market in 2020, and are also anticipated to index considerable revenue growth rates respectively, in the coming years.

In terms of technology, the industrial microbial segment accounted for the majority revenue shares of the global animal extract market in 2020, and is slated to register the highest CAGR of 8.7%, with an attractiveness index of 7.7, over the next 10 years. The mechanical grinding segment is also anticipated to expand at a considerable rate of revenue growth in the coming years.

With respect to application, the collagen segment accounted for the maximum number of revenue shares (47.2%) of the global animal extract market in 2020, and is slated to register the highest CAGR, with an attractiveness index of 5.8, over the next decade. The gelatin segment is also anticipated to expand at a significant rate of revenue growth over the forecast period.

Concerning the end-use aspect of this global market, the F&B industry segment accounted for the highest number of revenue shares (41.1%) of this global market in 2020. However, the pharmaceutical segment is slated to index the highest CAGR of 9.3% in the coming years.

Regional Segmentation and Analysis:

North America accounted for the majority revenue shares (46.5%) of the global animal extract market in 2020, and is slated to index the highest CAGR, with an attractiveness index of 5.7, over the next decade. The markets in Europe accounted for the second-most number of revenue shares of this global market in 2020.

Segmentation of the Global Animal Extract Market:

Segmentation by Product Type:

• Chicken Extract
• Pork Extract
• Beef Extract
• Sheep Extract
• Fish Extract
• Crustaceous Extract
• Insect Extract
• Reptile Extract

Segmentation by Technology:

• Mechanical Grinding
• Industrial Microbial Enzyme

Segmentation by Application:

• Gelatin
• Collagen
• Egg Protein
• Amino Acid Powder
• Cardiac Peptide Powder
• Goose Carnosine
• Glycosaminoglycan

Segmentation by End-Use:

• Food & Beverage Industry
• Microbiological Culture Media
• Pharmaceutical
• Pet Food Industry

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

 Key players profiled in the market report are:

• Unilever PLC.
• Lauridsen Group Inc. (Proliant Biologicals, LLC)
• Novozymes A/S
• Colin Ingredients SAS
• Elite Flavor Bioengineering Co. Ltd.
• Creative Enzymes
• Carnad A/S
• Nikken Foods Co., Ltd.
• Crescent Biotech
• LIS France SA
• DuPont de Nemours, Inc.
• Koninklijke DSM N.V.
• BASF SE
• Hansen Holding A/S
• Amano Enzyme Inc.

For the Animal Extract Market research study, the following years have been considered to estimate the market size: