ANIMAL PLACENTAL PROTEIN MARKET ANALYSIS

The global animal placental protein market size was valued at US$ 551.9 Mn in 2023 and is projected to reach US$ 787.2 Mn by 2030, at a CAGR of 5.2% from 2023 to 2030.

The market is segmented by product type, application, animal source, end user, distribution channel and region. By source, the market is segmented into bovine (cow), porcine (pig), ovine (sheep), equine (horse) and others. The bovine segment is projected to grow at a faster CAGR during the forecast period due to the large-scale cattle industry, which makes it more accessible and cost-effective for manufacturers.

Animal Placental Protein Market Regional Insights

• North America is the largest market for animal placental protein, accounting for over 35% of the global market share in 2022. The high demand for animal placental protein in North America is attributed to the increasing use of placental protein in cosmetics, dietary supplements, and other health and wellness products.
• Europe is the second largest market for animal placental protein, accounting for over 25% of the global market share in 2022. The high demand for animal placental protein in Europe is attributed to the increasing awareness about the benefits of placental protein and the growing popularity of natural and organic products.
• Asia Pacific is the third largest market for animal placental protein, accounting for over 20% of the global market share in 2022. The high demand for animal placental protein in Asia Pacific is attributed to the growing population and the increasing research and development activities. For instance, according to Nutrients journal, October 2020, researchers at Seoul University, South Korea, conducted a study that showed that in healthy people, supplementing with fermented porcine placental (FPP) significantly reduced fatigue-related metrics and subjective symptoms. Therefore, the findings suggest that, by controlling the inflammatory response, FPP supplementation had an anti-fatigue effect.

Figure 1. Global Animal Placental Protein Market Share (%), By Region, 2023

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Analyst View

The global animal placental proteins market is expected to grow steadily driven by its rising demand among pharmaceutical and nutraceutical manufacturers. The market is dominated by bovine and ovine placental extracts owing to easy availability of raw materials from dairy farms. North America currently holds the largest share backed by robust nutraceutical industry and increasing health-conscious population. However, Asia Pacific is likely to witness the fastest growth on account of rapidly growing pharmaceutical industry and rising disposable incomes in countries such as China and India. On the limitations side, stringent regulations pertaining to the extraction and processing of placental extracts pose a moderate restraint. Moreover, high dependency on live animal breeding can potentially disrupt the supply chain. Manufacturers should focus on developing alternative vegan sources to mitigate such risks. At the same time, market players could explore potential opportunities in the personal care and cosmetics segment by promoting anti-aging properties of placental proteins. They may also venture into developing economies across Latin America and Middle East & Africa through tie-ups with local distributors.

Animal Placental Protein Market Drivers

• Rising demand in the cosmetics industry: Cosmetic companies were exploring the incorporation of animal placental proteins into skincare products. These proteins were believed to enhance collagen production, improve skin elasticity, and reduce signs of aging, making them sought-after ingredients in the beauty and personal care sector. For instance, in October 2022, Alpha Laboratories, a prominent supplier of deer placenta and a maker of nutraceuticals in New Zealand, created the skin care brand Bouvelir. The company wants to enter the South East Asian market because it thinks that the channels serving beauty salons and clinics there will be a good fit for its premium, science-backed products. The firm recognized a chance to commercialize their deer placenta complex as a cosmetic component; therefore, it chose to enter the topical skin care sector.
• Increasing demand for high-quality protein ingredients: Animal placental proteins are rich in essential amino acids, growth factors, and bioactive peptides. These components make them valuable as nutritional supplements, functional food ingredients, and additives in various industries, including pharmaceuticals and cosmetics.
• Growing awareness of the health benefits: Research and studies have been highlighting the potential health benefits of animal placental proteins. They were believed to support cell regeneration, wound healing, immune function, and anti-aging properties, among others. As consumers became more health-conscious and sought natural remedies, the demand for such products increased. For instance, according to Processes journal, 2022, a study utilizing SAMP8 mice was carried out in China to assess the anti-aging potential of sheep placenta extract (SPE). As per the findings, adding SPE to mice's diet reduced the oxidative stress brought on by aging without causing toxicity and also lowered the aging index, indicating that SPE has potential as an anti-aging therapy.
• Expanding applications in pharmaceuticals: Animal placental proteins have been used in the development of novel pharmaceutical drugs and therapeutic treatments. Their ability to promote tissue repair, regeneration, and wound healing made them attractive candidates for use in advanced medical applications.

Animal Placental Protein Market Opportunities

• Expansion of product applications: Animal placental proteins have shown promise in various industries, including pharmaceuticals, cosmetics, and functional foods. There was an opportunity for further research and development to explore new applications, such as in regenerative medicine, nutraceuticals, and veterinary medicine. For instance, according to Nutrients Journal, 2022, cow placenta is a plentiful resource with a large quantity that has not been adequately utilized. Research was conducted to investigate the antioxidant potential of cow placenta extract (CPE) both in vitro and in vivo, as well as its ability to prevent mice's skin from aging due to d-galactose (D-gal). The findings demonstrated the potent metal chelating, reducing, and free radical scavenging properties of CPE.
• Geographic market expansion: The market for animal placental proteins was not evenly distributed across the globe. There were opportunities for companies to expand their presence into new regions and tap into emerging markets where awareness and demand for such products were growing.
• Customized product development: Consumers were increasingly seeking personalized and tailored products to meet their specific needs and preferences. Developing customizable animal placental protein products based on individual requirements could open up new market segments and attract a broader customer base.
• Collaborations and partnerships: Collaborating with research institutions, universities, and industry players could foster innovation and accelerate product development. Partnerships in manufacturing, distribution, and marketing could also enhance market reach and visibility.

Animal Placental Protein Market Trends

• Increasing Demand for Natural and Bioactive Ingredients: Consumers were increasingly seeking natural and bioactive ingredients in their food, supplements, and personal care products. Animal placental proteins, derived from natural sources, were gaining popularity due to their perceived health benefits and potential for supporting overall well-being.
• Rise in Nutraceutical and Functional Food Products: The demand for nutraceuticals and functional foods has been on the rise, driven by consumers' focus on preventive healthcare and wellness. Animal placental proteins were finding applications in these products due to their high nutritional value and reported health benefits. For instance, according to Wiley Online Library, February 2022, an investigation study on the effects of oral horse placental extract supplementation on the face skin of healthy adult women was carried out. According to the findings, the cheek skin of the horse placenta group, whose members were shielded from UV-induced pigmentation, showed evidence of equine placental extract use. Therefore, horse placental extract can be utilized as a valuable dietary supplement to preserve the quality of human skin by reducing the manufacture of melanin and the amount of melanin in the skin.
• Growing Interest in Regenerative Medicine: Animal placental proteins, with their ability to promote tissue repair and regeneration, are garnering attention in the field of regenerative medicine. Researchers and medical professionals were exploring their potential for wound healing and tissue engineering applications.
• Advancements in Extraction and Processing Technologies: Technological advancements in protein extraction and processing were leading to improved yields and higher purity of animal placental proteins. These developments were making the production process more efficient and cost-effective.

Animal Placental Protein Market Restraints

• Ethical and Moral Concerns: The use of animal-derived products, including animal placental proteins, raised ethical and moral concerns among some consumers and advocacy groups. This could lead to opposition and a potential consumer backlash, affecting market acceptance.
• Regulatory Hurdles: The animal placental protein market was subject to regulatory oversight and compliance requirements, especially concerning the sourcing, extraction, and processing of these proteins. Adherence to diverse and evolving regulations in different regions posed challenges for market players.
• Limited Awareness and Knowledge: Despite growing interest, there was still limited awareness and knowledge among consumers and healthcare professionals about animal placental proteins and their potential benefits. A lack of understanding could impact consumer adoption and market penetration.
• High Production Costs: The production of animal placental proteins involved complex extraction and purification processes, which could be costly. The high production costs might result in elevated product prices, potentially limiting market accessibility for some consumers.

Recent Developments

Product Offering

• Swanson Health, a dietary supplement company offers Sheep Placenta Glandular which contains a wealth of nutrients that support collagen formation to rejuvenate skin tissues and enhance their moisture retention capabilities.
• JAPAN BIO PRODUCTS Co., Ltd., global placenta-based products company offers LAENNEC P.O. PORCINE, a porcine based placental extract having anti-ageing properties and helps in skin rejuvenation
• ProSpec-Tany TechnoGene Ltd., a biotechnology company offers Collagen-IV Bovine, a natural protein purified from bovine placenta, which is widely used in medical, pharmaceutical and consumer products

Research and Development Activities

• In 2021, according to BMC Complementary Medicine and Therapies, a study was conducted by Mahidol university, Bangkok, Thailand which showed that Porcine placenta extract significantly improves high-glucose-induced angiogenesis impairment that is one pivotal factor of wound healing process

Figure 2. Global Animal Placental Protein Market Share (%), By Animal Source, 2023

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Top companies in Animal Placental Protein Market

• BioCell Corporation
• InVitria
• Creative Enzymes
• Japan Bio Products Co., Ltd.
• Boster Biological Technology
• ProSpec-Tany TechnoGene Ltd.
• Thermo Fisher Scientific
• Novus Biologicals
• R&D Systems
• Biova
• Daehan New Pharm Co., Ltd.
• Swanson Health

Definition: The animal placental protein market refers to the industry that involves the extraction, production, and commercialization of proteins obtained from animal placental tissues. These proteins are utilized in various applications, such as skincare, cosmetics, pharmaceuticals, nutritional supplements, and regenerative medicine, due to their potential benefits for tissue regeneration and overall health.