Animal Placental Protein MarketSize and Trends
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 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.
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