Asia-Pacific Animal Protein Market Size

Asia-Pacific Animal Protein Market Analysis

The Asia-Pacific Animal Protein Market size is estimated at 2.87 billion USD in 2024, and is expected to reach 3.7 billion USD by 2029, growing at a CAGR of 5.26% during the forecast period (2024-2029).

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2.87 Billion

Market Size in 2024 (USD)

3.7 Billion

Market Size in 2029 (USD)

4.90 %

CAGR (2017-2023)

5.26 %

CAGR (2024-2029)

Largest Market by Product Type

24 %

value share, Gelatin, 2023

Gelatin's texture-enhancing properties led to increased application in the baking industry. Manufacturers bear certifications to ensure gelatin is a safe ingredient.

Largest Market by End User

77.70 %

value share, Food and Beverages, 2023

The F&B sector dominates the market, primarily led by bakeries, snacks, and beverages, due to the functionalities of protein that make it highly preferred in these industries.

Fastest Growing Market by Product Type

5.75 %

Projected CAGR, Gelatin, 2024-2029

The demand for skin-boosting foods has surged the demand for gelatin, making it the fastest-growing segment. By form, the segment is dominated by animal-sourced gelatin.

Fastest Growing Market by End User

7.84 %

Projected CAGR, Personal Care and Cosmetics, 2024-2029

There is high demand for protein-enriched skin, body, and hair care products. Players are offering protein ingredients with distinct concentrations to boost the segment.

Leading Market Player

3.31 %

market share, Fonterra Co-operative Group Limited, 2021

Fonterra Co-operative Group Limited gained a competitive edge over other players due to its extensive product portfolio. It also engages in strategic moves toward innovation.

Clean-label environment with innovations in the sector drove the segmental growth

Growing demand from countries like China, India and rest of Asia-Pacific segments drive the segmental growth

Asia-Pacific Animal Protein Industry Segmentation

Casein and Caseinates, Collagen, Egg Protein, Gelatin, Insect Protein, Milk Protein, Whey Protein are covered as segments by Protein Type. Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements are covered as segments by End User. Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, South Korea, Thailand, Vietnam are covered as segments by Country.

• The F&B segment remained the largest consumer of animal proteins in the Asia-Pacific animal protein market. It was highly driven by the snacks, beverages, and bakery sub-segments, which accounted for shares of 26.93%, 23.79%, and 20.5%, respectively, by volume in 2022. The bakery sub-segment is projected to record the fastest CAGR of 5.70% by value during the forecast period 2023-2029. The application of casein and caseinates is driving the bakery sub-segment in the region. Its ease of digestion has expanded its use in highly nutritious biscuits like Threptin Biscuits (Diskettes), where it can increase the protein value of the biscuit to 1.5 grams per biscuit, which can be consumed by both children and adults.
• The F&B segment recorded high demand for whey protein and gelatin. The market largely benefits from introducing new and improved protein offerings. For instance, in 2020, Arla Foods created its first clean-label environment yogurt concept, Nutrilac YO-4575, which contains 100% natural whey protein. Similarly, in May 2021, Darling Ingredients Inc.'s Rousselot brand expanded its range of purified, pharmaceutical-grade and modified gelatin with the launch of X-Pure® GelDAT – Gelatin Desaminotyrosine.
• The personal care and cosmetics segment is projected to be the fastest-growing segment with a CAGR of 7.59% by value from 2023-2029. Owing to the rising consumption of collagen and gelatin-based beauty and personal care products, the personal care segment is recording increased protein applications due to its benefits, such as skin smoothing and hair conditioning. However, the rising disposable income and the growing women's working population are key drivers. For instance, in Asia-Pacific, women contributed around 35-40% of the region's GDP in 2021.