India Animal Protein Market Size

India Animal Protein Market Analysis

The India Animal Protein Market size is estimated at 486.4 million USD in 2024, and is expected to reach 666.8 million USD by 2029, growing at a CAGR of 6.51% during the forecast period (2024-2029).

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486.4 Million

Market Size in 2024 (USD)

666.8 Million

Market Size in 2029 (USD)

6.26 %

CAGR (2017-2023)

6.51 %

CAGR (2024-2029)

Largest Market by Product Type

24.11 %

value share, Gelatin, 2023

Gelatin's texture-enhancing properties increase its popularity in baked goods. The growing number of manufacturers with certifications to ensure safety is driving the demand for gelatin in the country.

Largest Market by End User

78.14 %

value share, Food and Beverages, 2023

The F&B sector dominates the market, mainly led by the snacks and bakery segment. Rising consumer interest in protein-fortified snacks and bakery products such as bread, biscuits, cookies, etc. drives the market growth.

Fastest Growing Market by Product Type

8.07 %

Projected CAGR, Collagen, 2024-2029

Collagen possesses multi-functionalities and contributes to enhanced muscle growth. Thus, the demand for collagen is high in the supplements industry, mainly in sports nutrition.

Fastest Growing Market by End User

10.47 %

Projected CAGR, Personal Care and Cosmetics, 2024-2029

The popularity of protein-enriched skin, body, and hair care products is on the rise. Players offering protein ingredients with distinct concentrations as per need are boosting the segment.

Leading Market Player

3.29 %

market share, Fonterra Co-operative Group Limited, 2021

Due to its extensive product portfolio and strategic moves toward innovation, Fonterra Co-operative Group Limited has gained a competitive edge over other players.

Consumer inclination towards protein-based meals dominates the F&B sector across the country

India 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.

• By end user, the F&B sector remained the largest, and it is anticipated to register a CAGR of 6.33%, by volume, in the forecast period. The demand was majorly led by the snacks industry owing to the increasing number of working professionals and their widening inclination toward healthy, on-the-go meal options. About 70% of Indians are willing to focus on improving their overall health and immunity and reducing stress and anxiety by prioritizing dietary changes.
• The COVID-19 pandemic exposed the vulnerability of the regional foodservice sector, which further drove consumers toward the retail sector. This trend largely benefitted the RTE/RTC foods sub-segment, which saw double-digit growth of 19.60% by volume in 2020 compared to the previous year. The pandemic further bolstered the demand for ready-to-cook food products, such as frozen meals and pizzas, directly positioned to compensate for consumers' eating out. The demand for protein is expected to continue due to the growing consumption of ready-to-eat foods in the country. Thus, the RTE/RTC foods sub-segment is projected to record a CAGR of 6.71% during the forecast period.
• The personal care and cosmetics segment is expected to grow the fastest and record a CAGR of 9.59% during the forecast period. The need for all-natural components in the Indian cosmetics sector is driving applications of animal protein. The increasing functions of whey protein, such as skin smoothening and hair conditioning, are also boosting demand in the market. With the rise in demand for bioactive ingredients from Indian consumers, manufacturers are attempting to include these ingredients in the sector.