What is Global Animal Placental Protein Market?
The Global Animal Placental Protein Market is a fascinating and rapidly expanding sector of the global economy. This market revolves around the extraction and utilization of proteins derived from the placentas of various animals. These proteins are known for their rich nutritional content and potential health benefits, making them highly sought after in various industries. The market's value was estimated at US$ 27 million in 2023, and it is projected to grow to US$ 37 million by 2030. This represents a compound annual growth rate (CAGR) of 4.4% during the forecast period from 2024 to 2030.
Porcine Placenta Protein, Equine Placental Protein, Sheep Placenta Protein, Others in the Global Animal Placental Protein Market:
The Global Animal Placental Protein Market is segmented based on the source of the placental protein. This includes Porcine (pig) Placenta Protein, Equine (horse) Placental Protein, Sheep Placenta Protein, among others. Each of these sources offers unique benefits and characteristics. For instance, Porcine Placenta Protein is known for its high nutritional value and is often used in health supplements. Equine Placental Protein, on the other hand, is renowned for its anti-aging properties and is commonly found in cosmetics. Sheep Placenta Protein is the largest segment in this market, accounting for over 47% of the market share. It is highly valued for its rich amino acid content and potential health benefits.
Cosmetics and Cosmeceuticals, Health Products, Others in the Global Animal Placental Protein Market:
The Global Animal Placental Protein Market finds its applications in various sectors. These include Cosmetics and Cosmeceuticals, Health Products, among others. In the cosmetics and cosmeceuticals industry, these proteins are used for their potential anti-aging and skin rejuvenating properties. They are often found in creams, serums, and other skincare products. In the health products sector, these proteins are used in dietary supplements for their rich nutritional content. They are believed to boost overall health and wellness.
Global Animal Placental Protein Market Outlook:
The market outlook for the Global Animal Placental Protein Market is promising. In 2023, the market was valued at US$ 27 million and is projected to reach US$ 37 million by 2030. This represents a CAGR of 4.4% during the forecast period from 2024 to 2030. The market is dominated by the top three Animal Placental Protein players, who collectively account for approximately 35% of the total market. Japan is the largest consumer of Animal Placental Protein, accounting for about 37% of the global market. This is followed by Europe and North America. In terms of type, Sheep Placenta Protein is the most popular, accounting for over 47% of the market share.
| Report Metric | Details |
| Report Name | Animal Placental Protein Market |
| Accounted market size in 2023 | US$ 27 million |
| Forecasted market size in 2030 | US$ 37 million |
| CAGR | 4.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Japan Bio Products, Charites Japan, Agri-Lab Co-Products, Bovogen Biologicals, Yinchuan Yibaisheng bio-engineering Co., Ltd., Biofac A/S, Hokkaido, Shaanxi Jintai Biological Engineering Co , Ltd, Genesis Biolaboratory, Xi'an prius biological engineering Co.,Ltd |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
