Canada Animal Protein Market Report and Forecast 2024-2032

Canada Animal Protein Market Report and Forecast 2024-2032

Market Outlook

According to the report, the Canada animal protein market reached a value of USD 279.24 million in 2023. Aided by the changing eating habits of the consumers, the market is projected to further grow at a CAGR of 3.9% between 2024 and 2032 to reach a value of USD 393.32 million by 2032.

Animal protein, encompassing products derived from poultry, beef, pork, and seafood, plays a crucial role in nutrition by supplying essential amino acids for muscle repair, growth, and overall health.

The Canada animal protein market growth is buoyed by several factors, including a heightened awareness of nutritional benefits, an increase in health-conscious consumers, and the versatility of animal proteins in culinary applications. These proteins are integral to a variety of products ranging from fresh meats and seafood to processed and ready-to-eat items, catering to a wide spectrum of dietary preferences and lifestyles.

One of the primary drivers of the Canada animal protein market demand is the growing consumer inclination towards protein-rich diets. This trend is supported by a widespread acknowledgment of protein's role in promoting muscle health, weight management, and satiety. The shift towards more health-conscious eating habits has led to an upsurge in demand for animal-based protein products, underpinned by their comprehensive amino acid profile.

Additionally, the market benefits from the evolving landscape of food consumption patterns, where convenience and nutritional value are paramount. The burgeoning demand for ready-to-cook and ready-to-eat protein products has paved the way for innovations in product development and packaging, enhancing the accessibility and appeal of animal protein to a broader audience.

Another significant driver influencing the Canada animal protein market outlook is the sustainable and ethical sourcing of animal proteins. Canadian consumers are increasingly favouring brands and products that adhere to high standards of animal welfare, environmental stewardship, and local sourcing. This ethical dimension has encouraged producers to adopt more sustainable farming and processing practices, thereby aligning with consumer expectations and contributing to market growth.

Regionally, the Canada animal protein market exhibits significant variation across provinces, influenced by factors such as demographic trends, regional dietary habits, and local production capacities. Provinces with a strong agricultural and fishing industry, such as Alberta, British Columbia, and the Maritime provinces, play a pivotal role in shaping the market dynamics, contributing to the national supply of beef, poultry, and seafood, respectively.

Looking ahead, the Canada animal protein market demand is poised for sustained growth, driven by innovation, consumer preferences for high-quality protein sources, and the industry's adaptability to market challenges. Strategic investments in sustainable practices, ethical sourcing, and technological advancements in food processing are expected to further bolster the market's expansion, ensuring its resilience and relevance in the evolving landscape of food consumption.

Market Segmentation

The market can be divided based on type, end use, and region.

Market Breakup by Type

• Casein and Caseinate
• Collagen
• Egg Protein
• Gelatine
• Milk Protein
• Whey Protein
• Others

Market Breakup by End Use

• Supplements
• Food and Beverages
• Personal Care and Cosmetics
• Animal Feed

Market Breakup by Region

• Northern Canada
• British Columbia
• Alberta
• The Prairies
• Central Canada
• Atlantic Canada

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Canada animal protein market. Some of the major players explored in the report are as follows:

• Glanbia PLC
• Groupe LACTALIS
• Kerry Group PLC
• Ajinomoto Co., Inc.
• Ajix, Inc. (CapsCanada) Ajix, Inc. (CapsCanada)
• Saputo Inc.
• Nippi Collagen NA Inc.
• FoodTec Canada Inc.
• Gay Lea Foods Co-operative Ltd.
• Others

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