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Global Animal Based Protein Supplements Market 2022: Major Key Players And Industry Analysis Till 2031
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The global animal-based protein supplements market report by the business research company The increasing number of health-conscious consumers to be a major growth driver for the animal-based protein supplements market. The number of people focusing on their health and nutrition has been increasing globally in recent years, due to which people are more aware of completing the daily protein requirement and its importance in bodily functions. To complete the protein requirement, people are moving towards animal-based protein supplements, which in turn is resulting in the growth of the demand for animal-based protein supplements. For instance, in March 2022, according to Avendus Capital, an India-based financial services firm, consumers who are concerned about their health are predicted to increase from 108 million in 2020 to 176 million in 2026. In addition, after the pandemic, 70% of Indians said they would prioritize dietary changes to improve their overall health. Therefore, the increasing number of health-conscious consumers is driving the demand for animal-based protein supplements
The global animal-based protein supplements market size is expected to grow from $23.20 billion in 2021 to $25.33 billion in 2022 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The animal-based protein supplements market is expected to grow to $34.39 billion in 2026 at a CAGR of 7.9%.
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North America was the largest region in the animal-based protein supplements market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the animal-based protein supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the animal-based protein supplements market are Glanbia plc, Abbott Laboratories, CytoSport Inc., MusclePharm Corporation, Iovate Health Sciences International Inc., AMCO Proteins, WOODBOLT DISTRIBUTION LLC, Quest Nutrition, NOW Foods, Transparent Labs, The Bountiful Company, Dymatize Enterprises LLC, BPI Sports LLC, JymSupplementScience, RSP Nutrition, and International Dehydrated Foods Inc
The global animal-based protein supplements market is segmented -
1) By Product: Protein Powder, Protein Bars, Ready-To-Drink, Other Products
2) By Raw Materials: Whey, Casein, Egg, Fish, Other Raw Materials
3) By Application: Pharmaceuticals and Nutraceuticals, Food and Beverages, Infant Formulations, Cosmetics and Personal Care, Animal Feed, and Dietary Supplements
4) By Distribution Channel: Supermarkets and Hypermarkets, Online Stores, Chemists or Drugstores, Specialty Stores, Other Distribution Channels
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The Animal-based protein supplements market Report Contents Include
1. Executive Summary
2. Animal Based Protein Supplements Market Characteristics
3. Animal Based Protein Supplements Market Trends And Strategies
4. Animal Based Protein Supplements Market - Macro Economic Scenario
5. Animal Based Protein Supplements Market Size And Growth
......
26. Africa Animal Based Protein Supplements Market
27. Animal Based Protein Supplements Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Animal Based Protein Supplements Market
29. Animal Based Protein Supplements Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the animal-based protein supplements market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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