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Grass fed Protein Market Size - Recent Advancements, Product Expansion, Competitors Analysis, and Size Forecast 2023-2031
IntroductionThe global grass-fed protein market is witnessing significant growth as consumers increasingly seek healthier and high-quality protein products. Grass-fed protein is derived from farm animals that exclusively feed on grass, resulting in higher-quality goods compared to conventional farming methods. This report provides an overview of the market, including its size, growth potential, and key players. It also analyzes the factors influencing market growth, the impact of the COVID-19 pandemic, regional insights, and segmentation analysis.
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Market Overview
The global grass-fed protein market generated approximately US$ 122.9 million in revenue in 2021. It is projected to reach US$ 281.9 million by 2031, growing at a compound annual growth rate (CAGR) of 8.7% during the forecast period from 2022 to 2031.
Factors Influencing Market Growth
Several factors are driving the growth of the grass-fed protein market:
Consumption of grass-fed dairy protein aids in the maintenance and growth of lean muscle mass, leading to increased demand for grass-fed protein products.
Growing health concerns and a global trend toward healthier products are driving market growth.
The availability of grass-fed protein products through various channels, such as supermarkets, hypermarkets, specialty stores, and online sales channels, presents several opportunities for market expansion.
Excessive protein consumption poses a constraint to market growth.
Study of the COVID-19 Pandemic
The COVID-19 pandemic increased health concerns worldwide, leading consumers to seek healthier products. This had a positive impact on the grass-fed protein market. However, the industry faced challenges such as labor shortages and supply chain disruptions due to the closure or partial closure of manufacturing plants and travel restrictions. As lockdown restrictions were eased and with product innovation and a wide global product offering, demand is expected to increase substantially in the coming years.
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Regional Insights
Europe dominates the market, driven by increasing regional consumer preferences and government subsidies to support grass-fed farming. Countries such as the United States, France, and Germany offer support to the grass-fed protein industry. Urban population expansion, higher living standards, and rising disposable income are expected to contribute to market growth in this region. However, Asia-Pacific is anticipated to experience significant growth due to product innovation and attractive product offerings with a variety of flavors.
Leading Competitors
The global grass-fed protein market features several leading competitors, including:
Gnarly Nutrition
Promix Nutrition
Organic Valley
Now Foods
Naked Nutrition
Kerry Group
NutraBio Labs
Fonterra
Arla Foods Ingredients
MusclePharm
Others
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Segmentation Analysis
The market segmentation for grass-fed protein is based on the following factors:
Product Type: Powder, Shakes & Drinks, Bars, Others
Flavor: Chocolate, Vanilla, Others
Distribution Channel: Hypermarket/Supermarket, Online Sales Channel, Specialty Stores
Region: North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Italy, Spain, Rest of Western Europe, Poland, Russia, Rest of Eastern Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, ASEAN, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA), South America (Brazil, Argentina, Rest of South America)
Conclusion
The global grass-fed protein market is expected to experience significant growth, driven by the increasing demand for healthier protein products and the availability of grass-fed protein through various distribution channels. Europe currently dominates the market, while Asia-Pacific shows promising growth potential. Leading competitors are actively expanding their product offerings to meet the diverse preferences of consumers.
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