Animal-based Protein Supplements Market to Eyewitness Massive Growth, Forecast 2032 | Glanbia plc, Abbott Laboratories, CytoSport, Inc., MusclePharm Corporation

As per the report published by The Brainy Insights, the global animal-based protein supplements market is expected to grow from USD 39.84 Billion in 2021 to USD 77.67 Billion by 2030, at a CAGR of 7.7% during the forecast period 2022-2030. Asia Pacific region emerged as the largest market for the global animal-based protein supplements market with a 38.42% share of the market share in 2021. This is owing to the strong demand for these components in a variety of applications. Moreover, increasing animal feed need in the region would complement regional market growth throughout the projection period.

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Animal Based Protein Supplements Market Size by Raw Material (Whey Protein, Casein Protein, Egg protein, Dairy protein, Fish Protein, and Gelatin), By Application (Pharmaceuticals & Nutraceuticals, Food & Beverages, Infant Formulations, Cosmetics & Personal Care, Animal Feed, and Dietary Supplements), Regions (North America, South America, Europe, Asia Pacific, and the Middle East and Africa), Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Leading companies in the industry include Glanbia plc, Abbott Laboratories, CytoSport, Inc., Muscle Pharm Corporation, Iovate Health Sciences International Inc., AMCO Proteins, WOODBOLT DISTRIBUTION LLC, Quest Nutrition, NOW Foods, Transparent Labs, THE BOUNTIFUL COMPANY among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The raw material segment is divided into whey protein, casein protein, egg protein, dairy protein, fish protein, and gelatin. The whey protein segment dominated the market with a market share of around 21.7% in 2021. Whey protein is a protein blend made from proteins extracted from whey, a liquid by-product of cheese manufacture. Lactalbumin, lactoglobulin, and serum albumin are among the proteins. Whey protein is often sold as a protein source, and it has been linked to a variety of health benefits. An evaluation published in the European Food Safety Authority Journal in 2010 stated that the research given did not properly support the suggested assertions. Whey protein has been demonstrated to be somewhat better for muscle building than other forms of protein, such as soy. The application segment is divided into pharmaceuticals & nutraceuticals, food & beverages, infant formulations, cosmetics & personal care, animal feed, and dietary supplements. The food & beverages segment dominated the market with a market share of 30.22% in 2021. This expansion can be traced to the widespread use of these chemicals in processed food items. Furthermore, the excessive demand of prepared foods, especially for developing countries, is a result of people's changing busy lives in nations such as India, China, and others. On the other hand, the animal feed application segment will develop due to rising population, since there has been consistent pressure on the livestock and agriculture industry to satisfy the rising wants of an increasing population internationally. As a result, the growing animal population is also boosting total market growth.

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The market is expected to increase steadily because of rising protein consumption in both established and emerging economies throughout the world, as well as rising youth awareness of the need of a balanced and nutritious diet. Protein is regarded as one of the most important components of the diet since it aids in the construction, repair, and maintenance of the body's components. A human body has proteins across the body, from tissues and bones to bones, skin, and hair; yet the body's inability to retain proteins, unlike other important nutrients, is an important consideration for protein consumption through food. Higher nutrient composition in animal-based goods is one of the primary factors driving higher demand for animal protein components, magnifying market expansion throughout the forecast period.

About the report:
The global podcasting market is analyzed based on value (USD Billion). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes Porter's five forces model, attractiveness analysis, raw material analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.

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