Animal Based Protein Supplements Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Glanbia plc, Abbott Laboratories, Glanbia plc, CytoSport Inc., MusclePharm Corporation, Iovate Health Sciences International Inc., AMCO

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2057

The Business Research Company offers in-depth market insights through Animal Based Protein Supplements Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The animal based protein supplements market size has grown rapidly in recent years. It will grow from $28.21 billion in 2023 to $31.04 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to rising health consciousness, shift in dietary preferences, sports and fitness trends.

The animal based protein supplements market size is expected to see rapid growth in the next few years. It will grow to $47.02 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to growing population and income levels, evolving retail landscape, environmental and sustainability concerns, regulatory support and standards. Major trends in the forecast period include product innovation, plant-based synergy, technological advancements, clean label movement, personalization and customization, digitalization of marketing, functional and fortified formulations, packaging innovation.

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Market Segmentation:
The animal based protein supplements market covered in this report 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

Major Driver - Growing Number Of Health Conscious Consumers
The increasing number of health-conscious consumers is expected to drive the growth of the animal-based protein supplements market going forward. 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 are 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.

Competitive Landscape:
Major companies operating in the animal based protein supplements market report are Glanbia plc, Abbott Laboratories, Glanbia plc, 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, Jym Supplement Science, RSP Nutrition, International Dehydrated Foods Inc., Optimum Nutrition, MuscleTech, BSN, Gaspari Nutrition, Universal Nutrition, Nutrex Research, Maximum Human Performance, Beverly International Nutrition, Nutrabolics, Inner Armour, ProMera Sports LLC, NutraFX Limited, NutraOne Nutrition, NutraKey LLC, NutraBio

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Top Trend - Development Of Innovative Products
Product innovations have emerged as the key trend gaining popularity in the animal-based protein supplements market. Major companies operating in the animal-based protein supplements market are focused on developing new technological solutions to strengthen their position in the market. For instance, in 2021, GoodSport Nutrition, a US-based healthy sports drink manufacturing company, launched the GoodSport sports drink, a first-of-its-kind natural sports drink made from 97% dairy. The drink delivers three times more electrolytes and 33% less sugar than a conventional sports drink. According to the firm, research has shown that milk hydrates more effectively than other sports beverages and water.

The Table Of Content For The Market Report 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
…..
27. Animal Based Protein Supplements Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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