Market Size –
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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Scope Of Animal Based Protein Supplements Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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
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Regional Insights –
North America was the largest region in the animal-based protein supplements market in 2023. 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, Middle East, Africa
Key Companies –
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
Table of Contents
1. Executive Summary
2. Animal Based Protein Supplements Market Report Structure
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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