Animal-based protein supplement market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period. The rising numbers of health-conscious consumers have created demand for protein supplements having high nutritional value, which in turn driving the global animal-based protein supplement market. Moreover, animal based protein supplements have numerous health benefits and it has been supported by strong scientific evidence and recognized by the government food regulatory institutions, such as the FDA.
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Hence, a considerable increase in the number of health issues among consumers due to a lack of healthy nutrients is anticipated to promote the growth of the global animal-based protein supplement market. For instance, as per the information provided by Global Diabetes Community UK, it has stated that in 2018, across the globe there were 415 million diabetic patients and by 2040, it will reach 642 million people in the globe. Moreover, the increasing prevalence of obesity, diabetes, and CVD is also propelling the market to grow. Several studies have proved that minimum consumption of proteins daily basis will help in the prevention of various lifestyle-related diseases. With the population being inclined towards sports and fitness, the demand for these supplements is further expected to escalate during the forecast period. The growing inclination of consumers towards plant-based protein supplements owing to increasing availability of such products may restrain the growth of the global animal-based protein supplement market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Animal-Based Protein Supplement Market by Product
- Protein Powder
- Protein Bars
- Ready-to-drink
Global Animal-Based Protein Supplement Markey by Distribution Channel
- Supermarkets/Hypermarkets
- Online
- Chemist/ Drugstore
- Specialty Store
- Other
Global Animal-Based Protein Supplement Market by Application
- Sports Nutrition
- Functional Food
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Abbott Laboratories
- AMCO Protein
- CytoSport, Inc.
- Glanbia plc
- Iovate Health Sciences International Inc.
- MusclePharm Corp.
- NOW Foods
- QuestNutrition
- THE BOUNTIFUL COMPANY
- Transparent Labs
- WOODBOLT DISTRIBUTION LLC
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global animal-based protein supplement market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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