Overview and Scope
Animal-based protein supplements refer to dietary supplements that are used to complete the daily requirement of protein for the body and to enhance muscle synthesis and growth of lean muscle mass. Animal-based protein supplements are protein supplements extracted from animal sources, including eggs, milk, and collagen. Animal-based protein supplements are considered an excellent source of protein since they have all the essential amino acids and are considered a complete protein. They also have a more neutral taste and are blended easily.
Sizing and 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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Segmentation & Regional Insights
The animal based protein supplements market covered in this report is segmented –
1) Animal Based Protein Supplements Market By Product: Protein Powder, Protein Bars, Ready-To-Drink, Other Products
2) Animal Based Protein Supplements Market By Raw Materials: Whey, Casein, Egg, Fish, Other Raw Materials
3) Animal Based Protein Supplements Market By Application: Pharmaceuticals and Nutraceuticals, Food and Beverages, Infant Formulations, Cosmetics and Personal Care, Animal Feed, And Dietary Supplements
4) Animal Based Protein Supplements Market By Distribution Channel: Supermarkets And Hypermarkets, Online Stores, Chemists or Drugstores, Specialty Stores, Other Distribution Channels
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
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The animal based protein supplements market report table of contents includes:
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. Global Animal Based Protein Supplements Market Size and Growth
.....
32. Global Animal Based Protein Supplements Market Competitive Benchmarking
33. Global Animal Based Protein Supplements Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Animal Based Protein Supplements Market
35. Animal Based Protein Supplements Market Future Outlook and Potential Analysis
36. Appendix
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