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The animal based protein supplements market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 8%, as per The Business Research Company’s market report!

Read More On The Animal Based Protein Supplements Market Report 2022 – https://www.thebusinessresearchcompany.com/report/animal-based-protein-supplements-global-market-report

The Animal Based Protein Supplements Market Size In 2022 And Forecast
The global animal based protein supplements market is expected to grow from $23.20 billion in 2021 to $25.33 billion in 2022 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The animal-based protein supplements market is expected to grow to $34.39 billion in 2026 at a CAGR of 7.9%.

The animal-based protein supplements market consists of sales of animal-based protein supplements by entities (organizations, sole traders, partnerships) that are used to complete the daily requirement of protein for the body and to enhance muscle synthesis and growth of lean muscle mass.

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Increase In Number Of Health-Conscious Consumers Is Driving The Growth Of The Animal Based Protein Supplements Market
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 And The Regional Analysis Of The Animal Based Protein Supplements Market
Major players in the animal based protein supplements market are Glanbia plc, Abbott Laboratories, 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, JymSupplementScience, RSP Nutrition, and International Dehydrated Foods Inc.

Additionally, as per TBRC’s research – North America was the largest region in the animal based protein supplements market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Animal Based Protein Supplements Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the animal based protein supplements market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the animal based protein supplements market.

Product Innovations – A Key Trend In The Animal Based Protein Supplements Market
Major companies operating in the animal-based protein supplement market are focused on developing new technological solutions to strengthen their position in the market.

Animal Based Protein Supplements Market Segmentation By The Business Research Company

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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