The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s animal based protein supplements market report forecasts the animal based protein supplements market size to grow to $40.07 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

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Animal Based Protein Supplements Market Size Forecast
The global animal based protein supplements market is expected to grow from $25.59 billion in 2022 to $28.02 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The animal based protein supplements market size is expected to grow to $40.07 billion in 2027 at a CAGR of 9.4%.

North America held the largest animal based protein supplements market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Animal Based Protein Supplements Market Driver ­– Increase In Number Of Health-Conscious Consumers
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.

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Key Animal Based Protein Supplements Market Trend – Product Innovations
Major companies operating in the animal-based protein supplement 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.

Animal Based Protein Supplements Market Segment
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

Animal Based Protein Supplements Market Major Players and Strategies
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.

In February 2022, Nestlé Health Science, a Switzerland-based nutrition company, acquired Vital Proteins for an undisclosed amount. The acquisition would help Nestlé add another brand to its vitamin, mineral, supplement, and wellness portfolio. Vital Proteins is a US-based producer and marketer of animal collagen-based protein supplements.

The Animal Based Protein Supplements Global Market Report 2023 covers regional data on animal based protein supplements market size, animal based protein supplements market trends and drivers, opportunities, strategies, and animal based protein supplements market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The 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.

View More Reports Related To The Animal Based Protein Supplements Market –
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