Animal Based Protein Supplements Market In-Depth Analysis And Future Growth Report 2028
Animal Based Protein Supplements Industry Overview
The global animal based protein supplements market size was valued at USD 12.61 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.4% from 2020 to 2028.
An increasing number of health-conscious consumers demanding supplements with high protein content and nutritional value is favoring the market growth. Numerous health benefits are associated with animal based protein supplements and it has been supported by strong scientific evidence and recognized by the government food regulatory institutions, such as the FDA. Thus, an increasing number of health issues among consumers due to a lack of healthy nutrients is expected to drive the market. The dominant trend towards the consumption of high protein products among consumers has enhanced the growth of animal based protein supplements. With the population being inclined towards sports and fitness, the demand for these supplements is further expected to escalate during the forecast period.
Gather more insights about the market drivers, restrains and growth of the Global Animal Based Protein Supplements Market
The U.S. dominated the market in 2020. The trend of being proactive toward chronic health problems has spurred the demand for animal based protein supplements in the U.S. Moreover, the growing trend of personalized nutrition in the country is expected to have a positive impact on product demand.
The product is increasingly being preferred by the manufacturers of sports nutrition owing to its wide availability and strong amino profile. However, the market growth is expected to hinder during the forecast period with the increasing number of vegan and lactose-intolerant customers inclining towards plant-based supplements.
With the COVID-19 outbreak, consumers became more aware of the way that health and wellness can reduce the risk of mortality. The pandemic shifted the focus of customers to preventive healthcare. However, the imposition of lockdowns across countries resulted in the closures of gyms and fitness centers impacting sales of protein supplements.
However, with the relaxation in lockdown regulations, the demand for whey protein supplements increased substantially owing to it being a complete source of protein for maintaining overall health. It also offers all the essential amino acids that aid in maintaining the cell structure of the immune system, thereby attracting customers.
Browse through Grand View Research’s Nutraceuticals & Functional Foods Industry Research Reports.
- Protein Supplements Market – The global protein supplements market size was valued at USD 20.47 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.5% from 2021 to 2030.
- Functional Foods Market – The global functional foods market size was estimated at USD 161.49 billion in 2018. It is anticipated to register a CAGR of 7.9% during the forecast period. Increasing demand for nutritional and fortifying food additives is anticipated to drive the growth.
Market Share Insights
- March 2019: Quest Nutrition launched protein powders in 1.6 lbs. and 3 lbs. size variations in a wide variety of flavors.
Key Companies profiled:
Some prominent players in the global animal based protein supplements market include
- Glanbiaplc
- MusclePharm Corporation
- Abbott Laboratories
- CytoSport, Inc.
- Iovate Health Sciences International Inc.
- QuestNutrition
- THE BOUNTIFUL COMPANY
- AMCO Proteins
- NOW Foods
- Transparent Labs
- WOODBOLT DISTRIBUTION LLC
Order a free sample PDF of the Animal Based Protein Supplements Market Intelligence Study, published by Grand View Research.