The global animal based protein supplements market size was valued at USD 12.70 billion in 2020, and is predicted to be worth around USD 30.26 billion by 2030, registering a CAGR of 7.6% during the forecast period 2022 to 2030.
Increasing instances of fitness and sporting activities among consumers have led to nutrition awareness, thus positively impacting the market growth. 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.
The sports nutrition application segment dominated the market in 2020 owing to consumers' desire for a healthy and active lifestyle, which has led to an increase in sports and fitness participation. Additionally, key players such as Quest Nutrition are focusing to meet the demand for sports nutrition by introducing products enriched with proteins in compact sizes and new formats, thus fueling the growth.
|Market Size||US$ 30.26 billion by 2030|
|Growth Rate||CAGR of 7.6% From 2022 to 2030|
|Largest Market||North America|
|Forecast Period||2022 to 2030|
|Segments Covered||Raw Material, Product, Distribution Channel, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Glanbia plc; Muscle Pharm Corporation; Abbott Laboratories; Cyto Sport, Inc.; Iovate Health Sciences International Inc.; Quest Nutrition; THE BOUNTIFUL COMPANY; AMCO Proteins; NOW Foods; Transparent Labs; WOODBOLT DISTRIBUTION LLC|
By Raw Material Analysis
Whey protein dominated the market with a revenue share of over 55.0% in 2020. The rising incidence of chronic illnesses due to the changing lifestyles, particularly among the millennial population, is one of the key factors driving the adoption of protein-rich diets, which, in turn, is likely to augment the demand for whey protein during the forecast period.
The consumption of high protein-based foods and the increasing focus on fitness among consumers are projected to drive the demand for egg proteins for sports nutrition applications.
Fish proteins are likely to witness a growth in demand in the sports nutrition application segment over the forecast period on account of their fast absorption functionality, which promotes lean muscle mass.
Fish proteins are also increasingly being utilized in functional food on account of their ability to help reduce wrinkles, support stronger hair, and increase skin elasticity.
By Product Analysis
Protein powder dominated the market with a revenue share of over 60.0% in 2020. Rising concerns among consumers regarding daily protein intake, coupled with the convenience and easy usability of protein powders for making protein shakes or for blending them with various food products in order to suit varying tastes, are expected to fuel the product demand.
The RTD segment is expected to witness the fastest growth over the forecast period owing to the increasing acceptance of the product as a meal replacement.
The demand for RTD animal based protein supplements is also expected to be driven by factors such as increasing awareness regarding healthy living and an increase in health and fitness centers.
By Distribution Channel Analysis
The online stores segment accounted for the largest revenue share of over 30.0% in 2020 owing to the availability of easy access to products according to varying tastes and preferences as well as the increased number of brands to choose from.
Supermarkets and hypermarkets contribute significantly to the sales of protein supplements in Europe and North America owing to the higher prevalence.
The specialty stores segment is likely to register a CAGR of 6.1% during the forecast period. The robust growth of specialty stores in developed and developing countries owing to their wide product offerings in a single category, flexible store formats, unique designs, and product displays has been attracting customers towards specialty stores.
By Application Analysis
Sports nutrition accounted for the largest revenue share of over 60.0% in 2020. This is due to animal proteins exhibiting prebiotic, antimicrobial, antioxidant, and hypertensive properties in nutritional beverages, ready-to-drink protein shakes, and dry-mix beverages.
Rising obesity levels globally are expected to propel the demand for sports nutritional supplements. With an increasing number of individuals engaging in sports and other physical activities to fight obesity, coupled with an increase in the number of fitness centers, health clubs, and gymnasiums,
The demand for functional foods is increasing owing to a change in customer lifestyle and eating habits, which has led to a deficiency of essential nutrients. Functional foods are increasingly being enriched with protein supplements to keep up with the customer demand for health and wellness beyond the essential intake of nutrition.
By Regional Analysis
North America accounted for the largest revenue share of over 45.0% in 2020 owing to high consumer awareness regarding the protein content in animal based supplements and focus on leading healthy and active lifestyles.
The consumption of animal-based protein supplements in Europe is high due to consumer awareness regarding the link between right nutrition and exercising regularly. In addition, high disposable income and the availability of raw materials in the region are expected to create growth potential for the market.
Changing lifestyles, rising urbanization, and shifting dietary preferences of consumers have led to increasing demand for nutritive food products in Asia Pacific, which is further likely to drive the market statistics.
Iovate Health Sciences International Inc.
THE BOUNTIFUL COMPANY
WOODBOLT DISTRIBUTION LLC
By Raw Material
By Distribution Channel
Central & South America
Middle East & Africa
The animal based protein supplements market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of animal based protein supplements market for the base year 2021 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global animal based protein supplements market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the animal based protein supplements market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted animal based protein supplements market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the animal based protein supplements capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of animal based protein supplements by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global animal based protein supplements market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major animal based protein supplements market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of animal based protein supplements market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the animal based protein supplements industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
animal based protein supplements market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to animal based protein supplements market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of animal based protein supplements market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new animal based protein supplements market. These factors have benefited the growth of the global market for animal based protein supplements. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for animal based protein supplements. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of animal based protein supplements are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
Protein Supplements Market (By Source: Animal-based, Plant-based; By Product: Protein Powder, Protein Bars, Ready to Drink; By Application: Sports Nutrition, Functional Food; By Distribution Channel: Supermarkets & Hypermarkets, Online Stores, Direct to Customers (DTC)) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...
Oat Milk Market (By Source: Organic, Conventional; By Product: Plain, Flavored; By Packaging: Cartons, Bottle; By Distribution Channel: Supermarkets & Hypermarkets, Convenience Stores, Online Retail) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...
Insect Protein Market (By Source: Coleoptera, Lepidoptera, Hymenoptera, Orthoptera, Hemiptera, Diptera; By Application: Food & Beverages, Animal Nutrition, Pharmaceutical & Supplements, Personal Care and Cosmetics) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...
Preservatives Market (By Type: Natural, Synthetic, Benzoates; By Function: Antimicrobial, Antioxidant; By Application: Food, Feed, Pharmaceutical, Cosmetics, Detergents) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...
Animal Based Protein Supplements Market (By Raw Material: Whey, Casein, Egg, Fish; By Product: Protein Powder, Protein Bars, Ready-to-Drink; By Distribution Channel: Supermarkets/ Hypermarkets, Online Stores, Chemist/ Drugstores, Specialty Stores; By Application: Sports Nutrition, Functional Food) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...