Product ID: SQSG30I2049
Report ID:
SQSG30I2049 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|
Tables:
68 |
Figures:
75
Animal Protein Market size was valued at USD 44.08 billion in 2019 and is poised to grow from USD 46.59 billion in 2023 to USD 76.73 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).
The increasing popularity of protein-centric diets has contributed to an increase in the demand for animal proteins in the food and beverage industry. Consumer preferences have altered dramatically as a result of changing lifestyles and rising disposable incomes, increasing demand for nutrient-rich meals. Consumer demand for animal protein in diets is increasing as people become more aware of its health benefits. Consumer interest in functional food and drinks supplemented with proteins is projected to drive market expansion in the coming years.
Animal protein is widely used in dietary supplements and nutraceuticals. The increased demand for protein supplements among pregnant women, the aging population, and athletes promotes the market's expansion. The growing demand for protein-rich newborn foods has significantly increased the need for animal protein for infant food processing. The pet food market is thriving all over the world, which is predicted to raise demand for animal protein in the food production industry. The growing popularity of sports supplements among fitness enthusiasts is projected to boost market growth in the coming years.
US Animal Protein Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONAnimal Protein Market size was valued at USD 44.08 billion in 2019 and is poised to grow from USD 46.59 billion in 2023 to USD 76.73 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).
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Product ID: SQSG30I2049