Animal Based Protein Supplements Market by Raw Material, Product, Distribution Channel, Application

Description

List of Tables

The Animal Based Protein Supplements Market was valued at USD 17.77 billion in 2023, expected to reach USD 19.40 billion in 2024, and is projected to grow at a CAGR of 9.70%, to USD 33.98 billion by 2030.

The animal-based protein supplements market encompasses products derived from components like whey, casein, egg, and beef, which are primarily used to enhance dietary protein intake. The necessity of these supplements is driven by their essential role in muscle repair, weight management, and overall nutrition, catering to varied applications across athletes, bodybuilders, and individuals seeking supplementary protein for health reasons. End-use scope is broad, spanning fitness centers, health clubs, and retail markets. Key growth drivers include the rising global trend towards fitness and health consciousness, increasing demand for weight management solutions, and ongoing product innovations boosting formulation versatility, like ready-to-drink protein shakes and protein bars. Opportunities also emerge from expanding into emerging markets where awareness and income levels are on the rise. However, challenges such as fluctuating raw material prices, stringent regulatory frameworks, and the growing popularity of plant-based alternatives pressurize market growth. Additionally, ethical concerns regarding animal welfare and environmental sustainability can impact consumer choices. Innovations might focus on improving taste profiles, enhancing amino acid compositions, and developing clean-label, allergen-free products. Research into sustainable sourcing and minimizing the environmental footprint of production processes offers potential areas for differentiation and competitive advantage. Exploring personalized nutrition supplements using data analytics can cater to niche demographics, thus expanding market penetration. Despite the beneficial scope, understanding and mitigating impacts from competing plant-based trends and addressing regulatory obstructions are crucial. Companies should consider strategic collaborations to diversify their offerings and invest in educating consumers about the unique benefits of animal-based proteins. The market's dynamic nature, marked by evolving consumer preferences and technological advancements, requires agility and innovation to achieve sustained growth in this sector.

KEY MARKET STATISTICS
Base Year [2023]	USD 17.77 billion
Estimated Year [2024]	USD 19.40 billion
Forecast Year [2030]	USD 33.98 billion
CAGR (%)	9.70%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Animal Based Protein Supplements Market

The Animal Based Protein Supplements Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing number of chronic health problems due to lack of nutrients
- Rapid adoption from sportspersons and rise of self-directed consumers
- Rising consumer awareness for preventive healthcare
Market Restraints
- Elevation in supplement prices and the high cost of premium quality products
Market Opportunities
- Growing trend of personalized nutrition
- Proliferating number of product developments coupled with the rising e-commerce industry
Market Challenges
- Concerns regarding inclination towards plant-based supplements

Porter's Five Forces: A Strategic Tool for Navigating the Animal Based Protein Supplements Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Animal Based Protein Supplements Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Animal Based Protein Supplements Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Animal Based Protein Supplements Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Animal Based Protein Supplements Market

A detailed market share analysis in the Animal Based Protein Supplements Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Animal Based Protein Supplements Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Animal Based Protein Supplements Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Animal Based Protein Supplements Market

A strategic analysis of the Animal Based Protein Supplements Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Animal Based Protein Supplements Market, highlighting leading vendors and their innovative profiles. These include Agrana Group, Amco Proteins, Archer Daniels Midland Company, Arla Foods Ingredients Group P/S, Cargill, Incorporated, Cooklist, Inc., Drink Wholesome LLC, Glanbia PLC, Gnarly Nutrition, Kellogg Company, Kerry Group PLC, MusclePharm Corporation, MyProtein, Nestle S.A., NOW Health Group, Inc., Old School Labs, Orgain, Inc., Thermo Fisher Scientific Inc., and Universal Nutrition.

Market Segmentation & Coverage

This research report categorizes the Animal Based Protein Supplements Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Raw Material, market is studied across Casein, Egg, Fish, and Whey.
Based on Product, market is studied across Protein Bars, Protein Powder, and Ready-to-Drink.
Based on Distribution Channel, market is studied across Chemist or Drugstores, Online Stores, Specialty Stores, and Supermarkets or Hypermarkets.
Based on Application, market is studied across Functional Food and Sports Nutrition.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-3A2E844FCE5B

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing number of chronic health problems due to lack of nutrients
  - 5.1.1.2. Rapid adoption from sportspersons and rise of self-directed consumers
  - 5.1.1.3. Rising consumer awareness for preventive healthcare
- 5.1.2. Restraints
  - 5.1.2.1. Elevation in supplement prices and the high cost of premium quality products
- 5.1.3. Opportunities
  - 5.1.3.1. Growing trend of personalized nutrition
  - 5.1.3.2. Proliferating number of product developments coupled with the rising e-commerce industry
- 5.1.4. Challenges
  - 5.1.4.1. Concerns regarding inclination towards plant-based supplements
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Animal Based Protein Supplements Market, by Raw Material

6.1. Introduction
6.2. Casein
6.3. Egg
6.4. Fish
6.5. Whey

7. Animal Based Protein Supplements Market, by Product

7.1. Introduction
7.2. Protein Bars
7.3. Protein Powder
7.4. Ready-to-Drink

8. Animal Based Protein Supplements Market, by Distribution Channel

8.1. Introduction
8.2. Chemist or Drugstores
8.3. Online Stores
8.4. Specialty Stores
8.5. Supermarkets or Hypermarkets

9. Animal Based Protein Supplements Market, by Application

9.1. Introduction
9.2. Functional Food
9.3. Sports Nutrition

10. Americas Animal Based Protein Supplements Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Animal Based Protein Supplements Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Animal Based Protein Supplements Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
13.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Agrana Group
2. Amco Proteins
3. Archer Daniels Midland Company
4. Arla Foods Ingredients Group P/S
5. Cargill, Incorporated
6. Cooklist, Inc.
7. Drink Wholesome LLC
8. Glanbia PLC
9. Gnarly Nutrition
10. Kellogg Company
11. Kerry Group PLC
12. MusclePharm Corporation
13. MyProtein
14. Nestle S.A.
15. NOW Health Group, Inc.
16. Old School Labs
17. Orgain, Inc.
18. Thermo Fisher Scientific Inc.
19. Universal Nutrition