![Global Animal Protein Ingredients Market](https://res.cloudinary.com/devmoveo/image/upload/v1705655274/skyquest/report/php33AWWh.jpg)
Report ID: SQSG30B2016
Report ID:
SQSG30B2016 |
Region:
Global |
Published Date: February, 2024
Pages:
261
|
Tables:
98 |
Figures:
76
In 2021, Europe was the largest market for animal protein ingredients, followed by North America, Asia-Pacific, Latin America, and the Middle East and Africa. The major proportion of the market is mostly attributable to increased innovation, an increasing number of people demanding a healthy diet, the presence of a large number of animal protein component providers, and rising demand for functional additives.
The Asia-Pacific Animal Protein Ingredients Market, on the other hand, is predicted to develop at the fastest CAGR over the forecast period. Factors driving market expansion include rising middle-class purchasing power, expanding baby nutrition business due to a drop in breastfeeding rates, increased foreign investment, and rising demand for western dairy products such as yoghurt, fermented milk, and artisan dairy products.
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REQUEST FREE CUSTOMIZATIONAnimal Protein Ingredients Market size was valued at USD 44.08 billion in 2019 and is poised to grow from USD 46.57 billion in 2023 to USD 72.6 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).
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Report ID: SQSG30B2016