Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12.6 Billion | USD 15.2 Billion | 2.8% | 2021 |
FrequentlyAsked Questions
The global processed animal protein market is expected to gain momentum owing to the various health benefits offered by animal proteins for pets. Processed proteins derived from animals are known to contain higher quality protein than other vegetarian sources. As a result, more people are inclined towards adopting animal proteins in the diet forms for cats and dogs since it is free from other added calories and provides clean protein content
According to Zion Market Research, the global processed animal protein market size was worth around USD 12.6 billion in 2021 and is predicted to grow to around USD 15.2 billion by 2028 with a compound annual growth rate (CAGR) of roughly 2.8% between 2022 and 2028.
The global processed animal protein market is projected to generate the highest revenue from North America since the region houses the largest meat-producing industry. More than 49.1% of the animal by-products in the US originate from the meat industry and most of them go to waste and have no further applications.
The global processed animal protein market is house to players like Leo Group ltd., FASA Group, Ridley Corporation Limited, Valley Proteins, Nordfeed, West Coast Reduction, SYSCO Corp., BOYER VALLEY COMPANY, LLC, Tyson Food, Inc., Sonac, Smithfield Foods Inc., JBS USA Holdings Inc., and OSI Group LLC.
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