Animal Protein Market to be Worth $42.63 Billion by 2031

Animal Protein Market Size, Share, Forecast, & Trends Analysis by Type (Dairy Protein {Milk, Whey Protein}, Egg Protein), Form (Liquid), Application (Food & Beverage {Bakery and Confectionery, Dairy}, Animal Feed, Pharmaceuticals) – Global Forecast to 2031

The Animal Protein Market was valued at $29.96 billion in 2023. This market is expected to reach $42.63 billion by 2031, from an estimated $31.41 billion in 2024, at a CAGR of 4.5% during the forecast period 2024-2031. The growth of this market can be attributed to several factors, including the rising consumer awareness towards nutritional food, increasing demand for health supplements, rising population and urbanization, and rising need for protein-rich diets. Moreover, the growing emerging economies and technological development in the dairy industry are expected to offer growth opportunities for the players operating in this market.