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The global animal-based pet protein market is estimated to reach US$ 76.3 Bn in 2022 and is projected to surpass US$ 1,17.8 Bn, registering a CAGR of 4.4% from 2022 to 2032.

Increasing consumption of protein in pet food applications with rising focus on sustainable eating will drive the demand in the market. Insect-based protein and pulse-based protein are few of the sources that can be used in pet foods. Alongside, microbial protein such as bacteria, chlorella, spirulina, yeast, and fungi is a prominent source of protein.

Growing trend of pet humanization is driving the need to provide them with protein rich pet food. Animal-based protein source helps in providing optimum nutrition to the pets to improve their metabolism.

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Subsequently, rising concerns regarding the health of the pets and increased spending capacity of the pet owners is expected to increase the consumption of animal-based pet protein in the coming decade.

Further, pet owners are changing their preferences towards consuming premium pet foods to ensure that a good diet could be followed by their pets. High levels of protein would help maintain a good digestive system and a smooth skin texture.

Hence, key participants such as Mars Petcare Inc. have come up technological advancements involving techniques that help in producing animal-based pet food which is rich in protein. This is expected to address the needs of consumers who are willing to provide a rich protein diet to the pets to ensure their good health.

Key Takeaways from Market Study

“Animal-based pet protein food manufacturers are likely to generate high revenue by producing animal-based pet food which is rich in protein. They are also introducing new products with high nutritional value to cater to the growing demand from pet owners,” says a Future Market Insights analyst.

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Leading players in animal-based pet protein market are majorly focusing on research & development, product innovation, geographical expansion, partnerships and mergers and acquisitions to create a larger customer base. For instance,

Future Market Insights, in its new report, offers an impartial analysis of the global animal-based pet protein market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on product type (dry, wet, treats and chews, and others), pet type (cat, dog, birds, and others), nature (organic and conventional), packaging (pouches, bags, folding cartons, tubs and cups, can, and bottles and jars), and distribution channel (store-based retailing and online retailers), across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) major regions of the world.

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Global Animal-based Pet Protein Market by Category By Product Type:

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The post Animal-based Pet Protein Market Report Analysis, Share, Revenue, Growth Rate with Forecast Overview 2032 appeared first on Future Market Insights.

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