February 16, 2022 07:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.

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DUBAI, United Arab Emirates, Feb. 16, 2022 (GLOBE NEWSWIRE) -- The global animal-based pet protein market is set register 4.4% CAGR over the forecast period (2022-2032) and top a valuation of US$ 117.8 Bn by 2032, finds Future Market Insights.

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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Low Fat Butter Market: Low fat butter contains stanols and plant sterols which actively block the absorption of cholesterol, making low fat butter much healthier alternative to regular butter.

Flax Protein Market: Global flax protein market has gained a huge momentum over the historical years on the back increasing demand for functional food source and healthy diets.

Polydextrose Ingredients Market: Polydextrose is a low calorie, low glycemic and sugar free carbohydrate that has varieties of functional properties which includes high water solubility, prebiotic properties, and decreases total cholesterol levels in blood serum.

Concentrated Whey Market: The extraction of concentrated whey protein is different than isolated whey protein, when processed, 80% of content is made up of the slower-digesting casein proteins & remaining 20% of the protein in milk is whey.

Whole Milk Powder Market: Whole milk powder (WMP) is procured through spray drying and evaporation processes, by removal of water from pasteurized, homogenized whole milk.

Anise Extract Market: The plant is widely cultivated and its extract is used to flavour drinks such as hot chocolate or coffee and also used in baked goods. 

Vegetable Shortening Market: Rising demand for low calorie food products is expected to create business opportunities for vegetable shortening market players.

Vegan Sauces Market: Over the past decade, many variants of vegan and plant based products such as burgers, nuggets, and many more were launched.

Seitan Powder Market: Seitan Powder comprises of hydrated gluten, high amount of proteins and minerals and low carbohydrates and fat content which makes it a nutritious food.

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