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Canada Animal Feed Additives Market Share and Size, Revenue, Growth Drivers, Rising Trends, Challenges, Opportunities and Competitive Analysis Till 2024-2033: SPER Market Research

admin March 5, 2024 Agriculture, Business, News

Feed additives are goods that are mixed into animal feed to improve both the nutritional content and the overall quality of the feed. These additions are high in probiotics, fatty acids, enzymes, vitamins, minerals, and amino acids, among other nutrients.

According to SPER market research, ‘Canada Feed Additives Market Size- By Type, By Form, By Livestock, By Source – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Canada Feed Additives Market is predicted to reach USD 1.43 Billion by 2033 with a CAGR of 4.5%.

A primary driver of the feed additives market growth in Canada is the increasing use of natural feed additives, including but not limited to bacteriocins, prebiotics, organic acids, and phytogenic chemicals. These additions are in line with the increasing customer preference for organic and natural ingredients in animal feed since they are less harmful to the environment than synthetic additives.

Probiotics, enzymes, and antioxidants are examples of functional feed additives that are becoming more and more popular in the Canadian market since they improve animal condition overall by promoting muscular growth, enhancing gastrointestinal health, and boosting the immune system.

Another significant development supporting the demand for feed additives in the Canadian market is the rise in demand for seafood items like prawns. The growing consciousness among consumers about the elevated protein content of seafood is anticipated to drive up demand for aquaculture feed additives as well as aquaculture food.

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CHALLENGES:

Strict restrictions: To guarantee the safety and quality of feed additives, Canada’s feed additives market is subject to strict restrictions. For producers, adhering to these standards can be difficult and could raise production costs.

Price volatility for raw materials: The price of raw materials, including as vitamins, minerals, and amino acids, that are used to make feed additives, might fluctuate. The profitability of feed additive manufacturers can be impacted by fluctuations in the price of raw materials.

Farmers’ Low Awareness Even with feed additives’ advantages, farmers still don’t fully understand how to use them or reap their full benefits. Feed additive usage and market expansion may be impeded by a lack of knowledge.

COVID Impact: The market for feed additives in Canada was affected by the Covid-19 outbreak in a variety of ways. Although the first lockout measures caused brief disruptions in feed additive availability due to disruptions in the supply chain and logistics, the overall impact has been largely beneficial. The epidemic brought attention to the significance of resilient agricultural systems and food security. The need for feed additives has increased as a result of a greater emphasis on the productivity, health, and welfare of animals.

Additionally, some of the market key players are Alltech, Inc., Archer Daniels Midland Co., BASF SE, Cargill Inc., SHV (Nutreco NV), Solvay S.A., Others.

Canada Feed Additives Market Segmentation:

By Type: Based on the Type, Canada Feed Additives Market is segmented as; Acidifiers, Amino Acids, Antibiotics, Enzymes, Flavours and Sweeteners, Minerals, Probiotics, Vitamins, Others.

By Form: Based on the Form, Canada Feed Additives Market is segmented as; Dry, Liquid.

By Livestock: Based on the Livestock, Canada Feed Additives Market is segmented as; Aquatic Animals, Poultry, Ruminants, Swine, Others.

By Source: Based on the Source, Canada Feed Additives Market is segmented as; Natural, Synthetic.

By Region: This research also includes data for Alberta, Atlantic Canada, British Columbia, Central Canada, Northern Canada, The Prairies, Others.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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Canada Feed Additives Market Future Outlook

Integrated Pest Management (IPM) Pheromones Market Size- By Type, By Usage, By Pest Usage, By Function, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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Animal Based Protein Supplements Market Growth 2023- Share, Upcoming Trends, Revenue, Demand, Business Challenges, Opportunities and Forecast and Analysis 2032: SPER Market Research

admin September 5, 2023 Business, Consumer Goods

Animal-based protein supplements are crafted from substances like collagen, milk, and eggs sourced from animals. They are considered a high-quality protein source due to their classification as complete proteins, containing all the essential amino acids. These supplements are favoured for their neutral flavour and ease of blending. They are available in multiple product categories, such as dietary supplements, protein powders, protein bars, ready-to-drink products, and others.

According to SPER market research, ‘Animal Based Protein Supplements Market Size- By Raw Material, By Product, By Application, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Animal Based Protein Supplements Market is predicted to reach USD 30.47 billion by 2032 with a CAGR of 7.63%.

The animal-based protein supplement market is set to expand due to an increasing number of health-conscious consumers globally. This heightened health awareness has led to a greater understanding of the necessity of meeting daily protein requirements for overall well-being. Consequently, there’s a growing preference for animal-based protein supplements to meet these needs, supported by robust scientific research and recognized by government food regulatory agencies such as the FDA. Additionally, rising health issues due to inadequate nutrient intake are expected to fuel market growth, further boosted by the ongoing consumer trend towards high-protein products, especially among the fitness-focused demographic.

However, significant challenges persist in the animal-based protein supplements sector. To begin, ethical and environmental concerns surrounding animal-derived products have led to a surge in interest in plant-based alternatives. As a result, manufacturers are compelled to innovate and produce sustainable plant-based protein supplements, posing a strong competitive threat to traditional animal-based options. Furthermore, this industry faces the demanding task of strict adherence to stringent regulations and quality control standards to ensure product safety and efficacy, a complex obstacle for both established enterprises and newcomers. Additionally, the animal-based protein supplements market is fiercely competitive, with numerous companies competing for market share. Success is contingent on substantial investments in research and development to create unique, tailored products aligned with evolving consumer preferences. Effective strategic marketing and branding efforts are also essential for differentiation in this crowded marketplace.

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COVID-19 Impact on Global Animal Based Protein Supplements Market

The COVID-19 pandemic heightened consumer awareness of the link between wellness and reduced mortality risk, promoting interest in preventive healthcare. Lockdowns shuttered gyms, impacting protein supplement sales, but whey protein saw a surge upon lockdown easing due to its immune system support. The animal-based protein supplement market is set to grow as health-conscious consumers increasingly recognize the importance of meeting their daily protein needs.

Animal Based Protein Supplements Market Key Players:

Geographically, North America dominated the revenue, driven by strong consumer awareness of animal-based supplement protein content and a focus on healthy lifestyles. E-commerce is popular for supplement sales, further bolstering the region’s market share. Europe has high consumption due to nutrition-exercise awareness, disposable income, and available raw materials. In Asia Pacific, changing lifestyles, urbanization, and dietary preferences are increasing demand for nutritious foods, especially as cardiovascular diseases and weight management programs rise. Increased physical activity and protein-energy supplement consumption, along with nutrition and ingredient innovations, are expected to drive regional growth. Additionally, some of the market key players are Abbott Laboratories, AMCO Proteins, BPI Sports LLC, International Dehydrated Foods Inc., Now Foods, including others.

Animal Based Protein Supplements Market Segmentation:

By Raw Material (Whey, Casein, Egg, Fish, Other Raw Materials),

By Product (Protein Powder, Protein Bars, Ready-To-Drink, Other Product Types),

By Application (Pharmaceuticals and Nutraceuticals, Food and Beverages, Infant Formulations Cosmetics and Personal Care, Animal Feed, Dietary Supplements),

By Distribution Channels (Supermarkets and Hypermarkets, Online Stores, Chemists or Drugstores, Specialty stores, Other Distribution Channel).

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Animal Based Protein Supplements Market Growth

Anti-Aging Cosmetics Market Size- By Product, By End User, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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Animal Based Protein Supplements Market Trends, Size, Industry Share, Future Outlook, Global Report, Forecast 2022-2032: SPER Market Research

admin December 24, 2022 Business, Consumer Goods, News

According to SPER Market Research, Sales of these products by companies, people, and partnerships make up the market for dietary supplements with animal protein. These products provide the body’s daily protein needs while also promoting muscle synthesis and the development of lean muscle mass. Animal products including collagen, milk, and eggs are used to make animal-based protein supplements. Since animal-based protein supplements are thought to be a complete protein and include all the essential amino acids, they are considered to be a superior source of protein. They are easier to combine and have a more neutral flavor. The demand for animal-based protein supplements is expected to increase as consumers become more health aware. People are more conscious of reaching their daily protein needs and the significance of protein in bodily function as a result of an increase in people concentrating on their health and nutrition internationally in recent years. As more people use animal-based protein supplements to meet their daily protein needs, the demand for these products is increasing.

Animal Based Protein Supplements Market Overview:

Forecast CAGR (2022-2032): 7.63%
Forecast Market Size (2032): 30.47 billion

As a result of the COVID-19 epidemic, consumers learned more about how wellness and good health may lower the chance of mortality. The epidemic raised consumers’ interest in preventative healthcare. However, the use of lockdowns caused gyms and other exercise centers to close all over the world, which had an effect on the sales of protein supplements. However, because whey protein is a comprehensive supply of protein for sustaining general health, the market for whey protein supplements quickly expanded with the easing of lockup rules. Additionally, it draws customers by providing all the amino acids needed to sustain the immune system’s cell structure. But because whey protein is a full source of protein for sustaining general health, the demand for supplements has significantly surged since lockdown rules were relaxed. Additionally, it provides every important amino acid that is necessary for sustaining the immune system’s cell structure, drawing in consumers.

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The Global Animal Based Protein Supplements Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; AMCO Proteins, Cyto Sports Inc, Quest Nutrition, Wood bolt Distribution LLC, Abbott Laboratories, BPI Sports LLC, Dymatize Enterprises LLC, Glanbia plc, International Dehydrated Foods Inc, Iovate Health Sciences International Inc, Jym Supplement Science, Muscle Pharm Corporation, Now Foods.

SPER Market Research study aims to provide market dynamics, demand, and supply with a yearly forecast for 2032. This report provides data for growth estimates and forecasts for product type segment – By Raw Material (Whey, Casein, Egg, Fish, Other Raw Materials), By Product (Protein Powder, Protein Bars, Ready-To-Drink, Other Product Types), By Application ( Pharmaceuticals and Nutraceuticals, Food and Beverages, Infant Formulations Cosmetics and Personal Care, Animal Feed, Dietary Supplements), By Distribution Channels (Supermarkets and Hypermarkets, Online Stores, Chemists or Drugstores, Specialty stores, Other Distribution Channel).

This report also provides data for key regional segments of North America, Europe, Asia-Pacific, and the Rest of the World.

This study also encompasses various market drivers and restraining factors for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link: –

Animal Based Protein Supplements Market Report

Massage Oil Market Size- By Product Type, By Application, By Price Point, By End User, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

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