Market Size of Canada Animal Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.79 % |
| Fastest Growing Market | Supplements |
| Largest Market | Personal Care and Cosmetics |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Animal Protein Market Analysis
The Canada animal protein market was valued at USD 258.7 million for the current year and is projected to register a CAGR of 3.79% over the next five years.
- The animal protein market is majorly driven by the increasing demand for animal proteins from the food and beverages, cosmetics, and personal care sectors. Animal proteins are increasingly being adopted in the country owing to the growing awareness about the health advantages associated with animal proteins, such as whey protein, egg protein, and others. Moreover, the increasing demand for animal protein products in supplements and animal feed is further propelling the market growth.
- With the growing number of health-conscious consumers seeking high-protein, high-nutritional-value supplements, the market is expected to grow. Animal-based proteins offer numerous health benefits that are backed by scientific evidence and accepted by government food regulators such as the Food and Drug Administration (FDA).
- The increasing number of health issues among consumers due to a lack of healthy nutrients is expected to drive market growth. Consumption of high-protein products is the leading trend among consumers and has contributed to the expansion of the animal protein market. As the population is increasingly interested in sports and fitness, the need for animal protein products will continue to grow.
