Grass Fed Protein Market to Reach $280.6 Mn, Globally, by 2031 at 8.7% CAGR: Allied Market Research
PORTLAND, Ore., Nov. 14, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Grass fed Protein Market by Product type (Powder, Shakes & drinks, Bars, Others), by Flavor (Chocolate, Vanilla, Others), by Distribution channel (Hypermarket/Supermarket, Online sales channel, Specialty stores): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global grass fed protein industry was estimated at $122.8 million in 2021, and is anticipated to hit $280.6 million by 2031, registering a CAGR of 8.7% from 2022 to 2031. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chain, competitive scenario, and regional landscape.
- Increase in use of grass fed protein in the pharmaceuticals and food & beverages industries drives the growth of the global grass fed protein market.
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Increase in use of grass fed protein in the pharmaceuticals and food & beverages industries drives the growth of the global grass fed protein market. - Various health supplements and nutraceutical products consisting grass fed protein which helps to build gut health were in much demand, thus impacting the global grass fed protein market positively.
- By distribution channel, the hypermarket/supermarket segment held more than two-fifths of the global grass fed market revenue in 2021, and is expected to lead the trail by 2031, due to the availability of wide variety of grass fed protein including grass fed whey protein and grass fed casein protein, which are categorized and organized in large shelves in supermarkets.