The global monoprotein market share is set to witness growth at a CAGR of 3.0% and top a valuation of US$ 4.3 Bn by 2032. Demand for monoprotein is likely to increase as pet owners need to deal with pet’s intolerance to a particular type of food protein, it is difficult to get away from the undesired components for customers.
The sales of monoprotein are projected to rise as it is a single protein-sourced product. It is a solution guaranteeing the uniqueness and purity of pet food products with fundamental nutrients, necessary for pet health. As a result, these factors are likely to increase the monoprotein market share during the forecast year from 2022 to 2032.
Along with that, nowadays products labelled with salmon-based food or chicken-based food contains numerous harmful chemicals and preservatives. Furthermore, to avoid such products people are opting for monoprotein, which is boosting the monoprotein market growth during the forecast period.
The adoption of monoprotein is anticipated to recover the gap in the pet food market where a certain type of food protein is necessary to build immunity and muscle mass for pet’s allergy.
There are many variants like pork, chicken, salmon, and others available as a protein source to those products. As a result, the sales of monoprotein are anticipated to rise. These factors are anticipated to boost the monoprotein market trends & forecast during the forecast period.
Sample Copy of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15070
Key Takeaways from Market Study
- The monoprotein market analysis is worth US$ 3.2 Bn sales in 2022.
- The monoprotein market share is expected to expand at a CAGR of 3.0% through 2032.
- Global monoprotein demand is projected to grow year-on-year (Y-o-Y) growth of 2.7% in 2022.
- The monoprotein market statistics are growing with a notable boost towards the production to reach US$ 4.3 Bn by 2032.
- High product demand from the pet food industry, and tasty and convenient product forms are the factors driving the monoprotein market growth.
- These factors are some of the influencing factors among consumers, which is driving sales of monoprotein across global markets.
- Demand for monoprotein grew at 2.4% CAGR between 2017 and 2021.
- Monge SPA, Purina PetCare (Nestlé S.A.), Brit Mono Protein (Vafo Praha s.r.o.), Country Farms, and Stuzzy Monoprotein (Agras Delic S.P.A.) are expected to be the top players in the industry.
- Monoprotein market key trends & opportunities rise along with the dog as pet type, adult pet life-stage, flavored monoprotein, raw packaging type, and online retail sales channel are in heavy demand from pet food industry carrying a notable market share.
“A single source of protein for pets with guaranteed tolerability among the animals with food intolerance or allergies is the principle behind monoprotein products. The products come without any added preservatives, or artificial colorants or flavorings, to ensure that there is no chance of harm to the pets and the pet get complete nutrition as well from the product, driving the market growth,” – Future Market Insights Analyst.
Competitive Landscape
Key monoprotein brands are conducting several types of research and looking for new strategic partnerships, while key business brands are focusing on developing applications in the food industry to generate high-quality food and beverage solutions.
The top players are focusing on new formulations and product innovations to gain monoprotein market growth and attract more customers to the product.
- In 2020, Monge launched the top-quality and natural super-premium product BWild, which is a Low Grain or Grain Free monoprotein, and launched to fulfil the demand for innovative products in the field of the pet food industry, which also supports the dietary needs of pets.
For More Information or Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-15070
Monoprotein Market by Category
By Pet Type:
- Dog
- Cat
- Others
By Pet Life-stage:
- Adult
- Kitten/ Puppy
- Others
By Flavor:
- Unflavoured
- Flavoured
By Packaging Type:
- Raw
- Powdered
- Dry & Dehydrated
- Liquid & Gravy
- Canned
- Frozen & Freeze-Dried
- Others
By Sales Channel:
- Hypermarkets /Supermarkets
- Convenience Stores
- Discount Stores
- Online Retail
- Others Retail Formats
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Frequently Asked Questions
- What is the Growth Outlook for the Monoprotein Market?
- What is the Projected Rate of Monoprotein Market by 2032?
- What is the Historical Outlook for Monoprotein Market?
- What is the Future Outlook for Monoprotein Market by 2032?
- Who are the Key Players Operating in the Market?
- What are the Key Factors Affecting the Monoprotein Market Growth?
How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!
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.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports