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(HomeGarden247.com, May 03, 2023 ) As per Maximize Market research, the Processed Animal Protein Market was USD 12.50 Bn in 2022 and is expected to grow at a CAGR of 3 percent over the forecast period to reach USD 15.83 Bn by 2029.
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Processed Animal Protein Market Report Scope and Research Methodology
The report includes an in-depth region-wise and segment-wise analysis of the Processed Animal Protein Market size and share. The data for the report is gathered by using both the research methodologies that are primary and secondary and the data collected through research was combined for accurate inference for the Processed Animal Protein Market.
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Processed Animal Protein Market Dynamics
The processed Animal Protein Market is driven by the increasing animal waste, rising meat consumption, adoption of new technology for the production of animal feeds, and growing adoption of pets. Over the forecast period, the market growth is expected to be hampered by stringent regulatory measures.
Processed Animal Protein Market Regional Insights
In 2022, North America dominated the Processed Animal Protein Market with a 40 percent market share and is expected to witness significant growth at a CAGR of 3 percent over the forecast period. The regional market is driven by the growing adoption of pets and increasing demand for nutrition products among pet owners.
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Processed Animal Protein Market Segmentation
Processed Animal Protein Market Key Competitors include:
Leo Group ltd.
West Coast Reduction
BOYER VALLEY COMPANY,LLC
Ridley Corporation Limited
Tyson Food, Inc
JBS USA Holdings Inc.
Cargill Meat Solutions Corp.
Smithfield Foods Inc.
Hormel Foods Corp.
National Beef Packing Co. LLC
Perdue Farms Inc.
OSI Group LLC
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Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:
Animal Protein Ingredients Market- The market size is expected to reach USD 79.39 Bn by 2029 at a CAGR of 5.6 percent during the forecast period.
Plasma Powder Market- The Market size is expected to reach USD 4 Bn by 2029 at a CAGR of 4.8 percent during the forecast period.
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