Novel Proteins Market Scope of the Report:
The worldwide market for Novel Proteins is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2025, from xx million US$ in 2019, according to a new study.
This report focuses on the Novel Proteins in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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Novel Proteins Market Segment by Manufacturers, this report covers
Rapidly Increasing Pet Population Worldwide Complements Growth of the Novel Proteins Market
The population of pets in the world has surged rapidly in the past few years, which is an important factors to influence growth prospect of the novel proteins market. According to a study published by an American nongovernmental organization – Insurance Information Institute, nearly 60.2 million households adopted dogs, 47.1 households adopted cats, and over 2.6 million adopted horses in the U.S. Another study conducted by the Japan Pet Food Association, more than 8.92 million households adopted dogs and 9.52 million adopted cats in Japan in 2017. Increasing concerns about pet health along with the speedily increasing pet population around the world is expected to create positive opportunities for players in the novel proteins market.
Rise of the Trend of ‘Pet Parenting’ Worldwide will Drive Growth of the Novel Proteins Market
With a mounting number of young-adults and the millennial population preferring to own a pet instead of having children, the trend of ‘pet parenting’ has witnessed tremendous growth. Pet health and wellness is among the biggest concerns for pet parents, which drives pet owners’ purchase-related decision, boosting sales of pet food and pet care products. Willingness of pet owners to spend hundreds of dollars per pet every year on pet health, grooming, and medical expenses to ensure their pet’s health and activity levels is expected to remain the primary driving engine for the novel proteins market in the upcoming years.
Emergence of Novel Proteins can Mitigate Environmental Impact of Poultry Productions
Increasing growth of the poultry industry is mainly attributed to the rise in demand for inexpensive supply of meat and eggs, which is mainly driven by needs for high-protein sources. Health-conscious consumers are modifying their dietary habits and increasing protein intake, primarily to accelerate weight loss, which has spurred poultry production across the world, resulting in severe environmental problems.
Increasing poultry production is mainly responsible for environmental impacts related to a variety of pollutants, including ammonia, nutrients (specifically nitrogen and phosphorus), oxygen-demanding substances, solids, pathogens, antibiotics, trace elements, hormones, pesticides, along with other airborne emissions. Growing environmental awareness about the pollution caused due to ever-growing poultry production is triggering adoption of novel proteins, thereby, complementing growth of the novel proteins market.
Even though novel proteins are more commonly used in pet food products, a mounting number of leading players in the novel proteins market are introducing novel proteins suitable for humans to mitigate environmental impacts of poultry production.
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Reasons to Purchase this Novel Proteins Market Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
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The Novel Proteins Market report has 150 tables and figures browse the report description and TOC:
Table of Contents
1 Study Coverage
1.1 Novel Proteins Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.4.1 Global Novel Proteins Market Size Growth Rate by Type
1.5 Market by Application
1.5.1 Global Novel Proteins Market Size Growth Rate by Application
2 Executive Summary
2.1 Global Novel Proteins Market Size
2.1.1 Global Novel Proteins Revenue 2014-2025
2.1.2 Global Novel Proteins Production 2014-2025
2.2 Novel Proteins Growth Rate (CAGR) 2019-2025
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
2.3.2 Key Novel Proteins Manufacturers
22.214.171.124 Novel Proteins Manufacturing Base Distribution, Headquarters
126.96.36.199 Manufacturers Novel Proteins Product Offered
188.8.131.52 Date of Manufacturers Enter into Novel Proteins Market
2.4 Key Trends for Novel Proteins Markets & Products
3 Market Size by Manufacturers
3.1 Novel Proteins Production by Manufacturers
3.1.1 Novel Proteins Production by Manufacturers
3.1.2 Novel Proteins Production Market Share by Manufacturers
3.2 Novel Proteins Revenue by Manufacturers
3.2.1 Novel Proteins Revenue by Manufacturers (2019-2025)
3.2.2 Novel Proteins Revenue Share by Manufacturers (2019-2025)
3.3 Novel Proteins Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans