Beef Protein Powder Market Size, Share, Growth, and Industry Analysis, By Type (Organic Beef Protein Powder & Conventional Beef Protein Powder), By Application (Food Processing, Beverages, Dietary Supplements, Nutraceuticals & Lab Testing) and Regional Forecast to 2032

BEEF PROTEIN POWDER MARKET REPORT OVERVIEW

The global Beef Protein Powder Market Size was USD 600.2 million in 2023 and the market is projected to touch USD 864.5  million by 2032, exhibiting a CAGR of 3.4% during the forecast period.

The global demand for beef protein powder is on the rise because of the growing consumer trend towards animal-based protein boosters, particularly for muscle mass and health. Beef protein also comes from a beef source and is popular because it has a good content of amino acids, is easily digested, and is well known for muscle gains. Some of the industries that use its products include food processing industries, breweries, firms dealing with dietary supplements and other nutraceuticals, and the demand driven by health-conscious people and athletes. The market is segmented into organic and conventional depending on the consumers’ preferences of natural and cheaper sources of proteins.

COVID-19 Impact: Market Growth During Pandemic Due to fitness trends

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The outbreaks of COVID-19 helped the beef protein powder market sit right due to the increase in health and fitness consciousness leading to the need for better protein supplements. As people preferred indoor workouts with shutdowns of gyms, they had to rely on other sources of lean body mass supplements like beef protein powder. This led to a tremendous improvement in the online sales of products and product development during COVID-19. The market experienced expansion given that individuals’ focus shifted toward strengthening the immune system, recovering muscles, and leading healthier lifestyles.

LATEST TRENDS

"The market is growing with clean-label, organic trends"

Latest trends rising within the beef protein powder market are the shift towards clean-label and organic products, as consumers’ preferences have shifted to natural labels in their supplements. One trend identified is the availability of grass-fed beef protein powders that fits with the trend of consumers seeking healthy food products, which are derived from the cattle that have been fed on fresh grass. Also, there is an emergence of new flavors and new packaging design, which is convenient for people’s active way of life. This focus on sustainability and quality is creating changes in the mode of consumers in the market.

SEGMENTATION

By Type

Based on type the market can be categorized into Organic Beef Protein Powder & Conventional Beef Protein Powder.

• Organic Beef Protein Powder: The organic segment is on beef protein powder derived from untreated cattle, such as those that have not been exposed to synthetic pesticides, antibiotics, or hormones. This demand is a result of consumers’ interests in natural, healthy, and organic protein that has no negative effect on the environment. This is especially true if one is a fitness freak or belongs to an organic eating regime category.
• Conventional Beef Protein Powder: A traditional beef protein powder is made from normal cattle fed on traditional farming practices, which involve use of chemical fertilizers, pesticides, antibiotics among others. These are also likely to be cheaper and more easily accessible than the other segment since they are produced in a larger number and meant for the majority of the customers. It still remains dominant in the market because it is cheap coup and is accepted by the broad market.

By Application

Based on application the market can be categorized into Food Processing, Beverages, Dietary Supplements, Nutraceuticals & Lab Testing.

• Food Processing: In food processing, beef protein powder is utilized as a fortifier to increase the protein content in food products like protein bars, snacks, shakes, or meal replacements. It makes it an excellent supplier of amino acids and, at the same time, is associated with functional characteristics such as sensory traits and texture. This application is premised on the increasing market trends of products rich in protein content.
• Beverages: In the beverage industry, beef protein concentrate is included in protein beverages and protein drinks, including protein shakes, athletic drinks, and meal supplement products. Several consumers may find it an easy solution when they need a fast way of getting some proteins. The expansion of the health beverages’ category is the key factor that is driving the demand in this segment.
• Dietary Supplements: Beef protein powder is a widely used product in food supplements meant for the development of muscle mass and loss of excess weight as well as boosting general health. This appeals to the ever-active consumers seeking protein sources that are of high quality. This segment has a high demand since people are embracing a healthy lifestyle, notable through fitness and wellness centers.
• Nutraceuticals: The nutraceuticals segment utilizes beef protein powder in products that can be used to feed patients or to be sold in weight loss stores. Beef protein powder containing nutraceuticals has targeted health uses to include muscle buildup as well as improved bone health. This has occurred due to the growing interest in functional foods, which derives growth in this area.
• Lab Testing: Beef protein powder is required in laboratory investigations or in the standardization of reactions containing protein substances. It assists in research that targets protein content, protein quality, as well as protein functionality. This segment will help one to maintain the quality and explore new resources in the food and supplement industries.

DRIVING FACTORS

"Market growth is driven by demand for lean beef protein supplements"

The modern trends of caring for the body, exercising, and paying attention to muscles require lean and pure sources of proteins, such as beef protein powder. Muscle recovery, strength and general well-being are drivers because of rising consumer demand for supplements. This trend is further encouraged by fitness regimes and other exercises that can be done at home.

"Market growth is driven by demand for natural, organic beef protein"

People are going for natural and organic beef protein powders with no artificial ingredients, hormones, and pesticides. This is due to the increasing demand for more natural and sustainable products that are affordable and have been produced without causing harm to the environment. This trend is especially prevalent among the groups of buyers who pay special attention to their health and the environment.

RESTRAINING FACTOR

"Market growth is hindered by high production costs and sustainability concerns"

A major threat in the Beef Protein Powder Market Growth is the cost of production especially for organic and grass-fed beef protein powder. This leads to much higher prices that makes it a less appealing option for frugal consumers than whey or plant-based proteins. However, environmental issues concerning sustainability of beef production might also be a factor, as consumers become more conscious of the environment.

BEEF PROTEIN POWDER MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America's market growth is driven by health-conscious, high-protein demand"

North America holds the leading Beef Protein Powder Market Share due to the factors related to health consciousness primarily, and the obsession with high protein supplements. The consumption of supplements is high and the market in the region is well developed due to the key consumers’ choice of quality muscle building products. Also, crucial market participants and extensive distribution networks across multiple retail and online channels enhance North America’s dominant market position. Another trend that is also evident in the choice between clean-label and organic products is the increase in health awareness in the region.

KEY INDUSTRY PLAYERS

"Market growth is driven by new products, distribution improvements, and partnerships"

The main strategies by the key players observed for the beef protein powder market development include new product launches with organic and grass-fed beef protein powder, and improvement of the distribution network. Marketing approaches of the competitive brands and products are keen on quality, sustainability, and specific health attributes that resonate with the fitness and health-conscious population. Other developments such as strategic partnership/ collaboration are also increasing brand awareness and market coverage.

List of Market Players Profiled

• Neogen Food Safety (U.S)
• Thermo Fisher Scientific (U.S)
• Bio Basic (U.S)
• Griffith Foods International (U.S)
• JBS Global (Brazil)

INDUSTRIAL DEVELOPMENT

August 5, 2024: Vital Proteins launched their new Vital Proteins Beef Protein Powder. This new product features a high-quality, hydrolyzed beef protein isolate designed for improved digestibility and absorption. It aims to offer a protein supplement alternative to those seeking animal-based sources for muscle recovery and overall health. The beef protein powder is marketed as free from additives and fillers, catering to consumers looking for a pure and effective protein supplement.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Beef Protein Powder Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.