Alternative Protein Market for Animal Feed By Product (Insect Protein, Soy protein Concentrate, Soy protein Isolate, Fermented Soy Protein, Duckweed, Single Cell Protein [Grain Protein, Fungal Protein, Algae Protein, Yeast Protein, Others], Hamlet Protein, Others), By Livestock (Poultry [Broiler, Layer, Turkey, Others], Swine [Starter, Grower, Sow], Cattle [Dairy, Calf, Others], Aquaculture [Salmon, Trouts, Shrimps, Carp, Others], Pet food, Equine, Others) Industry Analysis Report, Regional Outlook Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Nov 2020  |  Report ID: GMI4861  |  Authors: Kunal Ahuja, Harneet Mehar

Report Format: PDF   |   Pages: 440   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Alternative protein market for animal feed size exceeded USD 2.5 billion in 2019 and is expected to register over 7% CAGR between 2020 and 2026. Growing feed additives demand owing to rising livestock production across the globe will fuel alternative protein industry for animal feed growth.
 

Alternative protein market

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Animal feed additives demand is rising due to mounting livestock production globally to facilitate food demand is expected to boost the market. Alternative proteins are mainly used in animal feed in order to enhance the nutritional properties of animal feed products which attributes to increase animal productivity which in turn drives product demand. The global animal feed additives market is estimated to reach over USD 50.88 billion by 2027.
 

The increasing strategic collaborations, acquisitions, and joint ventures between major companies in the animal nutrition industry is also attributing to the growth of alternative protein market for animal feed. For instance, in December 2019, IFF and DuPont made an agreement of the merger of IFF and DuPont’s Nutrition & Biosciences business in a Reverse Morris transaction. The total value of the deal was estimated at USD 45.4 billion where DuPont shareholders ownership was 55.4% and the rest 44.6% was IFF’s.
 

This initiative enhanced DuPont’s existing product offerings and attributed to new market opportunities in the near future. Furthermore, Darlington Ingredients acquired 100% ownership of insect-based protein company Enviroflight in January 2020 in order to boost its existing product portfolio. Moreover, rising research & development work by key manufacturers is also expected to fuel market growth of alternative protein for animal feed.
 

The sudden outbreak of Covid-19 pandemic has led to the increase in prices of sugarcane molasses. Lockdown and travel restrictions have resulted in shortage of critical inputs such as lime, sulphur, and packaging materials which has attributed to the rising prices of fungal and yeast proteins. The disruption in the global supply chain has negatively impacted the alternative protein market for animal feed demand. Manufacturing plants have remained shut down for a longer period of time which has also adversely affected the market trends. 
 

Alternative Protein Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 2,711.70 Million (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 7.5% 2026 Value Projection: 4,484.26 Million (USD)
Pages: 440 Tables, Charts & Figures: 514
Geographies covered (5): North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Segments covered: Product, Livestock
Companies covered (23): Hamlet Protein A/S, Archer Daniel Midland Group, DuPont De Nemours, Nordic Soya, Deep Branch Biotechnology, CHS Inc, Agriprotein Gmbh, Darlington Ingredients, Innovafeed, Ynsect, Angel Yeast, Calysta Inc, Lallemand Inc, Ab Mauri, Titan Biotech Company, Crescent Biotech, Sojaprotein, Cargill Incorporated, The Scoular Company, Nutraferma llc, Evershining Ingredients Company, CJ Selecta, Imcopa Food Ingredients B.V.
Growth Drivers:
  • Europe: Growing industrial livestock production will drive the alternative protein for animal feed market.
  • Asia Pacific: Rising meat consumption and growing demand for high quality protein to drive the alternative protein for animal feed market.
  • Latin America: Rising beef exports from the region will drive the alternative protein for animal feed market.
Pitfalls & Challenges:
  • Stringent government regulations

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Presence of essential nutrients along with high feed conversion rate is expected to boost insect protein demand for animal feed

Alternative protein from Animal feed revenue

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Alternative protein market for animal feed segmented on the basis of product type includes insect protein, soybean isolate, soybean concentrate, fermented soy protein, duckweed, single cell protein, hamlet protein, and others. Insect based proteins accounted for a revenue of USD 66.82 million in 2019 and is expected to grow at a rate of 10.7% during the forecast period.
 

Insect proteins have a high feed conversion rate and consist of essential amino acids, B12, iron, zinc, magnesium, sodium, potassium, and calcium which are required for optimum animal health. Moreover, insect farming is a very sustainable process and is eco-friendly since it produces less methane gas. The above-mentioned factors are driving the insect protein market which in turn is attributing to the market growth of alternative protein for animal feed.
 

Increasing disposable income & rising prevalence of pet adoption expected to drive pet food based alternative protein market for animal feed

Alternative Protein for Animal feed revenue

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The alternative protein market for animal feed segmented on the basis of livestock includes poultry, swine, cattle, aquaculture, pet food, equine, and others. The pet food market size for alternative proteins for animal feed was estimated at USD 84.78 million in 2019 and is expected to register over 7.1% CAGR during the forecast period. Increasing prevalence of pet adoption, rising disposable income, and changing perceptions towards diet are expected to boost the demand for pet foods.
 

Pet owners are gradually shifting from traditional food items cooked at home to high-quality packaged pet food. Alternative proteins are widely used in the manufacturing of various pet food preparations owing to their numerous health benefits. Moreover, alternative proteins aid in improving digestive systems and immune systems of pets such as dogs and cats without any allergic reactions. The above-mentioned factors are responsible for the driving of the alternative protein market for animal feed for pet food during the forecast period.
 

High growth in animal feed industry is expected to drive the alternative protein industry for animal feed in Asia Pacific

Asia Pacific Alternative Protein for Animal Feed market

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Asia Pacific alternative protein market for animal feed was estimated at USD 1211.01 million in 2019 and is expected to grow at a rate of 8.5% CAGR during the forecast period. Factors such as high resource availability, inexpensive labor and ambient environmental conditions are attributing for exponential growth rate in animal feed industry. Major animal feed producers and consumer nations of aquafeed in aquaculture include China, Vietnam, Philippines, Thailand and India.
 

China alone dominates the global market, the U.S being a major importer from them. Hence, high growth of animal feed industry in Asia pacific region is expected to fuel the demand of alternative proteins for animal feed during the forecast period.
 

Additionally, increasing meat & meat product consumption in countries such as China, India, Malaysia, and Thailand owing to livestock production coupled with easy availability of meat products because of robust distribution channels is another major factor attributing to the market growth of alternative proteins for animal feed in the region. For instance, the poultry meat consumption in India was estimated to be over 2500 tons and is expected to exceed 3000 tons by 2026.
 

Strategic expansions and new product development among key players to accelerate market competition

The key players operating in the global alternative protein market for animal feed include Hamlet Protein A/S, Archer Daniel Midland Group, DuPont De Nemours, Nordic Soya, Deep Branch Biotechnology, CHS Inc, Agriprotein, Darlington Ingredients, Innovafeed, Ynsect, Angel Yeast, Calysta Inc, Lallemand Inc, AB Mauri, Titan Biotech, Sojaprotein, Crescent Biotech, Scoular Company, Cargill Incorporated, Nutraferma LLC, CJ Selecta, Evershining Ingredients Company, and Imcopa Food Ingredients BV. The market has witnessed several collaborations in the form of mergers, acquisitions and joint ventures along with increased spending in R&D for new product development.
 

In April 2018, Meat processor HK Scan announced that Faba Beans produced by Nordic Soya can replace soybean meal completely as a poultry feed. This is expected to add a new dimension to Nordic Soya’s existing product portfolio and open up new markets for its business expansion.
 

In October 2020, Deep Branch Biotech secured a funding of €2.5 million from the European Innovation Council (EIC) to scale up the process of sustainable generation of protein. This funding will be utilized in building a new facility in Netherlands-based Brightlands Chemelot Campus.
 

Global alternative protein market for animal feed research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons, and revenue in USD Million from 2015 to 2026 for the following segments:

By product:

  • Insect protein
  • Soyprotein concentrate
  • Soyprotein isolate
  • Fermented soy protein
  • Duckweed
  • Single cell protein 
  • Grain protein
  • Fungal protein
  • Yeast protein
  • Algae protein
  • Others 
  • Hamlet protein

By livestock:

  • Poultry 
  • Broiler
  • Layer
  • Turkey
  • Others 
  • Swine 
  • Starter
  • Grower
  • Sow 
  • Cattle 
  • Dairy
  • Calf
  • Others 
  • Aquaculture 
  • Salmon
  • Trouts
  • Shrimps
  • Carp
  • Others 
  • Pet food
  • Equine
  • Others

The above information has been provided for the following countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Netherlands
    • Belgium
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa 

 

Frequently Asked Questions (FAQ) :

The global alternative protein industry for animal feed was more than $2.5 billion in 2019.
Alternative protein business for animal feed is expected to record more than 7% CAGR through 2026 owing to the rapidly increasing demand for feed additives due to the increasing livestock production across the world.
The COVID-19 pandemic has led to the upsurge in prices of sugarcane molasses and the lockdown and travel restrictions have resulted in shortage of critical inputs that have adversely impacted the alternative protein market for animal feed demand.
APAC alternative protein market size for animal feed was valued at $1211.01 million in 2019 and is projected to grow at a rate of more than 8.5% CAGR over the forecast time period due to ambient environmental conditions, low-cost labor, and high availability of resources.

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Premium Report Details

  • Published Date: Nov 2020
  • Pages: 440
  • Tables: 484
  • Charts / Figures: 30
  • Companies covered: 23
  • Countries covered: 5

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