Alternative Protein Market for Animal Feed Application Size By Product (Insect Protein, Soy Protein Isolates, Soy Protein Concentrates, Fermented Soy Protein, Duckweed Protein, Single Cell Protein {Algae Protein, Grain Protein, Fungal Protein, Yeast Protein}, Hamlet Protein) By Livestock (Poultry [Broiler, Layer, Turkey, Others], Swine [Starter, Grower, Sow], Cattle [Dairy, Calf, Others], Aquaculture [Salmon, Trout’s, Shrimps, Carp, Others], Pet Food, Equine), Industry Analysis Report, Regional Outlook, Covid-19 Impact Analysis, Application Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Oct 2021  |  Report ID: GMI4861  |  Authors: Kunal Ahuja, Sarita bayas

Report Format: PDF   |   Pages: 420   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Alternative protein market for animal feed application size surpassed USD 2.85 billion in 2020 and is likely to grow at a CAGR of over 7.5% from 2021 to 2027. Significant demand for protein rich feed product for animals, will contribute towards the market expansion.
 

Alternative protein market for animal feed application

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Protein plays a vital role in maintaining key body functions in animals which includes weight gain, growth performance and improving overall health. These proteins are categorized in plant, animal and insect-derived protein ingredients. Alternative proteins for animal feed are derived from sources other than animal-based sources and includes plants & insects. Plant and insect-based proteins are considered as sustainable source of proteins and provide several advantages over their animal-based counterparts. For instance, insects including wasps, ants, bees, true bugs, beetles, dragonflies, crickets, mopane caterpillars and termites have twice the content of proteins than various animal-based sources. Protein ingredients also aid in strengthening the immune system of fish and young animals, thereby reducing their susceptibility to infections and diseases. Thus, these aforementioned factors should boost the alternative protein market for animal feed application.
 

Growing demand for hogs and increasing demand for healthy food products is accelerating market from swine segment

Swine segment by livestock includes starter, grower, sow, and other animals, anticipated to show significant demand of grow over USD 1 billion by 2027. Alternative protein is a mixture of amino acid; thus, it has massive demand in animal feed industry. As, amino acid improves the immune system and nutrient efficiency without compromising on the performance. Furthermore, swine feed needs complex biochemical activities, which majorly depends on the diet composition. This has led to an increase in the demand for alternative protein in swine feed. Additionally, alternative proteins are widely used as feeds for swine owing to their high nutritional value to produce meat, which also offers high nutritional taste along with rich concentration of amino acids. Therefore, high utilization of different alternative of protein led to fuel its demand over the coming years.
 

Growing demand for hogs and increasing demand for healthy food products & higher shelf stable food products will bolster the growth of alternative protein market for animal feed application. Alternative proteins are a mixture of amino acids, play a vital role in swine health as they improve the immune system and nutrient efficiency without compromising performance. In Europe, swine farming is majorly concentered in a handful number of countries including Denmark, the Netherlands, Germany, Spain, and France.
 

Intensifying demand for protein-rich foods is likely to boost market from Single cell-based product

Single cell based alternative protein market for animal feed application is expected register around 6.5% CAGR through 2027. Single cell based alternative proteins include algae protein, grain protein, fungal protein, and yeast protein. The biomass or protein extract from pure or mixed cultures of algae, yeasts, fungi, or bacteria may be used as an ingredient or a substitute for protein-rich foods and is suitable for human consumption or as animal feeds. Where animals consume protein as a source of nitrogen and essential amino acids, from which they build new structural and functional like enzymes and hormones proteins that enable them to survive. Increasing consumer awareness towards the animal health is one of the significant reasons that fueling the demand for alternative protein industry for animal feed application.
 

High content of proteins, vitamins, minerals are likely to boost insect protein market growth

Global Insect Protein market for animal feed application

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The global insect protein market for animal feed application was valued at over USD 70 million in 2020. Insect protein-based animal feed products are likely to gain traction over the forecast period owing to the high content of proteins, vitamins, minerals, and fiber in insects which is comparable to that of its animal-based counterparts. Moreover, the ease in raw material availability with a surge in insect farming practices, the unique, low-investment, profitable and environmentally sustainable nature of the process with low greenhouse gas emissions and increasing count of edible insect processing companies or manufacturers is expected to raise product demand from animal feed.
 

Growing awareness regarding livestock health will stimulate market growth from poultry segment

Global Alternative Protein Market for Animal Feed application from poultry livestock

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The global alternative protein market for animal feed application from poultry livestock is likely to surpass USD 2 billion by 2027. Proteins have major significance in poultry diets. It helps in growth and synthesis of the body tissues of chicken. It also plays a vital role in weight gain and physiology, which ultimately improves performance and profitability in livestock sector. Growing awareness regarding the importance of proper nutrients for optimum maintenance and growth of poultry animals in an attempt to meet the continuously increasing demand for poultry products such as eggs and chicken meat is supporting market statistics.
 

Increasing demand for poultry products is also to encourage poultry farmers to choose poultry feed products with maximum nutrient availability rather than only meeting energy demand of the poultry animals, which is expected to raise demand for alternative proteins for manufacturing animal feed products and propel market share over the forecast period.
 

Increasing pet adoption rate will stimulate alternative protein market for animal feed application in North America

North America Alternative Protein Market for Animal Feed application

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North America alternative protein market for animal feed application size is expected to exceed USD 755 million by 2027, owing to massive investments in the market for various R&D systems and facilities, which will in turn drive the regional market expansion. The North American market is driven by the growth in the pet food industry and increased consumer awareness of pet health. Major companies are investing in new product launches for local & international markets.
 

 Significant expansion in the U.S. pet population should drive the alternative protein market for animal feed application at a rapid pace in forthcoming years. In addition, Mexico is also one of the largest feed producing countries across the globe and led high demand of alternative proteins. An increase in domestic consumption, the advent of new technologies, and the inclusion of healthy ingredients in animal feed are the key factors influencing the regional market statistics.
 

Innovative product offering and constant research & development activities to be key business strategies incorporated by major market players

The alternative protein market for animal feed application includes key players such as I. Du Pont De Nemours And Company, Archer Daniels Midland Company, CHS Inc., Darlington ingredients, and Angel Yeast. Major market players cater their products to a wide range of livestock, which include poultry, swine, cattle, aquaculture; thus, in order to strengthen their market position, manufacturers are engaged in several activities, which include product development & innovations, mergers, and acquisitions.
 

For instance, In June 2020, Innovafeed presented its first insect-fed poultry. This initiative minimizes the company’s dependence on imported vegetable oils and the carbon impact of animal husbandry, since insect oil has 80% lower impact than imported soybean oil.
 

In June 2019, AB Mauri and Wilmar International announced 50:50 joint venture (JV) in China. Through this JV, the company will establish a new yeast plant in China, enhancing sales & distribution across the country.
 

The alternative protein market for animal feed application research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Kilo Tons) and revenue in USD (Million) from 2016 to 2027 for the following segments:

By Product

  • Insect Protein
  • Soy Protein Isolates
  • Soy Protein Concentrates
  • Fermented Soy Protein
  • Duckweed Protein
  • Single Cell Protein
    • Grain Protein
    • Fungal Protein
    • Yeast Protein
    • Algae Protein
    • Others
  • Hamlet Protein

By Livestock

  • Poultry Protein
    • Broiler
    • Layers
    • Turkey
    • Others
  • Swine
    • Starter
    • Grower
    • Sow
  • Cattle
    • Dairy
    • Calf
    • Others
  • Aquaculture
    • Salmon
    • Trout
    • Shrimps
    • Carps
    • Others
  • Pet Food
  • Equine
  • Others

The above information has been provided for the following regions:

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

 

Frequently Asked Questions (FAQ) :

Alternative protein market size for animal feed application had surpassed USD 2.85 billion in 2020 and will witness a CAGR of over 7.5% through 2027 with the rising demand for protein rich feed for animals.
Single cell based alternative protein industry for animal feed application will witness a CAGR of 6.5% through 2027 owing to high protein content that enhances the survival rate of animals.
Alternative protein market for animal feed application will record a valuation of USD 2 billion from poultry livestock by 2027 as the product enables the growth and synthesis of body tissues of chicken.
The overall market size from insects was valued at over USD 70 million in 2020 owing to increasing product demand due to high content of proteins, vitamins, minerals, and fiber in insects.

Premium Report Details

  • Published Date: Oct 2021
  • Pages: 420
  • Tables: 510
  • Charts / Figures: 53
  • Companies covered: 23
  • Countries covered: 5

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