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Animal Feed Alternative Protein Market 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), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI4861
  • Published Date: Nov 2022
  • Report Format: PDF

Industry Overview

Animal Feed Alternative Protein Market size was valued at more than USD 4 billion in 2022 and is poised to depict a 7% CAGR through 2023-2032. This can be credited to the rise in disposable income and poultry meat consumption in Asian countries such as China.
 

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Poultry sector continues to play a vital role in improving the food security status of consumers. In emerging nations, the consumption of poultry meat has been growing. For example, in China, poultry meat intake surpassed 22.5 million tons in 2022. These factors will provide lucrative growth opportunities for the producers of poultry feed alternative proteins. In addition, dietary preferences have changed due to rapid urbanization and increasing disposable income, fueling the consumption of poultry. This, in turn, will drive greater demand for highly digestible protein-rich diets devoid of anti-nutritional factors worldwide.
 

The introduction of strict regulatory norms pertaining to animal feed may, however, create a hindrance to the alternative protein industry outlook. The Federal Food, Drug, and Cosmetic Act, for instance, introduced regulations to ensure animal feeds are produced under sanitary conditions, truthfully labeled, and contain no harmful substances. The need to maintain strict regulatory compliance may also assert a negative impact on the industry outlook to some extent. Despite these setbacks, the inclination toward sustainable products will boost the popularity of animal feed alternative protein sources including plant-based proteins.
 

Cost-effective insect protein to gain popularity for animal feed applications

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Animal feed insect protein market value will record over 10% CAGR through 2022-2032. The strong demand for cost-effective and nutritious protein ingredients is a prominent reason driving increased product adoption. Insects require less breeding space, making them suitable animal feed alternative protein sources. They can also be fed on organic waste and help lower greenhouse gas emissions from the livestock sector. Furthermore, the rising awareness about enhanced amino acid and protein profiles offered by insect protein will promote their consumption as nutritional feed additives.
 

Stringent regulatory standards for animal products drive cattle feed alternative protein use

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The industry share from the cattle livestock segment is projected to surpass USD 2 billion by 2032, due to the extensive availability of byproducts in the oil milling industry. This factor will proliferate the use of oilseed meals as cattle feed. Additionally, strict regulations to prohibit the incorporation of animal proteins in feed have been introduced, mainly to reduce the incidence of bovine spongiform encephalopathy. Initiatives such as these will bolster the production of cattle feed alternative proteins.
 

Cattle livestock segment is further segregated into dairy, calf, and others. The animal feed alternative protein market share from the dairy segment is set to exhibit over 7% CAGR through 2032. The adoption of sustainable breeding strategies among dairy cattle farmers is among the major growth drivers.
 

Rising meat intake to augment alternative proteins demand for animal nutrition in Europe

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Europe animal feed alternative protein market value is expected to cross USD 1.5 billion by 2032. The high emphasis of livestock farmers on enhancing the overall performance and health of animals will stimulate the utilization of alternative protein in feed formulations. Agricultural production and meat consumption are also growing in the region.
 

Strategic partnerships among industry players to define the competitive landscape

ADM, CJ Selecta, Calysta Inc., CHS Inc., Hamlet Protein A/S, Titan Biotech Ltd., E.I. Du Pont De Nemours And Company, Deep ranch Biotechnology, Agriprotein GmbH, InnovaFeed, Angel Yeast, AB Mauri, Crescent Biotech, The Scoular Company, and Imcopa Food Ingredients B.V. are some of the key participants in the animal feed alternative protein market. These firms are focusing on business and product range expansions and other strategies to boost their presence in the industry.
 

For instance, in February 2022, aquafeed insect producer InnovaFeedinked a partnership deal with ADM, a food ingredient provider, to expand its insect-for-pet food business. This partnership followed the introduction of the U.S. regulation allowing the adoption of black soldier flies in foods for dogs, pioneering the commercialization of quality insect ingredients in the U.S. market. This initiative will enable the company to develop a strong footprint in the global market.
 

Impact of COVID-19 pandemic on alternative protein market for animal feed application

Since the onset of the COVID-19 pandemic, farmers across the globe witnessed the impact of the crisis on food purchases, income generation, and access to inputs. However, government bodies have been providing financial support to ranchers and farmers to help stabilize the food supply.
 

The animal feed alternative protein market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD Million from 2018 to 2032 for the following segments:

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

The above information is provided on a regional and country basis for the following:

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

Frequently Asked Questions (FAQ) :

The alternative protein market for animal feed application was more than USD 4 billion in 2022 and is poised to depict a 7% CAGR through 2023-2032, given the rise in poultry meat consumption.
The animal feed insect protein market share is set to record over 10% CAGR through 2032, due to the strong demand for cost-effective and nutritious protein ingredients.
Europe animal feed alternative protein industry value is slated to cross USD 1.5 billion by 2032, owing to the rising agricultural production and meat consumption.
ADM, CJ Selecta, Calysta Inc., E.I. InnovaFeed, Angel Yeast, AB Mauri, Crescent Biotech, The Scoular Company, and Imcopa Food Ingredients B.V. are some of the key participants in the animal feed alternative protein market.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 23
  • Tables & Figures: 562
  • Countries covered: 20
  • Pages: 415
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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