Home > Food, Nutrition & Animal Feed > Animal Feed Protein Ingredients Market

Animal Feed Protein Ingredients Market Size By Product (Oilseed Meals [Soymeal, Rapeseed/Canola Meal, Sunflower Meal, Copra Palm Meal, Cottonseed Meal], Fishmeal, Animal By-product Meals), By Livestock & Forecast, 2023-2032

  • Report ID: GMI2604
  • Published Date: Jan 2023
  • Report Format: PDF

Industry Drivers

Animal Feed Protein Ingredients Market size surpassed USD 234 billion in 2022 and is estimated to expand at 5.5% CAGR from 2023 to 2032, driven by the increasing industrial livestock production.

Animal Feed Protein Ingredients Market

To get more details on this report: Request Free Sample PDF

Expanding population and rapid urbanization are accelerating migration, resulting in a strong demand for quality animal-derived food products, such as meat, milk, and eggs, which is expected to boost livestock agriculture. Furthermore, several EU Member States, such as Spain, Italy, and Denmark, are particularly specialized in livestock husbandry. Notably, in Europe, there were 142 million pigs, 76 million bovine animals, and 71 million sheep and goats in 2021.

Strict feed regulation compliances may hamper industry development

The increased consumption of meat and meat products has resulted in the implementation of severe regulatory requirements to maintain animal and human safety, resulting in stringent regulatory compliances for producers and distributors, which is negatively impacting the animal feed protein ingredients market. However, as governments recognize the importance of the livestock and poultry industries in maximizing farming incomes, they are stepping in to help by reducing compliance with these laws and establishing several favorable policies.

Rising preference for plant-based protein feed to fuel oilseeds segment growth

Animal Feed Protein Ingredients Market Estimates & Forecasts, By Product

To get more details on this report: Request Free Sample PDF

By product, the animal feed protein ingredients market from the oilseed meals segment is projected to reach USD 475 billion in revenue by 2032, impelled by rising customer preference for plant-based protein ingredients. Moreover, businesses are taking efforts to commercialize in the thriving market and attract new customers, which is set to accelerate the industry growth. For instance, in April 2022, food company Bunge collaborated with startup CoverCress Inc. ("CCI") to launch a novel renewable oilseed & animal feed crop that is ideal as a lower carbon intensity feedstock to address the mounting biofuel demand.

Surging focus on reducing import dependence to impel soymeal segment expansion

Under oilseed meals, the animal feed protein ingredients market from soymeal sub-segment is slated to depict over 9.5% CAGR through 2032, backed by the growing inclination towards genetically modified (GM) crops due to high yields and improved quality for livestock and fish feeds. In May 2022, the Indian government approved the import of around 0.55 million tons of GM soymeal. Furthermore, as soybean harvesting is concentrated in some regions, particularly those with uncertain weather conditions, key countries such as China are focusing on improving their domestic yields to reduce their reliance on imports.

Government policies to improve animal healthcare to complement the Asia Pacific industry growth

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The global market of animal feed protein ingredients was valued at over USD 234 billion in 2022 and is set to record robust growth at more than 5.5% CAGR through 2032 owing to the increasing industrial livestock production.

The poultry segment is poised to grow significantly at over 9.5% CAGR from 2023 to 2032 driven by the rising demand for poultry meat globally.

The market for animal feed protein ingredients in Asia Pacific is projected to exceed a valuation of USD 228 billion by the end of 2032 resulting from the surging demand for animal meat by the escalating regional population.

Some of the major enterprises operating in the industry are Nutraferma LLC, CJ Selecta, Green Labs LLC, GRF Ingredients, Janatha Fish Meal & Oil Products, Alltech, Vetbiochem Group, Nutrifish, Fenchem, Sotexpro, ATA Foods, and Haarslev Processing Technology, among others.

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 702
  • Countries covered: 19
  • Pages: 550
Inquiry Before Buying

Budget constraints? Get in touch with us for special pricing

Request Discount