Animal Feed Protein Ingredients Market Size

Animal Feed Protein Ingredients Market Size

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.

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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.