Animal Feed Protein Market Size, by Product (Plant Protein, Animal Protein, Alternative Protein) and Livestock (Poultry, Swine, Cattle, Aquaculture, Petfood, Equine) & Global Forecast, 2022-2032

Animal Feed Protein Market Size

Animal Feed Protein Market size was valued at over USD 290 billion in 2022 and is poised to depict a 3.5% CAGR through 2023-2032, growing consumption of meat and meat products globally & rising livestock production is likely to drive the industry growth.
 

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Notably, appropriate protein supplementation in animal feed has been demonstrated to provide a number of health benefits, including a lower risk of liver and cardiovascular problems, the avoidance of cholestasis, and increased digestive health and immunity. These product benefits are likely to add to the market growth in the upcoming years.
 

Stringent feed regulatory compliances to hinder market growth

Prominent regulatory bodies, such as the U.S. Food and Drug Administration (FDA) are responsible for protecting animal feed to ensure that it's safe for billions of animals in the region, including turkeys, chickens, cows, sheep, pigs, fish, cats, dogs, and horses.  The high standards of feed protocols laid out by these organizations are likely to refrain the industry development to some extent.
 

Animal Feed Protein Market Analysis

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Animal Feed protein market from animal protein segment is expected to be worth over USD 375 billion by 2032. Animal protein meals are a great source of amino acids which boost the nutritive value of livestock. Moreover, these feeds help in improving immunity, performance, and productivity of animals. It covers whey protein, casein, egg protein, fish protein, and protein obtained from animal-by-products. Increased meat consumption, owing to the widespread availability of diverse meat products and effective distribution channels such as retail stores and supermarkets, is expected to drive increased demand for animal protein for feed applications.
 

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Animal feed Protein market from cattle segment is expected to reach over USD 75 billion by 2032. Cattle are bovine farm animals raised for their milk, meat, hides and for draft purposes. The rising consumer health consciousness has influenced meat and dairy product consumption as a source of various key nutrients, which has positively impacted the demand for animal feed. Soybean-based feed products are the most extensive source of protein for cattle, as they account for more than 70% of the protein richness in the feed. With nutritive dairy demand and rising cattle rearing, the cattle industry showcases significant potential for market expansion.
 

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Europe animal feed protein market will showcase more than 3% CAGR through 2032. One of the key forces accelerating the industry forecast is the recent approval of insect-based protein for aquaculture by EU for manufacturers complying with hygiene and safety standards. Microalgae enrich animal feed with nutrients for the early stages of livestock development. They also encourage physical growth while ensuring the production of high-quality milk, eggs, and meat. In addition, rising disposable income, and change in consumer preference for ready-to-eat foods should boost the regional aquaculture industry forward.
 

Animal Feed Protein Market Share

• Hamlet Protein A/S
• E.I. DuPont De Nemours and company
• Archer Daniels Midland Company
• Innovafeed
• Ynsect
• Nordic Soy Oy
• CHS Inc.
• Agriprotein Gmbh
• Darling Ingredient
• Angel Yeast
• Calysta Inc.
• Lallemand Inc.
• AB Mauri
• Titan Biotech Limted Company
• Sojaprotein
• The Scoular Copmany
• Cargill Inc.
• Nutraferma LLC
• Evershining Ingredients
• Imcopa Food Ingredients B.V.
• CJ Selecta
• Crescent Biotech
• Deep Branch Biotechnology
• Unibio Group
• Kerry Group

form the competitive sphere of the industry.
 

COVID-19 Impact

Due to unknown changes in the supply chain during the COVID-19 pandemic, businesses are making efforts to secure and sustain their supply networks. In order to ensure that their products are distributed effectively throughout all regions, they also enter into supply chain agreements with dealers and distributors. Over the course of the forecast period, market competition is expected to worsen as manufacturers attempt to use a variety of methods to obtain a competitive edge and boost their profit margins.
 

The Animal Feed Protein Market 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 2018 to 2032 for the following segments:

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By Product

• Plant Protein
• Animal Protein
• Alternative Protein

By Livestock

• Poultry
• Swine
• Cattle
• Aquaculture
• Petfood
• Equine

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

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