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Animal Feed Protein Market Size, by Product (Plant Protein, Animal Protein, Alternative Protein) and Livestock (Poultry, Swine, Cattle, Aquaculture, Petfood, Equine), COVID-19 Impact Outlook, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2032

  • Report ID: GMI5166
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Statistics

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.
 

Increased demand for meat products to drive animal protein uptake

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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.
 

Rising dairy needs to propel protein feed adoption for cattle

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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.
 

Europe aquaculture protein market for animal feed application to see considerable momentum

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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.
 

Competitive landscape of global animal feed protein market

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 Ingredients, 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 and Kerry Group form the competitive sphere of the industry.
 

Impact of the COVID-19 outbreak on the global protein market for animal feed application

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:

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

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market for animal feed protein size for was valued at over USD 290 billion in 2022 and is poised to depict a 3.5% CAGR through 2023-2032, owing to key factors such as growing consumption of meat products and rising livestock production.
As a great source of amino acids, which boost the nutritive value of livestock, the animal protein segment is expected to be worth over USD 375 billion by 2032.
Europe animal feed protein industry will showcase over 3% CAGR through 2032, driven by the thriving aquaculture growth in the region.
Hamlet Protein A/S, E.I. DuPont De Nemours and company, CHS Inc., Nordic Soy Oy, Archer Daniels Midland Company, Deep Branch Biotechnology, Agriprotein Gmbh, Darling Ingredients, Ynsect, Angel Yeast, Calysta Inc., Lallemand Inc., Titan Biotech Limted Company, Innovafeed, Sojaprotein, Crescent Biotech, Imcopa Food Ingredients B.V., CJ Selecta, Unibio Group and Kerry Group form the competitive sphere of the industry.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 26
  • Tables & Figures: 2840
  • Countries covered: 21
  • Pages: 1600
  • 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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