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Animal Feed Protein Market Analysis

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

Animal Feed Protein Market Analysis

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.

Animal Feed Protein Market, By Application

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.

Animal Feed Protein Market, By Region

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.

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.

Animal Feed Protein Market Scope

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Premium Report Details

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