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Animal Feed Protein Market Size
- Report ID: GMI5166
- Published Date: Dec 2022
- Report Format: PDF
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
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Animal Feed Protein Market Size in 2022: | USD 290.50 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 3.5% |
| 2032 Value Projection: | USD 420.50 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 1,600 |
| Tables, Charts & Figures: | 2,840 |
| Segments covered: | Product, Livestock |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Animal Feed Protein Market Scope
