Animal Feed Protein Ingredients Market size to exceed $220bn by 2026
Published Date: February 14, 2020 Authors: Kunal Ahuja, Sonal Singh
Animal Feed Protein Ingredients Market size is set to surpass USD 220 Billion by 2026, according to a new research report by Global Market Insights, Inc.
Increased production of meat and aquatic based products coupled with R&D activities in meat processing industry has resulted in expanding high-quality meat demand. This will have a positive impact on animal feed protein ingredients industry growth. Consumer inclination towards high protein diets to meet their nutritional needs will further propel product demand.
As per market forecast, increase in livestock demand including cattle, swine, poultry, equine and aquaculture owing to rising consumption of animal derived products including milk, meat and eggs will promote the market outlook.
Rising product demand for cattle feed application will accelerate the industry demand
Protein is an essential nutrient in diets of ruminants since it supplies ammonia necessary for microbial growth. Protein deficiency include depressed reproductive performance, poor growth, weight loss, lowered appetite, and decreased milk production. Offering adequate protein in cattle diets is necessary for animal productivity and ranch profitability. Rising milk requirements owing to its high nutritional value will foster cattle feed demand thereby stimulating animal feed Protein ingredients market growth.
Cattle protein requirement vary during different stages of production, size of animal and expected performance. During lactation, cattle require higher amount of protein, it is also required for higher milk production and reconditioning retractive tract after calving, thus driving product demand. Growing cattle feed demand on account of cattle health concerns will have a positive impact on global industry trends.
Browse key industry insights spread across 530 pages with 570 market data tables and 102 figures & charts from the report, “Global Animal Feed Protein Ingredients Market Statistics By Product, Oilseed Meals [Soymeal, Rapeseed/Canola Meal, Sunflower Meal, Copra Palm Meal, Cottonseed Meal, Other Oils], Fishmeal, Animal By-Product Meals [ Meat & Bone Meal, Feather Meal, Blood Meal, Poultry Meal, Meat Meal], By Livestock (Poultry [Broiler, Layer, Turkey, Others], Swine [Starter, Grower, Sow], Cattle [Dairy, Calf, Others], Aquaculture [ Salmon, Trouts, Shrimps, Carp, Others], Pet food, Equine, Others), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Netherland, Belgium, China, India, Japan, South Korea, Malaysia, Indonesia, Brazil, Saudi Arabia, UAE, South Africa), Competitive Market Share & Forecast, 2015 – 2026” in detail along with the table of contents:
Rising utilization of animal feed protein ingredients in aqua culture may foster industry growth
“According to market analysis and trends, animal feed protein ingredients market from fish meal is expected to grow at CAGR of over 3% from 2020 to 2026.”
Rising number of individuals inclined towards non-vegetarianism and increasing consumption of fish as a major food in order to fulfil daily protein requirements will foster aquaculture livestock industry. Global fishmeal business is anticipated to grow over 8% up to 2025. It comprises of ample amount of fatty acids and is used for feeding farm animals and aquaculture. Thus, these factors should accelerate the market statistics.
The product enhances digestion, nutrient uptake, and absorption. Nutrients present in fishmeal offers resistance against diseases as it helps in maintaining a healthy functional immune system. Growing fishmeal demand for maintaining good aquatic animal health will foster animal feed protein ingredients market growth.
“As per industry forecasts, European market is anticipated to grow over 4% up to 2026 owing to growing consumption of animal derived food products”
Increasing urbanization and growing population has resulted in rising demand for quality animal derived food products including meat, milk and eggs which is likely to favor livestock industry in the region. Growing influence towards nutrition security which ensures efficient protein and calorie supply will boost livestock demand which may favor industry growth.
Key market participants in animal feed protein ingredients market are Fenchem, Sotexpro, SOPROPECHE, Nutrifish, Alltech, Proliver Bvba, SAMPI, Titan Biotech Ltd., Green Labs LLC, Calysta, Inc, Sojaprotein, Nutraferma LLC, Nutrifish, and Prinova Holdings.
As per market analysis & trends, market leaders are also implementing several strategies initiatives including new product launch, strategic mergers & acquisitions, collaorations and partnerships to gain significant market share. For example, In 2018, Cargill and ADM entered a joint venture to offer soybean oil and meal to customers in Egypt for both food and feed applications. This partnership offered an operational and commercial expertise to meet the growing regional demand.