Animal Feed Protein Ingredients Market size to exceed $280bn by 2027
Published Date: August 17, 2021 Authors: Kunal Ahuja, Sonal Singh
Animal Feed Protein Ingredients market size is set to surpass USD 280 billion by 2027, according to a new research report by Global Market Insights Inc.
Protein plays a vital role to repair the wear & tear of the body, and it also helps in weight gain and health improvement. Rapid globalization and changing dietary preferences toward meat & processed meat consumption are expected to drive industry growth. Increasing protein intake on a regular basis by health-conscious consumers along with high malnutrition conditions mainly in children has increased the consumption of meat-based products in their diets. Busy & hectic lifestyle has also forced consumers to switch toward ready-to-eat processed meat products.
Increasing influence of balancing nutrients in animal feed is propelling the overall market share
Animal feed protein ingredients market from fishmeal segment surpassed USD 30 billion in 2020. Fish meal is a primary nutrient-rich ingredient used in diets of domestic animals, which is generally made from small marine fishes containing oil and bones at high percentage. The addition of fish meal to animal diets increases feed efficacy and growth along with enhancing feed palatability, digestion, nutrient uptake, and absorption. Growing influence on balancing nutrients in diet by using minimum fish meal to meet specific amino acid requirements for fast growth, reproduction, and to reduce feed costs will drive global the production of fish meal, stimulating industry expansion.
Browse key industry insights spread across 530 pages with 568 market data tables and 93 figures & charts from the report, “Animal Feed Protein Ingredients Market Forecasts by Product (Oilseed Meals [Soymeal, Rapeseed/Canola Meal, Sunflower Meal, Copra Palm Meal, Cottonseed Meal], Fishmeal, Animal By-product Meals [Meat & Bone Meal, Feather Meal, Blood Meal, Poultry Meal, Meat Meal]) By Livestock (Poultry [Broiler, Layer, Turkey], Swine [Starter, Grower, Sow], Cattle [Dairy, Calf], Aquaculture [Salmon, Trouts, Shrimps, Carp, Yellow Catfish, Snakehead, Seabass, Pomfret, Herring, Eel, Turtle and Crab], Pet Food, Equine), Regional Outlook, Industry Analysis Report, Price Trend, Competitive Market Share & Forecast, 2021– 2027” in detail along with the table of contents:
Increasing demand for high nutrition feed for cattle among farm owners will stimulate the animal feed protein ingredients industry statistics
Animal feed protein ingredients market from cattle livestock is expected to exceed USD 60 billion by 2027. Protein is a critical nutrient in beef cattle diets; thus, cattle feed expenses hold a major share of expenses in beef cattle operations. Lower intake of protein can inculcate deficiencies, such as lowered appetite, poor growth, weight loss, depressed reproductive performance, and reduced milk production, thus, leading to monetary loss for farm owners; thus, including an adequate amount of protein in beef cattle diets is important for animal health and productivity as well as ranch profitability. The requirement of cattle protein varies during different stages of production, by the size of animal as well as expected performance.
Rising demand for organic & clean label products is expected to drive the market share
North America animal feed protein ingredients market is expected to exceed USD 55 billion by 2027. Growing investments in R&D for product innovations in this sector accompanied with positive outlook toward industrial livestock business will contribute to regional industry outlook. The presence of various food chains and fast service restaurants coupled with changing consumer dietary habits has led to a rise in meat and meat products consumption in this region. The surging demand for high-quality meat products to meet increasing canned & frozen food consumption is likely to favor regional industry size.
The animal feed protein ingredients market is competitive and comprises various companies such as Dupont, Alltech, CHS, ADM, Burcon Nutrascience Corporation, Catalysta, Hamlet Proteins, DSM, CropEnergies AG, BRF, Titan Biotech, Sojaprotein, A Constantino, GRF ingredients, Evershining ingredients Company, Imcopa Food Ingredients B.V, Sojaprotein and Green Labs LLC., and CJ Cheiljedang Corporation. Manufacturers are adopting strategies, such as mergers & acquisitions and partnerships, to strengthen the overall product portfolio, expand regional presence, and gain competitive advantage.