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Protein Market for animal feed application size worth above US$ 437 billion by 2030

  • Published Date: July 11, 2022

According to a new research report by Global Market Insights Inc., the Protein Market for Animal Feed Application size is estimated to surpass USD 437 billion by 2030. Animal Feed Protein Ingredients industry size is expected to cross USD 355 Billion in 2030 at over 6.5% CAGR from 2022 to 2030.
 

Protein is a structural and integral part of animal feed as it serves as an important factor in the growth, body function, and disease resistance among farm animals. Increased investment in agriculture due to increased government efforts to support agribusiness has boosted the animal protein market worldwide. In addition, increasing the demand for livestock to meet the growing demand for meat and meat products will create the need for animal feed proteins and supplements. The continued growth of the livestock industry and transformation provide important opportunities for agricultural development, increased food security poverty reduction, and improved human nutrition.
 

Animal feed protein sources are divided into three categories which are plant-based, animal, and alternative protein components. Alternative proteins are those produced in areas other than animals, such as plants and insects. The importance of protein in food products is based on the role of amino acids in the animal digestive tract after digestion.
 

The outbreak of COVID-19 epidemic has had a bad impact on the protein market for animal feed livestock market. operational disruptions in the supply chain have created a major challenge as demand is reduced due to low purchasing power and willingness to buy. Further, the sales on the premises of supermarkets and grocery stores witness a decline due to the closure of the facilities followed by the closure of the stores, as people continued to follow social media and avoid gathering and going out.
 

The rapid increase in the demand for dietary protein in livestock feed

According to market insights reports, animal protein is a prominent product in the industry and is set to observe over 4.5% CAGR from 2022 to 2030. The animal-based protein for animal feed refers to protein from whey, casein, egg, and fish in animal feed. Animal protein supplements and fats have long been utilized by the feed compounding industry, primarily for their protein (amino acid) content, mineral content such as calcium and phosphorus, and others.
 

High nutritional value and excellent functional attributes such as improved emulsification, gelling, foaming, and thickening properties make them suitable for animal feed application. They also consist of amino acids which promote enzyme and hormone secretion necessary for normal body function. The rising demand for high-quality and nutrient-enriched feed in poultry, swine, cattle, and aquaculture segments is a key growth driver for animal protein feed ingredients.
 

“As per industry forecasts, animal protein is slated to witness a substantial growth of USD 36 billion at the end of 2030 owing to its increasing usage in aquaculture applications”

Browse key industry insights spread across 1750 pages with 2752 market data tables & 88 figures & charts from the report, ‘’Protein Market for Animal Feed Application Size by Product (Plant Protein, Animal Protein, Alternative Protein), By Livestock (Poultry, Swine, Cattle, Aquaculture, Petfood, Equine) Industry Analysis Report, Regional Outlook, Livestock Potential, Price Trend, Competitive Market Share & Forecast, 2022 – 2030’’ in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/global-protein-market-for-animal-feed-application
 

The rapid increase in consumption of swine livestock owing to the high demand for swine probiotics

Swine livestock is an important part of the market and is set to register over 4.5% CAGR during the forecast period. Swine meat production is a growing market that can offer animal welfare, environmental benefits, and premium prices to swine producers. The escalated demand for organic pork is expected to promote the demand for organic swine feed. Several autonomies given to organic pork products such as the addition of synthetic minerals and vitamins in the swine diet and consent to the use of non-genetically modified vaccines in swine feed production are expected to anticipate business growth.
 

Further, the growing e-commerce industry and the increasing influx of social media are driving the growth of the pork market. The distribution of pork products has been expanded through a variety of mainstream channels, such as supermarkets, grocery stores, specialty stores, and convenience stores.
 

“As per industry forecasts, the animal protein for swine is projected to witness a substantial growth of USD 9.5 billion at the end of 2030 on account of its increasing usage in swine feed additives and supplements”
 

Rising prevalence of livestock concerns and demand for premium meat quality in Europe will propel market demand

Europe will see significant growth in the protein market for animal feed application with a gains of more than USD 110 billion in 2030. Growing concerns about outbreaks of livestock diseases due to overcrowding of livestock and farms have turned to focus on meat safety and meat preservation which may further advance the regional industry's vision. Veterinarians adopt high-protein foods to boost the immune system and overall health, which is expected to result in the need for animal feed supplements.
 

The protein market for animal feed company is fragmented in nature with increasing competition from regional manufacturers. Major industry players include Hamlet Protein A/S, E.I. Du Pont Nemours and Company, Archer Daniels Midland Company, Nordic Soy Oy, Deep Branch Biotechnology, CHS Inc, Agriprotein Gmbh, Darling Ingredients, Innovafeed, and Ynsect. The key strategies observed among the industry participants include new acquisitions, new product development, and expansion.
 

Authors: Kunal Ahuja, Tushar Malkani

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