Protein Market for Animal Feed Application size is estimated to surpass USD 375 billion by 2027, according to a new research report by Global Market Insights Inc.
Proteins are the building block and essential part of the animal diet as they serve as the essential elements in their growth performance, body functioning, and disease-fighting capability among farm animals. Increased agriculture investment owing to increased government attempts to support agricultural enterprises has boosted the market for animal protein globally. Further, the increased livestock demand to cater to the growing meat and meat products demand will instigate demand for animal feed proteins and additives. The livestock sector's continued growth and transformation provide significant prospects for agricultural development, poverty reduction, increased food security, and enhanced human nutrition.
Sources of animal feed are divided into three categories namely the plant-based, animal-based, and alternative protein components. Proteins for animal feed are those generated from sources other than animals, such as plants and insects. Protein's significance in feed products is based on the roles that its constituent amino acids perform when consumed by animals in the intestine after digestion. Providing the right number of amino acids to feed can lower the risk of cardiovascular disease, avoid cholestasis, and liver problems, as well as have neuromodulation, antioxidant activity, and intestinal health and immunological benefits. Besides, high feed conversion efficiency of insects make insect rearing a viable and environmentally friendly alternative compared to plants and animal protein sources.
Animal protein from protein market for animal feed application is forecast to witness a substantial CAGR of over 4% through 2027 owing to its increasing demand for dietary protein in livestock feed
Animal protein segment is poised to reach over USD 30 Billion by 2027. Animal proteins for feed applications majorly include whey, casein, egg, fish, and others. Fish accounts for a substantial share owing to the presence of vital amino acids which are essential for animal health have enhanced their adoption in feed products. Fish feeds typically contain relatively high levels of protein supplied in part by animal protein supplements. Fish wastes are also being explored as a possible protein source for animal feed. Fish waste includes proteins that can be utilized in the production of animal supplements.
Animal by-products may account for significant gains owing to increasing application potential in fish feed along with the approved functionality of PAPs for aquafeed. These products are gaining importance in pig diets owing to easy digestibility, it restricts enzymes production in piglets around the weaning period and does not contain antinutritional factors. Easy availability in high amounts along with low feed cost will fuel the animal by-product protein demand in livestock diets.
Browse key industry insights spread across 980 pages with 1335 market data tables & 80 figures & charts from the report, “Protein Market for Animal Feed Application Statistics By Product (Plant Protein, Animal Protein, Alternative Protein, Animal Feed Protein Ingredients), Application (Poultry, Swine, Cattle, Aquaculture, Petfood, Equine), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Protein industry for animal feed application from cattle segment should grow at a CAGR over 4% by 2027 pertaining to rising demand for beef and veal meat
Cattle segment of protein market for animal feed application exceeded USD 70 Billion in 2020. Protein is a critical nutrient in beef cattle diets. Providing adequate protein in cattle diets is important for animal health, milk and meat productivity. Increasing cattle population in the world supported by demand for red meat and dairy products will propel the segment expansion. This has influenced cattle farmers to utilize highly nutritious animal feed for improving productivity and growth, thus propelling cattle feed protein demand.
Growing prevalence of livestock diseases and demand for high quality meat quality in Europe should propel product demand
European protein market for animal feed application is projected to surpass USD 95 Billion by 2027. Growing concerns regarding livestock disease outbreaks owing to high concentration of animals and farms has turned focus towards meat safety and maintaining meat quality which is likely to drive regional industry outlook. Livestock producers are adopting high protein diets for boosting animal immune system and overall health, which is anticipated to trigger the demand for animal feed additives.
Major industry players in the protein market for animal feed application include Hamlet Protein A/S, E.I. Du Pont De 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 includes new product development, expansion, merger, acquisition, and collaboration.