According to the report by Expert Market Research (EMR), the global feed protein market size was approximately USD 66.64 billion in 2023. Aided by the increasing environmental concerns and the increasing use of sustainable alternatives, the market is projected to grow at a CAGR of 8.4% between 2024 and 2032 to attain a value of nearly USD 137.35 billion by 2032.
Feed protein is an essential component of animal nutrition, providing the necessary amino acids for the growth, reproduction, and overall health of livestock, poultry, and aquaculture species. It plays a crucial role in the productivity and efficiency of animal farming, directly impacting meat, milk, egg, and fish production. The global feed protein market encompasses various protein sources, including plant-based, animal-based, and alternative proteins, each with unique benefits and applications.
The market, a crucial segment of the animal nutrition industry, is witnessing substantial growth, driven by the rising demand for high-quality animal protein, advancements in feed technology, and increasing awareness about animal health and productivity.
Get a Free Sample Report with Table of Contents:
https://www.expertmarketresearch.com/reports/feed-protein-market/requestsample
Sustainability has emerged as a pivotal trend in the feed protein market, driven by growing environmental concerns and stringent regulatory frameworks. The livestock industry is under increasing pressure to reduce its environmental footprint, prompting feed manufacturers to develop sustainable and eco-friendly protein sources. Traditional protein sources like soybean meal and fishmeal are being scrutinised for their environmental impact, leading to the exploration of alternative proteins such as insect meal, algae, and single-cell proteins.
Insect meal, derived from insects like black soldier flies, offers a sustainable alternative due to its high protein content and minimal environmental footprint. Algae, both microalgae and macroalgae, are being explored for their rich nutrient profile and rapid growth rates, making them a viable and sustainable protein source. Single-cell proteins, produced from microorganisms such as bacteria, yeast, and fungi, are gaining traction for their potential to provide high-quality protein with low land and water usage.
Read Full Report with Table of Contents:
https://www.expertmarketresearch.com/reports/feed-protein-market
Additionally, the adoption of circular economy principles is influencing the feed protein market. By-products from other industries, such as food and biofuel production, are being repurposed as feed ingredients, reducing waste and promoting resource efficiency. These sustainable practices not only address environmental concerns but also align with the increasing consumer demand for ethically produced animal products.
The global feed protein market exhibits significant regional variations, influenced by factors, such as dietary habits, livestock production systems, and economic development. The Asia Pacific dominates the market, driven by the rapidly expanding livestock and aquaculture sectors in countries like China, India, and Vietnam. The region’s growing population and rising disposable incomes are fuelling the demand for animal protein.
China, the largest producer and consumer of feed protein in the Asia Pacific, is experiencing robust market growth due to its massive livestock market. The country’s focus on improving animal productivity and health through advanced feed solutions is driving the demand for high-quality feed proteins. India’s burgeoning dairy and poultry sectors are also contributing to the market growth, supported by government initiatives aimed at enhancing livestock productivity and farmer incomes.
In North America and Europe, the feed protein market is characterised by a strong focus on sustainability and innovation. The demand for organic and non-GMO feed proteins is rising, reflecting consumer preferences for natural and sustainably produced animal products. The adoption of advanced feed technologies and precision nutrition strategies is also prevalent in these regions, aimed at optimising animal health and performance while minimising environmental impact.
Latin America is emerging as a key market for feed proteins, driven by the region’s expanding livestock and aquaculture industries. Brazil and Argentina, major exporters of animal protein, are investing in high-quality feed solutions to enhance their competitive edge in the global market. The Middle East and Africa, while currently smaller markets present significant growth opportunities due to the increasing demand for animal protein and the development of modern livestock production systems.
Technological advancements are playing a crucial role in transforming the feed protein market. The integration of biotechnology, precision fermentation, and genetic engineering is revolutionising feed protein production, offering innovative solutions to meet the growing demand for high-quality and sustainable protein sources.
Biotechnology is enabling the development of novel protein sources, such as algae and single-cell proteins, through controlled fermentation processes. Precision fermentation, which involves the use of specific microorganisms to produce targeted proteins, is gaining traction for its ability to create high-quality proteins with minimal environmental impact. Genetic engineering is also being explored to enhance the nutritional profile and production efficiency of traditional protein sources like soybeans and canola.
Market Segmentation
The global feed protein market can be divided based on type, source, application, and region.
Market Breakup by Type
- Concentrate
- Isolate
Market Breakup by Source
- Animal Based
- Soy
- Cereals
- Rapeseed
- Pulses
- Pea
- Others
Market Breakup by Application
- Pet Food
- Swine
- Poultry
- Aquatic
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global feed protein market. Some of the major players explored in the report by Expert Market Research are as follows:
- Roquette Frères
- Kerry Group plc
- AGRANA Beteiligungs-AG
- Royal Avebe
- Ingredion Corporation
- CropEnergies AG
- EW Nutrition
- Emsland Group
- Nuproxa Switzerland Ltd.
- Schils BV
- AMINOLA BV
- Others
Media Contact:
Company Name: Claight Corporation
Contact Person: Emily Jacks, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website:www.expertmarketresearch.com
