Global Animal Feed Protein Ingredients Market Overview
\nAnimal Feed Protein Ingredients Market Size Was Valued at USD 231.61 Billion in 2023 and is Projected to Reach USD 411 Billion by 2032, Growing at a CAGR of 6.58% From 2024-2032
\nProteins are complex organic biomolecules that consist of amino acids which are considered as building blocks of the body. Moreover, protein plays an important role in every living organism. In animal’s proteins perform many vital activities in the form of enzymes, hormones, and antibodies. Proteins in animal feed mainly come from plant-based sources or animal-based sources. Furthermore, animal-based sources are byproducts or leftovers after an animal is rendered for its meat whereas plant-based sources are different crops that are cultivated for human consumption as well as for animal feed. The soybean crop is the most cultivated crop for animal feed protein. Nearly 70% of soybean crop production is for protein sources in animal feed. Additionally, in countries where the production of the soybean crop is not feasible rapeseed is the most cultivated crop in these countries.
\nMoreover, animal-based sources are bonemeal or meat meals but the use of animal-based protein sources is restricted in some European and Asian countries. Proteins from plant sources provide all the necessary amino acids as well as other nutrition components like fibers. Moreover, fibers play an important role in aiding digestion in the animal gut which is absent in animal-based protein sources. According to United Nations Food and Agriculture Organization (FAO), production of animal proteins is expected to grow by 1.7% every year in time span between 2010 to 2050. Meat production is expected to grow by 70%, aquaculture by 90% and dairy by 55% thus propelling the animal feed protein ingredient market growth.<\/p>\n
Market Dynamics And Factors In Animal Feed Protein Ingredients Market
\nDrivers:
\nThe growing livestock population coupled with increasing demand for nutritious animal feed is going to support the expansion of the animal feed protein ingredients market in the period of forecast. The rapid increase in consumption of animal-derived products such as milk, milk products, eggs, and meat coupled with demand for a high-quality product is going to promote animal feed protein ingredient markets growth during the forecast period. Moreover, due to intensive agricultural practices fodder used for animal feed lacks various nutrition qualities like proteins, vitamins, and minerals further, to recompensate the loss caused by animal fodder market players are launching protein-rich feed additives to provide protein-rich feed for animals.
\nPoultry products have become daily use protein sources for human nutrition in recent years. Moreover, increasing demand for eggs and broilers is further going to escalate the demand for animal feed proteins ingredients market. Furthermore, eggs and broiler meat are consumed on large scale in developing as well as in developed countries. The increase in demand for eggs and broiler meat is attributed to the easy availability and cheap prices compared to their plant-derived counterparts. Moreover, an increase in consumption of fish and fish-derived supplements is going to promote market growth during the period of forecast.
\nRestraints:
\nLack of awareness among livestock growers about the beneficial effects of proteins in animal feed is going to restrain the growth of the market during the period of forecast. Moreover, recent studies have shown that individuals who consumed red or processed meat have a higher chance of experiencing cardiovascular disorders, diseases related to kidney, liver, and in some cases skin infections and allergies thus, hampering the growth of the animal feed protein ingredients market in the period of forecast. Moreover, the growing concern towards the safety of animal-derived products and a major shift in population adopting a vegetarian diet is further going to hinder the animal feed protein ingredient markets growth during the period of forecast. Furthermore, there has been a protest against the consumption of animal meat in several countries which has substantially decreased consumption of animal-derived products.
\nOpportunities:
\nThe growing concern towards animal health and providing nutrition-rich feed is the biggest opportunity for market players. Moreover, the use of chemical fertilizers in agriculture has given rise to incompetent fodder which is deprived of certain nutrition qualities to compensate for nutrition loss livestock growers are looking for protein-rich animal feed additives thus providing opportunities for market players to introduce new animal feed products. Recently, several animal diseases outbreaks have impacted variously developed and developing economies negatively. Furthermore, to reduce the frequency of animal diseases outbreaks in the future, several governments are taking initiatives to invest in research and development programs to enhance the quality of animal feed which will strengthen immunity and promote overall performance in animals thus opening opportunities for market players.
\nChallenges:
\nHarmful effects associated with the consumption of red and processed meat like heart attacks, kidney failure, and skin infections are a vital challenge for market players as this will result in decreased consumption of animal meat. A decrease in consumption of animal meat will refrain livestock growers from purchasing animal feed protein ingredients thus hampering sales of animal feed products. Providing protein ingredients that will eliminate or reduce harmful effects related to the consumption of meat and promote overall animal growth and development.
\nMarket Segmentation
\nSegmentation Analysis of Animal Feed Protein Ingredients Market:
\nBased on Source, the animal feed protein ingredients market is segmented into two categories plant-based and animal-based. The plant-based segment is the major contributor of protein in animal feed. The soybean crop is most utilized for the production of animal feed protein ingredients, accounting for nearly 70% share in the animal feed protein ingredient market. In the animal-based segment fishmeal is the most utilized raw material for the preparation of animal feed protein ingredients.
\nBased on Livestock, cattle have the highest share in consumption of animal feed protein ingredients owing to an increase in demand for milk, milk products, and beef. Moreover, the growing production of incompetent fodder due to intensive agricultural practices has caused protein deficiencies in cattle resulting in decreased milk nutrient content and milks yield. To increase the nutrition value of milk, livestock growers are triggered to use animal feed protein ingredients. In the poultry segment to increase the nutritional value of eggs, animal feed protein is used.
\nRegional Analysis of Animal Feed Protein Ingredients Market:
\nDepending on geography, the animal feed protein ingredients market is segmented into five regions North America, Middle East, and Africa, South America, Asia-Pacific, and Europe
\nAsia-Pacific region is expected to dominate the growth of the animal feed protein ingredient market during the period of forecast. Increasing demand for milk, milk products, and meat leads to market expansion in the Asia-Pacific region. Furthermore, an increasing number of livestock and animal feed manufacturing companies in countries such as India, China, and Thailand are attributing the growth of the animal feed protein ingredients market in the period of forecast. Moreover, to support the growth of poultry farming in the Asia-pacific region governments of several countries have announced financial assistance in the form of subsidies or various schemes to poultry farmers.
\nIn the North American region countries such as the United States, Mexico, and Canada are the major importers of cattle. The United States accounted for 50% of total cattle imports in 2018. Increasing beef consumption and supporting government policies will impact a positive growth on the animal feed protein ingredients market in the North American region.
\nEurope region is expected to have a constructive growth in the animal feed protein ingredient market across the period of forecast. Rapid growing demand for pork and poultry products is stimulating the market growth. Growing ready-to-eat and ready-to-bake meat industries are anticipated to trigger the demand for animal feed protein ingredients.
\nPlayers Covered in Animal Feed Protein Ingredients Market are: <\/p>\n
ADM (US)<\/p>\n
DSM (Netherlands)<\/p>\n
Vigon International LLC (US)<\/p>\n
Zochem Inc (Canada)<\/p>\n
CropEnergies AG (Germany)<\/p>\n
Evershining Ingredient Co.<\/p>\n
Ltd (Thailand)<\/p>\n
IMCOPA Food Ingredients B.V. (Netherlands)<\/p>\n
Alltech (US)<\/p>\n
HAMLET PROTEIN (US)<\/p>\n
DuPont (US)<\/p>\n
Nutreco (Netherlands)<\/p>\n
Zinpro Corp (US)<\/p>\n
Biochem Zusatzstoffe Handels (Germany)<\/p>\n
Purina Animal Nutrition LLC (US) and other major players.
\nKey Industry Developments in Animal Feed Protein Ingredients Market<\/p>\n
In January 2024, ADM has agreed to acquire PT Trouw Nutrition Indonesia, a subsidiary of Nutreco, a leading provider of functional and nutritional solutions for livestock farming in Indonesia. PT Trouw Nutrition Indonesia is a leading premix manufacturer offering innovative and comprehensive nutrition solutions for the animal industry. The acquisition will strengthen ADM’s premix and feed additives & ingredients business, strategically positioning itself to meet market growth and sustain the rising demand for protein. The acquisition includes two premix production facilities, laboratories, warehouses, and offices across Indonesia.<\/p>\n
In January 2023, BASF and Cargill announced their expanded cooperation, adding the United States (US) to their existing feed enzymes development and distribution agreement. Together, the two companies are committed to bringing innovative enzyme-based solutions to the market, generating distinctive value for animal feed customers. By combining the enzyme research and development strengths of BASF with Cargill\u2019s know-how in application and broad market reach, the partners will form a joint innovation pipeline for animal protein producers.<\/p>\n","protected":false},"excerpt":{"rendered":"
Proteins are complex organic biomolecules that consist of amino acids which are considered as building blocks of the body. Moreover, protein plays an important role in every living organism. In animal’s proteins perform many vital activities in the form of enzymes, hormones, and antibodies. Proteins in animal feed mainly come from plant-based sources or animal-based sources.<\/p>\n","protected":false},"featured_media":7768,"template":"","meta":{"_acf_changed":false},"product_brand":[],"product_cat":[223],"product_tag":[],"class_list":["post-10348","product","type-product","status-publish","has-post-thumbnail","product_cat-agriculture","first","instock","virtual","purchasable","product-type-simple"],"acf":[],"yoast_head":"\n