Animal Feed Microbial Protein Market Size
Due to the increasing need for affordable and environmentally friendly substitutes to conventional protein sources, animal feed microbial protein market size crossed USD 140 million in 2022 and is expected to expand at over 8% CAGR from 2023 to 2032.
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Growing knowledge of animal health worldwide drives the rise of microbial protein sector. Emerging as major consumer trends are animal welfare and health, which has increased demand for premium animal feed with microbial protein since has shown advantages on animal health and output. USDA-NIFA spent around USD 13 million in March 2022 treating and eradicating cattle diseases investigating many preventative techniques including animal feed sources.
Animal Feed Microbial Protein Market Report Attributes
Report Attribute |
Details |
Base Year |
2022 |
Animal Feed Microbial Protein Market Size in 2022 |
USD 140 Million |
Forecast Period |
2023 to 2032 |
Forecast Period 2023 to 2032 CAGR |
8.2% |
2032 Value Projection |
USD 319 Million |
Historical Data for |
2018 to 2022 |
No. of Pages |
400 |
Tables, Charts & Figures |
371 |
Segments covered |
Source, Livestock, Fermentation Technology, Form |
Growth Drivers |
- Increasing demand for animal protein
- Growing awareness about animal health
- Environmental sustainability
|
Pitfalls & Challenges |
|
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Though the market for animal feed microbial protein is looking bright, pricing competition is undermining product sales. The very competitive nature of the animal feed industry has put pricing pressure on microbial protein relative to conventional animal feed sources. This is restricting general industrial growth and hence limiting the profitability of microbial protein. Still, increasing environmental concerns will drive growing knowledge of the advantages of employing microbial protein over substitutes, therefore helping to solve this problem.
Animal Feed Microbial Protein Market Analysis
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From the sector of bacteria, the animal feed microbial protein market share will show about 8% CAGR by 2032. Because of their good pricing, efficiency, and safety, the features of the microbial protein made from the bacterial source are valuable for several uses in animal feed. A 2022 study used a smaller total bacteria population due to its low crude fiber content to obtain NFC levels in synchronization of rumen protein on microbial protein production.
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Driven by its several advantages—improved growth and performance, gut health, less reliance on antibiotics, and greater egg quality in poultry animals—the market for microbial protein products in poultry animal feed will reach USD 185 million by 2020. Furthermore complementing product outlook will be growing world consumption of chicken goods. USDA projects that hog imports will reach 14.2 million metric tons by 2031 and poultry imports would rise to 17.5 million metric tons.
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Asia Pacific animal feed microbial protein market will grow at over 9% CAGR between 2023 and 2032, attributed to a significant increase in animal protein demand in the APAC region in line with the expanding population and changing dietary patterns. In March 2023, the South Korean regulatory body, MFDS, urged industry players and manufacturers to increase food safety management after increasing cases of contamination in the country.
Animal Feed Microbial Protein Market Share
Some of the key players profiled in the animal feed microbial protein market report include
- Avecom
- Calysta Inc
- KnipBio
- Quorn Foods
- Alltech
- Arbiom
- Lonza Group
- AG CHEMI group
- IPK Gatersleben
- Nutreco N.V.
- Biomin Holdings Gmbh
- Quality Liquid feeds
- Devenish Nutrition Limited
These companies are investing heavily in R&D to develop new and innovative microbial protein products for animal feed.
Animal Feed Microbial Protein Industry News
- In March 2023, Lonza Group, an animal feed products manufacturer, partnered with Simris Alg, a European biological firm, to incorporate Simiris’ ADC payload technology in its bioconjugation toolbox and offer customers that require novel payloads for developing ADC medicines.
- In February 2023, Calysta Inc., a biotechnology company, received FDA approval for its microbial protein product, FeedKind, for aquafeed application. The new product received Generally Recognized as Safe status for salmonid feeds to be utilized in 18% of the diet. With this, the company intended to expand its business in the U.S. aquaculture market.
This animal feed microbial protein market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments
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Market, By Source (2018 – 2032)
- Bacteria
- Yeast
- Algae
- Fungi
- Others
Market, By Livestock (2018 – 2032)
- Poultry
- Broilers
- Layers
- Breeders
- Others
- Ruminants
- Swine
- Aquaculture
- Others
Market, By Fermentation Technology (2018 – 2032)
- Solid-state fermentation
- Submerged fermentation
- Co-culture fermentation
Market, By Form (2018 – 2032)
- Dry Powder
- Liquid
- Pellets
The above information has been provided for the following regions and countries
- North America
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Netherlands
- Belgium
- Asia Pacific
- China
- India
- Japan
- Indonesia
- Malaysia
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar