Animal Feed Alternative Protein Market Size
Animal Feed Alternative Protein Market size was valued at more than USD 4 billion in 2022 and is poised to depict a 7% CAGR through 2023-2032. This can be credited to the rise in disposable income and poultry meat consumption in Asian countries such as China.
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The poultry industry is still very important in helping customers' food security situation to be better. Eating chicken meat has been rising in developing countries. For instance, poultry meat consumption in China is expected to reach 22.5 million tons by 2022. These elements will present the makers of alternative proteins for poultry feed rich in chances for development. Furthermore, fast urbanization and rising disposable income have changed people's tastes in food, which fuels the chicken consumption. This will therefore stimulate more demand for highly digestible protein-rich meals free of anti-nutritional elements all around.
Strict rules on animal feed, however, could make the alternative protein sector view less viable. For instance, the Federal Food, Drug, and Cosmetic Act instituted rules to guarantee that animal feeds are produced under hygienic circumstances, truthfully labeled, and free of any dangerous ingredients. Maintaining strong regulatory compliance could potentially have a detrimental effect on the industry's general impression to some degree. Notwithstanding these challenges, the trend toward sustainable products will help animal feed alternative protein sources—plant-based proteins—to become more popular.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Animal Feed Alternative Protein Market Size in 2022 | USD 4.45 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 7% |
| 2032 Value Projection | USD 9 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 415 |
| Tables, Charts & Figures | 562 |
| Segments covered | Product, Livestock, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Animal Feed Alternative Protein Market Analysis
Learn more about the key segments shaping this market
Over 10% CAGR through 2022–2032 will mark the value of animal feed insect protein market. One of the main causes of growing product acceptance is the great demand for reasonably priced and nutritional protein components. Insects fit animal feed alternative protein sources since they need less breeding area. Additionally fed on organic waste, they help to reduce cattle industry greenhouse gas emissions. Moreover, growing knowledge regarding improved amino acid and protein profiles presented by insect protein may encourage their intake as dietary supplements.
Learn more about the key segments shaping this market
Thanks to the great availability of byproducts in the oil milling sector, the industry share from the cattle livestock category is expected to exceed USD 2 billion by 2032. This element will increase the need for oilseed meals as cattle feed. Strict rules prohibiting the inclusion of animal proteins in feed have also been adopted, mostly to lower the bovine spongiform encephalopathy incidence. Projects like these will help to increase the output of alternative protein calf feed.
Dairy, calf, and others divisions further separate the sector of cattle animals. Over 7% CAGR from the dairy segment is expected to be displayed by the alternative protein market share in animal feed. Among the main drivers of increase is the acceptance among dairy cattle producers of sustainable breeding techniques.
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By 2032, the value of alternative protein sources for animal feed in Europe is predicted to cross USD 1.5 billion. The great focus of cattle growers on improving the general performance and health of animals will encourage the use of other proteins in feed compositions. Growing in the area are meat consumption and agricultural output as well.
Animal Feed Alternative Protein Market Share
- ADM
- CJ Selecta
- Calysta Inc
- CHS Inc
- Hamlet Protein A/S
- Titan Biotech Ltd
- E.I. Du Pont De Nemours And Company
- Deep ranch Biotechnology
- Agriprotein GmbH
- InnovaFeed
- Angel Yeast
- AB Mauri
- Crescent Biotech
The Scoular Company, and Imcopa Food Ingredients B.V. are some of the key participants in the animal feed alternative protein market. These firms are focusing on business and product range expansions and other strategies to boost their presence in the industry.
For instance, in February 2022, aquafeed insect producer InnovaFeedinked a partnership deal with ADM, a food ingredient provider, to expand its insect-for-pet food business. This partnership followed the introduction of the U.S. regulation allowing the adoption of black soldier flies in foods for dogs, pioneering the commercialization of quality insect ingredients in the U.S. market. This initiative will enable the company to develop a strong footprint in the global market.
Impact of COVID-19 Pandemic
Since the onset of the COVID-19 pandemic, farmers across the globe witnessed the impact of the crisis on food purchases, income generation, and access to inputs. However, government bodies have been providing financial support to ranchers and farmers to help stabilize the food supply.
The animal feed alternative protein market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD Million from 2018 to 2032 for the following segments
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By Product
- Insect Protein
- Soy Protein Isolates
- Soy Protein Concentrates
- Fermented Soy Protein
- Duckweed Protein
- Single Cell Protein
- Algae Protein
- Grain Protein
- Fungal Protein
- Yeast Protein
- Hamlet Protein
By Livestock
- Poultry
- Broiler
- Layer
- Turkey
- Others
- Swine
- Starter
- Grower
- Sow
- Cattle
- Dairy
- Calf
- Others
- Aquaculture
- Salmon
- Trout’s
- Shrimps
- Carp
- Others
- Pet Food
- Equine
The above information is provided on a regional and country basis for the following
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Russia
- Netherlands
- Belgium
- UK
- Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Indonesia
- Latin America
- Brazil
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
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