Press release
Protein Hydrolysate for Animal Feed Application Market Research Report Forecast to 2024
Increasing livestock production along with rising awareness regarding proper animal nutrition pertaining to high nutritious diet requirement for animal’s growth and development will drive the protein hydrolysate market demand for animal feed application. These products are rich in amino acid content, thereby facilitating overall livestock growth and reproduction.
Protein hydrolysate industry demand for animal feed application from poultry is expected to exceed USD 250 million by 2024. They are largely used for broilers and layers diets owing to high palatability, digestibility and presence of essential nutrients which helps in promoting the overall health and wellness thereby producing higher yields. Rising poultry borne diseases and prevailing infections has led to increase in need for nutritious feed for chickens thereby enhancing product demand.
Powder form of protein hydrolysate industry demand for animal feed application should witness gains at over 4.5% during the forecast period. They are extracted from enzymatic hydrolysis process, have long shelf life, and are water soluble, thereby driving industry growth.
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Fish protein hydrolysate market demand from animal feed application should register favorable gains at over 3.5% during the forecast period. Increasing investments in aquafeed and aquaculture industries along with government mandates regarding fish disposal should stimulate the industry growth. Salmon protein hydrolysate are included in young pig diets to obtain feed utilization and improve performance growth.
Protein hydrolysate market demand for animal feed application from enzymatic hydrolysis may register gains at over 4.5% by the end of forecast period. It helps in improving emulsifying and foaming capacity properties along with providing high digestibility. The technology involves protein hydrolysis using exogeneous or endogenous enzymes to promote hydrolytic process.
North America protein hydrolysate industry demand for animal feed application, driven by U.S and Canada is poised to surpass USD 220 million up to 2024. Increase in meat consumption along with rising financial support to farmers for carrying out livestock & poultry businesses may accelerate regional growth. Increasing aquaculture business accompanied with strong governmental support should foster regional industry expansion.
Europe, with steady gains in France, Italy, UK, and Germany protein hydrolysate industry demand for animal feed application is likely to exceed USD 285 million by the end of forecast period. Strong focus towards R&D spending along with essential nutrient information required for livestock health & wellness will foster regional industry growth.
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Asia Pacific, driven by China, Japan, South Korea, and India protein hydrolysate industry demand for animal feed application may grow significantly at over 5% up to 2024. Rising investments from government and private sector along with increasing meat consumption due to minimizing cultural and religious barriers will drive regional industry growth.
Global protein hydrolysate market share for animal feed application is fragmented with major industry players including SOPROPECHE, Scanbio Marine Group, 3D Corporate Solutions, Boyer Valley Company, Azelis Italia Srl, Prossential and Royal Canin. Manufacturers are heavily investing in new technologies to enhance their product portfolio and global reach.
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