Press release
Future Growth of Animal Feed Protein Ingredients Market Size Global Analysis by Key Players - Hamlet Proteins, ADM, Alltech, Dupont, DSM, Proliver, Titan biotech, CHS, Burcon NutriSciences, GRF ingredients, Soja Protein and A Constantino
Animal Feed Protein Ingredients Market may surpass USD 200 billion by 2024; according to a new research report.
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Rising need to feed global population with an affordable healthy and environmentally sustainable way has led to growing demand for protein products in animal feed to meet increasing protein intake will have positive influence on animal feed protein ingredients Market. These ingredients are gaining popularity due to their ability to increase nutritive value of the animal derived food products, thereby driving industry growth.
Change in dietary patterns supported by growing importance of health management has promoted protein consumption in daily diets increasing meat products intake, thereby contributing towards animal feed protein ingredients market growth.
Easy availability of financial assistance in the forms of loan and subsidies through private and government institutes will favor industrial livestock production, thus positively impacting animal feed protein ingredients market growth. Livestock disease outbreaks has led to rise in need for incorporation of protein ingredients in animal diet to increase immunity, yield and disease resistance.
Animal by-products protein ingredients Market may reach up to 435 million tons by 2024. Cost effectiveness and easy availability as these are the by products obtained from slaughter house will positively favor animal rendered proteins demand. Growing development in rendering technology which reduces waste generation and offer optimal product ensuring safety and quality will drive animal feed protein ingredients demand.
Fluctuating cost of oil seed owing to high dependency on climate for production may challenge industry profitability. Moreover, stringent regulatory amendments pertaining to rendered animal proteins and genetically modified oil seed as they may cause certain diseases has led to strict labelling requirements leading to surplus compliance cost. These factors may affect animal feed protein ingredients market price.
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Oilseed meals Market is poised to surpass USD 180 billion at the end of 2024. High ileal digestibility, protein and amino acid content along with minimal possibility of contamination and disease occurrence may propel animal feed protein demand. It acts as a high-performance diet mainly for beef, cattle, swine and poultry.
China animal feed protein ingredients Market from blood meal may observe gain at over 4.5%. It contains highly digestible protein and nutritive value, along with essential amino acid such as leucine, histidine, tryptophan, lysine and phenylalanine and iron. It is used in fish feed to enhance fish growth and feed efficiency which is likely to propel regional industry growth.
France animal feed protein ingredients Market may exceed USD 2 billion up to 2024. Presence of manufacturers engaged in creating novel product formulation supported by developing oilseed crushing plant backing French protein production for animal feed application will favor regional industry growth.
Global animal feed protein ingredients market share is competitive and consolidated. Key industry participants include Hamlet Proteins, ADM, Alltech, Dupont, DSM, Proliver, Titan biotech, CHS, Burcon NutriSciences, GRF ingredients, Soja Protein and A Constantino.
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