What's driving the Animal Feed Protein Ingredients Market Growth? CHS Inc., Alltech, Prinova Group, Archer Daniels Midland Company, DSMCJ Selecta, FENCHEM BIOTEK LIMITED, Crescent, CJ CheilJedang, HAMLET PROTEIN, Calysta
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1. Archer Daniels Midland Company
3. CHS Inc.
5. Prinova Group
6. CJ Selecta
7. CJ CheilJedang
8. HAMLET PROTEIN
9. FENCHEM BIOTEK LIMITED
11. Titan Biotech Ltd.
13. E.I. du Pont de Nemours and Company
14. Burcon NutraScience Corporation
16. Imcopa Food Ingredients BV
17. Akola Chemicals (India) Ltd.
19. The Green Labs
20. GRF Ingredients
22. Janatha Fish Meal & Oil Products – India
23. Vetbiochem Group
26. CropEnergies AG
27. Evershining Ingredients Company
28. A Constantino
29. Priya Chemicals
Fish meal accounts for over 3.6% over the forecast timeframe owing to constructive growth in fish meal manufacture. It imparts synergistic effects of vegetable and animal protein accompanied with balancing feed cost. It helps in enhancing palatability, feed conversion, nutrition uptake mainly in young animals. Application potential in swine diets during weaning period to reduce environmental, nutritional and physiological stress will contribute towards animal feed protein ingredients demand.
Oil seed including soybean, canola, cottonseed and sunflower along with animal by-product are the key raw materials used in commercial production. Dependency of oil seed production and availability on climate and imports has led to rise in raw material cost. Moreover, restrictions on fish catches has led to supply insecurity. These factors may challenge industry profitability, thereby affecting animal feed protein ingredients market price trends.
Growing awareness pertaining to dietary protein consumption supported by rise in economic standards has resulted in increasing meat & meat products demand, thereby driving animal feed protein ingredients market size. Feed protein ingredients are key nutrients obtained from rendered animal by products and oil seeds. These proteins help in amino acid synthesis which helps in improving performance and productivity.
Sunflower meal market size from aquaculture may account for over 5% by 2024. It serves as a low fiber, high protein meal and a potential alternative for fish meal making feed cost effective in aquaculture. Growing demand for sunflower based product has led to rise in sunflower production which in turn will favor sunflower meal production as a by-product thereby stimulating animal feed protein ingredients demand.
Blood meal market size from aquaculture will show significant growth over the forecast period as it acts as a cheaper protein source. It is used in a powder form as a binder in fish feed and lysine supplement in fish, cattle and poultry feed which may favor animal feed protein ingredients demand.
U.S. soy meal market size is anticipated to reach over USD 16 billion over the foreseeable timeframe. High production of soybean supported by increasing investments in technological innovation for soy meal extraction is likely to act as a major contributing factor towards animal feed protein ingredients demand.
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Global animal feed protein ingredients market share is fairly consolidated with key players including Archer Daniels Midland Company, DSM, CHS Inc., Alltech, Prinova Group, CJ Selecta, CJ CheilJedang, HAMLET PROTEIN, FENCHEM BIOTEK LIMITED, Crescent, Titan Biotech Ltd., Calysta, E.I. du Pont de Nemours and Company, Burcon NutraScience Corporation, Nutraferma, Imcopa Food Ingredients BV, Akola Chemicals (India) Ltd., Sojaprotein, The Green Labs, GRF Ingredients, PROLIVER, Janatha Fish Meal & Oil Products – India, Vetbiochem Group, NUTRIFISH, SOTEXPRO, CropEnergies AG, Evershining Ingredients Company, A Constantino, Priya Chemicals, SAMPI . Feather meal market size from poultry may exceed up to 2.15 million tons up to 2024. Easy availability of poultry offal through slaughter houses supported by rise in demand for feather meal for high nutritional content and low feed cost will stimulate industry growth. Technological improvements in processing industry has led to development of more digestible meal rich in protein content which is likely to positively influence animal feed protein ingredients demand.
Germany animal feed protein ingredients market may reach over USD 8.5 billion at the end of 2024. Presence of key compound feed manufacturers supported by improved efficiency in feed production may act as a key driving factor towards industry growth.
Browse key industry insights spread across 530 pages with 570 market data tables & 105 figures & charts from the report, “Animal Feed Protein Market Size By Product, Oilseed Meals [Soymeal, Rapeseed/Canola Meal, Sunflower Meal, Copra Palm Meal, Cottonseed Meal, Other Oils], Fishmeal, Animal By-Product Meals [ Meat & Bone Meal, Feather Meal, Blood Meal, Poultry Meal, Meat Meal], By Livestock (Poultry [Broiler, Layer, Turkey, Others], Swine [Starter, Grower, Sow], Cattle [Dairy, Calf, Others], Aquaculture [ Salmon, Trouts, Shrimps, Carp, Others]), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Netherland, Belgium, China, India, Japan, South Korea, Malaysia, Indonesia, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
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