Animal Feed Protein Ingredients Market 2020 Growth, Share And Comprehensive Analysis By 2026 | Top Players: Archer Daniels Midland,Hamlet Protein A/S, E.I. Du Pont De Nemours and Company, Burcon NutraScience Corporation, CropEnergies AG, CJ Cheiljedang Co
Animal feed protein ingredients market is earmarked to experience a substantial growth spurt over the forthcoming timeframe. With rising production of livestock, poultry and dairy across the globe, the demand for animal feed is also increasing.
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Aquaculture is likely to exhibit a CAGR of around 5% CAGR owing to rising fish consumption globally. Pet food registered a market share of over 2.5% in 2019 due to increasing pet adoption trends.
Advancements in existing processing methods which hydrolyse proteins present in feathers to make them easily digestible for non-ruminant animals have further led to the accessibility of hydrolysed feather meal, providing a suitable, economic livestock feed.
With respect to product, the market is segmented into oilseed meals, fishmeal, and animal by-products. Oilseed meals segment is further divided into soymeal, copra palm meal, sunflower meal, canola/rapeseed meal, cottonseed meal, and others.
Among these, the sunflower meal held a share of over 5.0% in 2019 owing to rising inclination towards plant-based protein ingredients. Sunflower meal is an excellent livestock feed, specifically for ruminants. Sunflower meals could be extracted from decorticated or whole seeds and could be mechanically or/and solvent extracted.
Copra palm meal will witness a CAGR of over 3.5% through the projected duration. It is basically produced as a byproduct when coconut oil is removed by solvent extraction from the meat of the coconut. Copra meal largely indicates the largest quantity of locally available feed proteins in many tropical areas, which includes Central America, some countries in South East Asia, and few African countries.
The animal by-products (ABP) is further segmented into blood meals, poultry meal, meat & bone meals, feather meals, and meat meal. Among these, feather meal held a share of over 25% in 2019 due to its high protein content, thereby being the most important animal by-product.
Based on livestock, the market is segmented into poultry, swine, cattle, aquaculture, pet food, equine, and others. The poultry based livestock is subclassified into layer, broiler, turkey, and others. Among these, layer had a share of over 13% in 2019. The turkey based livestock, meanwhile, will witness a CAGR of over 3.0% due to high protein level.
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Equine will witness a CAGR of over 3.5%. These are generally non-ruminant herbivores. Good sources of protein that could be added to the diet include soybean meal and alfalfa. The other livestock-based animal feed protein registered a market share of over 2.5% in 2019.
From a geographical frame of reference, North America animal feed protein ingredients market is set to witness a CAGR of over 3% owing to rising consumption of non-vegetarian food products. The Middle East & Africa market will also witness a CAGR of over 3.5% during the projected timeframe.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Animal Feed Protein Ingredients Market Industry Insights
Chapter 4. Animal Feed Protein Ingredients Market, By Product
Chapter 5. Animal Feed Protein Ingredients Market, By Livestock
Chapter 6. Animal Feed Protein Ingredients Market, By Region
Chapter 7. Company Profiles
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