Press release
Animal Feed Protein Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2029
The global Animal Feed Protein Ingredients Market was valued at USD 204.24 billion in 2021 and is expected to reach USD 317.18 billion by the year 2028, at a CAGR of 6.49%.
Animal feed protein ingredients are the ingredients that consist of protein and aid in the provision of amino acids to animals. Protein play important role in the productivity of farm animals. Amino acids produce these, which aid in the secretion of enzymes and hormones necessary for proper body function. Proteins in animal feed come from plant-based sources or animal-based sources. These ingredients have also been gaining importance on account of their ability to increase the nutritive value of animal feed and enhance its function ability.
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Market Dynamics:
Driver:
The increase in demand for packaging and processed meat together with significant growth in food processing technologies boost the market growth. An increase in the consumption of meat products among consumers drives the growth of the feed market, which in turn drives the growth of the animal feed protein ingredients market. Moreover, the rising demand for proper feed in poultry, cattle, and swine segments is the major factor that boosts market growth. Rising livestock production and increasing production of fish meal, growing demand for meat products are the factors that drive the market growth during the forecast period.
Opportunities:
The increasing consumer awareness relating to the extrinsic quality of meat will create opportunities for the market. The rising concern towards animal health and providing nutrition-rich feed is also an opportunity for market key players. Moreover, to reduce the frequency of animal disease outbreaks, many governments are taking initiatives to invest in research and development programs to enhance the quality of animal feed which will strengthen immunity and promote overall performance in animals and provides an opportunity for market expansion.
The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.
Market Segmentation
By Source
• Plant-Based
• Animal-Based
• Others
By Livestock
• Poultry
• Aquaculture
• Cattle
• Swine
• Pet Food
• Equine
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Regional Analysis of Animal Feed Protein Ingredients Market
Depending on geography, the animal feed protein ingredients market is segmented into five regions North America, Middle East, and Africa, South America, Asia-Pacific, and Europe. Asia-Pacific region is expected to dominate the growth of the animal feed protein ingredient market during the period of forecast. Increasing demand for milk, milk products, and meat leads to market expansion in the Asia-Pacific region. Furthermore, an increasing number of livestock and animal feed manufacturing companies in countries such as India, China, and Thailand are attributing the growth of the animal feed protein ingredients market in the period of forecast. Moreover, to support the growth of poultry farming in the Asia-pacific region governments of several countries have announced financial assistance in the form of subsidies or various schemes to poultry farmers.
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
Players Covered in Animal Feed Protein Ingredients Market
• ADM (US)
• DSM (Netherlands)
• Vigon International LLC (US)
• Zochem Inc (Canada)
• CropEnergies AG (Germany)
• Evershining Ingredient Co.
• Ltd (Thailand)
• IMCOPA Food Ingredients B.V. (Netherlands)
• Alltech (US)
• HAMLET PROTEIN (US)
• DuPont (US)
• Nutreco (Netherlands)
• Zinpro Corp (US)
• Biochem Zusatzstoffe Handels (Germany)
• Purina Animal Nutrition LLC (US) and other major players.
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Key Industry Developments in Animal Feed Protein Ingredients Market
• In July 2021, ADM Global nutrition leader declared that it has completed all the agreements to acquire Sojaprotein, a leading company in Europe that provides soy ingredients. With this acquisition, ADM will be able to enhance its production capacity to meet the rapidly growing demand for plant-based proteins.
• In October 2019, Nutreco declared the acquisition of Animal Nutrition and Health (ANH) from Kaonne Investments. With this acquisition, Nutreco will be able to expand its operations in South Africa and supply its leading products to consumers in South Africa.
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Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures and Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?
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https://introspectivemarketresearch.com/reports/animal-feed-enzymes-market/
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