Press release
Animal Feed Protein Market 2023 : Global Industry Trends, Share, Size, Growth, Opportunity And Forecast To 2032
Animal Feed Protein Market
The Business Research Company's Animal Feed Protein Global Market Report 2023 identifies increased demand for meat products as the major driver for the Animal Feed Protein market's growth in the forecast period. Meat is a processed product that comes from the processing of livestock or the further processing of similar animals. Animal feed protein is used to feed animals to increase their protein content with its higher protein quality, which is usually growing to build muscle mass and highly nutritional diets that maintain the health of the animals and increase the quality of such end products as meat, milk, or eggs.
The global animal feed protein market size is expected to grow from $275.33 billion in 2022 to $290.28 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The global animal feed protein market size is expected to reach $343.45 billion in 2027 at a CAGR of 4.3%.
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Major competitors in the Animal Feed Protein market are Hamlet Protein A / S, DuPont de Nemours Inc., CHS Inc., Nordic Soya Oy, Archer Daniels Midland Company, Deep Branch Biotechnology Ltd.
A key trend in the Animal Feed Protein market includes product innovation. Major companies operating in animal feed protein are focused on developing innovative solutions to strengthen their position in the market. For instance, in December 2021, BASF SE., a German-based multinational chemical company, launched its enzyme product, Natupulse, for animal feed. It increases the digestibility of feed, which has a positive effect on the animal. Additionally, it reduces the digesta viscosity in diets with different feed compositions. Natupulse makes feeding more cost-effective and supports the more sustainable production of animal protein, and it is a protein-based molecule that increases nutrient utilization in feed.
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https://www.thebusinessresearchcompany.com/report/animal-feed-protein-global-market-report
The Animal Feed Protein market is segmented -
• By Product: Plant Protein, Animal Protein, Alternative Protein
• By Livestock: Poultry, Swine, Cattle, Aquaculture, Petfood, Equine
• By Form: Dry, Liquid
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Animal Feed Protein market.
The Business Research Company's "Global Animal Feed Protein Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Animal Feed Protein Market Include:
1. Executive Summary
2. Animal Feed Protein Market Characteristics
3. Animal Feed Protein Market Trends And Strategies
4. Animal Feed Protein Market - Macro Economic Scenario
5. Animal Feed Protein Market Size And Growth
…………………………………
26. Africa Animal Feed Protein Market
27. Animal Feed Protein Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Animal Feed Protein Market
29. Animal Feed Protein Market Future Outlook and Potential Analysis
30. Appendix
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