Feed Plant-Based Protein Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, The global Feed Plant-Based Protein market size is expected to reach $3.85 Billion by 2028 growing at a CAGR of 6.21% from 2021 to 2028. Feed plant-based protein refers to protein-rich ingredients derived from plant sources that are incorporated into animal feed. Instead of traditional animal-based protein sources like fish meal or soybean meal, feed plant-based proteins are sourced from plants such as peas, lentils, canola, and various other crops. These plant-based protein ingredients serve as an alternative protein source for livestock and aquaculture, providing a sustainable option that reduces reliance on traditional animal-derived feeds. The use of feed plant-based protein aligns with the growing interest in sustainable and environmentally friendly agriculture, as it can contribute to reduced environmental impact and promote more efficient and ethical use of resources in animal farming.

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The Feed Plant-Based Protein market is primarily driven by increasing awareness of sustainable and ethical farming practices, prompting a shift towards plant-based protein sources in animal feed. Additionally, the growing demand for alternative protein options, coupled with environmental concerns associated with traditional animal-based feeds, contributes to the market's expansion.

Key Players
Some of the major Feed Plant-Based Protein Market players holding high market shares include DuPont, Kerry Group, Ingredion, Emsland Group, and AGRANA. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Avebe, Kroner, Batory Foods, AGT Foods, and Aminola.

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Segmental Analysis
Based on type, the Feed Plant-Based Protein market is segmented into Concentrates, Isolates, and Others. The dominance of the Concentrates segment in the Feed Plant-Based Protein market is attributed to its high protein content and nutritional density, offering a concentrated and efficient source of plant-based protein for livestock and aquaculture feed formulations, thereby promoting optimal animal growth and performance.

Based on Livestock, the Feed Plant-Based Protein market is Pets, Swine, Ruminants, and Others. The dominance of the Pets segment in the Feed Plant-Based Protein market is attributed to the increasing consumer demand for plant-based and sustainable pet nutrition options, driving the incorporation of plant-derived proteins into pet food formulations to meet the growing preferences for ethical and environmentally conscious pet diets.
Based on Source, the Feed Plant-Based Protein market is segmented into Soy, Wheat, Pea, and Others. The dominance of the Soy segment in the Feed Plant-Based Protein market is attributed to soy's well-balanced amino acid profile, high protein content, and versatility, making it a preferred and cost-effective plant-based protein source for a wide range of livestock and pet feed formulations.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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