Animal Feed Protein Market Report 2024 | Share, Trends, Growth Demand, overview By 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2090

The Business Research Company presents an extensive market research report on the Animal Feed Protein Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The animal feed protein market size has grown strongly in recent years. It will grow from $286.91 billion in 2023 to $301.67 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to rising demand for animal products, population growth and urbanization, livestock farming intensification, nutritional requirements for livestock, globalization of the livestock industry.

The animal feed protein market size is expected to see strong growth in the next few years. It will grow to $372.95 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to growing awareness of sustainable diets, shift towards plant-based proteins, regulatory emphasis on livestock health, technological innovations in feed formulation, focus on circular economy. Major trends in the forecast period include emphasis on sustainable and ethical sourcing, adoption of biotechnological innovations in protein production, shift towards alternative protein ingredients, customized protein blends for different livestock species, exploration of CRISPR technology for protein enhancement.

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Key Market Players:

Major companies operating in the animal feed protein market report are Cargill Incorporated, Archer Daniels Midland Company, Tyson Foods Inc., CHS Inc., Nitta Gelatin Inc., Groupe LACTALIS, Smithfield Foods, Inc., Royal FrieslandCampina NV, Fonterra Co-operative Group Limited, DuPont de Nemours Inc., Wens Foodstuff Group, Kerry Group PLC, BRF S.A., Nutreco N.V., Arla Foods AmbA, Savencia Fromage & Dairy, Darling Ingredients Inc., Glanbia PLC, Industrias Bachoco, S.A. de C.V., ForFarmers NV, Gelita AG, Hilmar Cheese Company Inc., Purina Mills LLC, Purina Animal Nutrition LLC, Hamlet Protein A / S, Nordic Soya Oy, Agrium Inc., Jellice Pioneer Private Limited, Pecuarius Laboratorios SA de CV, ADM Alliance Nutrition Inc., Aller Aqua A/s, Alltech Inc., Biomin, Charoen Pokphand Group, CP Group, De Heus a.s., Guangdong Haid Gr Co, New Hope Group, Sonac USA LLC

Market Drivers:

Increased demand for meat products is expected to propel the growth of the animal feed protein market going forward. 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. For instance, in July 2022, according to the Agricultural Outlook 2022-2031 report, a US-based intergovernmental organization, global meat production experienced a 5% growth in 2021, reaching an estimated 339 million metric tons. This increase was primarily driven by a significant 34% rise in pig meat production in China. Furthermore, according to an article published in February 2021 by The Culinary Institute of America, a private institution for food and wine education based in the United States, the average adult male American consumes 75% more protein than is required, while the average adult female American consumes 50% based foods, such as meat, fish, poultry, eggs, and dairy. Therefore, increased demand for meat products is driving the growth of the animal feed protein treatment market.

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The animal feed protein market covered in this report is segmented -

1) By Product: Plant Protein, Animal Protein, Alternative Protein
2) By Livestock: Poultry, Swine, Cattle, Aquaculture, Petfood, Equine
3) By Form: Dry, Liquid

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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