Press release
Sustainable Animal Feed Market Current Scenario with Forecast to 2031
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According to the most recent analysis by InsightAce Analytic, the global market for sustainable animal feed was estimated to be worth US$10.57 billion in 2021 and is projected to grow to US$58.03 billion by 2030, with a compound annual growth rate (CAGR) of 21.2% between 2024 and 2031. Animal nutrition is the most critical component in guaranteeing the long-term production of nutritious and economically priced animal proteins. Balanced animal feed is the key to a sustainable future for food products.
A safe, dependable, and nutrient-rich feed source for fish, poultry, cattle, and companion animals that promote environmental justice and efficient use of natural resources while positively impacting the social and economic well-being of consumers, communities, and businesses are referred to as sustainable. A sustainable animal diet meets production goals, produces safe animal products, is devoid of toxins, and is balanced in all nutrients.
They are profitable in addition to helping the environment. Several variables include:
• The increased demand from the livestock animal segment.
• Shifting feed preferences among pet owners.
• Rising consumer knowledge of animal health.
• Rising consumer demand for animal products.
Growing acceptance of new science and technology, growing public knowledge of the health advantages of algae-based substances in animal feed, and growing worries about environmental safety, such as the carbohydrate More than 70% of the cost of rearing animals is spent on feeding them, which affects the entire livestock industry and other services either directly or indirectly. This shift in the animal market toward sustainable alternatives, such as additives and alternative feed sources, is expected to accelerate the growth of the sustainable animal feed industry.
However, it is difficult for the market to offer affordable, wholesome, and environmentally friendly options for animal feed. Additionally, it is expected that during the projected time, the need for more rules and standards for feed sustainability, the rising cost of animal feed, and the general lack of awareness regarding animal sustainability will hinder market acceptability.
The market for sustainable animal feed is expected to be driven primarily by North America during the forecast period because of the region's increasing chicken and beef production and the growing number of sustainable animal feed product releases. Furthermore, the increasing demand for animal feed and the growing awareness among pet and livestock owners of the health benefits of animal proteins are likely to drive considerable growth in the Asia Pacific Sustainable Animal Feed market over the forecast period.
Major market players operating in the Sustainable Animal Feed market include BioProcess Algae LLC (US), algal Scientific (US), Fermentalg (France), Corbion (Netherlands), Sabrtech (Canada), BlueBioTech (Germany), MicroBio Engineering (MBE), Inc. (US), Euglena (Japan), Japan Veramaris (Japan), Global Algae Innovations (US), Culture BioSystems (US), and others.
Recent collaborations and agreements in the market:
• In July 2021, To help its soybean farmers adopt sustainable agricultural practices, Land O'Lakes' sustainability division, Truterra LLC, teamed up with Corbion (Netherlands). By working together, the US soybean supply shed farmers for Corbion can better learn about crop output and establish a baseline for sustainability for each field.
• In January 2021, Fermentalg signed an agreement with Suez, a domestic waste management firm, to create an equally-owned joint venture (JV) to develop algal photobioreactors for carbon capture. Products from algal carbon dioxide capture systems can be utilized for biocontrol, human nutrition, animal health, and air quality improvement.
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Market Segments
Global Sustainable Animal Feed Market, by Ingredient Type, 2022-2030 (Value US$ Mn)
• Amino Acids
• Phosphates
• Vitamins
• Acidifiers
• Carotenoids
• Enzymes
• Mycotoxin Detoxifiers
• Flavors & Sweeteners
• Antibiotics
• Minerals
• Antioxidants
• Non-protein Nitrogen
• Phytogenics
• Preservatives
• Probiotics
Global Sustainable Animal Feed Market, by Products, 2022-2030 (Value US$ Mn)
• Algae
• Insect
• Single Cell Protein
Global Sustainable Animal Feed Market, by Livestock, 2022-2030 (Value US$ Mn)
• Poultry
• Ruminants
• Swine
• Aquatic animals
• Other livestock (equine and pet food)
Global Sustainable Animal Feed Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Sustainable Animal Feed Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Sustainable Animal Feed Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Sustainable Animal Feed Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Sustainable Animal Feed Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Sustainable Animal Feed Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Sustainable Animal Feed market
To receive an industry overview and future trends of the Sustainable Animal Feed market
To analyze the Sustainable Animal Feed market drivers and challenges
To get information on the Sustainable Animal Feed market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Sustainable Animal Feed market industry
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