Sustainable Animal Feed Market

The Sustainable Animal Feed Market worth US$ 58 Billion by 2030 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Sustainable Animal Feed Market Trends, Industry Competition and Product Analysis, Revenue and Forecast To 2030."
The market research report estimates that the global market for sustainable animal feed will be worth US$ 10.57 billion in 2021 and will grow at a compound annual growth rate (CAGR) of 21.2% from 2022 to 2030, reaching US$ 58.03 billion. In 2021, Europe has a 41% market share, making it the largest region.

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Animal feeding is the most important component in ensuring the long-term production of safe and inexpensive animal proteins. Balanced animal feed is critical to ensuring food items' long-term viability. Sustainability is defined as a safe, consistent, and nutritious feed supply for poultry, cattle, fish, and pets that maximizes environmental equality and natural resource usage while benefiting consumers, communities, and the industry's social and economic well-being. A sustainable animal diet is one that is nutritionally balanced and free of hazardous components, meets production targets, and generates safe animal products.
The growth of the global sustainable animal feed market can be attributed to several factors, such as the surging demands for animal products, growing animal health consciousness among consumers, changing feed preferences by pet owners, high demand from the livestock animal segment, increasing awareness of the health benefits of algae-based ingredients in animal feed, adoption of new science and technologies, and growing environmental safety concerns such as the carbo Animal feed has a direct or indirect impact on the whole livestock sector and associated services, accounting for over 70% of the cost of animal production. As a result, the animal market has switched toward sustainable alternatives such as additives and various feed sources, which is expected to boost the growth of the sustainable animal feed market in the coming years.
However, the market faces significant difficulty in producing inexpensive, nutritional, and environmentally friendly animal feed options. Furthermore, the rising cost of animal feed, the lack of rules and standards governing feed sustainability, and a paucity of knowledge about animal sustainability are projected to impede market adoption during the projection period.
Geographically, the Europe and Asia Pacific regions are likely to develop significantly during the forecast period as pet owners and livestock owners become more aware of the health advantages of animal proteins and demand for animal feed rises.

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Major market players operating in the sustainable animal feed market include BioProcess Algae LLC (US), algal scientific (US), Fermentalg (France), MicroBio Engineering (MBE), Inc. (US), Corbion (Netherlands), Sabrtech (Canada), BlueBioTech (Germany), Euglena (Japan), Japan Veramaris (Japan), Global Algae Innovations (US), Culture BioSystems (US), AgriProtein (South Africa), AlgaePro (Norway), Algaia (France), Allmicroalgae (Portugal), Aquatic Energy LLC, Arbiom (US), Beta Hatch (US), BioKind (London), Bugimine (Estonia), Calysta (US), Cellana (US), CycleFARM (US), deep branch biotechnology (US), Enterra (Canada), Entobel (Vietnam), Entocycle | The Insect Farming Company (UK), Entofood (Malaysia), Entogreen (Portugal), Enviroflight (US), Feed Algae/SuSeWi (London), Green Plains Inc. (US), Grubbly Farms (US), HERMETIA , HEXAFLY (Ireland), HiProMine (Poland), iCell Sustainable Nutrition (China), Innovafeed (France), Kinnva (Singapore), Kiverdi (US), KnipBio (US), Magalarva (Indonesia), MiAlgae (UK), NASEKOMO (Bulgaria), nextProtein (Tunisia), NovoNutrients (US), Organic Value Recovery Solutions (US), Protifarm (Netherlands), Protix (Netherlands), String Bio (India), TEBRIO MealFood Europe (Spain), Unibio (Denmark), Veramaris (Netherlands), Ynsect (France), and Other Prominent Players.

Key developments in the market:
In July 2021, Corbion (Netherlands) joined with Truterra LLC, Land O'Lakes' sustainability company, to help soybean farmers embrace sustainable agriculture techniques.
In January 2021, Fermentalg formed a joint venture with Suez to develop algal photobioreactors for carbon capture. This partnership enables Corbion's US soybean supply shed farmers to collect crop production data and establish a sustainability baseline for each field. The processes that allow algae to capture CO2 can lead to products that can be used in biocontrol, human nutrition, and animal health, as well as improving air quality.
In October 2019, Protix (Netherlands) received the Dutch Innovation Award 2019. The prize recognized the company's advanced approach to food sustainability. It has created a fully automated production process that efficiently generates insect-based products and uses food leftovers as raw materials.
In December 2019, Green Plains Inc. and Novozymes signed an exclusive partnership and commercialization agreement for biological solutions to create high protein components. The collaboration focuses on aquaculture, pet food, and new components for global protein markets.
In February 2018, Protix (Netherlands) announced the first full-grown salmon raised using insect-based proteins. This crucial stride toward aquaculture sustainability has hastened the transition away from fish meal, which greatly affects marine ecosystems.

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Market Segments
Global Sustainable Animal Feed Market, by Ingredient Types, 2019-2030 (Value US$ Bn)
• 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, 2019-2030 (Value US$ Bn)
• Algae
• Insect
• Single Cell Protein
Global Sustainable Animal Feed Market, by Livestock, 2019-2030 (Value US$ Bn)
• Poultry
• Ruminants
• Swine
• Aquatic animals
• Other livestock (equine and pet food)
Global Sustainable Animal Feed Market, by Region, 2019-2030 (Value US$ Bn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Sustainable Animal Feed Market, by Country, 2019-2030 (Value US$ Bn)
• U.S.
• Canada
Europe Sustainable Animal Feed Market, by Country, 2019-2030 (Value US$ Bn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Sustainable Animal Feed Market, by Country, 2019-2030 (Value US$ Bn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Sustainable Animal Feed Market, by Country, 2019-2030 (Value US$ Bn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Sustainable Animal Feed Market, by Country, 2019-2030 (Value US$ Bn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

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This release was published on openPR.