Animal Feed Protein Market Poised for 5.8 % Growth, Set to Hit $391.19 Billion by 2029

Which drivers are expected to have the greatest impact on the over the animal feed protein market's growth?
The rising consumer demand for meat products is anticipated to spur the expansion of the animal feed protein industry. Meat, the product of processed livestock or similar animals, has a critical relationship with animal feed protein. This protein supplement is given to animals with the intention to boost their protein level, aiding in muscle mass development and providing nutrition-enriched diets that preserve animal health and enhance the quality of resultant products like meat, milk, or eggs. For example, the Agricultural Outlook 2022-2031 report disclosed in July 2022 by a US-based intergovernmental group stated a 5% growth in global meat production in 2021, resulting in approximately 339 million metric tons. This surge was predominantly due to a substantial 34% increase in pork production in China. Hence, this escalating demand for meat products is a key driver for the advancement of the animal feed protein market.

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What is the future CAGR of the animal feed protein market, and how will it impact industry expansion?
The size of the animal feed protein market has experienced consistent growth over the recent years. Expected to rise from $299.02 billion in 2024 to $312.29 billion in 2025, the market is predicted to witness a compound annual growth rate (CAGR) of 4.4%. The significant increase during the historical period can be credited to the escalating demand for animal products, accelerating population and urbanization rates, intensified livestock farming, nutritional needs for livestock, and the globalization of the livestock industry.

The market size for animal feed protein is projected to experience a significant increase in the coming years, reaching $391.19 billion by the year 2029, with a compound annual growth rate (CAGR) of 5.8%. Factors contributing to the predicted growth during this period include increased consciousness about sustainable diets, transition towards the use of plant-based proteins, focus on the health of livestock from regulatory bodies, technological advancements in feed formulation, and an emphasis on circular economy. Key trends expected in this forecast period involve a focus on sustainable and ethical sourcing, the use of biotechnological innovations in protein production, shift towards using alternative protein ingredients, customized protein mixtures suitable for various livestock species, and the exploration of CRISPR technology for improving protein quality.

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What new trends are reshaping the animal feed protein market and its opportunities?
The trend of product innovation is becoming increasingly prevalent in the animal feed protein market. Large enterprises that specialize in animal feed protein are developing creative solutions to bolster their standings in the industry. For example, in June 2, 2023, the Germany-based chemical firm, Evonik Industries AG, presented an improved version of its product, Biolys, a vital additive for animal feeds. The objective of this unveiling was to amplify its prominence in the animal nutrition market through providing a more effective variant of L-Lysine, a necessary amino acid for livestock. The reformulated product features a superior L-lysine concentration of 62.4%, enhancing the delivery of nutrients and meeting the dietary needs of animals with less product.

Which key market segments comprise the animal feed protein market and drive its revenue growth?
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

Subsegments:
1) By Plant Protein: Soy Protein, Pea Protein, Wheat Protein, Corn Protein, Sunflower Protein
2) By Animal Protein: Fish Meal, Meat and Bone Meal, Blood Meal, Dairy Protein, Egg Protein
3) By Alternative Protein: Insect Protein, Single-Cell Protein, Mycoprotein (fungal protein), Fermentation-Derived Proteins

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What regions are at the forefront of animal feed protein market expansion?
Asia-Pacific was the largest region in the animal feed protein market in 2024. The regions covered in the animal feed protein market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the animal feed protein market?
Major companies operating in the animal feed protein market include Cargill Incorporated, Archer Daniels Midland Company, Tyson Foods Inc., CHS Inc., Smithfield Foods, Inc., DuPont de Nemours Inc., Wens Foodstuff Group, Kerry Group PLC, BRF S.A., Nutreco N.V., Darling Ingredients Inc., Glanbia PLC, Industrias Bachoco, S.A. de C.V., ForFarmers NV, Hilmar Cheese Company Inc., Purina Mills LLC, Purina Animal Nutrition LLC, Hamlet Protein A / S, Nordic Soya Oy, 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

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What Is Covered In The Animal Feed Protein Global Market Report?

• Market Size Forecast: Examine the animal feed protein market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the animal feed protein market for a structured understanding.
• Key Players Overview: Analyze major players in the animal feed protein market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the animal feed protein market.
• Segment Contributions: Evaluate how different segments drive overall growth in the animal feed protein market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the animal feed protein market.
• Industry Challenges: Identify potential risks and obstacles affecting the animal feed protein market.
• Competitive Landscape: Review strategic developments in the animal feed protein market, including expansions, agreements, and new product launches.

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