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Animal Feed Protein Market Trends That Will Shape the Next Decade: Insights from Innovative Product Development Drives Growth In The Animal Feed Protein Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Animal Feed Protein Market Size By 2025?
In the past few years, the animal feed protein market has seen consistent growth. The market is projected to expand from a worth of $299.02 billion in 2024 to $311.56 billion in 2025, experiencing a compound annual growth rate (CAGR) of 4.2%. The growth during the historic period was driven by factors like increased demand for animal products, population surge and urbanization, intensification of livestock farming, dietary needs of livestock, and globalization in the livestock sector.
How Big Is the Animal Feed Protein Market Size Expected to Grow by 2029?
In the upcoming years, the animal feed protein market is set to experience strong expansion. The prediction is that it will increase to a worth of $388.89 billion by 2029, with a compound annual growth rate (CAGR) of 5.7%. Several factors can be attributed to this growth in the projection period, such as the rising awareness of sustainable diets, switching to plant-derived proteins, stricter regulations on livestock health, advancements in feed formulation technology, and a focus on the circular economy. The major trends within the forecast period include a focus on sustainable and ethical sourcing, the adoption of biotechnological advancements in protein manufacturing, a shift towards alternative protein ingredients, bespoke protein blends for different livestock species, and the investigation of CRISPR technology for protein enhancement.
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Which Key Market Drivers Powering Animal Feed Protein Market Expansion and Growth?
The rise in demand for meat products is forecasted to fuel the expansion of the animal feed protein market. Meat, a product that derives from the processing of livestock or similar animals, drives the use of animal feed protein to boost their protein levels. This higher-quality protein aids in muscle mass growth and supports a balanced diet that promotes animal health, enhancing the quality of end products like meat, milk, or eggs. For example, the Agricultural Outlook 2022-2031 report by a US-based intergovernmental organization in July 2022 revealed that global meat production saw a 5% increase in 2021, amounting to roughly 339 million metric tons. This growth was largely due to a considerable 34% surge in pig meat production in China. Consequently, the escalating demand for meat products is spurring the growth of the animal feed protein treatment market.
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Which Fast-Growing Trends Are Poised to Disrupt the Animal Feed Protein Market?
The animal feed protein market is seeing an increase in product innovation, a trend that is being primarily touted by major corporations in the industry. These companies are prioritizing the development of novel solutions to solidify their standing in the market. As an example, Evonik Industries AG, a chemical company based in Germany, launched an improved version of its Biolys product, crucial feed additive for livestock, in June 2023. The motive behind this launch is to consolidate its position in the animal nutrition market by providing an elevated efficient source of L-lysine, a vital amino acid for livestock. This recently introduced formulation possesses a higher concentration of L-lysine, 62.4%, which enhances nutrient delivery and meets the dietary needs of animals with less product.
What Are the Emerging Segments in the Animal Feed Protein Market?
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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the Animal Feed Protein Industry?
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.
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