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Animal Feed Alternative Protein Market Share

Report ID: GMI4861
Published Date: Nov 2022
Report Format: PDF

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Animal Feed Alternative Protein Market Share

ADM
CJ Selecta
Calysta Inc
CHS Inc
Hamlet Protein A/S
Titan Biotech Ltd
E.I. Du Pont De Nemours And Company
Deep ranch Biotechnology
Agriprotein GmbH
InnovaFeed
Angel Yeast
AB Mauri
Crescent Biotech

The Scoular Company, and Imcopa Food Ingredients B.V. are some of the key participants in the animal feed alternative protein market. These firms are focusing on business and product range expansions and other strategies to boost their presence in the industry.

For instance, in February 2022, aquafeed insect producer InnovaFeedinked a partnership deal with ADM, a food ingredient provider, to expand its insect-for-pet food business. This partnership followed the introduction of the U.S. regulation allowing the adoption of black soldier flies in foods for dogs, pioneering the commercialization of quality insect ingredients in the U.S. market. This initiative will enable the company to develop a strong footprint in the global market.

Authors: Kunal Ahuja, Sarita bayas

Frequently Asked Questions (FAQ) :

The alternative protein market for animal feed application was more than USD 4 billion in 2022 and is poised to depict a 7% CAGR through 2023-2032, given the rise in poultry meat consumption.

The animal feed insect protein market share is set to record over 10% CAGR through 2032, due to the strong demand for cost-effective and nutritious protein ingredients.

Europe animal feed alternative protein industry value is slated to cross USD 1.5 billion by 2032, owing to the rising agricultural production and meat consumption.

ADM, CJ Selecta, Calysta Inc., E.I. InnovaFeed, Angel Yeast, AB Mauri, Crescent Biotech, The Scoular Company, and Imcopa Food Ingredients B.V. are some of the key participants in the animal feed alternative protein market.