Animal Feed Alternative Protein Market Size

Animal Feed Alternative Protein Market Size

Animal Feed Alternative Protein Market size was valued at more than USD 4 billion in 2022 and is poised to depict a 7% CAGR through 2023-2032. This can be credited to the rise in disposable income and poultry meat consumption in Asian countries such as China

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Poultry sector continues to play a vital role in improving the food security status of consumers. In emerging nations, the consumption of poultry meat has been growing. For example, in China, poultry meat intake surpassed 22.5 million tons in 2022. These factors will provide lucrative growth opportunities for the producers of poultry feed alternative proteins. In addition, dietary preferences have changed due to rapid urbanization and increasing disposable income, fueling the consumption of poultry. This, in turn, will drive greater demand for highly digestible protein-rich diets devoid of anti-nutritional factors worldwide.

The introduction of strict regulatory norms pertaining to animal feed may, however, create a hindrance to the alternative protein industry outlook. The Federal Food, Drug, and Cosmetic Act, for instance, introduced regulations to ensure animal feeds are produced under sanitary conditions, truthfully labeled, and contain no harmful substances. The need to maintain strict regulatory compliance may also assert a negative impact on the industry outlook to some extent. Despite these setbacks, the inclination toward sustainable products will boost the popularity of animal feed alternative protein sources including plant-based proteins.