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Animal Feed Microbial Protein Market size crossed USD 140 million in 2022 and is projected to expand at over 8% CAGR from 2023 to 2032, due to the growing demand for sustainable and cost-effective alternatives to traditional protein sources.
The animal feed microbial protein industry growth is fueled by increasing awareness regarding animal health across the world. Animal welfare and health are emerging as important trends among consumers, which has boosted the need for high-quality animal feed that incorporates microbial protein due to its proven benefits on animal health and productivity. In March 2022, USDA-NIFA invested nearly USD 13 million in treating and eradicating livestock diseases exploring several prevention strategies including animal feed sources.
Report Attribute | Details |
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Base Year: | 2022 |
Animal Feed Microbial Protein Market Size in 2022: | USD 140 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 8.2% |
2032 Value Projection: | USD 319 Million |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 400 |
Tables, Charts & Figures: | 371 |
Segments covered: | Source, Livestock, Fermentation Technology, Form |
Growth Drivers: |
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Pitfalls & Challenges: |
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Despite a positive outlook for the animal feed microbial protein market, the price competition is negatively impacting product sales. The animal feed market is highly competitive which has put price pressure on microbial protein compared to traditional animal feed sources. This is limiting the profitability of microbial protein and restraining overall industry expansion. Nonetheless, growing awareness regarding the benefits of using microbial protein compared to alternatives due to rising environmental concerns will help overcome this issue.
The animal feed microbial protein market share from the bacteria segment will observe around 8% CAGR through 2032. The qualities of the microbial protein produced from the bacteria source are useful for various animal feed applications due to its effective price, efficiency, and safety. A 2022 study used a lower total bacteria population due to its low crude fiber content to achieve NFC levels in synchronization of rumen protein on microbial protein synthesis.
The poultry animal feed microbial protein market size will reach USD 185 million by 2032, propelled by its multiple benefits, such as improved growth and performance, enhanced gut health, reduced dependence on antibiotics, and better egg quality in poultry animals. In addition, increasing global consumption of poultry products will also complement product outlook. As per USDA’s projections, poultry imports will increase to 17.5 million metric tons while pork imports will reach 14.2 million tons by 2031.
Asia Pacific animal feed microbial protein market will grow at over 9% CAGR between 2023 and 2032, attributed to a significant increase in animal protein demand in the APAC region in line with the expanding population and changing dietary patterns. In March 2023, the South Korean regulatory body, MFDS, urged industry players and manufacturers to increase food safety management after increasing cases of contamination in the country.
Some of the key players profiled in the animal feed microbial protein market report include
These companies are investing heavily in R&D to develop new and innovative microbial protein products for animal feed.
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Market, By Source (2018 – 2032)
Market, By Livestock (2018 – 2032)
Market, By Fermentation Technology (2018 – 2032)
Market, By Form (2018 – 2032)
The above information has been provided for the following regions and countries: