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Animal Feed Microbial Protein Market Size

Report ID: GMI5616
Published Date: May 2023
Report Format: PDF

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Animal Feed Microbial Protein Market Size

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.

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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.

Animal Feed Microbial Protein Market Report Attributes
Report Attribute	Details
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:	Increasing demand for animal protein Growing awareness about animal health Environmental sustainability
Pitfalls & Challenges:	Price competition

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of animal feed microbial protein was valued at USD 140 million in 2022 and will progress at over 8% CAGR between 2023 and 2032, propelled by the growing demand for sustainable and cost-effective alternatives to traditional protein sources.

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