Animal Feed Protein Ingredients Market - By Product (Oilseed Meals [Soymeal, Rapeseed/Canola Meal, Sunflower Meal, Copra Palm Meal, Cottonseed Meal], Fishmeal, Animal By-product Meals), By Livestock & Forecast, 2024-2032

Animal Feed Protein Ingredients Market Size

Animal Feed Protein Ingredients Market size achieved USD 253.2 billion in 2023 and will grow at 9% CAGR from 2024 to 2032, driven by the increasing industrial livestock production.
 

The growth of the animal feed protein market is propelled by several factors, like increasing global demand for animal-based products, such as meat and dairy, drives the need for high-quality feed ingredients to boost livestock productivity. Advances in feed formulation technology enhance the efficiency and nutritional value of protein sources, fostering innovation within the industry. Rising awareness of animal health and welfare prompts the adoption of premium, nutritionally balanced feed proteins to ensure optimal growth and performance.
 

Additionally, the expansion of livestock production in emerging economies accelerates demand for feed proteins. Regulatory support for sustainable agriculture practices and the development of alternative protein sources, including plant-based and insect-based proteins, further contribute to market growth. These factors collectively support the evolving use and development of animal feed protein ingredients
 

Expanding population and rapid urbanization are accelerating migration, resulting in a strong demand for quality animal-derived food products, such as meat, milk, and eggs, which is expected to boost livestock agriculture. Furthermore, several EU Member States, such as Spain, Italy, and Denmark, are particularly specialized in livestock husbandry. Notably, in Europe, there were 142 million pigs, 76 million bovine animals, and 71 million sheep and goats in 2021.
 

The increased consumption of meat and meat products has resulted in the implementation of severe regulatory requirements to maintain animal and human safety, resulting in stringent regulatory compliance for producers and distributors, which is negatively impacting the market. However, as governments recognize the importance of the livestock and poultry industries in maximizing farming incomes, they are stepping in to help by reducing compliance with these laws and establishing several favorable policies.
 

Animal Feed Protein Ingredients Market Trends

The animal feed protein ingredients industry is experiencing several notable trends. There is a growing shift towards plant-based proteins, driven by sustainability concerns and cost-efficiency. Advances in biotechnology are enhancing the nutritional profile and digestibility of feed proteins. Additionally, there is increasing demand for specialty proteins that support animal health and performance. The rise of precision nutrition is leading to more tailored feed solutions. Furthermore, regulatory pressures for environmentally sustainable practices are influencing ingredient sourcing and production methods. These trends reflect a dynamic market focused on innovation, efficiency, and sustainability in animal nutrition.
 

Animal Feed Protein Ingredients Market Analysis

The oilseed meals segment will capture USD 437.8 billion and demonstrate a 9% CAGR till 2032. Impelled by rising customer preference for plant-based protein ingredients. Moreover, businesses are taking efforts to commercialize in the thriving market and attract new customers, which is set to accelerate the industry growth. For instance, in April 2022, food company Bunge collaborated with startup CoverCress Inc. ("CCI") to launch a novel renewable oilseed & animal feed crop that is ideal as a lower carbon intensity feedstock to address the mounting biofuel demand.
 

Under oilseed meals, the market from soymeal sub-segment is slated to depict over 9.8% CAGR through 2032, backed by the growing inclination towards genetically modified (GM) crops due to high yields and improved quality for livestock and fish feeds. In May 2022, the Indian government approved the import of around 0.55 million tons of GM soymeal. Furthermore, as soybean harvesting is concentrated in some regions, particularly those with uncertain weather conditions, key countries such as China are focusing on improving their domestic yields to reduce their reliance on imports.
 

In terms of livestock, the animal feed protein ingredients market from the poultry segment will be achieved approximately USD 243.2 billion with 9.5% CAGR during the forecast timeline. Over the last two decades, poultry has emerged as the world's most consumed livestock product, particularly in developing and emerging nations where production possibilities are limited. Many countries have increased domestic poultry production to fulfill expanding demand while the U.S., Brazil, EU, and Thailand have become prominent poultry exporters contributing to the rising requirement for protein-rich animal feed and fueling the market revenue.
 

Under livestock, the broiler sub-segment is expected to cross USD 155.3 billion by 2032. Broiler production requires less capital investment and has a shorter production life cycle than other meat-producing animals, which is bolstering profitability and facilitating the global expansion of commercial broiler farming. The high need for protein among broilers to improve performance and output is likely to significantly contribute to market expansion.
 

Asia Pacific animal feed protein ingredients market is forecast to exceed a valuation of USD 209 billion by 2032, owing to the high regional population, rising incomes, and changing diets, which are propelling livestock production. To cite an instance, the Indian government is promoting the livestock and poultry sectors’ expansion through several favorable policies to raise farmers' earnings and increase off-farm employment. Similarly, in December 2022, the Asian Development Bank approved a USD 62.9 million package to assist Cambodia in strengthening its food security and promoting inclusive economic growth by boosting animal healthcare and value chains.
 

Animal Feed Protein Ingredients Market Share

Companies include, in the market, companies like Nutraferma LLC, CJ Selecta, Green Labs LLC, GRF Ingredients, and Janatha Fish Meal & Oil Products play pivotal roles. Nutraferma LLC excels in producing high-quality fermentation-derived proteins, enhancing feed efficiency and animal health. CJ Selecta offers a diverse range of protein ingredients, leveraging its global supply chain to meet varied market demands. Green Labs LLC focuses on sustainable and innovative protein solutions, aligning with increasing environmental regulations’ Ingredients is known for its specialized fish meal and protein blends, catering to aquaculture and other sectors with high nutritional requirements. Janatha Fish Meal & Oil Products contributes by providing premium fish-based proteins, vital for aquatic feed applications. Collectively, these companies drive market innovation, quality, and sustainability, shaping industry trends and meeting evolving consumer needs.
 

Animal Feed Protein Ingredients Market Companies

Top companies operating in the industry include:

• Nutraferma LLC
• CJ Selecta
• Green Labs LLC
• GRF Ingredients
• Janatha Fish Meal & Oil Products
• Alltech
• Vetbiochem Group
• Nutrifish
• Fenchem
• Sotexpro
• ATA Foods
• Haarslev Processing Technology
   

Animal Feed Protein Ingredients Industry News

May 2023: Alltech has invested in Agolin, an animal nutrition company based in Switzerland. They announced their intention to explore opportunities for developing innovative technologies that combine Alltech's nutritional portfolio with Agolin's essential oil blends.

The animal feed protein ingredients market research report includes in-depth coverage of the industry, with estimates and forecasts in terms of revenue and volume (USD Billion) (Tons) from 2024 to 2032, for the following segments:

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Market, By Product

• Oilseed meals
  • Soymeal
  • Rapeseed Meal
  • Sunflower meal
  • Copra Palm
  • Cottonseed meal
  • Other oilseed meals
• Fishmeal
• ABP Proteins
  • Meat & Bone meal
  • Feather meal
  • Blood meal
  • Poultry meal
  • Meat Meal

Market, By Livestock

• Poultry
  • Broiler
  • Layer
  • Turkey
  • Others
• Swine
  • Starter
  • Grower
  • Sow
• Cattle
  • Dairy
  • Calf
  • Others
• Aquaculture
  • Salmon
  • Trout
  • Shrimp
  • Carp
  • Yellow Catfish
  • Snakehead
  • Seabass
  • Pomfret
  • Herring
  • Eel
  • Turtle
  • Crab
  • Others
• Petfood
  • Dogs
  • Cats
  • Birds
  • Fish
• Equine
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Italy
  • Russia
  • UK
  • Netherlands
  • Belgium
  •  
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
• Latin America
  • Brazil
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Qatar