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Animal Feed Protein Market Analysis

  • Report ID: GMI5166
  • Published Date: Sep 2024
  • Report Format: PDF

Animal Feed Protein Market Analysis

The animal protein segment is expected to reach over USD 375 billion by 2032, driven by the continued demand for traditional protein sources such as meat, fishmeal, bone meal, and blood meal.
 

These animal-derived proteins are rich in essential amino acids and are crucial for the growth and development of livestock, particularly in intensive farming systems. The expanding aquaculture sector, in particular, is driving demand for fishmeal, a key ingredient in fish feed due to its high protein content and digestibility. Additionally, the increasing focus on feed efficiency and the need to reduce feed costs are prompting livestock producers to incorporate high-quality animal proteins into their feed formulations. This trend is expected to bolster the growth of the animal protein segment over the forecast period.
 

Animal Feed Protein Market Revenue Share, By Livestock, (2023)

The animal feed protein market from cattle segment is poised to reach over USD 75 billion by 2032, driven by the increasing demand for high-quality beef and dairy products. The cattle industry relies heavily on protein-rich feed to support the growth, reproduction, and lactation of livestock, making animal feed proteins a critical component of cattle nutrition.
 

Additionally, the rising focus on improving the health and productivity of dairy cows is driving demand for specialized feed formulations that include high levels of protein. The growing consumer preference for organic and grass-fed beef is also influencing feed practices, with producers seeking to balance natural grazing with supplemental protein-rich feeds to ensure optimal cattle health and product quality. As the global demand for beef and dairy continues to rise, the cattle segment could be a major contributor to the growth of the market.
 

Europe Animal Feed Protein Market Revenue, 2021 - 2032 (USD Billion)

Europe held a sizable share of the animal feed protein market in 2023 and will grow at 3% CAGR from 2024 to 2032. The region's well-established livestock industry, coupled with stringent regulations on animal feed quality and safety, is driving demand for high-quality feed proteins.
 

The European Union's focus on reducing antibiotic use in animal farming has further emphasized the importance of protein-rich diets that support animal health and reduce the need for medical interventions. Additionally, the growing trend of sustainable farming practices in Europe is leading to increased adoption of alternative protein sources, such as insect-based proteins, which are considered more environmentally friendly. The region's strong focus on animal welfare and sustainability could continue driving demand for high-quality animal feed proteins, supporting market growth over the forecast period.
 

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Animal The market size of animal feed protein reached USD 309 billion in 2023 and will grow at 4.9% CAGR between 2024 and 2032, fueled by increasing global demand for meat and dairy products, which necessitates high-quality feed to enhance livestock productivity.

The cattle segment will reach over USD 75 billion by 2032, propelled by the high demand for beef and dairy products globally.

Europe market will witness 3% CAGR through 2032, attributed to the well-established livestock sector and high demand for quality meat and dairy products.

AB Mauri, Archer Daniels Midland Company, Angel Yeast, Titan Biotech Limited Company, Sojaprotein, The Scoular Company, Lallemand Inc., Ynsect, Cargill Inc., Imcopa Food Ingredients B.V., Nutraferma LLC, E.I. DuPont De Nemours and Company, Nordic Soya Oy, Evershining Ingredients, Unibio Group, Calysta Inc., Kerry Group, and Crescent Biotech among others.

Animal Feed Protein Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 2840
  • Countries covered: 22
  • Pages: 500
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