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Animal Feed Protein Market Trends

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

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Animal Feed Protein Market Trends

The market will witness robust growth through 2032, driven by the rising demand for alternative protein sources, such as insect and algae-based proteins, as sustainable feed options. As consumers and producers become more environmentally conscious, the use of these alternative proteins in animal feed could increase.

Additionally, the development of customized feed solutions tailored to the specific nutritional needs of different livestock species is gaining traction. This trend is particularly evident in the dairy and poultry sectors, where optimized feed formulations are critical for maximizing productivity and ensuring animal welfare. The growing focus on animal health and welfare, in line with advancements in feed formulation technologies, is expected to drive the adoption of high-quality animal feed proteins, further fueling market growth.

For instance, in January 2023, At the IPPE fair in Atlanta, BASF, and Cargill announced an expansion of their collaboration, which now included the United States in their feed enzymes development and distribution agreement. This partnership aimed to deliver innovative enzyme-based solutions, providing significant value for animal feed customers.

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.