Home > Pressrelease > Protein Hydrolysate Market for Animal Feed Application to exceed $880mn by 2027
Protein Hydrolysate Market for Animal Feed Application to exceed $880mn by 2027
Published Date: June 23, 2021Protein Hydrolysate Market for Animal Feed Application is set to surpass USD 880 Million by 2027, according to a new research report by Global Market Insights Inc.
Growth in financial support to farmers across the globe to involve in supportive agribusinesses such as poultry farming, aquaculture, livestock farming has led to cost effective and efficient animal nutrition products should drive protein hydrolysate market for animal feed application. In Northern Island, demand for cattle & calf feed compounds was over 760 kilo tons in 2020 owing to increasing demand for beef and high-quality dairy preparations. The market is growing steadily as massive investments are pushed into the market for various R&D systems and facilities.
Plants are a cost efficient and widely available source of edible proteins. Protein hydrolysates produced using enzymatic hydrolysis from plants are increasingly used in various livestock application. Protein hydrolysate provide culture media including carbohydrates, amino acid, vitamins and minerals. Low protein and protein-free media fortified with plant derived protein hydrolysate supports animal productivity and growth. Addition of plant protein hydrolysates in animal feed is highly recommended as they provide high source of amino acids, soluble peptides, essential elements of cell culture and vitamins. It is an excellent source of cell growth, product quality and productivity, thereby driving the market outlook.
Booming demand for powdered protein hydrolysate for animal feed application industry are stipulating towards market expansion
Powdered protein hydrolysate has immense demand from animal feed application industry and was valued around USD 355 million in 2020. Whey powder demand consumption is increasing in European Union owing to increasing penetration in beef cattle, swine, and exotic meet industry. EU whey powder consumption surpassed 1,300 kilo tons in 2019 and is likely to witness a consumption over 1,400 kilo tons by 2028.
Plant protein hydrolysates should witness significant growth over the forecast period
Global plant protein hydrolysate market for animal feed application is projected to register around 4.5% CAGR between 2021 and 2027. Plant protein hydrolysates are categorized in soybean protein hydrolysates and sunflower protein hydrolysates. Plant protein hydrolysates (PHs) are plant bio stimulants, which increases the germination, productivity & quality of a wide range of aquaculture and livestock.
Plant protein hydrolysates can stimulate nitrogen and carbon metabolism and interfere with livestock’s hormonal activity. Indirect effects also play a vital role as protein hydrolysates boost nutrient availability in animal growth substrates and increase nutrient-use efficiency and nutrient uptake in animals.
Browse key industry insights spread across 520 pages with 567 market data tables and 101 figures & charts from the report, “Protein Hydrolysate Market for Animal Feed Application (By Source {Animal Protein Hydrolysate [Bovine, Poultry, Pig], Fish Protein Hydrolysate, Plant Protein Hydrolysate [Soy, Sunflower], Milk Protein Hydrolysate [Whey, Casein]}, By Form [Paste, Powder], By Livestock {Poultry [Broilers, Layer], Swine, Cattle, Calves, Aquaculture [Salmon, Trouts, Shrimps], Equine, Pet}, By Technology {Acid Hydrolysis, Enzymatic Hydrolysis}), Industry Potential Outlook Report, Regional Analysis, Price Trend, Application Development, Competitive Landscape & Forecast, 2021 - 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/protein-hydrolysate-for-animal-feed-application-market
Growing demand for poultry and meat products creates lucrative growth opportunities for protein hydrolysate market for animal feed application
Global protein hydrolysates demand from poultry application is anticipated to witness over 6% CAGR through 2027. Increasing meat production & processing due to government technical and financial assistance may drive animal feed demand, thereby driving the protein hydrolysates industry size in Europe. Most of the poultry companies are developing and improving meat products in order to meet quality product demand for the consumers and other waste products for the animal consumption, thereby stimulating the industry statistics in the region.
Europe protein hydrolysate industry for animal feed application is set to register over 5.5% CAGR through 2027 owing to rising demand for protein rich animal feed.
Europe protein hydrolysate market for animal feed application is anticipated to exceed USD 300 million by 2027 owing to rapid demand from animal feed industry. Germany has a widespread presence of compound feed manufacturers who are constantly engaged in product development and innovations to achieve competitive advantage. Consumers in the country exhibit a rising preference for red meat primarily owing to declining prices of meat which has stimulated the demand for compound feed. The per-capita consumption of beef & veal was about 10 kilos in 2019 which represents healthy growth potential.
Key players operating in protein hydrolysate market for animal feed application are continuously engaged in several activities such as innovation, new product development, mergers, and acquisition. Key players in the market include Copalis, Hofseth Biocare, SOPROPÊCHE, MP Biomedicals, Sonac, The Scoular Company, A. Costantino & C. spa, Bio-Marine Ingredients Ireland Ltd., Kerry, Scanbio Marine Group, K-Pro GmbH, Sonac, Kemin Industries, and Azelis Animal Nutrition which accounted for majority market share. The main strategy adopted by companies is to diversify their product range with respect to application to make their product range customized. Firms are also engaged in downstream applications to make distribution easy and increase their market share.