Animal Feed Protein Market Forecast 2023-2027 By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s animal feed protein market report forecasts the animal feed protein market size to grow to $343.45 Billion by 2027, with a CAGR (compound annual growth rate) of more than 4%.
Learn More On The Animal Feed Protein Market Report 2023 – https://www.thebusinessresearchcompany.com/report/animal-feed-protein-global-market-report
Animal Feed Protein Market Size Forecast
The global animal feed protein market is expected to grow from $275.33 billion in 2022 to $290.28 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The global animal feed protein market size is expected to reach $343.45 billion in 2027 at a CAGR of 4.3%.
Asia-Pacific held the largest animal feed protein market share.
Key Animal Feed Protein Market Driver – Increased Demand For Meat Products
According to Our World in Data, an online scientific publication focusing on significant global challenges, global meat production in 2019 was 335.46 million tonnes, rising to 337.18 million tonnes in 2020. Furthermore, according to a February 2021 article published by The Culinary Institute of America, a private institution for food and wine education based in the United States, the average adult male American consumes 75% more protein than is required, whereas the average adult female American consumes 50% based foods, such as meat, fish, poultry, eggs, and dairy. As a result, growing demand for meat products is propelling the animal feed protein treatment market forward.
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Key Animal Feed Protein Market Trend – Product Innovation
Major animal feed protein firms are focusing on finding innovative solutions to increase their market position. For example, BASF SE., a German-based global chemical corporation, will debut Natupulse, an enzyme product for animal feed, in December 2021. It promotes the digestion of feed, which benefits the animal. It also decreases digesta viscosity in diets with varying feed components. Natupulse is a protein-based chemical that enhances nutrient utilisation in feed, making feeding more cost-effective and supporting more sustainable animal protein output.
Animal Feed Protein Market Segment
1) By Product: Plant Protein, Animal Protein, Alternative Protein
2) By Livestock: Poultry, Swine, Cattle, Aquaculture, Petfood, Equine
3) By Form: Dry, Liquid
Animal Feed Protein Market Major Players and Strategies
Major players in the animal feed protein market are Hamlet Protein A / S, DuPont de Nemours Inc., CHS Inc., Nordic Soya Oy, Archer Daniels Midland Company, Deep Branch Biotechnology Ltd., Agriprotein Gmbh, Darling Ingredients, Ynsect, Angel Yeast, Calysta Inc., Lallemand Inc., Titan Biotech Ltd., InnovaFeed SAS, Sojaprotein, Crescent Biotech, Imcopa Food Ingredients B.V., CJ Selecta, Unibio Group, and Kerry Group plc.
United Petfood Producers NV, a pet food manufacturing firm based in Belgium, acquired Gold Line Feeds Ltd. for an unknown sum in October 2022. United Petfood Producers NV hopes to expand its position in the animal feed market and increase its animal feed production in the United Kingdom with this acquisition. Gold Line Feeds Ltd. is an animal feed production firm situated in the United Kingdom.
The Animal Feed Protein Global Market Report 2023 covers regional data on animal feed protein market size, animal feed protein market trends and drivers, opportunities, strategies, and animal feed protein market competitor analysis. The countries covered in the animal feed protein market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Animal feed protein is food supplied to agricultural animals, usually livestock, as part of their care. Because proteins are important structural components of animal tissues, animal protein meals are used to feed animals. This feed helps to boost animal immunity, performance, and productivity.
View More Reports Related To The Animal Feed Protein Market –
Animal And Pet Food Global Market Report 2023
Animal Food Global Market Report 2023
Protein Expression Global Market Report 2023
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