Feed Protein Market - 2023-2030

Overview

Global Feed Protein Market reached US$ 520.21 million in 2022 and is expected to reach US$ 811.16 million by 2030, growing with a CAGR of 5.7% during the forecast period 2023-2030.

The global feed protein market has witnessed significant growth and transformations over the years, Farmers are adopting these protein feeds in the diets of livestock as they provide sufficient amounts of proteins and amino acids, which helps in enhancing the growth and development, also improves the reproduction rate, such factors can help in driving the global feed protein market.

Furthermore, the proteins can be from various sources depending on the availability and consumer preferences. Each type can provide various benefits for the animals. The animal-based proteins such as fishmeal, meat, bone meal and others provide a good amount of amino acids which help in preventing disease transmission and help in maintaining the overall health and growth of animals.

Additionally, many manufacturing companies are launching innovative products in order to expand their portfolios and increase their market. For instance, in November 2020, Nestle Purina launched the new line of products that includes insects as well as plant protein from fava beans and millet. The insect protein comes from black soldier fly larvae, which are already in use in animal feed in Europe. The millet and fava beans provide protein, energy, and fiber to aid digestion.

Dynamics

Increase in Demand for Animal-Based Products

Consumers are becoming health conscious and recognizing the importance of protein and are incorporating more animal-based protein sources such as meat, milk, and eggs into their meals. For instance, according to the USDA report of 2023, the supply of chicken available in the U.S. in 2021 is 68.1 pounds of chicken per person. This helps in increasing the feed protein market.

Furthermore, many manufacturing companies are producing innovative high-quality products in order to attract large consumer bases. For instance, Titan Biotech produces Mannan Oligosaccharide(MOS) which is an animal feed. It is majorly used to improve gastrointestinal health as well as overall health, thus improving well-being, energy levels, and performance. It has a prebiotic effect, increasing the production of lactic acid, thus increasing the proliferation of beneficial bacteria, and boosting the immune system.

Government Initiatives

The demand for feed proteins is increasing as the quality of a protein source provides a sufficient amount of amino acid composition and enhances digestibility. They also help in increasing the productivity rate by enhancing the growth and muscle development in animals, it also enhances the fertility rate, leading to an increase in the adoption rate.

Furthermore, governments of many countries are taking initiatives in order to increase the market and consumer base. For instance, in August 2021, the European Commission adopted the decision to amend the feed ban regulation, allowing the use of certain animal proteins to feed non-ruminant farmed animals such as pigs and poultry. This decision achieves another milestone in the Farm to Fork strategy's ambition towards the use of quality and sustainable feed. Such initiatives can help in increasing the market growth.

Less Awareness

The lack of awareness is restraining the market growth. The demand for animal-based products is increasing among consumers due to less awareness about feed proteins and their benefits many farmers and manufacturers are adopting alternative sources, which could cause a decrease in the adoption rate for feed proteins. Furthermore, many governments are taking some training sessions to encourage farmers to adopt feed proteins.

For instance, the February 2022 report of the Ministry of Fisheries, Animal Husbandry & Dairying the National Livestock Mission of the Department of Animal Husbandry and Dairying(DAHD), Government of India, in which training on all aspects of animal husbandry practices including that of animal feed production has been included. States are encouraged to take up the training component including providing guidance and training required for packaged animal feed producers. Due to less awarness many farmers are unable to use this traninig which can hamper the market growth.

Segment Analysis

The global feed protein market is segmented based on type, livestock, product, form, distribution channel, source and region.

Increase in Demand for Effective Nutritious Feeds

The animal feed segment holds the maximum share of the global feed protein market. The farmers are choosing these protein-based feeds over traditional feeds as they provide all it provides the essential amino acids that animals need for growth, development, and overall health. It provides a sufficient amount of protein to enhance various physiological functions, hence it can lead to an increase in market growth.

Furthermore, many manufacturing companies are launching innovative products in order to expand their portfolios and to help consumers achieve high productivity. For instance, in May 2023, Evonik launched Biolys products for animal feeds. This product formulation contains 62.4 percent L-lysine, valuable components resulting from its fermentation process, and additional nutrients and energy that benefit livestock such as swine or poultry. Such products can help in driving the market size.

Geographical Penetration

Increase in Meat production and Aquaculture Farming

Asia-Pacific has been a dominant force in the global feed protein market and its significance has only grown in the post-2020 era. The farmers in this region are adopting the protein in feed as provides the necessary amino acids that animals need for growth, maintenance, reproduction, and overall health, and the wide availability of different types of proteins helps increase in the adoption of proteins in this region.

Furthermore, the demand for highly nutritious feeds is increasing as meat is highly being produced in this region. For instance, according to the Safe Food Production Queensland organization report of 2023, the gross value of Australian poultry meat production is $2.9 billion. In 2019-20, Australia produced 1.2 million tons of poultry meat. This helps in increasing the market in this region.

Additionally, aquaculture farming is also booming in this region. For instance, according to the Department of Agriculture, Fisheries and Forestry report of 2023, the gross value of Australian fisheries and aquaculture production (GVP) is forecast to grow by 8% in 2022-23, peaking at $3.63 billion. This helps in increasing feed protein market.

Competitive Landscape

The major global players in the market include DuPont, Hamlet Protein, Crop Energies AG, Evershining Ingredient Co., Ltd., Imcopa Food Ingredients B.V., Titan Biotech, Janatha Fish Meal & Oil Products, Alltech, Prinova Group LLC and Bio-marine Ingredients Ireland Ltd.

COVID-19 Impact Analysis

The pandemic has brought a disruption in the supply chain, which caused a decline in the availability of products in the market. Due to government lockdown restrictions, many manufacturing companies are shut down. During the pandemic, consumers have shifted toward high-protein foods which has increased the demand for the usage of feed proteins for high-quality production.

Russia-Ukraine War Impact Analysis

Theconflict between the Russia and Ukraine has brought a disruption in countries economy which has lead to shut down of many manufacturing companies due to less exports, imports and employement rate. This lead to less availability of products in the market, which has led to a negitive impact on global feed protein market.

By Type

• Concentrate
• Isolate
• Others

By Livestock

• Poultry
• Broilers
• Layers
• Turkey
• Others
• Swine
• Starter
• Grower
• Sow
• Others
• Cattle
• Dairy
• Calf
• Others
• Aquaculture
• Salmon
• Trout
• Shrimp
• Carp
• Eel
• Herring
• Others
• Pet food
• Dogs
• Cats
• Birds
• Fish
• Others
• Others

By Product

• Plant Protein
• Oilseed Meal
• Soymeal
• Rapeseed Meal
• Sunflower Meal
• Copra Palm
• Cottonseed Meal
• Fish Meal
• Animal-Based Proteins
• Meat & Bone meal
• Feather meal
• Blood meal
• Poultry meal
• Meat meal
• Others

By Distribution Channel

• Company Stores
• E-Commerce
• Hypermarkets/Supermarkets
• Specialty Stores
• Others

By Form

• Dry
• Liquid
• Others

By Source

• Animal Feeds
• Plant Feeds

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In June 2022, Wilbur-Ellis Nutrition acquired F.L. Emmert, a manufacturer and marketer of nutritional solutions. The acquisition will expand the company's product and customer base in pet food with value-added products of livestock and aquaculture, and a great potential for Emmert's research and development capabilities.
• In July 2022, the Iowa Poultry Association (IPA) and the Chicken and Egg Association of Minnesota (CEAM) merged to create an industry leader in poultry associations.
• In June 2022, Buhler created a joint venture with IMDHER S.A. de C.V. that will drive efficiency, quality and sustainability in the Mexican feed industry.

Why Purchase the Report?

• To visualize the global feed protein market segmentation based on type, livestock, product, form, distribution channel, source and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of feed protein market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global feed protein market report would provide approximately 81 tables, 88 figures and 186 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies