Animal Feed Protein Global Market Report 2024

Animal feed protein refers to the nutrition provided to farm animals, predominantly livestock, as an integral part of their overall care. These protein-rich meals play a crucial role in the diets of animals, serving as essential structural components for their tissues. The inclusion of animal protein in feed contributes significantly to enhancing animal immunity, overall performance, and productivity.

The primary categories of animal feed protein include plant protein, animal protein, and alternative protein. Plant protein is a significant protein source obtained from plants. It serves as a crucial nutritional component for various types of livestock, including poultry, swine, cattle, aquaculture, pet food, and equine. These plant-derived protein products are available in both dry and liquid forms, providing flexibility in their utilization for different animals and feeding preferences.

The animal feed protein market research report is one of a series of new reports from The Business Research Company that provides animal feed protein market statistics, including animal feed protein industry global market size, regional shares, competitors with animal feed protein market share, detailed animal feed protein market segments, market trends, and opportunities, and any further data you may need to thrive in the animal feed protein industry. This animal feed protein market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The animal feed protein market size has grown strongly in recent years. It will grow from $286.91 billion in 2023 to $301.67 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. Historical growth can be attributed to increased demand for animal products, population growth, urbanization, intensification of livestock farming, meeting nutritional requirements for livestock, and the globalization of the livestock industry.

The animal feed protein market size is expected to see strong growth in the next few years. It will grow to $372.95 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. Forecasted growth is driven by awareness of sustainable diets, a shift to plant-based proteins, regulatory focus on livestock health, innovations in feed formulation technology, and emphasis on the circular economy. Major trends include sustainable and ethical sourcing, biotechnological innovations in protein production, alternative protein ingredients, customized protein blends for livestock, and CRISPR technology for protein enhancement.

The anticipated surge in demand for meat products is poised to drive the growth of the animal feed protein market in the foreseeable future. Meat, derived from the processing of livestock or similar animals, undergoes further processing to become a consumable product. Animal feed protein plays a pivotal role in augmenting the protein content of livestock, contributing to enhanced protein quality. This increase is essential for promoting muscle mass growth and maintaining the overall health of animals, ultimately elevating the quality of end products such as meat, milk, or eggs. An illustrative example is found in the Agricultural Outlook 2022-2031 report from July 2022, released by a US-based intergovernmental organization. The report revealed a substantial 5% growth in global meat production in 2021, reaching an estimated 339 million metric tons. Notably, this growth was primarily attributed to a significant 34% increase in pig meat production in China. Additionally, an article published in February 2021 by The Culinary Institute of America, a reputable institution for food and wine education in the United States, indicated that the average adult male American consumes 75% more protein than necessary, while the average adult female American consumes 50%. This excessive protein intake is often derived from animal-based foods such as meat, fish, poultry, eggs, and dairy. Consequently, the heightened demand for meat products is a key factor propelling the expansion of the animal feed protein market.

The anticipated expansion of livestock production is set to propel the growth of the animal feed protein market. Livestock production involves the breeding and raising of animals for various purposes, primarily focused on the production of food, fiber, and other by-products. Within this context, animal feed protein assumes a critical role, acting as the fundamental building blocks for growth, muscle development, and the production of milk and eggs. As evidenced by data from Veterinary Extension in April 2023, global milk production experienced a notable 1.1% increase in 2021, reaching 887 million tons. This underscores the significant impact of animal feed protein on supporting the growth trajectory of the livestock production sector, substantiating its influence on the animal feed protein market.

The animal feed protein market is witnessing a notable trend of product innovation, with major companies actively engaged in developing cutting-edge solutions to enhance their market positioning. A case in point is BASF SE, a German-based multinational chemical company, which, in December 2021, introduced Natupulse, an enzyme product designed for animal feed. Natupulse has been engineered to elevate feed digestibility, yielding positive effects on the animals. Furthermore, it effectively reduces digesta viscosity in diets with diverse feed compositions. This innovation not only contributes to more cost-effective feeding practices but also aligns with the broader goal of fostering sustainable animal protein production. As a protein-based molecule, Natupulse plays a pivotal role in improving nutrient utilization in feed, exemplifying the commitment of major players to advancing and diversifying offerings within the animal feed protein market.

Prominent players in the animal feed protein market are actively dedicated to the development of innovative solutions, with a specific focus on lysine-based animal feeds. Lysine-based animal feed involves formulations where lysine serves as a pivotal ingredient or additive. Lysine, being an essential amino acid, plays a critical role in the protein synthesis of animals. A noteworthy example is Evonik Industries AG, a leading German-based specialty chemicals company, which, in June 2023, introduced 'Biolys'-a higher concentration of L-lysine. This innovative product allows customers to efficiently meet the essential amino acid L-lysine requirements of their animals. Biolys is comprised of granulated L-lysine integrated with a nutritionally dense biomass, exemplifying major companies' commitment to advancing novel solutions within the animal feed protein market.

In October 2022, United Petfood Producers NV, a prominent pet food manufacturing corporation based in Belgium, successfully acquired Gold Line Feeds Ltd., a UK-based animal feed manufacturing company, for an undisclosed sum. This strategic acquisition is designed to enhance United Petfood Producers NV's standing in the animal feed market while concurrently bolstering its production capacity for animal feed in the United Kingdom.

Major companies operating in the animal feed protein market report are Cargill Incorporated, Archer Daniels Midland Company, Tyson Foods Inc., CHS Inc., Nitta Gelatin Inc., Groupe LACTALIS, Smithfield Foods, Inc., Royal FrieslandCampina NV, Fonterra Co-operative Group Limited, DuPont de Nemours Inc., Wens Foodstuff Group, Kerry Group PLC, BRF S.A., Nutreco N.V., Arla Foods AmbA, Savencia Fromage & Dairy, Darling Ingredients Inc., Glanbia PLC, Industrias Bachoco, S.A. de C.V., ForFarmers NV, Gelita AG, Hilmar Cheese Company Inc., Purina Mills, LLC, Purina Animal Nutrition LLC, Hamlet Protein A / S, Nordic Soya Oy, Agrium Inc., Jellice Pioneer Private Limited, Pecuarius Laboratorios SA de CV, ADM Alliance Nutrition Inc., Aller Aqua A/s, Alltech Inc., Biomin, Charoen Pokphand Group, CP Group, De Heus a.s., Guangdong Haid Gr Co, New Hope Group, Sonac USA LLC

Asia-Pacific was the largest region in the animal feed protein market in 2023. The regions covered in the animal feed protein market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the animal feed protein market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The animal feed protein market consists of sales of soybean, poultry, and feather meals as well as meat and bone meals. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Animal Feed Protein Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on animal feed protein market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for animal feed protein ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The animal feed protein market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Product: Plant Protein; Animal Protein; Alternative Protein
• 2) By Livestock: Poultry; Swine; Cattle; Aquaculture; Petfood; Equine
• 3) By Form: Dry; Liquid
• Companies Mentioned: Cargill Incorporated; Archer Daniels Midland Company; Tyson Foods Inc.; CHS Inc.; Nitta Gelatin Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.