Feed Protein Market Size, Share, Opportunities, And Trends By Product (Plant Protein (Soybean, Oil Meal Crops, Legumes), Animal Protein), By Livestock (Poultry, Swine, Cattle, Aquaculture, Others), And By Geography - Forecasts From 2023 To 2028

The feed protein market is anticipated to grow at a steady pace during the forecast period.

Approximately 70% of production expenditures go toward feed, which is the most expensive component. The highest-value feed component is protein. Proteins are essentially condensations of amino acids created by peptide bonds. Animal feed formulators search for components with high protein content and an acceptable balance of amino acids at reduced prices because it is an essential component in the manufacturing of feed. Research and development teams can offer answers for alternative protein sources that satisfy the requirements in these circumstances. The production animal can operate at its highest zootechnical level when new protein sources, including hydrolyzed proteins, are used. Additionally, they provide certain functions like anti-oxidant, anti-microbial, anti-fungal, anti-viral, and anti-parasitic properties.

It is anticipated that evolving economic trends, pricing, and enhancing agricultural financial conditions in developing nations would fuel the market for feed proteins to expand even more.

Demand for animal feed proteins is driven by the increase in demand for packaged and processed meat as well as the major advancement of food processing technology. For poultry, protein is a crucial ingredient that is essential for development, immunity, egg production, environmental adaption, and many other biological processes. Rising demand for the poultry meat business is another factor contributing to the increase in demand for insect protein in poultry animals. Protein feed supplements are the greatest choice for lowering dairy farm feed expenditures since they improve meal digestibility and feed conversion ratio while assisting in the efficient replenishment of necessary nutrients to livestock. The need for protein-rich feed products is expanding along with the number of livestock animals. For instance, 129 million dairy cows were estimated to be present in India in January 2022, according to official data.

Farmers who raise livestock are under intense pressure to raise the quality of their animals because of the rising global need for animal products like meat and dairy. However, growing feed costs are putting farmers in a difficult position where they must decide between increasing productivity and minimizing costs. Researchers in India discovered a method to improve crop residue's nutritional value so that it may be fed to cattle in December 2022, discouraging farmers from lighting it on fire, a practice that depletes soil minerals and seriously pollutes the environment. According to the research published in December, the novel approach entails carefully calibrated urea spraying into straw residue during baling. After a time of curing, the product displayed better flavor, digestibility, and protein absorption, which aided in improving animal development and milk production.

Key Developments.

• Bunge stated in December 2022 that it will spend US$550 million to construct a fully integrated soy protein concentrate, and textured soy protein concentrate factory in Indiana. The facility will be operational by mid-2025 once construction starts in 2023. The new facility is expected to provide for the growing demand from consumers for the essential components used in the manufacture of feed, processed meat, pet food, and plant-based meals. Nearly 4.5 million more bushels of soybeans are anticipated to be processed by it in the end.
• Aker BioMarine, based in Oslo, Norway, declared in December 2022 that it intends to work with partners LetSea and Nofima to carry out a significant research study on the effectiveness of krill in salmon diet. According to Aker BioMarine CEO Matt Johansen, the study will evaluate seven new feed ingredients, including krill, with the aim of boosting the utilization of new raw materials in fish feed from.4% to 25% by 2030. According to Aker BioMarine, krill can be used as a source of protein, omega-3 fatty acids, and even as an attractant in fish feed.

Despite North America's dominance of the bulk of the world's non-GMO feed sector, the Asia Pacific region is predicted to grow at a large rate.

In North America, there is a sizable market for packed and processed meat, and there have been substantial advancements in the region's feed processing technology. Notably, rising demand for compound feed that enhances performance, fiber content, and animal ef?ciency, along with rising sales of feed protein in poultry diets due to rising end-user choice for broilers in the food and beverage industry, is expected to accelerate market growth.

In the Asia-Pacific region, agriculture and food production have been recognized as essential sectors. In order to feed a growing number of Asia-Pacific consumers, farmers have therefore kept up their practice of giving farm animals high-quality nutrition. Thus, due to growing demand for meat products across many Asian nations, improved farm animals yield and reliability, consistent studies and innovation to establish animal husbandry techniques, growing usage of technology, and rising disposable income, Asia-Pacific market for feed proteins is expected to grow.

Feed Protein Market Scope:

Key Market Segments

• By Product
  • Plant Protein
    • Soybean
    • Oil meal crops
    • Legumes
  • Animal Protein
• By Livestock
  • Poultry
  • Swine
  • Cattle
  • Aquaculture
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East And Africa
    • Saudi Arabia
    • Israel
    • Other
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
    • Indonesia
    • Others