Global Feed Protein Market Report and Forecast 2023-2028

According to the report, the global feed protein market reached a value of USD 62.9 billion in 2022. Aided by the escalating consumer interest in protein-fortified animal feeds and the diversification of feed protein sources across industries, the market is projected to further grow at a CAGR of 8.10% between 2023 and 2028 to reach a value of USD 98.4 billion by 2028.

Feed protein plays a pivotal role in animal nutrition, enhancing growth, fertility, and overall health. These proteins are commonly derived from various sources such as soybeans, fishmeal, and increasingly from alternative sources like algae and insect protein. With growing concerns over sustainability and the environment, feed proteins have become indispensable to meet the nutritional demands of livestock, poultry, and aquaculture systems, without depleting natural resources.

One of the primary drivers for the global feed protein market growth is the burgeoning demand for meat and dairy products. As per recent studies, there has been a remarkable surge in the consumption of animal-based foods, pushing livestock and poultry farmers to opt for higher-quality feeds that could ensure better growth and health for the animals. The increasing public awareness regarding the necessity of protein in animal diets has significantly contributed to this trend.

The parallel rise in the popularity of aquaculture, driven by a global demand for fish and seafood products, has augmented the feed protein market demand. This has introduced a new vertical within the market, specialised in developing and distributing protein feeds designed to maximise fish growth and health.

Additionally, sustainability concerns are ushering in a new era of feed protein sourcing. Traditional sources like fishmeal are under scrutiny due to overfishing and ecological imbalance. This has given impetus to the exploration of alternative protein sources, such as insect protein and single-celled proteins like algae and yeast. As per the feed protein market analysis, these novel protein sources are not only sustainable but also provide a balanced amino acid profile, making them highly desirable for various livestock needs.

The push towards more sustainable and diverse sources of feed protein is likely to shape the market's future significantly. Advances in biotechnology and agricultural science could offer more efficient methods for protein extraction and processing, thereby reducing costs and ecological impact and further increasing the value of feed protein market size.

Market Segmentation

The market can be divided based on type, source, application, and region.

Market Breakup by Type

• Concentrate
• Isolate

Market Breakup by Source

• Animal Based
• Soy
• Cereals
• Rapeseed
• Pulses
• Pea
• Others

Market Breakup by Application

• Pet Food
• Swine
• Poultry
• Aquatic
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global feed protein market. Some of the major players explored in the report are as follows:

• Roquette Frères
• Kerry Group plc
• AGRANA Beteiligungs-AG
• Royal Avebe
• Ingredion Incorporated
• Emsland Group
• CropEnergies AG
• Nuproxa Switzerland Ltd.
• Schils BV
• AMINOLA BV
• Others

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.