Feed Protein Market

Global Feed Protein Market Share, Size, Trends, Demand, Growth, Key Players, Report, Analysis, Forecast 2024-2032

Global Feed Protein Market Outlook

According to the report by Expert Market Research (EMR), the global feed protein market size reached a value of USD 66.64 billion in 2023. 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 8.40% between 2024 and 2032 to reach a value of USD 137.35 billion by 2032.

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, and 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.

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

There is an increasing emphasis on the nutritional quality of feed proteins in the feed protein market with a focus on amino acid profiles, digestibility, and bioavailability. This trend is driven by the need to optimise animal health and performance while reducing feed costs. Some livestock and poultry producers are vertically integrating their operations to include feed production. This trend can influence the demand for feed proteins, as these integrated companies may have specific requirements for their feed formulations.

There is a growing trend towards precision nutrition in animal feed, where the protein content and amino acid composition are tailored to the specific needs of different animal species and stages of growth. As per the feed protein market outlook, this approach aims to optimise feed efficiency and animal performance while reducing waste and environmental impact. Consumers and regulators are also demanding greater traceability and transparency in the feed and food supply chains. This trend is driving the adoption of technologies like blockchain to track the origin and production practices of feed protein ingredients, ensuring safety and quality.

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.

Regulatory changes and consumer preferences are influencing the feed protein market share. For example, there is a push for reduced antibiotic use in animal feed, leading to an interest in protein sources that can support animal health and immunity. Additionally, consumer demand for ethically produced and environmentally friendly products is impacting the choice of feed ingredients.

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Global Feed Protein 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 EMR 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 by Expert Market Research are as follows:

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

Insights found in the report: Frequently asked questions

What will the Global Food Protein market price be in 2023?

  • By 2023, the market will be valued at USD 66.64 billion.

What is the market development?

  • The Dietary Protein market is estimated to have a steady CAGR of 8.4% between 2024 and 2032.

What are the forecasts for the Global Feed Protein market from 2024-2032?

  • The market is estimated to witness healthy growth during the forecast period 2024-2032, and will reach around USD 137.35 billion by 2032.

What is a protein diet?

  • Protein feed is an essential nutrient for the productivity of farm animals. It provides adequate amounts of essential proteins and amino acids needed for animal health and growth.

What foods are high in protein?

  • The result of oil extraction is a soybean meal protein meal, with 44-50% crude protein and a balance of amino acids.

What are the key market drivers?

  • The main drivers are increased consumption of meat and dairy products, increased demand for animal feed with additional benefits to enhance animal health and performance.

What are the key market trends?

  • Key trends include increased health literacy, a focus on optimal animal health, and strong growth of the aquaculture industry.

What are the major internal markets for Food Protein, according to EMR report?

  • The major market regions are North America, Latin America, Middle East, Africa, Europe and Asia Pacific.

What are dietary proteins?

  • Various applications include poultry, pigs, cattle, aquaculture, pet food and more.

Who are the key players in the Food Protein industry according to the report?

  • Key market players include Roquette Frères, Kerry Group plc, AGRANA Beteiligungs-AG, Royal Avebe, Ingredion Corporation, CropEnergies AG, EW Nutrition, Emsland Group, Nuproxa Switzerland Ltd., Schils BV, and AMINOLA BV, among others.

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