Global Animal Feed Protein Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope
Animal feed protein is food that is fed to farm animals, typically livestock, as part of their care. Animal protein meals are utilized to feed animals as these proteins are vital structural components of animal tissues. This feed aids in the improvement of animal immunity, performance, and productivity.

Sizing and Forecast
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%.  The growth in the historic period can be attributed to rising demand for animal products, population growth and urbanization, livestock farming intensification, nutritional requirements for livestock, 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%.  The growth in the forecast period can be attributed to growing awareness of sustainable diets, shift towards plant-based proteins, regulatory emphasis on livestock health, technological innovations in feed formulation, focus on circular economy. Major trends in the forecast period include emphasis on sustainable and ethical sourcing, adoption of biotechnological innovations in protein production, shift towards alternative protein ingredients, customized protein blends for different livestock species, exploration of CRISPR technology for protein enhancement.

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Segmentation & Regional Insights
The animal feed protein market covered in this report is segmented –
1) By Product: Plant Protein, Animal Protein, Alternative Protein
2) By Livestock: Poultry, Swine, Cattle, Aquaculture, Petfood, Equine
3) By Form: Dry, Liquid

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.

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Major Driver Impacting Market Growth
Increased demand for meat products is expected to propel the growth of the animal feed protein market going forward. Meat is a processed product that comes from the processing of livestock or the further processing of similar animals. Animal feed protein is used to feed animals to increase their protein content with its higher protein quality, which is usually growing to build muscle mass and highly nutritional diets that maintain the health of the animals and increase the quality of such end products as meat, milk, or eggs. For instance, in July 2022, according to the Agricultural Outlook 2022-2031 report, a US-based intergovernmental organization, global meat production experienced a 5% growth in 2021, reaching an estimated 339 million metric tons. This increase was primarily driven by a significant 34% rise in pig meat production in China. Furthermore, according to an article published in February 2021 by The Culinary Institute of America, a private institution for food and wine education based in the United States, the average adult male American consumes 75% more protein than is required, while the average adult female American consumes 50% based foods, such as meat, fish, poultry, eggs, and dairy. Therefore, increased demand for meat products is driving the growth of the animal feed protein treatment market.

Key Industry Players
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

The animal feed protein market report table of contents includes:
1. Executive Summary
2. Animal Feed Protein Market Characteristics
3. Animal Feed Protein Market Trends And Strategies
4. Animal Feed Protein Market - Macro Economic Scenario
5. Global Animal Feed Protein Market Size and Growth
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32. Global Animal Feed Protein Market Competitive Benchmarking
33. Global Animal Feed Protein Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Animal Feed Protein Market
35. Animal Feed Protein Market Future Outlook and Potential Analysis
36. Appendix