How Has the Animal Feed Protein Market Evolved Historically and What is its Current Size
The animal feed protein market has seen considerable growth due to a variety of factors.
• The market size of animal feed protein has been expanding steadily over the last few years. It is set to increase from a market value of $299.02 billion in 2024 to $312.29 billion in 2025, with a compound annual growth rate (CAGR) of 4.4%.
Factors contributing to growth during the historical period include increased demand for animal products due to population growth and urbanization, intensified livestock farming, the specific nutritional needs of livestock, and the global expansion of the livestock industry.
What Are The Estimated Market Size And Expected Annual Growth Rates For Globa Animal Feed Protein Market?
The animal feed protein market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for protein in animal feed is projected to witness substantial growth in the forthcoming years, reaching a value of $391.19 billion in 2029, with a compound annual growth rate (CAGR) of 5.8%.
Factors contributing to this growth during the predicted period include increasing consciousness about sustainable eating, a shift towards plant-derived proteins, regulatory focus on the health of livestock, technological advancements in feed formulation, and emphasis on a circular economy. Core trends for the forecasted period encompass attention to sustainable and ethical sourcing, embracing biotechnology innovations in protein production, moving towards alternative protein components, tailored protein mixtures for diverse livestock species, and investigation of CRISPR technology for protein augmentation.
What Are The Key Drivers Fueling Growth In The Animal Feed Protein Market?
The surge in meat product consumption is anticipated to fuel the expansion of the animal feed protein market in the future. Meat, a derivative of livestock or related animal processing, necessitates the use of animal feed protein to boost their protein levels due to its superior protein standard. This standard is essential for fostering muscle growth and providing wholesome diets that preserve animal health and enhance the standard of derived products like meat, milk, or eggs. For example, as per the Agricultural Outlook 2022-2031 report published in July 2022 by a US intergovernmental organization, global meat production saw a 5% rise in 2021, attaining approximately 339 million metric tons. This surge was predominantly due to a huge 34% hike in pig meat production in China. Hence, the escalating demand for meat products is propelling the evolution of the animal feed protein treatment market.
What Are The Key Segments Within The Global Animal Feed Protein Market?
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
Subsegments:
1) By Plant Protein: Soy Protein, Pea Protein, Wheat Protein, Corn Protein, Sunflower Protein
2) By Animal Protein: Fish Meal, Meat and Bone Meal, Blood Meal, Dairy Protein, Egg Protein
3) By Alternative Protein: Insect Protein, Single-Cell Protein, Mycoprotein (fungal protein), Fermentation-Derived Proteins
Pre-Book The Animal Feed Protein Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are New Trends Impacting The Size Of The Animal Feed Protein Market?
The animal feed protein market is experiencing a growing trend towards product innovation. Major industry players are seeking to bolster their standing in the market through the introduction of ingenious solutions. As an illustration, Evonik Industries AG, a chemical company based in Germany, launched an improved version of its Biolys product, a crucial livestock feed additive, in June 2, 2023. The goal of this launch is to reinforce the company's presence in the animal nutrition sector by providing a more effective L-lysine source, a livestock essential amino acid. The advanced formulation features a more concentrated L-lysine percentage of 62.4%, enhancing nutrient supply and meeting animal dietary needs with a reduced volume of the product.
Who Are the Key Players in the Animal Feed Protein Market?
Major companies operating in the animal feed protein market include:
• Cargill Incorporated
• Archer Daniels Midland Company
• Tyson Foods Inc.
• CHS Inc.
• Smithfield Foods. Inc.
• DuPont de Nemours Inc.
• Wens Foodstuff Group
• Kerry Group PLC
• BRF S.A.
• Nutreco N.V.
• Darling Ingredients Inc.
• Glanbia PLC
• Industrias Bachoco
• S.A. de C.V.
• ForFarmers NV
• Hilmar Cheese Company Inc.
• Purina Mills LLC
• Purina Animal Nutrition LLC
• Hamlet Protein A / S
• Nordic Soya Oy
• 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
What are the Regional Insights into the Animal Feed Protein Market?
Asia-Pacific was the largest region in the animal feed protein market in 2024. The regions covered in the animal feed protein market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
