Animal Feed Protein Market Estimated Growth Potential Through 2023-2032

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Animal Feed Protein Market Estimated Growth Potential Through 2023-2032

The Animal Feed Protein Global Market Report 2023 by The Business Research Company, provides animal feed protein market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Animal Feed Protein Global Market Report 2023, the market size is expected to grow from $275.33 billion in 2022 to $290.28 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The global animal feed protein market size is expected to reach $343.45 billion in 2027 at a CAGR of 4.3%.

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.

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The animal feed protein market 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

Product innovation is a key trend gaining popularity in the animal feed protein market. Major companies operating in animal feed protein are focused on developing innovative solutions to strengthen their position in the market. For instance, in December 2021, BASF SE., a German-based multinational chemical company, launched its enzyme product, Natupulse, for animal feed. It increases the digestibility of feed, which has a positive effect on the animal. Additionally, it reduces the digesta viscosity in diets with different feed compositions. Natupulse makes feeding more cost-effective and supports the more sustainable production of animal protein, and it is a protein-based molecule that increases nutrient utilization in feed.

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. Animal Feed Protein Market Size And Growth

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26. Africa Animal Feed Protein Market

27. Animal Feed Protein Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Animal Feed Protein Market

29. Animal Feed Protein Market Future Outlook and Potential Analysis

30. Appendix