Global Animal Feed Protein Ingredients Market was valued at USD 204.24 billion in 2021 and is expected to reach USD 317.18 billion by the year 2028, at a CAGR of 6.49%.
In animal's proteins perform many vital activities in the form of enzymes, hormones, and antibodies. Proteins in animal feed mainly come from plant-based sources or animal-based sources. Furthermore, animal-based sources are byproducts or leftovers after an animal is rendered for its meat whereas plant-based sources are different crops that are cultivated for human consumption as well as for animal feed. The soybean crop is the most cultivated crop for animal feed protein.
Nearly 70% of soybean crop production is for protein sources in animal feed. Additionally, in countries where the production of the soybean crop is not feasible rapeseed is the most cultivated crop in these countries.Moreover, animal-based sources are bonemeal or meat meals but the use of animal-based protein sources is restricted in some European and Asian countries. Proteins from plant sources provide all the necessary amino acids as well as other nutrition components like fibers. Moreover, fibers play an important role in aiding digestion in the animal gut which is absent in animal-based protein sources.
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The Major Players in The Global Animal Feed Protein Ingredients Market:
- ADM (US)
- DSM (Netherlands)
- Vigon International LLC (US)
- Zochem Inc (Canada)
- CropEnergies AG (Germany)
- Evershining Ingredient Co.
- Ltd (Thailand)
- IMCOPA Food Ingredients B.V. (Netherlands)
- Alltech (US)
- HAMLET PROTEIN (US)
- DuPont (US)
- Nutreco (Netherlands)
- Zinpro Corp (US)
- Biochem Zusatzstoffe Handels (Germany)
- Purina Animal Nutrition LLC (US) an other major players.
Market has segmented the Global Animal Feed Protein Ingredients Market on the basis of type, application, and region:
By Source :
- Plants
- Animal Byproducts
- Others
By Livestock :
- Poultry
- Aquaculture
- Cattle
- Swine
- Pet Food
- Equine
By Regional Outlook (Revenue, USD Billion, 2022 – 2028)
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
Shutting down of companies resulted in high pricing of animal feed protein products that were available in the market which were financially expensive for farmers therefore, ignorance by farmers to purchase these products was observed. After the decline in the cases of COVID-19 manufacturing companies were refrained from operating with the maximum number of workers which resulted in less production and a shortage in supply. Various governments-imposed bans on imports and exports of goods thus resulting in scarcity of raw materials used in the production of animal feed protein ingredients. During the pandemic, people were more concerned about their health which prevented them from buying products for animal nutrition. Recovering economies and proper supply chains are expected to reshape the development in the animal feed protein ingredient market during the forecast period.
Reasons to purchase the report:
- Visualize the composition of the Global Animal Feed Protein Ingredients Market products in terms of Product and application highlighting the critical commercial assets and players.
- Identify commercial opportunities in the Global Animal Feed Protein Ingredients Market by analyzing trends and co-development deals.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Table of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Source
3.2 By Livestock
To be continued…….
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