
Feed Protein Ingredients Market by Source (Animal, Insect Proteins, Microbe-based Proteins), Form (Dry, Liquid), Application - Global Forecast 2024-2030
Description
Feed Protein Ingredients Market by Source (Animal, Insect Proteins, Microbe-based Proteins), Form (Dry, Liquid), Application - Global Forecast 2024-2030
The Feed Protein Ingredients Market size was estimated at USD 11.43 billion in 2023 and expected to reach USD 12.33 billion in 2024, at a CAGR 8.22% to reach USD 19.89 billion by 2030.
The feed protein ingredients market comprises entities that produce and distribute various high-quality protein components used in animal nutrition. These ingredients enhance the nutritional efficacy of animal feed, catering to the dietary needs of livestock, including poultry, swine, ruminants, and aquatic animals. The growth of the feed protein ingredients market is influenced by several factors, including rising meat and dairy consumption, innovations in processing technologies, and expansion of aquaculture operations worldwide, which necessitates high-quality feed protein ingredients to ensure the health and growth of aquatic animals. However, the prices of key feed protein ingredients are subject to fluctuations based on crop yields, geopolitical tensions, and trade policies, affecting overall market stability. Additionally, development of synthetic and lab-made protein alternatives are also impacts market growth. Moreover, to foster business growth within the feed protein ingredients market, players are focusing on research into non-conventional protein sources such as algae, insects, and microbial proteins to diversify supply and reduce dependency on traditional sources. At the same time, new formulations and processing methods are being developed to improve feed proteins' nutritional value and bioavailability.
Regional Insights
In the Americas, particularly in the United States, Canada, and Brazil, soybean meal forms the backbone of feed protein ingredients, supported by a robust soy cultivation system. North America significantly invests in research and development, striving for innovative feed solutions, such as incorporating fermented soy products and insect-based proteins, especially for aquaculture. In South America, there's a growing trend towards the use of by-products from the food industry, such as distillers' dried grains with solubles (DDGS) from the biofuel industry, as cost-effective protein sources. Due to its geographical and socio-economic diversity, the EMEA region presents a tapestry of feed protein sources. Europe is adopting sustainable and non-GMO feed ingredients, including rapeseed meal, pea protein, and lupin. The region is also a front-runner in regulatory frameworks for feed use for alternative proteins, such as insect meal and microbial proteins. The Middle East largely depends on protein imports, yet shows growing interest in aquaculture proteins, whereas Africa, with its vast agricultural biodiversity, explores local sources such as cassava leaf meal and fishmeal from sustainable fisheries. Due to its vast expanse and varied climates, the Asia Pacific region boasts a wide array of feed protein ingredients, reflecting the high demand from the surging livestock and aquaculture sectors. Southeast Asia relies heavily on fishmeal, alongside exploring alternative sources such as single-cell proteins. Moreover, developing countries are increasing their use of traditional feed ingredients such as pulses, oilseed meals, and soybean meal to boost self-sufficiency.
Market Insights
Market Dynamics
The market dynamics represent an ever-changing landscape of the Feed Protein Ingredients Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
Market Drivers
Growth and development of livestock population worldwide
Rising preferences for protein-rich diets among health-conscious people
Increasing advancements in feed technology and formulation strategies
Market Restraints
High cost of production of feed protein ingredients
Market Opportunities
Growing introduction of novel feed protein ingredients
Rising inclination towards single-cell feed protein
Market Challenges
Limited consumer acceptance of feed protein ingredients
Market Segmentation Analysis
Source: Increasing trend towards manufacturing plant-based proteins due to their high protein content and economic viability
Application: Expanding application of feed protein ingredients in poultry sector to ensure optimal growth
Market Disruption Analysis
Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Feed Protein Ingredients Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Feed Protein Ingredients Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Micro Harvest launches pilot plant to test and scale single-cell protein ingredients
MicroHarvest, a pioneering biotechnology firm, has taken a significant leap towards advancing the commercialization of its cutting-edge feed protein ingredients through the inauguration of a pilot plant at its Lisbon headquarters. This strategic move will enhance the pace of technology optimization, prototype creation, and production trials, propelling the company toward the early 2024 launch of its inaugural commercial product.
Acquisition of Nor-Feed
Adisseo has finalized its acquisition of Nor-Feed, a prominent French corporation renowned for its innovative approach to creating and marketing a range of botanical-based specialty ingredients and plant extracts tailored for the animal nutrition sector. This strategic move is integral to Adisseo's ambition to ascend as a global leader in the field of specialty ingredients for animal nutrition.
Loopworm: Creating insect protein for livestock and even pet food
Loopworm focuses on crafting insect-derived protein ingredients for animal feed applications, encompassing livestock, poultry, and aquaculture. Loopworm underscores an eco-friendly solution that minimizes environmental footprints. Moreover, their forward-looking approach includes the development of nutrient-packed pet food leveraging insect proteins.
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Feed Protein Ingredients Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Feed Protein Ingredients Market, highlighting leading vendors and their innovative profiles. These include A Constantino, Adisseo France SAS, Alltech, Archer-Daniels-Midland Company, BASF SE, BRF S.A., Burcon Nutrascience Corporation, Calysta, Inc., Cargill, Incorporated, CHS Inc., CJ Selecta SA, CropEnergies AG by Südzucker AG, Darling International Inc., Evershining Ingredient Co., Ltd., Fenchem, Hamlet Protein A/S, J. R. Simplot Company, Koninklijke DSM N.V., MicroHarvest GmbH, Mosaic Company, Nutraferma, Inc., Prinova Group LLC by NAGASE & CO., LTD., Sotexpro, and Titan Biotech Ltd..
Market Segmentation & Coverage
This research report categorizes the Feed Protein Ingredients Market to forecast the revenues and analyze trends in each of the following sub-markets:
Source
Animal
Dairy Protein
Egg Protein
Gelatin
Insect Proteins
Microbe-based Proteins
Algae
Bacteria
Fungi
Yeast
Plant
Cereals
Legumes
Nuts & Seeds
Form
Dry
Liquid
Application
Aquaculture Feed
Pet Food
Poultry Feed
Ruminant Feed
Swine Feed
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
Table of Contents
184 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growth and development of livestock population worldwide
- 5.1.1.2. Rising preferences for protein-rich diets among health-conscious people
- 5.1.1.3. Increasing advancements in feed technology and formulation strategies
- 5.1.2. Restraints
- 5.1.2.1. High cost of production of feed protein ingredients
- 5.1.3. Opportunities
- 5.1.3.1. Growing introduction of novel feed protein ingredients
- 5.1.3.2. Rising inclination towards single-cell feed protein
- 5.1.4. Challenges
- 5.1.4.1. Limited consumer acceptance of feed protein ingredients
- 5.2. Market Segmentation Analysis
- 5.2.1. Source: Increasing trend towards manufacturing plant-based proteins due to their high protein content and economic viability
- 5.2.2. Application: Expanding application of feed protein ingredients in poultry sector to ensure optimal growth
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Feed Protein Ingredients Market, by Source
- 6.1. Introduction
- 6.2. Animal
- 6.3. Insect Proteins
- 6.4. Microbe-based Proteins
- 6.5. Plant
- 7. Feed Protein Ingredients Market, by Form
- 7.1. Introduction
- 7.2. Dry
- 7.3. Liquid
- 8. Feed Protein Ingredients Market, by Application
- 8.1. Introduction
- 8.2. Aquaculture Feed
- 8.3. Pet Food
- 8.4. Poultry Feed
- 8.5. Ruminant Feed
- 8.6. Swine Feed
- 9. Americas Feed Protein Ingredients Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Feed Protein Ingredients Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Feed Protein Ingredients Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. Micro Harvest launches pilot plant to test and scale single-cell protein ingredients
- 12.3.2. Acquisition of Nor-Feed
- 12.3.3. Loopworm: Creating insect protein for livestock and even pet food
- 12.4. Strategy Analysis & Recommendation
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
Pricing
Currency Rates
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