The global feed protein market size was approximately USD 66.64 Billion in 2024. The market is further projected to grow at a CAGR of 8.40% between 2025 and 2034 to attain a value of USD 149.29 Billion by 2034.
Meat is the main source of protein in developed markets and is witnessing a growing market in developing countries, especially in Asia and Africa, owing to a rise in disposable income. This aids the demand for feed protein in swine and poultry farming. According to the Organisation for Economic Co-operation and Development (OECD) Food and Agriculture Organization (FAO) Agricultural Outlook 2021-2030, poultry meat is anticipated to represent 41% of all the protein from meat sources in 2030, globally. The swift expansion of the population, along with rising awareness of health, play a role in the worldwide surge in the consumption of seafood products and the demand for feed protein to sustain aquatic life.
Some of the factors driving the feed protein market growth are the growing focus on optimal nutrition of livestock, the growing demand for meat and dairy, and the trend of pet humanisation.
Key Trends and Developments
Rising demand for animal protein, expanding livestock population, availability of plant-based protein sources, and growing dairy production are factors boosting the feed protein market development.
July 2023
CropEnergies AG declared an investment exceeding EUR 100 million in multiple projects at its subsidiary Ensus UK Ltd.'s production site in Wilton, UK. These investments aim to strengthen its position in the European ethanol and protein markets and reduce CO2 emissions.
July 2023
Hill's Pet Nutrition added MSC-certified Alaskan Pollock and insect protein to its existing "Science Diet Sensitive Stomach and Skin line”.
June 2023
BENEO responded to growing consumer and processor interest in plant-based pet foods by launching a new toolbox of high-quality and non-GMO plant-based proteins for pet food and treat formulas.
Demand for locally sourced feed protein
By procuring feed proteins that are locally produced and organic, manufacturers can lower their reliance on imports and improve their profitability.
Increasing popularity of aquaculture
The rising demand for seafood has increased the pressure on fish stock globally. This is leading to the adoption of fish and seafood farming to meet the growing demand for seafood and provide a greater opportunity for aquatic feed protein.
Rising pork production
China is the world’s largest pork producer with several multi-story pig farms. The country's pork output expanded by 4.6% in 2022 from 2021 levels, reaching 55.41 million tonnes. The growing pig population contributes to the demand for feed proteins for the maintenance, growth, and reproductive health of swine.
Demand for animal protein
People are incorporating animal protein products, like meat and eggs into their diets. As a result, the growing need for animal-derived proteins supports the market for animal-feed proteins.
Global Feed Protein Market Trends
Consumers in developing countries in Asia and Africa are witnessing an increase in their population and disposable incomes. Further, people are focussing on consuming healthier foods and incorporating animal protein products, like meat and eggs into their diets. Diverse plant-based protein sources for animal-feed proteins aid the manufacturing of nutritious animal feed. For instance, animal-feed protein can be obtained from a variety of plant sources, including soybean, pea, cereals, pulses, and rapeseed, all of which have excellent nutritional value that is crucial for the health and immunity of animals.
As per the feed protein market report, the trend of pet humanisation is aiding the demand for soy protein concentrate (SPC) in pet foods. Owners seek high-quality and nutritious foods for their pets. This aids the market for SPC which is a rich source of crude protein to produce dry extruded, semi-moist, or canned foods for pets. SPC also improves the texture and palatability of pet food.
Global Feed Protein Industry Segmentation
Global Feed Protein Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
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