Animal Feed Probiotics Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Animal Feed Insect Protein Market reached USD 587.56 million in 2023 and is projected to grow at a CAGR of 7.3% from 2024 to 2032. Insect proteins, particularly from black soldier fly larvae and mealworms, are gaining traction as sustainable and high-quality alternatives to traditional protein sources like soy and fishmeal. These insects are rich in protein, essential amino acids, and other nutrients crucial for animal nutrition. The market's growth is driven by the increasing demand for sustainable and eco-friendly protein sources. Insects offer a high-protein, resource-efficient alternative to conventional animal feeds, addressing concerns about resource depletion and greenhouse gas emissions.

The overall animal feed insect protein industry is classified based on the insect type, livestock, and region.

By insect type, the black soldier fly is expected to capture USD 321.23 million and grow at a CAGR of 6.1% by 2032. The black soldier fly (BSF) is the market leader due to its impressive feed conversion efficiency and rapid growth rate. BSF larvae excel at converting organic waste into high-quality protein and fats, making them a cost-effective option for large-scale feed production. Their adaptability to various waste products reduces feed costs and promotes sustainable waste management. Additionally, BSF larvae have a nutritional profile rich in protein and essential fatty acids, making them highly sought after for various animal feed applications, from poultry to aquaculture.

By livestock, the aquaculture segment is projected to grow to USD 347.17 million, achieving a CAGR of 5.4% by 2032. Aquaculture leads the animal feed insect protein market due to its need for high-quality, sustainable feed sources. As the sector expands to meet global seafood demands, it faces the challenge of reducing its environmental footprint and moving away from traditional fishmeal. Insect protein offers a sustainable alternative, aligning with aquaculture's quest for efficient and eco-friendly feeds. Insects' ability to convert organic waste into valuable protein enhances their appeal in aquaculture feeds, driving market growth and emphasizing their role in sustainable seafood production.

Asia Pacific's animal feed insect protein market is projected to reach USD 439.65 million by 2032, growing at a CAGR of 5.9%. The region's significance stems from a rapidly growing population, rising demand for protein-rich animal products, and an increasing emphasis on sustainable agricultural practices. Countries like China, India, and various Southeast Asian nations are witnessing a notable uptick in the incorporation of insect proteins into animal feed formulations. China stands out as a dominant player, driven by its commitment to developing sustainable protein sources and reducing reliance on traditional feed components.

Product Code: 5393

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Data mining sources
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Value chain
- 3.1.2 Key manufacturers
- 3.1.3 Go to market routes
- 3.1.4 Key distributors
  - 3.1.4.1 New distribution channels
- 3.1.5 Profit margins across the industry
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing in the production of compound feed
  - 3.2.1.2 Growing consumer demand for convenience and ready-to-eat meat products
  - 3.2.1.3 Increase in incidences of intestinal disorder among livestock
- 3.2.2 Market challenges
  - 3.2.2.1 High production costs.
  - 3.2.2.2 Regulatory challenges and approval processes.
- 3.2.3 Market opportunities
  - 3.2.3.1 New markets/applications
  - 3.2.3.2 Growth potential analysis
3.3 Raw material landscape
- 3.3.1 Manufacturing trends
  - 3.3.1.1 Technology evolution
  - 3.3.1.2 Sustainable manufacturing
    - 3.3.1.2.1 Green practices
    - 3.3.1.2.2 Decarbonization
- 3.3.2 New raw materials
- 3.3.3 Raw material pricing trends (USD/Kilo Tons)
  - 3.3.3.1 North America
  - 3.3.3.2 Europe
  - 3.3.3.3 Asia Pacific
  - 3.3.3.4 Latin America
  - 3.3.3.5 MEA
3.4 Regulations and market impact
3.5 Porter's analysis
3.6 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Size and Forecast, By Product, 2021-2032 (USD Million, Kilo Tons)

5.1 Key trends
5.2 Lactobacilli
5.3 Bifidobacterium
5.4 Streptococcus
5.5 Bacillus
5.6 Others

Chapter 6 Market Size and Forecast, By Livestock, 2021-2032 (USD Million, Kilo Tons)

6.1 Key trends
6.2 Poultry
6.3 Swine
6.4 Cattle
6.5 Aquaculture
6.6 Pet food
6.7 Equine
6.8 Others

Chapter 7 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)

7.1 Key trends
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Rest of Europe
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Australia
- 7.4.6 Rest of Asia Pacific
7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
- 7.5.4 Rest of Latin America
7.6 MEA
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 South Africa
- 7.6.4 Rest of MEA

Chapter 8 Company Profiles

8.1 ADM (ARCHER-DANIELS-MIDLAND COMPANY)
8.2 Evonik Industries
8.3 LAND O' LAKES, Inc.
8.4 Koninklijke DSM N.V.
8.5 International Flavors and Fragrances Inc.
8.6 Ohly
8.7 Chr. Hansen Holding A/S
8.8 Kemin Industries, Inc.
8.9 Provita Animal Health
8.10 Alltech
8.11 Orffa
8.12 Cargill
8.13 Adisseo