PUBLISHER: 360iResearch | PRODUCT CODE: 1495510
PUBLISHER: 360iResearch | PRODUCT CODE: 1495510
[184 Pages Report] 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.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 11.43 billion |
Estimated Year [2024] | USD 12.33 billion |
Forecast Year [2030] | USD 19.89 billion |
CAGR (%) | 8.22% |
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
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.
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. [Published On: 2023-11-21]
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. [Published On: 2023-02-24]
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. [Published On: 2023-02-15]
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 Sudzucker 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