Feed Plant-Based Protein Market Size, Share, Growth Analysis, By Source (Soy, Wheat), By Livestock (Pets, Swine), By Type, By Region - Industry Forecast 2025-2032

Global Feed Plant-Based Protein Market size was valued at USD 14.1 billion in 2023 and is poised to grow from USD 15.0 billion in 2024 to USD 24.64 billion by 2032, growing at a CAGR of 6.4% during the forecast period (2025-2032).

The feed protein market is experiencing a significant shift, driven by the increasing awareness of the benefits of plant-based proteins for animal health and growth. Key segments like calves, broilers, and pigs rely on amino acids for optimal nutrition and metabolism, fostering a demand for alternative protein sources. The rising popularity of vegan diets, coupled with emerging markets in Southeast Asia, Latin America, and the Middle East & Africa, presents substantial opportunities for plant-based protein manufacturers. Interestingly, vegans and vegetarians with pets are more inclined to choose plant-based options for their animals. With minimal differences between animal- and plant-based feed proteins, the growing acceptance and utilization of plant-based proteins are set to fuel market expansion in the coming years.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Feed Plant-Based Protein market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Feed Plant-Based Protein Market Segmental Analysis

Global Feed Plant-Based Protein Market is segmented by Source, Livestock, Type and Region. Based on Source, the market is segmented into Soy, Wheat, Pea, Sunflower and Others. Based on Livestock, the market is segmented into Pets, Swine, Ruminants, Poultry and Aquatic animals. Based on Type, the market is segmented into Concentrates, Isolates and Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Feed Plant-Based Protein Market

The Global Feed Plant-Based Protein market is experiencing significant growth driven by the rising demand for vegetarian protein among the human population, which is influencing the formulation of animal feed. As more people opt for plant-based nutrition, pets, such as dogs and cats, are increasingly being fed plant-protein diets that reflect their owners' preferences. Additionally, concerns regarding farm animal welfare and rights have prompted many pet owners to prioritize humane and ethical treatment in food production systems. The negative perceptions surrounding meat consumption, combined with heightened awareness of environmental sustainability issues, further contribute to the increasing shift toward plant-based options in pet food.

Restraints in the Global Feed Plant-Based Protein Market

The Global Feed Plant-Based Protein market faces significant constraints due to rising costs and stringent regulations in certain regions. Compared to the more lenient regulations of Asia Pacific and South America, European and North American authorities impose rigorous standards on the components permitted in animal feed. These governing bodies enforce diverse rules regarding ingredients in pet food, which can encompass preservatives, ethoxyquin, and artificial coloring agents. The lack of a cohesive regulatory framework has hindered global trade in feed ingredients, resulting in substantial financial losses for companies that have invested heavily, only to be impacted by varying legal requirements.

Market Trends of the Global Feed Plant-Based Protein Market

The Global Feed Plant-Based Protein market is experiencing significant growth, driven by key players such as DuPont, Roquette Freres, Kerry Group, and Ingredion who are innovating in plant-derived protein sources. Recent advancements in research and development within the pet food industry have led to the creation of appealing products, such as the highly regarded PurePal pet food from the Kerry Group, which has increased consumer demand due to its enhanced aroma. As sustainability and health trends gain traction, the market is expected to expand further, reflecting a shift towards more environmentally friendly protein alternatives and increased awareness of plant-based nutrition for pets.