November 03, 2021
According to a research report titled ‘Global Animal Feed Protein Ingredients Market, by Product By Livestock (Poultry [Broiler, Layer, Turkey], Swine [Starter, Grower, Sow], Cattle [Dairy, Calf], Aquaculture [Salmon, Trout, Shrimp, Carp, Yellow Catfish, Snakehead, Seabass, Pomfret, Herring, Eel, Turtle and Crab ], Pet Food, Equine), Regional Outlook, Industry Analysis Report, Price Trend, Competitive Market Share & Forecast, 2021- 2027’, available with MarketStudyReport, global animal feed protein ingredients market is anticipated to generate lucrative returns by 2027.
Increasing consumption of animal products worldwide, growing investments in the field, and supportive government initiatives are likely to propel the global animal feed protein ingredients market growth through 2027. Surging consumer demand for nutritious and high-quality animal produce has considerably increased the product adoption over years.
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Major industry competitors are using numerous profitable tactics, such as mergers, acquisitions, and alliances, to capitalize on emerging trends, consequently boosting the market expansion.
By product, soymeal oilseed meals segment is expected to grow at a CAGR of 6.8% throughout the study period. While, sunflower meal segment is predicted to develop at 5.8% CAGR through 2027.
Parallelly, meat & bone meal segment of animal by-product meals product terrain is expected to record a y-o-y growth rate of 6.8% over the next six years, and blood meal segment is reckoned to register 10.8% CAGR through 2027.
In terms of livestock, the broiler segment under poultry sector is expected to gain a significant share in global animal feed protein ingredients market, growing at nearly 6.6% CAGR over the forecast period. While, the salmon aquaculture segment is expand at 6.2% CAGR throughout the study timeframe.
Considering the geographical aspect, Latin America market size is expected to grow at a CAGR of 6.1% through 2027. Meanwhile, Middle East & Africa industry is estimated to record annual growth rate of 5.5% over the forecast period.
The key players in global animal feed protein ingredients market are Hamlet Protein A/S, Crescent Biotech, Azelis Holding S.A., Marutham Bio Ages Innovations Pvt Ltd., BRF S.A., Haarslev Industries A/S, ATA FOOD & BIOTECH TECHNOLOGIES INC, Great Pacific BioProducts Ltd., C. R. Brown Enterprises Inc., 3d Corporate Solutions LLC, Bio-Marine Ingredients Ireland Ltd., Sopropêche, Sotexpro S.A., Fenchem Biotek Ltd., Prinova Group LLC, Nutrifish, Vetbiochem Group, Alltech, Janatha Fish Meal & Oil Products, Proliver BVBA, Priya Chemicals, Akola Chemicals (India) Ltd., Titan Biotech Limited, GFR Ingredients Inc., Green Labs LLC, A. Costantino & C. S.p.A., Calysta Inc., and Koninklijke DSM N.V. among others.