As per the market research report titled ‘Protein Market for Animal Feed Application Size by Product (Plant Protein, Animal Protein, Alternative Protein, Animal Feed Protein Ingredients), By Application (Poultry, Swine, Cattle, Aquaculture, Petfood, Equine), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, the protein market for animal feed is expected to amass a substantial returns through 2027

Industry analysts are of the opinion that the inclusion of protein in animal diet aids in reducing the risk of cardiovascular diseases, prevents cholestasis and promotes better digestive function and immunity. Benefits of protein in animal feed such as reduced risks of diseases and burgeoning demand for eggs, milk, and other livestock items has positively impacted the growth trajectory of protein market for animal feed in the recent years.

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However, stringent regulatory norms may stifle the upward growth trend in the forthcoming years.  

Moving on to segmentation, based on product type, the animal feed protein ingredients sub-segment is expected to garner a substantial valuation by 2027, expanding at a notable CAGR of more than 6% during the analysis period.

With respect to application, the swine sub-segment is estimated to account for around 20% of the overall market share throughout the assessment timeframe. Meanwhile, the equine sub-segment is estimated to grow at an annual rate of 3.5% through the forecast period.

The pet food sub-segment is expected to reach a valuation of USD 14 billion the end of the stipulated timeframe, The others application segment, which includes camels, birds and small ruminants, is expected to garner strong returns during the review period.

From a regional standpoint, Latin America protein market for animal feed currently holds nearly 9% of the overall share and is expected to continue exhibiting strong growth trends during 2021-2027.

Parallelly, the Middle East and Africa market is expected to garner strong returns within the review period owing to a surge in the consumption of fish and fish products in the area.

Elaborating on the competitive landscape, Archer Daniels Midland Company, Cargill Inc., Kerry Group plc, Unibio International, CJ Selecta, The Scoular Co., Crescent Biotech, Calysta Inc., AB Mauri, Nutraferma Inc., Imcopa Food Ingredients B.V., Titan Biotech Ltd., Lallemand Inc., E.I. DuPont de Nemours & Company, and Hamlet Protein among others.