Animal Feed Protein Ingredients Market Size, By Product (Oilseed Meals [Soymeal, Rapeseed/Canola Meal, Sunflower Meal, Copra Palm Meal, Cottonseed Meal], Fishmeal, Animal By-product Meals [Meat & Bone Meal, Feather Meal, Blood Meal, Poultry Meal, Meat Mea

Animal Feed Protein Ingredients Market Size, By Product (Oilseed Meals [Soymeal, Rapeseed/Canola Meal, Sunflower Meal, Copra Palm Meal, Cottonseed Meal], Fishmeal, Animal By-product Meals [Meat & Bone Meal, Feather Meal, Blood Meal, Poultry Meal, Meat Meal]), 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), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

Animal Feed Protein Ingredients Market is expected to grow considerably through 2032, owing to the rising benefits of animal proteins in feed. Animal protein meals offer a good source of essential amino acids, which help boost the immunity and nutritional value of livestock. Besides, animal feeds are constantly becoming a critical component of the integrated food chain. Livestock products comprise nearly 30% of the global agriculture value and 19% of the food production value and offer 34 percent of protein and 16 percent of the energy consumed in human diets.

Besides, the rising meat consumption in Asia Pacific, propelled by rise in population, growing middle-class population, and rising economic standards will positively impact the overall industry outlook.

The key providers in the market are incorporating strategic initiatives such as partnerships, mergers and acquisitions, R&D investments, and new product launches to gain a competitive edge in the industry. For instance, in November 2021, ADM announced taking over Deerland Probiotics & Enzymes. With this acquisition, ADM plans to fulfill the fast-growing demand from consumers for a diverse range of food, beverages, and supplements that enhance health and well-being.

Overall, the animal feed protein ingredients industry is segmented in terms of product, livestock, and region.

Based on product, the fishmeal segment is anticipated to depict 4% CAGR through 2032. The market growth will come from the balanced amino acid composition offered by fishmeal that offers and complements the synergistic effects with other animal and vegetable proteins in the diet to promote fast growth and reduce feeding costs. Besides, high-quality fishmeal offers a balanced amount of essential amino acids, phospholipids, and fatty acids, which helps in optimum development, growth, and reproduction, especially of larvae and broodstock.

By livestock, the swine segment is anticipated to be valued at over USD 113 billion by 2032. Tech innovations for reducing the environmental footprint and addressing social concerns will boost the product demand in the coming years. Swine are simple to keep, do not need a lot of room, have a high breeding potential, and are docile. They also have quick growth rates and strong feed-to-meat conversion ratios. These elements not only boost profitability but are projected to assist in fulfilling the rising demand for meat in the future.

Regionally, the North America animal feed protein ingredients industry will be valued at over USD 106 billion by 2032. The regional market growth will be majorly due to the presence of the leading companies operating in the feed and nutrition sector who are putting their best foot forward to gain a competitive edge in the market.