Feed Plant-based Protein Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Feed Plant-based Protein Market by region.
Global Feed Plant-based Protein Market is valued at approximately USD $$ billion in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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Feed plant-based protein is a food given to animals that contain a high concentration of essential amino acids and is a vital protein source for animal feed. This feed is rich in nutrients, antioxidants, and fibre that aids in boosting animal health & immunity. The growing demand for plant-based pet food and rising innovation in animal husbandry techniques to introduce better meat quality are the primary factors that are propelling the market demand across the globe.
The rising pet ownership is acting as a catalyzing factor in the growing trend of veganism among pet owners. As per the Pet Food Manufacturers Association, in 2019, there were 34% of British dog food purchasers believed that a plant-based diet is comparatively healthier than a meat-based diet for their dog. Additionally, the rising concern for farm animal welfare and rights is negatively influencing the demand for meat-based pet food diets. Furthermore, the increasing technological developments to develop plant-based protein for feed, as well as the rising adoption of aquatic plants and cannabis as emerging plant-based protein sources are creating lucrative opportunities for market growth in the forecasting years. However, a stringent regulatory framework restrains international trade and rising concern over the quality of feed due to GM adulteration are restricting market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Feed Plant-based Protein Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the growth in animal husbandry and rising preference for organic ingredients. Whereas, the Asia Pacific is expected to grow at a steady rate significantly during the forecast period. Factors such as the rise in adoption of pets, as well as the increasing trend of veganism among pet owners, are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
- DuPont
- Kerry Group Plc
- Ingredion
- Emsland Group
- Agrana Group
- Avebe
- Kroner
- Batory Foods
- Roquette Freres
- AGT Foods
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Recent Developments in the Market:
In May 2019, Roquette Freres announced that the company plans to expand its presence in Lithuania by setting up a new R&D division with the objective of expanding the regional experts and fulfilling the needs of regional customers and Northern Europe.
In April 2019, Ingredion declared the introduction of a VITESSENCE PULSE pea protein concentrate series. This initiative supports pet food manufacturers to create clean labels, and grain-free claims nutritionally balanced products.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Source:
Soy
Wheat
Pea
Sunflower
Other sources
By Livestock:
Pets
Poultry
Aquatic animals
Others
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By Type:
Concentrates
Isolates
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Scope of the Report:
The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2030. Through meticulous research, we have organized data pertaining to the evolving market structures that exert influence on industries, markets, technologies, and capabilities. Our report presents a thorough examination of relevant statistics, opportunities, challenges, drivers, restraints, limits, market size, share, and trends. By delivering valuable insights, we aim to provide a comprehensive understanding of the market landscape.
Our Feed Plant-based Protein Market Report is divided into several chapters to provide readers with a comprehensive understanding of the market.
Chapter 1 includes the scope of the report, research methodology, and other relevant information regarding the report’s contents.
Chapter 2 provides an executive summary, including the global Feed Plant-based Protein market size, sales and revenue, and compound annual growth rate (CAGR). It also includes the Feed Plant-based Protein market size by region, type, and application, historical data from 2018 to 2023, and a forecast until 2030.
Chapter 3 focuses on Feed Plant-based Protein market sales, revenue, average price, global market share, and industry ranking by company from 2018 to 2023.
Chapter 4 presents global Feed Plant-based Protein Market sales and revenue by region and country. It provides country-specific data and market value analysis for regions including the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America, and the Middle East and Africa.
Chapters 5 through 8 delve deeper into the market, focusing on sales segments by country and type for each region including the Americas, APAC, Europe, and the Middle East and Africa.
Chapter 9 analyzes current market trends, market forecasts, opportunities, and economic trends that may affect the future of the marketplace.
Chapter 10 examines the manufacturing cost structure analysis of the market.
Chapter 11 explores sales channels, distributors, and customers.
Chapter 12 presents a world forecast review for geographic regions.
Chapter 13 analyzes key players in the market.
Chapter 14 provides research findings and a conclusion.
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