Feed Plant Based Protein Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Concentrates, Isolates, Others), By Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Others), By Source (Soy, Wheat, Pea, Sunflower, Others), By Region, and Competition 2018-2028

  • Industry : Agriculture
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  • Published Date : NA
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Summary

Report Description

Global Feed Plant Based Protein Market is anticipated to grow significantly through 2028 due to growing demand of plant-based protein source. In 2020, in India the production volume of rice of over 161 million metric tonnes was the highest among the plant-based proteins in India.

Global Feed Plant Based Protein Market is expected to expand during the projected period due to increasing demand of plant based protein for animal feed. As these proteins provide various benefits such as high digestibility and nutritional value to the livestock, it helps to increase the yield and productivity of various livestock products.

Growing Demand of Plant based Meat Alternatives in Animal Feed

Plant-based protein can be included in animal feed as a source of nutrition for the animals. Some common plant-based protein sources that are used in animal feed include soybean meal, canola meal, and sunflower meal. These protein sources are often used to supplement animal feed made from grains and other ingredients. Including plant-based protein in animal feed with several benefits. It can help reduce the use of animal-derived protein sources such as fishmeal, which can be expensive and unsustainable. Additionally, it can help reduce the environmental impact of animal agriculture by reducing the amount of land, water, and other resources needed to produce animal feed.

However, it is important to note that the quality and digestibility of plant-based protein sources can vary, and some may not provide all the necessary amino acids that animals need for optimal health. Therefore, it is important to ensure that the animal feed contains a balanced mix of protein sources to meet the nutritional needs of the animals. This can be achieved through careful formulation and testing of animal feed to ensure that it meets the nutritional requirements of the targeted animal species.

The shift in the usage of animal products in animal feed is a result of the human population's need for vegetarian protein. There is proof that dogs and cats share their owners' preference for a diet high in plant-based proteins. The main issue with diets based on meat for pets is the welfare and rights of farm animals. Majority of pet owners are animal lovers, which makes them more likely to respect the humane and ethical treatment of animals used for food production. Unhealthy perceptions of meat and worries about the production of animal proteins for the environment and sustainability have been major development drivers in recent years for plant-based pet food. Pet food manufacturers must carefully formulate their recipes to ensure that they provide all the necessary nutrients, including protein, essential amino acids, vitamins, and minerals, that dogs and cats need to thrive. It's important to choose high-quality pet food products and consult with a veterinarian to ensure that the pet is receiving a nutritionally balanced diet.

For instance, in 2023, according to the UK Pet Food Manufacturers Association Ltd, plant-based pet food can provide a healthy diet for both cats and dogs.

Moreover, the consumption of synthetic protein source in animal food causes many diseases such as increase in cholesterol that affect directly and indirectly the health of livestock which hamper the animal farming. To overcome this issue many animal farming players use plant-based product for animal feed as they are eco-friendly, preventing chronic illnesses, and regulating cholesterol.

For instance, in March 2022, One Good acquired PRO2FIT, a nutrition brand to produce plant-based nutrition products such as vegan protein powder.

Therefore, increasing demand of plant-based nutrient drives the growth of market during the projected period.

Growing health consciousness

Feed for animal have thus grown in importance as a part of the integrated food chain. To create the proper feed for different animal species, components, and feedstuffs such as vitamins, proteins, amino acids, colorants, minerals, and antibiotics, available in adequate quantities. As protein is the building blocks of life. Muscles are constructed of protein, which is a necessary food for body development, maintenance, and repair. People are becoming more aware about the health of animals and learning about the nutritional worth of various meals. Also, the desire to eat balanced meals full of all the necessary nutrients is growing, which is fueling the use of plant-based proteins. Yet to lessen their carbon footprint, more and more consumer is choosing plant-based proteins. The market for plant-based proteins is expanding because of the increased prevalence of food allergies, as plant-based meals are thought to cause less allergic responses than animal goods. Due to their strong energy supply and high feed efficiency, plant-based protein has therefore attracted fresh interest in the animal feed industry.

Manufacturer of animal nutrient are investing in the research and development to produce plant-based protein. Plant based protein are less likely to cause negative effects than synthetic protein and increase yield. Therefore, poultry farmers are switching to plant based protein.

For instance, The Archer-Daniels-Midland Company produces large number of plant-based protein which includes soy, wheat, pea, beans, chickpeas, red & green lentils, amaranth, barley, buckwheat, etc.

In addition, many producers use aquatic plants as a source of protein due to their impressive properties. Plant-based proteins are produced naturally by evolvement of energy from sunlight, which is used to combine different chemical components into a particular shape. The primary component causing this unusual process is the chlorophyll present in plants. According to research, aquatic plants and macroalgae as potential feed ingredients in ruminant diets.

Thus, increasing awareness regarding the health is expected to fuel the growth of Global Feed Plant Based Protein Market during the forecast years.

Soy will be the Key Source of Protein

Soy is one of the demanding plant-based proteins that provides a complete nutritional profile that contains all the essential nutrients. Soy contains all essential amino acids, more than any other plant protein. Soy protein promotes better heart health rather than animal protein. Soy foods contain protein along with a lot of vitamins and minerals, such as B vitamins, zinc, and iron and some supplements of calcium and vitamin D with lot of antioxidants. This characteristic property of soy makes it a highly beneficial source of plant-based protein for vegan and vegetarian consumers around the world.

Moreover, the presence of many manufacturers and their high scale of production, low cost than other types of plant proteins, increased demand for plant-based products, easy availability of raw materials, and many applications in various industries.

For instance, Titan Biotech Ltd. produces I-SORIZON soya protein which provides all essential amino acids and important bio-active components.

Additionally, peas are not a major allergen and have a high nutritional profile. Along with it, peas provide numerous health advantages and due to its small and simple structure it is used in finished goods. Pea protein is a high-quality protein and a great source of iron as well as containing vitamins and minerals with low fat. It helps in muscle growth, weight loss and heart health.

For instance, Ingredion produces Vitessence Pulse pea protein.

All these factors increase the demands of Global Feed Plant Based Protein Market in the upcoming years.

However, one of the fastest-growing trends in specialty foods is the "free-from" movement. Due to its therapeutic and physiological advantages, the gluten-free and soy-free diet has swiftly emerged as the dietary trend with the quickest rate of growth. The growth in food sensitivities, regional dietary preferences, an increase in the diagnosis of coeliac disease, and the concept of utilizing food because the rise in soy-free and gluten-free food products is primarily the result of medicine which slow down the market growth. Limited production of plant-based protein and high demand result in the hike of the price of material which further slowdown the market growth.

Recent Developments

  • In February 2023, Alltech and Finnforel announced the acquisition of a fish feed production facility that will complete the circular-economy fish-farming chain.
  • Roquette launched a new NUTRALYS® organic range of texturized pea and fava proteins in June 2022.
  • In October 2021, Roquette Frères opened largest pea protein plant in Portage La Prairie, Manitoba.
  • Cargill introduces Radipure pea protein for Asia market in December 2019.



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Market Segmentation

Global Feed Plant Based Protein Market is segmented based on type, livestock, source, and region. Based on type, the market is categorized into concentrates, isolates, and others. Based on livestock, the market is fragmented into poultry, ruminants, swine, aquatic animals, and others. Based on source, the market is segregated into soy, wheat, pea, sunflower, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa, By Company.

Company Profiles

The Archer-Daniels-Midland Company, Cargill, Incorporated, Roquette Freres SA, Ingredion Incorporated, Bluestar Adisseo Co., Ltd, Kerry Group plc., Wilmar International Ltd, AGRANA Beteiligungs-AG, Avebe UA, Alltech, Inc. are some of the key players of Global Feed Plant Based Protein Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Type

Livestock

Source

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States; Mexico; Canada; France; Germany; United Kingdom; Spain; Italy; China; India; South Korea; Japan; Australia; Brazil; Argentina; South Africa; Saudi Arabia; UAE

Key companies profiled

The Archer-Daniels-Midland Company, Cargill, Incorporated, Roquette Freres SA, Ingredion Incorporated, Bluestar Adisseo Co., Ltd, Kerry Group plc., Wilmar International Ltd, AGRANA Beteiligungs-AG, Avebe UA, Alltech, Inc

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global Feed Plant Based Protein market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  • Feed Plant Based Protein Market, By Type:
    • Concentrates
    • Isolates
    • Others
  • Feed Plant Based Protein Market, By Livestock:
    • Poultry
    • Ruminants
    • Swine
    • Aquatic Animals
    • Others
  • Feed Plant Based Protein Market, By Source:
    • Soy
    • Wheat
    • Pea
    • Sunflower
    • Others
  • Feed Plant Based Protein Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Australia
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies in global Feed Plant Based Protein market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Feed Plant Based Protein Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Feed Plant Based Protein Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type (Concentrates, Isolates, Others)

5.2.2.    By Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Others)

5.2.3.    By Source (Soy, Wheat, Pea, Sunflower, Others)

5.2.4.    By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.5.    By Company (2022)

5.3.  Market Map

5.3.1.    By Type

5.3.2.    By Livestock

5.3.3.    By Source

5.3.4.    By Region

6.    North America Feed Plant Based Protein Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Livestock

6.2.3.    By Source

6.2.4.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Feed Plant Based Protein Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type

6.3.1.2.2.           By Livestock

6.3.1.2.3.           By Source

6.3.2.    Mexico Feed Plant Based Protein Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type

6.3.2.2.2.           By Livestock

6.3.2.2.3.           By Source

6.3.3.    Canada Feed Plant Based Protein Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type

6.3.3.2.2.           By Livestock

6.3.3.2.3.           By Source

7.    Europe Feed Plant Based Protein Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Livestock

7.2.3.    By Source

7.2.4.    By Country

7.3.  Europe: Country Analysis

7.3.1.    France Feed Plant Based Protein Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Livestock

7.3.1.2.3.           By Source

7.3.2.    Germany Feed Plant Based Protein Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Livestock

7.3.2.2.3.           By Source

7.3.3.    United Kingdom Feed Plant Based Protein Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Livestock

7.3.3.2.3.           By Source

7.3.4.    Spain Feed Plant Based Protein Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type

7.3.4.2.2.           By Livestock

7.3.4.2.3.           By Source

7.3.5.    Italy Feed Plant Based Protein Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type

7.3.5.2.2.           By Livestock

7.3.5.2.3.           By Source

8.    Asia-Pacific Feed Plant Based Protein Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Livestock

8.2.3.    By Source

8.2.4.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Feed Plant Based Protein Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Livestock

8.3.1.2.3.           By Source

8.3.2.    India Feed Plant Based Protein Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Livestock

8.3.2.2.3.           By Source

8.3.3.    South Korea Feed Plant Based Protein Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Livestock

8.3.3.2.3.           By Source

8.3.4.    Japan Feed Plant Based Protein Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type

8.3.4.2.2.           By Livestock

8.3.4.2.3.           By Source

8.3.5.    Australia Feed Plant Based Protein Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type

8.3.5.2.2.           By Livestock

8.3.5.2.3.           By Source

9.    South America Feed Plant Based Protein Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Livestock

9.2.3.    By Source

9.2.4.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Feed Plant Based Protein Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Livestock

9.3.1.2.3.           By Source

9.3.2.    Argentina Feed Plant Based Protein Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Livestock

9.3.2.2.3.           By Source

10. Middle East and Africa Feed Plant Based Protein Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Livestock

10.2.3. By Source

10.2.4. By Country

10.3.             MEA: Country Analysis

10.3.1. South Africa Feed Plant Based Protein Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Livestock

10.3.1.2.3.         By Source

10.3.2. Saudi Arabia Feed Plant Based Protein Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Livestock

10.3.2.2.3.         By Source

10.3.3. UAE Feed Plant Based Protein Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Livestock

10.3.3.2.3.         By Source

11. Market Dynamics

11.1.             Drivers

11.1.1. Rising demand for plant-based meat alternative

11.1.2. Innovative techniques to improve meat quality

11.1.3. Growing health consciousness

11.2.             Challenges

11.2.1. High cost of plant-based proteins

11.2.2. Increasing soy-free and gluten-free trend

12. Market Trends & Developments

12.1.             Product Launches

12.2.             Mergers & Acquisitions

12.3.             Technological Advancements

13. Global Feed Plant Based Protein Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Products

15. Competitive Landscape

15.1.             Business Overview

15.2.             Product Offerings

15.3.             Recent Developments

15.4.             Financials (In Case of Listed Companies)

15.5.             Key Personnel

15.6.             SWOT Analysis

15.6.1. The Archer-Daniels-Midland Company

15.6.2. Cargill, Incorporated

15.6.3. Roquette Freres SA

15.6.4. Ingredion Incorporated

15.6.5. Bluestar Adisseo Co., Ltd

15.6.6. Kerry Group plc.

15.6.7. Wilmar International Ltd

15.6.8. AGRANA Beteiligungs-AG

15.6.9. Avebe UA

15.6.10.              Alltech, Inc

16.  Strategic Recommendations

Figures and Tables

Frequently asked questions

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Feed Plant Based Protein decreases the risk of chronic diseases while providing the building blocks for healthy muscles and tissues.

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The Archer-Daniels-Midland Company, Cargill, Incorporated, Roquette Freres SA, Ingredion Incorporated, Bluestar Adisseo Co., Ltd, Kerry Group plc., Wilmar International Ltd, AGRANA Beteiligungs-AG, Avebe UA, Alltech, Inc are some of the key players of Global Feed Plant Based Protein Market.

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Increasing demand for plant-based pet food as well as growing awareness about health are the key drivers for the growth of Global Feed Plant Based Protein Market.

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Europe region is expected to hold the largest market share over the next five years due to increasing preference for natural ingredients in the pet food and feed industry.

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Sakshi Bajaal

Business Consultant
Press Release

Global Feed Plant Based Protein Market to be Dominated by Natural Protein Source through 2028

May, 2023

Global Feed Plant Based Protein Market is expected to grow in the forecast period 2024-2028 due to rising demand of plant-based protein source.

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