Global Feed Plant-based Protein Market, BY Source (Soy, Wheat, Pea, Sunflower, Others), Livestock (Pets, Swine, Ruminants, Poultry, and Aquatic Animals), Type (Concentrates, Isolates, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Feed Plant Based Protein Market
The feed plant based protein market is expected to be growing at a growth rate of 9.45% in the forecast period of 2021 to 2028 and is estimated to reach till USD 3.6 Billion by 2028. The increase in the demand for plant-based pet food will act as a driving factor for the growth of the feed plant based protein market.
Feed plant based protein is basically a meaningful food source of protein which is from plants. This group can involve pulses, tofu, soya, tempeh, seeds, seitan, nuts, certain grains, and even peas. Pulses are a large group of plants, which involve chickpeas, lentils, beans for example black, kidney, and adzuki beans and split peas. Plant proteins are highly nourishing, not only as good sources of protein, but also because they deliver other nutrients for example vitamins, fibre, and minerals. The consumption of fiber tends to be too low, moreover by integrating specific plant proteins into the diet, for example pulses, peas and nuts, which can easily boost the fiber intake.
The factors such as the upsurge in need for plant-based pet food because of the increase in the alertness amongst the pet owners, advanced animal husbandry methods to advance meat quality enhances the need for nutritious plant-based protein are the factors anticipated to boost the growth of the feed plant based protein market in the region during the forecast period. However, severe governing outline confines international trade, opportunities of nutritional and vitamins deficiency amongst pets are the factors most likely to hamper the growth of the feed plant based protein market in the near future. Additionally, the technical developments to advance the plant-based protein for feed, the emphasis on the cannabis and aquatic plants as new and developing plant-based protein sources are to further extend profitable opportunities. Despite that, the issues over quality of feed due to gm adulteration and high initial savings costs included for small and medium enterprises further challenges the growth of the feed plant based protein market in the coming years.
This feed plant based protein market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on feed plant based protein market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Feed Plant Based Protein Market Scope and Market Size
The feed plant based protein market is segmented on the basis of source, livestock, and type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the source, the feed plant based protein market is segmented into soy, wheat, pea, sunflower, others. Others is sub segmented into potato, rice, canola, and fava beans.
- Based on the livestock, the feed plant based protein market is segmented into pets, swine, ruminants, poultry, and aquatic animals.
- Based on the type, the feed plant based protein market is segmented into concentrates, isolates, others. Others is sub segmented into textured protein and hydrolyzed protein.
Feed Plant Based Protein Market Country Level Analysis
The feed plant based protein market is analysed and market size, volume information is provided by source, livestock, and type as referenced above.
The countries covered in the feed plant based protein market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates feed plant based protein market because of the need for feed plant-based protein is mainly focused from sources such as soy, pea, and wheat. Furthermore, the growing preference for organic ingredients in the pet food and feed industry which will further boost the feed plant based protein market in the region during the forecast period. Asia Pacific is projected to observe the significant amount of growth in the feed plant based protein market because of the rising food need, the growing government’s venture in food research and development sector. Moreover, the acceptance of developing technologies for product innovation, collaboration between international and domestic food companies, and the existence of the large number of players.
The country section of the fishmeal for aquafeed market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Feed Plant Based Protein Market Share Analysis
The feed plant based protein market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to feed plant based protein market.
The major players covered in the feed plant based protein market report are DuPont de Nemours, Inc., Kerry Group plc, Ingredion Incorporated, Emsland Group, AGRANA, Avebe, Kroner, Batory Foods, Roquette Frères, AGT Foods, Aminola, BENEO, Scoular Company, Vestkorn, E T Chem, Bio Technologies, FoodChem International, Crown Soya Group, BioScience Food Solutions, Sotexpro, Kroner Starke, Agt Food & Ingredients, Crown Soya Protein Group, Wilmar International, Puris, Cosucra Group, Batory Foods, Burcon Nutracience, Prolupin Gmbh, Herblink Biotech Corporation, ET Chem, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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