Animal Feed Protein Ingredients Market 2024 Forecasts – 6.5% CAGR

Poultry meat consumption currently stands as a crucial driver for animal feed protein ingredients market, given the shift toward increased dietary protein intake. As per estimates, global meat production has risen four to five-fold since 1961 to 2017.

Selbyville, United States – July 5, 2018 /MarketersMedia/ —

MarketStudyReport.com adds a new research titled Animal Feed Protein Ingredients Market Size By Product, Oilseed Meals [Soymeal, Rapeseed/Canola Meal, Sunflower Meal, Copra Palm Meal, Cottonseed Meal, Other Oils], Fishmeal, Animal By-Product Meals [ Meat & Bone Meal, Feather Meal, Blood Meal, Poultry Meal, Meat Meal], By Livestock (Poultry [Broiler, Layer, Turkey, Others], Swine [Starter, Grower, Sow], Cattle [Dairy, Calf, Others], Aquaculture [ Salmon, Trouts, Shrimps, Carp, Others]), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Netherland, Belgium, China, India, Japan, South Korea, Malaysia, Indonesia, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024 to the Food and Beverages segment of its online reports store

Back in 1961, poultry meat held 12% of the global meat production, however, by 2013, poultry accounted for 35%. Pertaining to the mass meat consumption trends, animal feed has become a pivotal necessity to increase protein content and quality in meat, propelling animal feed protein ingredients market. Asia Pacific is touted to be a profitable growth ground for animal feed protein ingredients industry, given the extensive consumption of meat products in the region and the rising prevalence of diseases among livestock. The chief revenue pockets across the region are China, Philippines, and Indonesia, where meat consumption is appreciably high, driving the demand for animal feed protein ingredients.

Animal by-products protein ingredients market may reach up to 435 million tons by 2024. Cost effectiveness and easy availability as these are the by products obtained from slaughter house will positively favor animal rendered proteins demand. Growing development in rendering technology which reduces waste generation and offer optimal product ensuring safety and quality will drive animal feed protein ingredients market demand.

Oilseed meals Market is poised to surpass USD 180 billion at the end of 2024. High ileal digestibility, protein and amino acid content along with minimal possibility of contamination and disease occurrence may propel animal feed protein demand. It acts as a high-performance diet mainly for beef, cattle, swine and poultry.

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Easy availability of financial assistance in the forms of loan and subsidies through private and government institutes will favor industrial livestock production, thus positively impacting animal feed protein ingredients market growth. Livestock disease outbreaks has led to rise in need for incorporation of protein ingredients in animal diet to increase immunity, yield and disease resistance.

China animal feed protein ingredients Market from blood meal may observe gain at over 4.5%. It contains highly digestible protein and nutritive value, along with essential amino acid such as leucine, histidine, tryptophan, lysine and phenylalanine and iron. It is used in fish feed to enhance fish growth and feed efficiency which is likely to propel regional industry growth.

France animal feed protein ingredients Market may exceed USD 2 billion up to 2024. Presence of manufacturers engaged in creating novel product formulation supported by developing oilseed crushing plant backing French protein production for animal feed application will favor regional industry growth.

Global animal feed protein ingredients market share is competitive and consolidated. Key industry participants include Hamlet Proteins, ADM, Alltech, Dupont, DSM, Proliver, Titan biotech, CHS, Burcon NutriSciences, GRF ingredients, Soja Protein and A Constantino.

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Complete report of 530 pages and published in May, 2018 is now available at https://www.marketstudyreport.com/reports/animal-feed-protein-ingredients-market .

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Source: MarketersMedia

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