Alternative protein, a vital component of an animal feed that supports the synthesis of amino acids and nutrient absorption, will experience a significant transformation in the coming years. Exploding global population, increasing urbanization, and a rapid upsurge in demand for milk and meat are the primary factors that will trigger the expansion of the Alternative Protein Market for Animal Feed Application. There has been a significant rise in the number of pet adoption in recent years, driven by the increasing disposable incomes and changing lifestyles of people in several developed economies.
As per Global Market Insights Inc., the alternative protein market for animal feed application may record a valuation of 4.5 billion until 2027.
Request a sample copy of this report @ https://www.gminsights.com/request-sample/detail/4861
With the growing concerns towards animal health and nutrition and accelerating research and development activities to deliver sustainable protein alternatives, the alternative protein industry for animal feed application may attract considerable traction in the times to come. Protein-rich diets are highly digestible and support a healthy immune system and hormone production while promoting cell regeneration and body tissue development in poultry and livestock animals. Moreover, they can easily meet the dietary requirements of high-yielding animals and improve their reproduction efficiency. These factors will contributively support the industry forecast in the forthcoming years.
Below mentioned are some prominent factors that will push the market expansion in the times ahead.
Growing popularity of plant protein sources
Soybean is among the most preferred and crucial sources of high-quality vegetable protein for animal feed applications. It has 44% to 50% crude protein content, congruous amino acid composition, and is obtained as a derivative of oil extraction. The segment is further supported by a significant rise in the demand for sustainable protein sources and escalating efforts by governments and players across the globe to support future sustainability.
In February 2022, Shalimar Group, a leading Indian firm in the poultry industry, launched India's first feed label, Soy fed, under the nationwide public health initiative, Right to Protein. The label will feature a total of tandoori nuggets range and will soon be integrated into all the poultry products.
Escalating R&D activities
Industry players are putting in efforts to alternative protein sources and help the food industry retain its sustainable credentials amid ascending requirements for animal feed and strict regulations on carbon emissions.
The partnership between Archer-Daniels-Midland Co. and InnovaFeed SAS in February 2022 is a recent development in this direction. The partnership aims to expand the usage of protein in US pet food. As per reports, the latter will commence its R&D operations later this year in an insect protein facility in Decatur, Illinois.
Accelerating tactical alliances
New players are implementing growth tactics that will help them expand their product portfolio and sustain the market competition against existing players. They are offering products that meet the strict regulatory requirements in several economies of the world.
To cite an instance, in February 2022, Bioiberica extended its partnership with Mill Tech Co. Inc. to create a distribution chain for Palbio, its hydrolyzed protein portfolio for animal nutrition. The products are composed of hydrolyzed proteins in the form of bioactive peptides and L-a amino acids and are designed to improve feed intake, digestion, and intestinal health of young poultry, pig, and fish.
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
Contact Us
Aashit Tiwari
Corporate Sales, USA
Global Market Insights Inc.
Phone: 1-302-846-7766
Toll-Free: 1-888-689-0688
Email: [email protected]
