In 2023, the microbial protein used in feed market is experiencing robust growth, driven by the need for sustainable feed practices in animal husbandry. With an estimated value of US$ 159.0 million in 2023, the market is projected to surpass US$ 564.1 million by 2033, at an impressive CAGR of 13.5%. This growth is fueled by the adoption of environment-friendly practices in agriculture and animal husbandry sectors, as well as the increasing demand for high-quality and sustainable protein sources.
The demand for microbial protein used in feed is driven by the need to address the challenges of limited resources and growing population, which have put a strain on traditional feed practices. Consumers and farmers are increasingly recognizing the benefits of sustainable feed solutions, leading to a surge in demand for microbial protein. Moreover, the need to reduce dependency on traditional protein sources and mitigate environmental impact further fuels market growth.
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The industry is not without its restraints. One of the key challenges is the lack of awareness and understanding of microbial protein among farmers and animal feed manufacturers. Moreover, the high cost of microbial protein compared to traditional protein sources is hindering its adoption. In addition, the stringent regulations surrounding the use of microbial protein in animal feed are limiting its growth potential.
Several factors contribute to the growth of the microbial protein used in feed market. Firstly, advancements in technology and increasing government support for sustainable agriculture practices are driving innovation in the production of microbial protein. Additionally, strategic partnerships and collaborations between manufacturers and industry players are fostering growth and driving innovation. Furthermore, the rising awareness of the environmental impact of traditional protein sources is propelling the adoption of microbial protein in animal feed.
The latest trend in the industry is the adoption of precision feeding technology, which allows for the precise and accurate feeding of animals based on their specific nutritional needs. This trend is driving demand for high-quality protein sources such as microbial protein. In addition, the increasing use of automation and digital technologies in animal husbandry is expected to create new opportunities for the industry.
Key Takeaways from the Microbial Protein Used in Feed Market:
- In 2023, the United States is predicted to hold a 37% share of the global microbial protein used in feed industry.
- Germany’s microbial protein used in the feed industry registered 23% of the global market in 2022.
- In 2022, Chinese microbial protein utilized in the feed industry accounted for 29% of the global market.
- Japan’s microbial protein used in the feed industry accounted for 11% of the market in 2022.
- In 2023, the poultry segment is estimated to have a market share of roughly 49%.
- In 2023, the bacteria segment is estimated to account for around 61% of the market.
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A Look at the Key Players in the Microbial Protein Used in Feed Industry
The microbial protein used in feed industry is highly competitive, with several players vying for market share. Some key players in the industry include Archer Daniels Midland Company, Cargill, Novozymes, DuPont, and Chr. Hansen Holding A/S, among others. These companies are actively engaged in product development, research and development, and strategic partnerships to stay competitive in the market.
One of the key challenges faced by companies in the microbial protein used in feed industry is the high cost of production, which can be a significant barrier to entry for new players. Additionally, regulatory hurdles and compliance requirements can add to the cost of production, further increasing the barrier to entry. However, the growing demand for sustainable and eco-friendly protein sources is expected to drive investment and innovation in the industry, creating opportunities for new entrants.
In terms of investment opportunities, the microbial protein used in feed industry offers significant potential for growth and profitability. Increasing demand for animal protein, coupled with the need for sustainable and eco-friendly protein sources, is expected to drive the growth of the industry in the coming years. Moreover, the adoption of advanced technologies such as fermentation and genetic engineering is expected to improve the efficiency and cost-effectiveness of production, further fueling the growth of the industry.
Recent Developments in the Market:
- The France Relance investment program invested US$ 13.50 million in Arbiom in February 2022. Arbiom is a French-American maker of high-quality proteins for animal feed and culinary uses by processing agricultural waste and wood waste.
- To launch their first industrial-scale manufacturing plant in Chongqing, China, and produce 20,000 tonnes of FeedKind, a microbial protein for aquafeed yearly, Calysta Inc. and Adisseo created a joint venture (JV) called ‘Calysseo’ in June 2022.
Key Players in the Microbial Protein Used in Feed Industry
- Archer Daniels Midland Company
- Cargill, Inc.
- Novozymes A/S
- DuPont
- Lesaffre Group
- Evonik Industries AG
- Koninklijke DSM N.V.
- Hansen Holding A/S
- Lallemand Inc.
- Calysta, Inc.
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Global Microbial Protein Used in Feed Market by Category
By Application:
- Poultry
- Ruminants
- Aquaculture
- Others
By Source:
- Bacteria
- Yeast
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East and Africa
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