Global sales of animal feed alternative proteins are forecasted to reach USD 180 billion by 2024, with a CAGR of 8.0% from 2024 to 2034. By 2034, the market size is projected to expand to USD 388.5 billion.
Sales of animal feed alternative proteins are undergoing a significant transformation due to the growing demand for sustainable livestock management practices. Traditional feed production has been linked to environmental issues, leading to increased interest in innovative alternatives.
Insects, algae, single-cell proteins, and plant-based ingredients are emerging as viable sources for diverse feed applications. These alternatives provide sustainable and eco-friendly solutions aimed at reducing the ecological impact of conventional feed production and processing.
Alternative protein applications in the animal feed industry are transforming various livestock sectors by addressing sustainability concerns and revolutionizing traditional practices. In poultry, alternative feeds are enhancing the diets of broilers, layers, turkeys, and ducks, providing eco-friendly solutions that minimize environmental impact.
In swine farming, covering starter, grower, and sow phases, innovative feed sources are improving resource efficiency. The cattle sector, including dairy cows, calves, and other categories, is transitioning toward more sustainable nutrition practices.
Equine nutrition is also benefiting from alternative feeds, reflecting a commitment to environmentally conscious choices. Furthermore, aquaculture—encompassing species such as salmon, trout, shrimp, and carp—is advancing in feed technology, aligning with the global push for responsible and sustainable livestock nutrition.
The industry is experiencing a groundbreaking transformation due to innovative technologies that are redefining traditional feed production methods. Extrusion, which uses heat and pressure, improves the nutritional value of feeds for various livestock. Fermentation, a biological process involving microbial action, creates nutrient-rich feed and supports sustainable practices. Additionally, enzyme treatments enhance nutrient utilization, boosting feed efficiency across different animal species.
Competitive Landscape
The animal feed alternative protein industry is marked by a vibrant and competitive environment, with major players like Cargill, ADM, Evonik, and Wilmar International Ltd. leading the charge. These companies command a substantial share of the market value and are pioneers in innovation and industry expansion.
Cargill, holding a dominant 22.7% share of the industry, leads the sector with its extensive portfolio and global presence. Its commitment to sustainability and innovation in feed formulations, backed by significant investments in research and development, has been crucial in delivering high-quality, nutritionally balanced feed solutions.
ADM, with a notable 20.9% market share, is a strong competitor in the industry. The company’s integrated value chain allows for efficient production and distribution of alternative proteins. ADM’s expertise in agricultural processing and ingredient manufacturing, along with its focus on sustainability and strategic partnerships, bolsters its competitive advantage.
Evonik, with a 17.0% market share, is known for its innovative approach to feed formulations, particularly its emphasis on amino acids and nutritional additives. The company’s dedication to research and sustainable practices ensures its products meet and exceed industry standards, solidifying its market presence.
Wilmar International Ltd., holding a 9.8% market share, leverages its diverse operations across various segments of the agricultural value chain to integrate alternative proteins into its product lines effectively. Its extensive distribution network and strategic investments in sustainability and innovation bolster its market standing.
Cargill, ADM, Evonik, and Wilmar International Ltd. collectively command a substantial share of the industry, driving the growth of alternative proteins in the animal feed ecosystem and maintaining their market dominance. Their dedication to innovation, sustainability, and high-quality products positions them to shape the future of the animal feed industry as demand for sustainable and efficient feed solutions continues to rise.
Leading Animal Feed Alternative Protein Brands
- Hamlet Protein
- Royal De Heus
- Nutreco
- Roquette Freres
- Haid Group
- Calysseo’s FeedKind
- ADM
- Cargill
- Charoen Pokphand Group
- Perfect Companion Group Co., Ltd.
- Betagro Public Company Limited
- Corbion
- Wilmar International Ltd, Singapore
- Evonik
- Greenfeed, Vietnam
Tap into Expertise: Discuss with Our Analyst on Email: sales@futuremarketinsights.com
Key Segments of the Report
By Feed Type:
Animal Feed Alternative Protein industry is segmented as Insect Based Protein, Plant based Protein, Fish Meal Alternative, Single-cell proteins, Others (Seaweed & Algae, Algal Oil)
By Livestock:
As per Livestock, the industry has been categorized into Poultry, Swine, Cattle, Equine, Aquaculture
By Form:
Form further includes Meal, Pellets, Liquid and Freeze-dried or dehydrated
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
