The feed plant-based
protein market is projected to grow at a CAGR of 6.3% during the forecast
period
According to MarketsandMarkets, the global feed
plant-based protein market size is estimated to be valued at USD 2.5
billion in 2020 and is projected to reach USD 3.4 billion by 2025, recording a CAGR
of 6.3% in terms of value.
The feed plant-based protein market is primarily driven by
factors such as increase in demand for plant-based pet food due to rise in
awareness among the pet owners, pet owners’ inclination toward organic pet food
ingredients, and innovative animal husbandry techniques to improve meat quality
augments demand for nutritional plant-based protein.
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Leading players
profiled in this report include the following:
• DuPont
(US)
• Kerry Group
(Ireland)
• Ingredion
(US)
• Emsland
Group (Germany)
• AGRANA
(Austria)
• Avebe
(Netherlands)
• Kroner
(Germany)
By source, the pea
segment is projected to grow at the highest CAGR during the forecast period
Based on source, the pea segment is expected to be the
fastest-growing during the forecast period. This segment is rapidly growing and
gaining popularity among feed plant-based protein manufacturers as it is an
allergen friendly with various functional characteristics. Furthermore, pea
proteins are used in alternatives to conventional feed protein ingredients.
The Asia Pacific
region is projected to grow at the highest CAGR during the forecast period
Asia Pacific is projected to be the fastest-growing market
for the period considered for this study, due to increase in the demand and
consumption of livestock-based products, a rise in feed production, and the
implementation of innovative animal husbandry practices to improve the meat
quality and output of other livestock-based products. The increasing awareness
about livestock nutrition and healthy diet, modernization of the livestock
industry, and the rise in consumption of meat & other livestock-based
products have led to an increase in the size of the feed plant-based protein
market.
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Research Coverage
This report segments the feed plant-based protein market on the basis of
source, livestock, type, and region. In terms of insights, this research report
focuses on various levels of analyses—competitive landscape, regulatory
framework, value chain, ecosystem/market map, end-use analysis, pricing
insights, and company profiles—which together comprise and discuss the basic
views on the competitive landscape, and emerging & high-growth segments of
the feed plant-based protein market, high-growth regions, industry trends,
drivers, restraints, opportunities, and challenges.
Reasons to buy this
report
• To get a
comprehensive overview of the feed plant-based protein market
• To gain
wide-ranging information about the top players in this industry, their product
portfolio details, and the key strategies adopted by them
• To gain
insights about the major countries/regions, in which the feed plant-based
protein market is flourishing
