SAN FRANCISCO -- Global animal feed protein ingredient market is expected to grow over the forecast period on account of rising consumer disposable income and increasing meat demand. Recent animal disease outbreaks have fueled the growth of animal feed protein ingredient market. Increase in livestock production due to growing meat consumption globally is further expected to impact animal feed protein positively. Protein ingredients have wide range of application as feed in various livestock such as poultry, swine/pig, and cattle. Increasing awareness among consumers regarding better meat quality is expected to positively impact the market growth. Animal feed protein market is expected to grow significantly on account of its high nutritional value. Increasing meat trade across borders is further expected to fuel global market growth. Countries in Europe have banned meat and bone-meal as feed, which has resulted in usage of protein crops and oilseeds in animal feed. This is expected to further augment the market growth. The global market is governed by presence of regulatory agencies such as UK Food Standards Agency, U.S. FDA and European Food Safety Authority.
Asia Pacific is expected to emerge as the market leader in global animal feed protein ingredients on account of high demand for quality meat. Increasing beef and other meat products exports from countries such as India, China, Indonesia, Thailand, Malaysia and Vitenam is expected to act as key driver for Asia Pacific market growth. North America is expected to witness significant demand owing to economic recovery in the region. Increasing meat consumption in countries such as Brazil & Argentina is expected to drive animal feed protein ingredients demand in Latin America over the forecast period.
Key players operating in the animal feed protein ingredient market are Tyson Foods Inc., Royal DSM N.V., Arla Foods, Valley Protein Inc., ADM, Darporo Solutions and Dupont. The market is highly concentrated and dominated by top multi-corporations.
The report “Animal Feed Protein Ingredients Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020” is available now to Grand View Research customers and can also be purchased directly at
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