Animal Feed Alternative Protein Market Opportunity Assessment; 2023 – 2032

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Animal Feed Alternative Protein Market Size Worth
to Reach at 7 CAGR by 2032
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Overview of Animal Feed Alternative Protein
Market

• The global animal feed alternative protein market
  value is slated to increase substantially over
  2023-2032, due to the increase in livestock
  farming and economic growth, especially in
  emerging economies.
• As per the Agricultural and Fisheries Information
  Service (SIAP)'s Agri-Food Expectations report,
  in 2021, the production of dairy and poultry meat
  in Mexico rose by 297 million liters and 90,000
  tons respectively, from a year earlier. Since
  farmers are readily accepting new and innovative
  food sources, this rise in livestock production
  is expected to stimulate the consumption of
  alternative plant-based proteins for animal
  nutrition.
• The acceleration of exports across the meat
  industry is another factor influencing animal
  feed alternative protein industry trends. Between
  July 2021 and January 2022, 5,362.9 tons of meat
  worth more than USD 22 million were exported from
  Tanzania. This escalating meat trade is likely to
  encourage feed manufacturers to rely on
  alternative protein sources for animal health and
  safety.

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• The animal feed alternative protein industry is
  segregated based on product, livestock, and
  region.
• With respect to the product, the market value
  from the hamlet protein segment is anticipated to
  cross USD 440 million by 2032. The strong focus
  on boosting the immune system and gut health of
  animals is a prominent factor fueling hamlet
  protein demand. The shift toward sustainable feed
  ingredients has also risen, augmenting the use of
  these alternative proteins in animal feed.
• The fermented soy protein segment also registered
  revenue worth over USD 375 million in 2022, given
  the high awareness of the adverse effects of
  anti-nutritive factors, including reduced
  nutrient absorption. Soy fermentation can improve
  absorption and digestibility through the
  elimination of anti-nutritive factors, enhancing
  livestock growth performance.
• In terms of livestock, the industry value from
  the pet food segment is set to reach more than
  USD 270 million by 2032. Manufacturers have been
  utilizing protein ingredients ideal for wet pet
  foods. Additionally, the preference for
  ingredients resistant to heat treatment during
  processing is expected to augment the addition of
  alternative protein sources in wet pet food
  formulations.

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• From a regional perspective, the Latin American
  animal feed alternative protein market was valued
  at over USD 500 million in 2022. The growing meat
  intake and the subsequent growth of the livestock
  and poultry sector are among the growth drivers.
  The rate of meat exports has also surged,
  propelling the demand for alternative protein for
  use in animal feed.
• The Middle East and Africa animal feed
  alternative protein industry size is slated to be
  worth more than USD 415 million by 2032, as a
  result of the industrialization of animal
  agriculture. The rising per capita meat
  consumption and growing demand for meat and dairy
  products are other reasons driving product sales
  in the region.
• Notable participants in the Animal Feed
  Alternative Protein market include ADM, Deep
  ranch Biotechnology, Agriprotein GmbH,
  InnovaFeed, Ynsect, Angel Yeast, AB Mauri, The
  Scoular Company, Cargill Inc., Evershining
  Ingredients Company, Nordic Soy Oy, Darling
  Ingredients, and Imcopa Food Ingredients B.V

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