Feed Plant-based Protein Market report reviews growth, trends, and forecast
by Mit K. SEOAccording 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 growth of feed plant-based protein market can be
attributed to the 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. European region dominated
the global feed plant-based protein market.
Feed plant-based protein refers to those
proteins that are derived from various pulses and grains. Proteins are polymers
of amino acids, which are used in livestock feed and pet food for their
nutritional and functional properties. Feed plant-based proteins are offered to
livestock such as ruminants, swine, poultry, aquatic animals, and pet food.
Animals are unable to produce amino acids, which is hence required to be
provided with protein diets. This poses as a crucial factor that promotes
overall plant-based protein product demand.
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European region dominated the global feed
plant-based protein market. It is largely driven by new product developments
and sustainability concerns over conventional low nutritional protein
ingredients. Humans across multiple regions are resorting to vegan trends and
lifestyles, which has mirrored the shift toward plant-based pet products in
Europe, which has resulted in businesses investing heavily in the development
of plant-based pet food.
The European region consists of some major
manufacturers from the feed plant-based protein market, such as Kerry Group
(Ireland), Roquette (France), AGRANA (Austria), and Avebe (Netherlands). These
key players have supported the usage of plant-based protein in this region by
offering technologically advanced equipment for the extraction and usage in
feed and pet food. They focus on undertaking a strategic collaboration with
feed and pet food manufacturers to increase the usage of plant-based protein
and enhance awareness among small- & medium-sized manufacturers.
Among various sources
of feed plant-based protein, soy accounts for the major market share in the
overall feed plant-based protein market. Soybean contains
high nutritional protein enrichment that contains all eight essential amino
acids, which are beneficial for animal nutrition. On the other hand, soy
protein products are used in feed and pet food in order to increase water and
fat retention and also to improve nutritional values. It has been a substitute
for traditional chemical-based feed ingredients, and soy proteins have rapid
dispersibility and excellent suspension properties. Owing to these factors soy
protein is estimated to account for most of the share in the feed plant-based
protein market.
Based on livestock,
the ruminants segment is
projected to be the fastest-growing during the forecast period. The plant-based protein ingredients, besides
increasing the production of end products obtained from ruminants, also improve
their health and immune systems. The requirement for plant-based protein
ingredients has increased in North America and Europe as these regions are the
leading beef producers and consumers.
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Among various types, the concentrates segment
is projected to be the fastest-growing from 2020 to 2025. Feed plant-based
protein concentrates deliver balanced nutrition, offering fibers and
micronutrients, along with protein. They are sustainably sourced from soy,
peas, lentils, and fava beans, which can generally comprise up to 80% of
protein content. Liquid extraction of a protein concentrate starts with protein
coagulation and separation of the precipitated proteins and insoluble fibers
using a decanter. The production of plant protein concentrates is of great
interest in the feed industry due to greater requirement for protein, and an
increase in awareness among pet owners, especially in developing countries.
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Created on Jan 22nd 2021 07:14. Viewed 336 times.