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European Alternative Protein Market size for Animal Feed to cross $950 Mn by 2026
Published Date: 2021-03-19
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European Alternative Protein Market size for Animal Feed is projected to reach USD 950 million by 2026, according to a latest forecast report by Graphical Research.
Rising animal production in European countries owing to rising demand of animal-based product such as meat, pork and dairy products led to an increase in the demand for animal feed and should fuel the Europe alternative protein market revenue for animal feed. Furthermore, shift from conventional animal feeds to highly nutritious animal meals for enhancing overall animal performance of animal and its products should also stimulate the market growth.
In terms of source, the soy protein concentrates segment size was more than USD 250 million in 2019. Soy protein concentrates are derived from soy and are rich source of protein and is seen as an alternative for meat and dairy based protein products due to its high protein content which is nearly 70%. Furthermore, the development of new soy protein concentrates manufacturing and processing technologies can help eliminate the anti-nutritional factors present in the soy protein concentrates.
The adoption of soy-based meals is increased for animal feed applications, on account of nutritional benefits offered by soy-based proteins. Use of soy protein concentrates as pre-starters for young animals has also increased as animal producers are spending more on improving the animal health at young, such trends are expected to boost the demand for soy protein concentrate for animal feed applications.
Browse detailed statistical insights from the report, “Europe Alternative Protein Market Size for Animal Feed, By Livestock (Poultry [Broiler, Layer, Turkey, Others], Swine [Starter, Grower, Sow], Cattle [Dairy, Calf, Others], Aquaculture [Salmon, Trouts, Shrimps, Carp, Others], Pet food, Equine, Others), By Product (Insect Protein, Soy protein Concentrate, Soy protein Isolate, Fermented Soy Protein, Duckweed, Single Cell Protein [Grain Protein, Fungal Protein, Algae Protein, Yeast Protein, Others], Hamlet Protein, Others), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026” along with the table of contents (ToC) @
Based on source, the duckweed segment is anticipated to register a growth of over 14% from 2020 to 2026. Duckweed is a flowering aquatic plant and grows like thick blanket mats and absorbs nutrients through all surfaces of the leaf. Duckweed functions as a vital valuable supplement for humans and feed applications in aquaculture and poultry as it has fiber content ranging 5 to 15% and protein content ranging from 35 to 43%.
Duckweed is used in feed applications owing to high protein and fiber content in it and is utilized for complementing animal diets by improving protein content in the diet, especially in aquaculture feed for increasing fish yields. Therefore, utilization of duckweed protein in aquaculture has increased due to rising fish production in European countries, which has been fueled by growing consumption of seafoods in the region.
In terms of livestock, the swine segment accounted for the second largest share in the Europe alternative protein market for animal feed in 2019. The swine segment held 24% of the market share in 2019. Soy protein is one of the commonly used alternative protein in swine feed applications owing to its, high protein content. The demand for alternative protein in swine feed has increased owing to rise pig production in European countries.
Major players in the market include Cargill Incorporated, Archer Daniel Midland Group, Nordic Soya, Deep Branch Biotechnology, The Scoular Company, DuPont De Nemours, Calysta Inc, Darlington Ingredients, Hamlet Protein A/S, Imcopa Food Ingredients B.V., Agriprotein Gmbh, and Innovafeed.
The European alternative protein market for animal feed research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2015 to 2026 for the following segments:
Europe Market, By product:
- Insect protein
- Soyprotein concentrate
- Soyprotein isolate
- Fermented soy protein
- Single cell protein
- Grain protein
- Fungal protein
- Yeast protein
- Algae protein
- Hamlet protein
Europe Market, By livestock:
- Pet food
The above information has been provided for the following countries: