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North American Alternative Protein Market size for Animal Feed to reach $725 Mn by 2026
Published Date: 2021-05-21
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North American Alternative Protein Market size for Animal Feed is anticipated to cross USD 725 million by 2026, according to a latest forecast report by Graphical Research.
Meat consumption has soared in North America owing to rise in the number of fast-food outlets, restaurants, and hotels, which is likely to drive the animal feed industry in the region. Growing focus on animal nutrition by producers to enhance overall performance should play a vital role in propelling the market growth.
The soy protein concentrate segment held over USD 235 million revenue in 2019. Soy protein concentrates are seen as a high source of protein as these contain nearly 70% of protein and can function as a substitute for meat and dairy based protein alternatives. Soy protein concentrates provide high required protein in animal feed and ensure animal growth.
Soy protein concentrates have gained traction among animal producers as producers are adopting high protein diets for animal growth. Use of proteins in animal feeds has soared in recent years as producers are focusing on building animal muscle mass and enhancing animal performance. Growing meat production and animal husbandry has also influenced the demand for protein for animal feed applications.
Browse detailed statistical insights from the report, “North America Alternative Protein Market Size for Animal Feed 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), 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), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026” along with the table of contents (ToC) @
Grains have been widely used in animal feed owing to their easy availability in the market. Grain proteins are rich in starch and protein with starch containing ranging from 8% to 12% and protein with low methionine and lysine content. However, grains may reduce the intestinal pH and decrease microbes present in digestive system. Such disadvantage of grains in animal feed may hinder the grain protein in animal feed market growth.
Based on livestock, the swine segment accounted for over USD 125 million in 2019. Pork production in North America has increased in recent years pertaining to growing pork consumption especially in United States. According to National Pork Producers Council, pork industry in United States was worth nearly USD 20 billion in 2019 and nearly 60,000 pork producers grow more than 115 million hogs in United States. The annual per-capita consumption of pork has also grown in United States from around 50 pound in 2017 to approximately 51 pound in 2019 and is likely to increase with growing consumption of pork in restaurants and hotels.
Per capita consumption of pork has also increased in Canada from nearly 22 kg of carcass weight in 2016 to around 25 kg of carcass weight in 2019. This rise in the consumption of pork is expected to proliferate the demand for pork feed. Also, growing demand for healthy pig meat is predicted to boost producer’s focus on highly nutrition diets for performance improvement.
The North America alternative protein industry 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:
North America 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
North America Market, By livestock:
- Pet food
The above information has been provided for the following countries:
- North America