Global Feed Plant Based Protein Market to be Dominated by Natural Protein Source through 2028
Global Feed Plant Based Protein Market is
expected to grow in the forecast period 2024-2028 due to rising demand of
plant-based protein source.
According to TechSci Research report, “Feed Plant Based Protein Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028”, Global Feed Plant Based Protein Market is anticipated to
upsurge at an impressive rate in the forecast period 2024-2028. A
significant factor fueling the growth of the Global Feed Plant Based Protein Market due to increasing
demand of plant-based protein source. Additionally, protein provide same
nutritional value as that of animal or synthetic protein, and they have less
impact on health as well as easily digestible and antiallergic which further
fuel the growth of Global Feed Plant Based Protein Market.
For instance, in February 2022,
ADM released its alternative protein outlook for various sectors.
Furthermore, the market is being
further stimulated by the growing demand for health consciousness and
innovation technology to improve meat quality.
However, high cost of
plant-based proteins can slow down market growth. Also, increasing soy-free and
gluten-free trend can further slowdown market growth.
Browse over XX market data Figures spread through XX Pages and an in-depth
TOC on the "Feed Plant Based Protein Market.”
Global Feed Plant Based Protein Market is segmented based on type, livestock,
source, and region.
Based on type, the market is categorized into
concentrates, isolates, and others. Isolates are expected to
hold the largest market share in the forecast period, 2024-2028. This is due to
increasing demand for processed food products.
Based on livestock, the market is fragmented into poultry, ruminants,
swine, aquatic animals, and others. Poultry is expected to hold the largest
market share in the forecast period, 2024-2028. This is due to rising
preferences for a specific color of yolk and meat for consumption.
Based on source, the market is segregated
into soy, wheat, pea, sunflower, and others. Soy segment will experience
the highest market share during the forecast period, 2024-2028. Due to its high
nutritional value as well as easy breakdown and cheaper cost as well as it
contains ingredients such as glutamine and BCAAs, which aid in muscle recovery
and rapid absorption.
Major companies operating in the Global Feed Plant Based Protein Market
are:
- The
Archer-Daniels-Midland Company
- Cargill,
Incorporated
- Roquette
Freres SA
- Ingredion
Incorporated
- Bluestar
Adisseo Co., Ltd
- Kerry Group
plc.
- Wilmar
International Ltd
- AGRANA
Beteiligungs-AG
- Avebe UA
- Alltech,
Inc.
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“Europe is expected to grow at the highest rate during the forecast period due
to increasing preference for
natural ingredients in the pet food and feed industry. Additionally, consumers are cutting back on the consumption of
meat for environmental, health, and animal welfare reasons creating lucrative
opportunities for market growth. Furthermore, in North America, expanding the
vegan population base, increasing awareness about the health benefits of
plant-based products, and an increasing number of new product launches create
huge prospects of market growth during the forecast period,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Feed Plant Based Protein
Market- Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028 Segmented By Type (Concentrates, Isolates, Others), By Livestock
(Poultry, Ruminants, Swine, Aquatic Animals, Others), By Source (Soy, Wheat,
Pea, Sunflower, Others), By Region and Competition, has evaluated the future growth potential of global Feed Plant Based
Protein market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Feed Plant Based Protein
Market.”
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