The protein market for animal feed application is expected to showcase substantial expansion by 2027 owing to bolstering industrial livestock production across the globe.

Adequate supplementation of protein in animal feed has shown to provide a wide range of health benefits, including prevention of cholestasis, low risk of cardiovascular and liver diseases, and better digestive health and immunity. Escalating global demand for eggs, milk, meat, and other livestock products has fueled animal feed protein demand over the last few years.

Furthermore, industry participants have been employing profitable strategies to tap into emerging trends in the market, thereby supporting the growth of the global business. For instance, in November 2021, Archer Daniels Midland (ADM) Company, a leading food processing firm, announced the acquisition of Sojaprotein, a major agribusiness specializing in soy-based products. The deal enabled ADM to expand its alternate proteins and plant-based foods portfolios by leveraging Sojaprotein's non-GMO (genetically modified organisms) vegetable protein ingredients.

The protein market for animal feed application has been segmented on the basis of application, product, and region. On the product spectrum, the market has further been divided into animal feed protein ingredients, plant protein, alternative protein, and animal protein. The animal feed protein ingredients sub-segment is expected to garner a considerable valuation by 2027, expanding at more than 6% CAGR over the study timeline.

With respect to application, the protein market for animal feed application has been categorized into equine, poultry, pet food, swine, aquaculture, cattle, and others. The swine sub-segment is projected to attain around 20% share in the global market by the end of 2027. The pet food sub-segment is anticipated to exceed a valuation of USD 14 billion by the end of 2027.

The equine sub-segment is foreseen to amass significant gains by 2027, registering a CAGR of approximately 3.5% through the assessment period. The others sub-segment, which includes camels, small ruminants, birds, and so forth, is estimated to witness steady development over the review timeframe.

From the regional point of view, the Latin America protein market for animal feed application accounts for nearly 9% share in the overall market and is set to progress at a robust pace over 2021-2027. Meanwhile, the Middle East & Africa protein market for animal feed application is poised to witness exponential growth over the stipulated timeline owing to growing consumption of fish and fish products in the region. Moreover, mass production across the MEA region, along with limited availability of marine feed resources, is likely to drive regional market expansion in the forthcoming years.