The animal feed protein ingredients market is projected to garner profitable gains by 2027 owing to rising consumption of animal products globally. Additionally, increasing investments and supportive initiatives from governments are expected to further stimulate market growth through the review period.
Protein-based animal feed ingredients are crucial for the healthy development of animals and ensure high-quality output. Subsequently, escalating demand for high-quality and nutritious animal produce among consumers all around the world has boosted product adoption considerably in recent years.
To monetize on emerging market trends, key industry players are deploying various profitable techniques, such as mergers, acquisitions, and partnerships, thereby propelling industry expansion. For instance, in June 2021, Alltech Crop Science, a leading animal nutrition firm specializing in crop research, inked a partnership with HELM Agro, a key agricultural company. According to the agreement, the Alltech Crop Science brand of products would be marketed, sold, and distributed in the United States by HELM Agro. Moreover, Alltech Crop Science stated that it would continue to produce crop science solutions while focusing on scientific research and product development.
The animal feed protein ingredients market has been segmented based on source, livestock, and region. In terms of source, the market has been further bifurcated into fishmeal, oilseed meals (sunflower meal, rapeseed meal, copra palm, soymeal, cottonseed meal, and other oilseed meals), and ABP proteins (blood meal, feather meal, poultry meal, meat meal, and meat & bone meal).
Under the oilseed meals source, the soymeal segment is slated to expand at a CAGR of almost 6.8% through the study timeline. The rapeseed meal segment is projected to amass profitable gains, growing at over 5.3% CAGR through the forecast period. Meanwhile, the sunflower meal segment is expected to grow at a CAGR of around 5.8% over the assessment period.
The copra palm segment is likely to see notable growth at a CAGR of over 2.2% through the review period. The cottonseed meal source segment is anticipated to attain a considerable market share by growing at a CAGR of almost 4.9% over the stipulated timeframe. The animal feed protein ingredients market from the other oilseed meals segment is calculated to showcase strong growth at a CAGR of 6.9% through the forecast period.
Under the ABP proteins source, the meat & bone meal segment is projected to progress at a CAGR of above 6.8% through the study timeline. The feather meal segment is calculated to expand at a noteworthy CAGR of more than 6.7% over the analysis period.
The blood meal ABP proteins segment is anticipated to garner substantial gains by 2027, progressing at around 10.8% CAGR over the estimated timeframe. The poultry meal ABP proteins segment is expected to record sizable growth at a CAGR of approximately 5.7% through the projected timeline. The meat meal segment is calculated to grow at a CAGR of about 5.3% over the analysis period.
In terms of livestock, the market has been divided into swine (grower, starter, and sow), cattle (calf, dairy, and others), poultry (turkey, broiler, layer, and others), aquaculture (carp, shrimp, yellow catfish, snakehead, salmon, trout, seabass, eel, turtle, pomfret, herring, crab, and others), equine, pet food, and others.
Under poultry, the broiler segment is estimated to achieve a major market share by 2027, expanding at nearly 6.6% CAGR through the stipulated timeline. The layer poultry livestock segment is projected to register steady growth at a CAGR of more than 6.9% over the assessment period. The turkey poultry livestock segment is speculated to grow at a CAGR of about 5.9% through the study timeframe. Meanwhile, the others poultry livestock segment holds a considerable market share and is expected to progress at a CAGR of around 6.6% through the projected timespan.
Under swine, the starter segment is anticipated to observe profitable growth, expanding at a CAGR of more than 5.9% over the forecast period. The grower swine segment is set to capture a considerable market share, registering a CAGR of over 6.1% through the growth period. Meanwhile, the sow swine segment is likely to witness optimistic growth at a CAGR of approximately 5.5% over the review timeline.
With respect to cattle, the dairy segment is set to see sturdy expansion at a CAGR of more than 6.1% through the assessment timeframe. Meanwhile the others cattle livestock segment is anticipated to record an impressive CAGR of around 5.8% over the stipulated period.
Under aquaculture, the salmon segment is likely to garner steady gains, accelerating at a CAGR of more than 6.2% through the estimated period. The trout aquaculture segment is projected to rise at a steady CAGR of nearly 6.4% over the study timeline.
The shrimp aquaculture segment is slated to see robust growth at a CAGR of approximately 6.1% through the forecast period. The carp aquaculture segment is calculated to expand at a notable CAGR of about 6.3% over the estimated period. The yellow catfish segment is set to achieve greater profits, delivering a CAGR of above 6.0% through the analysis timeline.
The snakehead aquaculture segment is estimated to grow at a CAGR of nearly 4.1% while the seabass aquaculture segment is calculated to progress at a CAGR of around 4.7% over the projected timeline. The pomfret aquaculture segment is speculated expand at a CAGR of approximately 5.8% during the forecast timeline to attain solid revenue growth by 2027.
The herring segment is projected to witness positive development, recording a CAGR of about 5.9% through the assessment timeframe. The eel segment is set to expand at a CAGR of more than 5.0% over the stipulated timespan. The turtle aquaculture segment is likely to observe robust segmental expansion at a CAGR of over 4.5% through the analysis period.
The crab aquaculture segment is anticipated to rise exponentially at a CAGR of about 5.4% whereas the others aquaculture livestock segment is expected to sustain a healthy development at a CAGR of approximately 6.0% through the forecast timeline.
The petfood livestock segment is expected to garner significant advancement at a CAGR of around 5.5% through the study timeline. The animal feed protein ingredients market from the equine livestock segment is set to gain robust momentum, recording a CAGR of about 4.6% over the stipulated period. The others livestock segment is likely to register a CAGR of almost 5.2% over the assessment timeframe.
From the regional perspective, the Latin America animal feed protein ingredients market is projected to garner noteworthy gains at a CAGR exceeding 6.1% through the forecast timeline. Meanwhile, the Middle East & Africa animal feed protein ingredients market is expected to expand at a CAGR of more than 5.5% over the projected period.