A recent report published by Infinium Global Research on the feed protein ingredients market provides an in-depth analysis of segments and sub-segments in the global as well as regional feed protein ingredients market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional feed protein ingredients market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global feed protein ingredients market. According to the report, the global feed protein ingredients market is projected to grow at a significant CAGR over the forecast period of 2022-2028.
The main ingredients which are used in commercially prepared feed are the feed grains, which include corn, soybeans, sorghum, oats, and barley. The compound feed may also include premixes, which may also be sold separately. We classified feeds into three main types namely, Concentrates, Roughages, and Mixed feeds. The Roughages include hays, forages, silages, and byproduct feeds which contain a high percentage of fiber. Moisture, lipids, proteins, fiber, carbohydrates, minerals, and vitamins are the major components of feedstuffs. The feeds are also classifieds into two broad categories that are, forages and concentrates. These concentrates are feeds that are high in energy content. The concentrated protein content varies from, 2 to 80%. Forages, on the other hand, and has a, much narrower range in protein content, from 2 to 22%. Nutrients are divided into five categories normally such as protein, water, minerals, carbohydrates, and vitamins.
An increase in healthcare awareness has led consumers to shift their focus to protein and nutritional base diets. In addition to this, people are more conscious of their health along with this the growing demand for plant-based proteins is also contributing to the growth and development of the global protein ingredients market. Dieticians and doctors are recommending people consume proteins on a large scale. This is attributed to the growing prevalence of chronic disorders and infections. Therefore the adaption of protein ingredients is increasing as people have started at the prior level. The high cost of protein ingredients negatively affects the market. In the market, there is a variety of protein products are available nowadays which include, multiple flavors, and forms such as dry and liquid, some proteins are specifically designed for vegan consumers including customizations. With these immunities, the cost of that protein products also increased simultaneously. Which cannot be always affordable for everyone. This factor may hamper the growth of the market. Growing demand for plant-based protein creates a lucrative growth opportunity for the market. If an individual lacks proteins or fiber, then he can easily fulfill it by incorporating certain plant proteins into his diet, such as pulses, peas, and nuts. The plant-based proteins tend to be lesser in fats and calories in comparison to animal proteins but have greater fiber and essential nutrients.
Asia Pacific is expected to register the highest growth rate in terms of revenue for this market period due to the emerging consumer markets in countries, such as China and India. China, there is easy availability of raw materials makes China one of the biggest producers of plant and animal-based products. Soy accounted for more than 91% share of the plant-based protein segment in the country and it is widely consumed in China. In 2020, North America dominate the market and accounted for more than 40.0% share of the market. The growing demand for protein ingredients is a result of the increasing consumption of snacks, cold cereals, and energy bars. The introduction of new products, such as Enfamil Human Milk Fortifier Liquid High Protein, by companies including Mead Johnson and Cargill, Inc. to cater to the consumer needs for cholesterol-free and low saturated fat beverages is expected to augment the product demand further. In the European region, Germany accounted for the largest share in 2020. The rise in the geriatric population in Germany has fueled the demand for medical nutritional products that are helpful in bone and muscle maintenance. This has propelled the demand for these ingredients in the recent past as well. Moreover, the contribution of protein ingredients in treating Alzheimer’s disease has positively impacted the market in Germany.
The report on the global feed protein ingredients market covers segments such as form, application, source, and end-user. On the basis of form, the sub-markets include dry, and liquid. On the basis of application, the sub-markets include pharmaceutical, animal feed, food and beverages, and cosmetics and personal care. On the basis of source, the sub-markets include plant source, and animal source. On the basis of end-user, the sub-markets include cattle, poultry, swine, pork, and others.
The report provides profiles of the companies in the market such as The Archer-Daniels-Midland Company, DuPont, Rousselot, Fonterra Co-operative Group Limited, Burcon NutraScience, Kewpie Corporation, Tessenderlo Group, Roquette, The Scoular Company, and CHS Inc.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the feed protein ingredients market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
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