the global Animal Feed Protein Powder market size is projected to grow from USD 1760 million in 2023 to USD 2153 million by 2029

Animal Feed Protein Powder Market Summary

Soy protein concentrate powder is a common ingredient used in animal feed formulations to enhance the protein content. It is derived from processed soybeans and is recognized as a high-protein, low-fat product that serves as a significant protein source in animal diets.

According to the new market research report "Global Animal Feed Protein Powder Market Report 2023-2029", published by GlobalInfoResearch, the global Animal Feed Protein Powder market size is projected to grow from USD 1760 million in 2023 to USD 2153 million by 2029, at a CAGR of 3.4% during the forecast period.

• Animal Feed Protein Powder Product

• Global Animal Feed Protein Powder MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Animal Feed Protein Powder Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

Market Drivers:

1. Increased Demand: With population growth and economic development, there is a rising demand for animal products (such as meat, dairy, and poultry), which consequently drives the demand for animal feed protein powder.
2. Development in Livestock Industry: The expansion and modernization of the livestock industry propel the need for high-quality animal feed. Protein powder serves as a crucial nutritional supplement, widely used to enhance animal growth rates and yields.
3. Diversification of Protein Sources: As feed protein powder can be derived from various sources including soybeans, fishmeal, shellfish, among others, factors affecting these sources such as soybean and other raw material production, price fluctuations, and changes in fishery resources also impact the market.

Restraint:

1. Insufficient Raw Material Supply: Instability or disruptions in the supply of certain materials (such as soybeans, fishmeal, etc.) can hinder the production of animal feed protein powder, impacting market availability.
2. Price Volatility: Fluctuations in the prices of raw materials used in animal feed protein powder, such as soybeans being susceptible to supply-demand imbalances, can directly affect production costs, reducing market competitiveness.
3. Regulatory and Policy Changes: Changes in regulations and policies across different countries, such as regulations regarding genetically modified products, import restrictions, environmental protection, etc., can affect market access and operations.

Opportunity:

1. Growing Demand: With increasing population and higher standards of living, there's a continuous rise in demand for animal products such as meat, dairy, and eggs. This drives the demand for feed, especially high-quality protein feed.
2. Sustainable Development Trends: Increased focus on sustainability and environmentally friendly products has led to a growing demand for plant-based animal feed protein powders. This trend promotes the demand for feed derived from plants like soybeans, peas, and beets.

• Global Animal Feed Protein Powder Top18 Players Rankingand Market Share（Continually updated）

Source: GlobalInfoResearch, “Global Animal Feed Protein Powder Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

According to GlobalInfoResearch Top Players Research Center, the global key manufacturers of Soy Protein Concentrate Powder for Animal Feed include CJ Selecta, ADM, Darling International Inc, Caramuru Alimentos, The Scoular Company, Omega Protein Corporation, Roquette Freres, Aarhuskarlshamn AB (AAK), Bunge Ltd., Fujian Changde Protein Science and Technology, etc. In 2022, the global top five players had a share approximately 51.3% in terms of revenue.

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