ALL >> Business >> View Article
Feed Plant-based Protein Market- Emerging Innovations Expected To Boost The Global Revenue
The feed plant-based protein market is projected to grow at a CAGR of 6.3% during the forecast period
According to MarketsandMarkets, the global feed plant-based protein market size is estimated to be valued at USD 2.5 billion in 2020 and is projected to reach USD 3.4 billion by 2025, recording a CAGR of 6.3% in terms of value. The feed plant-based protein market is primarily driven by factors such as increase in demand for plant-based pet food due to rise in awareness among the pet owners, pet owners’ inclination toward organic pet food ingredients, and innovative animal husbandry techniques to improve meat quality augments demand for nutritional plant-based protein.
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=178285411
By source, the pea segment is projected to grow at the highest CAGR during the forecast period
Based on source, the pea segment is expected to be the fastest-growing during the forecast period. This segment is rapidly growing and gaining popularity among feed plant-based protein manufacturers as it is an allergen friendly with various functional ...
... characteristics. Furthermore, pea proteins are used in alternatives to conventional feed protein ingredients.
By livestock, the pet segment is estimated to account for the largest share
The pet segment of the feed plant-based protein is dominating the market. The plant-based pet food trend is growing because the pet owners have been more inclined to consume a meatless diet themselves. Moreover, protein preferences in dog and cat food diets have been shown to closely mimic those of their vegan or vegetarian owners, with more of these owners opting to feed their pets a diet consisting of plant-based protein. Owing to these factors the segment is accounted for the largest share.
The Asia Pacific region is projected to grow at the highest CAGR during the forecast period
Asia Pacific is projected to be the fastest-growing market for the period considered for this study, due to increase in the demand and consumption of livestock-based products, a rise in feed production, and the implementation of innovative animal husbandry practices to improve the meat quality and output of other livestock-based products. The increasing awareness about livestock nutrition and healthy diet, modernization of the livestock industry, and the rise in consumption of meat & other livestock-based products have led to an increase in the size of the feed plant-based protein market.
The feed plant-based protein market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, and RoW (South America, Middle East and Africa).
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=178285411
Leading players profiled in this report include the following:
• DuPont (US)
• Kerry Group (Ireland)
• Ingredion (US)
• Emsland Group (Germany)
• AGRANA (Austria)
• Avebe (Netherlands)
• Kroner (Germany)
• Batory Foods (US)
Research Coverage
This report segments the feed plant-based protein market on the basis of source, livestock, type, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, regulatory framework, value chain, ecosystem/market map, end-use analysis, pricing insights, and company profiles—which together comprise and discuss the basic views on the competitive landscape, and emerging & high-growth segments of the feed plant-based protein market, high-growth regions, industry trends, drivers, restraints, opportunities, and challenges.
Add Comment
Business Articles
1. Single Screw Plastic Extruder Demystified For ManufacturersAuthor: ADVAN
2. Leed And Its Impact On Today's World
Author: Agile Advisors
3. Enhancing Safety And Sustainability: Tempgenius Blood Bank And Environmental Monitors
Author: Chris Miller
4. Verg Restoration
Author: PAVEL VERGULYANETS
5. Key Players And Competitive Landscape In The Insect Pest Control Sector
Author: MarketsandMarkets
6. Earthing Rod And Its Types
Author: EARTHING ROD AND ITS TYPES
7. Unveiling Excellence: The Journey Of A Pcb Manufacturer And The Innovations In Rigid-flex Pcbs
Author: Shenzhen Shuoqiang Electronics Co.,Ltd.
8. Exploring Multilayer Pcbs, Aluminum Base Pcbs, And Choosing The Right Pcb Supplier
Author: Shenzhen Shuoqiang Electronics Co.,Ltd.
9. Best Wati Alternatives In 2024 To Improve Customer Engagement
Author: Vilas
10. Revolutionizing Retail Spaces With Architectural Cad Design And Drafting Services
Author: Pavantheaecassociates
11. Professionell Diskning I Stockholm: Ta Hjälp Av Erfarna Diskare
Author: hemstandind i sigtuna
12. Canva Acquires Design Platform Affinity To Bring Professional Design Tools To Every Organization
Author: otis
13. Best Static And Dynamic Website In Mumbai
Author: Techstreat Web Solutions
14. Mastering The Road: The Essential Training For Becoming A School Bus Driver With Northstar Bus Lines
Author: Northstarbuslines
15. Exploring The Potential Of Hydrogen Technologies: A Clean Energy Revolution
Author: yogitamnm