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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 growth of feed plant-based protein market can be attributed to the 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. European region dominated the global feed plant-based protein market.

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Feed plant-based protein refers to those proteins that are derived from various pulses and grains. Proteins are polymers of amino acids, which are used in livestock feed and pet food for their nutritional and functional properties. Feed plant-based proteins are offered to livestock such as ruminants, swine, poultry, aquatic animals, and pet food. Animals are unable to produce amino acids, which is hence required to be provided with protein diets. This poses as a crucial factor that promotes overall plant-based protein product demand.

Based on livestock, the ruminants segment is projected to be the fastest-growing during the forecast period. The plant-based protein ingredients, besides increasing the production of end products obtained from ruminants, also improve their health and immune systems. The requirement for plant-based protein ingredients has increased in North America and Europe as these regions are the leading beef producers and consumers.

Among various types, the concentrates segment is projected to be the fastest-growing from 2020 to 2025. Feed plant-based protein concentrates deliver balanced nutrition, offering fibers and micronutrients, along with protein. They are sustainably sourced from soy, peas, lentils, and fava beans, which can generally comprise up to 80% of protein content. Liquid extraction of a protein concentrate starts with protein coagulation and separation of the precipitated proteins and insoluble fibers using a decanter. The production of plant protein concentrates is of great interest in the feed industry due to greater requirement for protein, and an increase in awareness among pet owners, especially in developing countries.

European region dominated the global feed plant-based protein market. It is largely driven by new product developments and sustainability concerns over conventional low nutritional protein ingredients. Humans across multiple regions are resorting to vegan trends and lifestyles, which has mirrored the shift toward plant-based pet products in Europe, which has resulted in businesses investing heavily in the development of plant-based pet food.

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The European region consists of some major manufacturers from the feed plant-based protein market, such as Kerry Group (Ireland), Roquette (France), AGRANA (Austria), and Avebe (Netherlands). These key players have supported the usage of plant-based protein in this region by offering technologically advanced equipment for the extraction and usage in feed and pet food. They focus on undertaking a strategic collaboration with feed and pet food manufacturers to increase the usage of plant-based protein and enhance awareness among small- & medium-sized manufacturers.

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Protein Ingredients Market Analysis, Statistics and Global Forecast

The #protein Ingredients Market size is projected to reach USD 70.7 billion by 2025, recording a CAGR of 6.1%.

The major factors driving the protein ingredients market include the increase in demand and consumption of functional food & beverages, growing consumer awareness about healthy diets among people, and increasing demand for protein as nutrition and functional ingredients.

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The liquid segment accounted for the second-largest share in the protein ingredients market

Based on form, the liquid segment occupied the second-largest market share in the protein ingredients market. The liquid form of protein ingredients is majorly used in food & beverages such as sports drinks and other nutritional drinks and cosmetic products. In terms of consistent concentration in the solution, liquid proteins are easier to mix and provide a uniform texture to the consumable product.

The plant segment is expected to grow at the highest CAGR during the forecast period

Based on source, the plant segment is expected to grow at the highest CAGR during the forecast period in the protein ingredients market. The growth of this segment is majorly attributed to its high nutritional profile, low price, low carbon footprint, and higher sustainability compared to animal-sourced protein.

The pharmaceutical segment is projected to be the fastest-growing segment during the forecast period

By application, the pharmaceutical segment is expected to grow at the highest CAGR. This is attributed to the increase in the aging population and their need for improved metabolism and health products as proteins are essential amino acids that help the human body boost its immunity and help build and repair tissues. They are the building blocks for bones, muscles, cartilage, skin, and blood. Thus, protein forms an important component in the pharmaceutical and healthcare industries.

The Asia Pacific is projected to be the fastest-growing region during the forecast period

Asia Pacific is the fastest-growing region in the global protein ingredients market. The market in the region is driven by an increase in population growth, especially in countries such as China and India. Further, a rise in demand for healthy food products, such as soy, wheat, and vegetable protein, having a high nutritional value is driving the market in this region.

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Some Leading companies are Cargill (US), ADM (US), DuPont (US), Kerry Group (Ireland), Omega Protein Corporation (US).

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