Feed Plant-based Protein Market Global Outlook, Trends, and Forecast

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.