As per the report by Global Market Insights, Inc. “Worldwide Animal Feed Microbial Protein Market was valued at USD 140 billion in 2022 and will surpass a revenue collection of USD 319 billion by 2032 with an annual growth rate of 8% over 2023 to 2032.”
Growing environmental sustainability is projected to have a positive impact on the industry outlook. Microbial protein is considered a sustainable alternative to traditional animal feed sources such as soybean and fishmeal. This can be produced using less land, water, and energy, and generates fewer greenhouse gas emissions compared to traditional animal feed sources, encouraging animal herders to opt for microbial proteins. Furthermore, increased meat consumption across the world will push industry growth including high protein content, digestibility, palatability, versatility and sustainability. Moreover, increasing focus on sustainability has boosted the demand for yeast produced from renewable feedstocks, such as corn, wheat and sugarcane molasses.
North America animal feed microbial protein industry is set to reach USD 95 million by 2032. The increasing demand for high-quality animal protein and the need for sustainable and cost-effective alternatives are fueling product uptake in the region. Moreover, the introduction of new technology and production methods such as fermentation that aid in production costs and accessibility are pushing the regional market growth.
Some of the leading companies involved in the animal feed microbial protein market are Avecom, KnipBio, Calysta Inc, Quorn Foods, Arbiom, Alltech, Lonza Group, IPK Gatersleben, AG CHEMI group, Nutreco N.V., Quality Liquid feeds, Biomin Holdings Gmbh and Devenish Nutrition Limited. These companies are investing heavily in R&D to develop novel microbial protein products for animal feed. They are also focusing on expanding their presence in different regions to meet the growing demand for sustainable and cost-effective alternatives to traditional protein sources.
Animal feed microbial protein industry news
- In November 2022, Calysta, a biotechnology company, formed a joint venture with Adisseo and Calysseo to build an alternative protein facility in Saudi Arabia in partnership with Food Caravan. With this, the company aimed to expand its offerings to cater to the growing consumer demand.
- In April 2023, Quorn introduced new ingredients division, Marlow Ingredients, to allow food and drink manufacturers to use its mycoprotein ingredients in Europe. The company intends to boost its microbial protein production in the food industry.
Source: https://www.gminsights.com/industry-analysis/animal-feed-microbial-protein-market
