Global Feed Plant-Based Protein Market

Global Feed Plant-Based Protein Market Size, Share, Growth Analysis, By Type(Soybean Protein, Wheat Protein), By Application(Pets, Swine) - Industry Forecast 2023-2030


Report ID: SQMIG30C2041 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 66 | Figures: 75

Global Feed Plant-Based Protein Market Insights

Feed Plant-Based Protein Market size was valued at USD 13.26 billion in 2021 and is poised to grow from USD 14.1 billion in 2022 to USD 21.13 billion by 2030, growing at a CAGR of 6.4% in the forecast period (2023-2030).

Proteins and amino acids are very important for animals to grow and stay healthy. Animals like calves, broilers, and pigs need amino acids to get the nutrition they need and to speed up their metabolism. The feed protein market is now being driven by changing trends and people who know how good plant-based protein is. Additionally, increasing inclination towards a vegan diet, emerging economies such as Southeast Asia, Latin America, and the Middle East & Africa, and increasing intolerance for animal proteins provide significant growth opportunities for plant-based protein manufacturers. It has been seen that vegans and vegetarians who own pets or animals are more likely to feed their pets or animals plant-based protein. Since there isn't a big difference between animal-based protein for feed and plant-based protein for feed, the use of and demand for plant-based protein for feed has grown a lot in recent times and will drive the feed plant-based protein market during the analysis period.

US Feed Plant-Based Protein Market  is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 13.26 billion

Largest Segment

soybean protein

Fastest Growth

soybean protein

Growth Rate

6.4% CAGR

Global Feed Plant-Based Protein Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Feed Plant-Based Protein Market Size by Type, 2022-2028 ($ Bn)
Global Feed Plant-Based Protein Market Size by Type, 2022-2028 (%)

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Global Feed Plant-Based Protein Market Segmental Analysis

The global feed plant-based protein market is segmented based on type, application, and region. Based on type, the Feed Plant-Based Protein Market is segmented into soybean protein, wheat protein, pea protein, and sunflower protein. Based on application, the Feed Plant-Based Protein Market  is segmented into pets, swine, ruminants, poultry, and aquatic animals. Based on region, the global Feed Plant-Based Protein market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Feed Plant-Based Protein Market Analysis by Type

In the year 2021, the market sector for pea protein accounted for the largest feed plant-based protein market share and is the one that is expanding at the quickest rate, and soybean protein dominated the plant-based feed protein segment during the same time. Alternatives to the traditional protein components used in animal feed can be made from pea proteins. Pea protein is becoming more in demand as an essential component in the production of feed as a result of the numerous health advantages it offers as well as the simplicity with which it can be included in finished goods. These factors will propel the demand for feed plant-based protein during the analysis period.

Feed Plant-Based Protein Market Analysis by Application

The pet industry was driving the plant-based protein market for animal feed in 2021. The pet food industry is leaning toward using more plant-based ingredients, and plant-based proteins are finding their way into more and more products. Increasing numbers of pet owners are opting for a vegetarian or vegan diet, which has spurred a rise in the popularity of plant-based pet food. More and more vegan and vegetarian pet owners are choosing to provide their animals with a diet based on plant-based proteins, which has been linked to a reduction in the incidence of some common health problems in pets. These factors are creating demand for the feed plant-based protein and are responsible for driving the global feed plant-based protein market during the analysis period.

Global Feed Plant-Based Protein Market By Type, 2021 (%), 2021 (%)

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Global Feed Plant-Based Protein Market Regional Insights

In 2021, the European market accounted for the most significant plant-based protein market share globally. Soy, pea, and wheat are three of the most popular plant-based sources of protein for animal feed in Europe. Rising demand for organic materials in the pet food and feed sector is expected to boost sales of plant-based protein components in both North America and Europe. Nonetheless, the Asia-Pacific region is expected to continue seeing significant demand for feed plant-based protein due to factors such as the rising adoption of pets, the expansion of metropolitan areas, the rise of animal husbandry, and the expansion of the meat-eating population. As pet owners in China continue to favor prepackaged pet food over raw ingredients, the demand for plant-based protein in feed is expected to stay high.

Global Feed Plant-Based Protein Market By Geography, 2022 - 2028, 2023-2030
  • Largest
  • Fastest

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Global Feed Plant-Based Protein Market Dynamics

Feed Plant-Based Protein Market Driver

The demand for vegetarian protein in the human population has led to a shift in the use of animal products in animal feed.

  • The demand for vegetarian protein in the human population has led to a shift in the use of animal products in animal feed. There is evidence that pets, including dogs and cats, share their owners' choice of a plant-based protein diet. Farm animal welfare and rights are the primary concern with meat-based pet food diets. Furthermore, most pet owners are animal enthusiasts, and as a result, they are more inclined to place a high value on the humane and ethical treatment of animals raised for food production. Strong growth drivers in recent years pushing plant-based pet food include an unhealthy impression of meat and environmental and sustainability concerns over animal protein manufacturing.

The increased Free-FORM MARKET.

  • The increased soy-free and gluten-free demands of the consumer is helping to drive the market. It quickly became the fastest-growing nutritional movement, gaining popularity for their health and therapeutic benefits.

Feed Plant-Based Protein Market Restraint

Increasing costs and strict regulation in some regions are the major restraints to market growth.

  • In contrast to the more relaxed controls imposed by government regulators in the Asia Pacific and South American regions, authorities in Europe and North America are very particular about what goes into the animal feed they approve. Varied countries have different rules about what can and cannot be included in pet food, including things like preservatives, ethoxyquin, and food coloring. The global trade of feed ingredients has been stifled by the absence of a unified regulatory framework. Feed ingredient businesses have lost a lot of money while investing heavily. This is because of any laws.

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Global Feed Plant-Based Protein Market Competitive Landscape

The feed plant-based protein market is relatively fragmented, with a high level of competition. Few large players, like DuPont, Ingredion, and Kroner, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.

Feed Plant-Based Protein Market Top Player’s Company Profiles

  • Beyond Meat
  • Impossible Foods
  • Quorn
  • Gardein
  • MorningStar Farms
  • Tofurky
  • Lightlife Foods
  • Boca Foods
  • Amy's Kitchen
  • Field Roast
  • Daiya Foods
  • Sweet Earth Foods
  • No Evil Foods
  • Alpha Foods
  • Dr. Praeger's
  • Yves Veggie Cuisine
  • Loma Linda
  • Sophie's Kitchen
  • Good Catch
  • The Vegetarian Butcher

Feed Plant-Based Protein Market Recent Developments

  • In May 2022, Kerry, announced the opening of its advanced taste manufacturing facility on the African continent. It will produce sustainable nutrition solutions that will be consumed across the African continent.
  • In April 2022, Kerry announced that it has completed the acquisition of Natreon, Inc., which is situated in the US and is a prominent provider of branded ayurvedic botanical components.
  • In March 2022, Goodmylk, the plant-based dairy company, acquired nutrition brand PRO2FIT in one of the first M&As in India’s growing plant-based sector. PRO2FIT produces plant-based nutrition products such as vegan protein powder and retails across India. 

  • In January 2022 , PlantPlus Foods Closes $100 Million Acquisition Of Sol Cuisine To Expand Foothold In America’s Plant-Based Market

Global Feed Plant-Based Protein Key Market Trends

  • Key companies like DuPont (US), Roquette Frères (France), Kerry Group (Ireland), and Ingredion (US) have been putting a lot of effort into making feed with protein from plants. In the pet food industry, new technologies have been made possible by a lot of research and development. The Kerry Group (Ireland), Global Innovation Center, published a study in 2020 that showed that pets are eating more PurePal pet food because it smells better which is driving the demand for it.
  • In 2019, pet diets tend to mirror human diets due to the availability of plant-based pet food in North America, according to the AVMA. Purina, Pedigree, Natural Balance, and PetGuard offer plant-based pet foods. Brown rice, barley, peas, spinach, and potatoes provide protein. Strategic agreements between pet food and ingredient manufacturers have helped advance the feed plant-based protein market.

Global Feed Plant-Based Protein Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, Pea protein is becoming more in demand as an essential component in the production of feed as a result of its numerous health advantages. These factors will propel the demand for feed plant-based protein during the analysis period. The pet industry was driving the plant-based protein market for animal feed in 2021. Increasing numbers of pet owners are opting for a vegetarian or vegan diet. Rising demand for organic materials in the pet food and feed sector is expected to boost sales in North America and Europe. The Asia-Pacific region will continue to see significant demand for feed with the expansion of the meat-eating population.

Report Metric Details
Market size value in 2021 USD 13.26 billion
Market size value in 2030 USD 21.13 billion
Growth Rate 6.4%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Soybean Protein, Wheat Protein, Pea Protein, Sunflower Protein
  • Application
    • Pets, Swine, Ruminants, Poultry, Aquatic Animals
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Beyond Meat
  • Impossible Foods
  • Quorn
  • Gardein
  • MorningStar Farms
  • Tofurky
  • Lightlife Foods
  • Boca Foods
  • Amy's Kitchen
  • Field Roast
  • Daiya Foods
  • Sweet Earth Foods
  • No Evil Foods
  • Alpha Foods
  • Dr. Praeger's
  • Yves Veggie Cuisine
  • Loma Linda
  • Sophie's Kitchen
  • Good Catch
  • The Vegetarian Butcher
Customization scope

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  • Segments by type, application, etc
  • Company profile
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  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Feed Plant-Based Protein Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Feed Plant-Based Protein Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Feed Plant-Based Protein Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Feed Plant-Based Protein Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Feed Plant-Based Protein Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Feed Plant-Based Protein Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Feed Plant-Based Protein Market size was valued at USD 13.26 billion in 2021 and is poised to grow from USD 14.1 billion in 2022 to USD 21.13 billion by 2030, growing at a CAGR of 6.4% in the forecast period (2023-2030).

The feed plant-based protein market is relatively fragmented, with a high level of competition. Few large players, like DuPont, Ingredion, and Kroner, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Beyond Meat', 'Impossible Foods', 'Quorn', 'Gardein', 'MorningStar Farms', 'Tofurky', 'Lightlife Foods', 'Boca Foods', 'Amy's Kitchen', 'Field Roast', 'Daiya Foods', 'Sweet Earth Foods', 'No Evil Foods', 'Alpha Foods', 'Dr. Praeger's', 'Yves Veggie Cuisine', 'Loma Linda', 'Sophie's Kitchen', 'Good Catch', 'The Vegetarian Butcher'

The demand for vegetarian protein in the human population has led to a shift in the use of animal products in animal feed. There is evidence that pets, including dogs and cats, share their owners' choice of a plant-based protein diet. Farm animal welfare and rights are the primary concern with meat-based pet food diets. Furthermore, most pet owners are animal enthusiasts, and as a result, they are more inclined to place a high value on the humane and ethical treatment of animals raised for food production. Strong growth drivers in recent years pushing plant-based pet food include an unhealthy impression of meat and environmental and sustainability concerns over animal protein manufacturing.

Key companies like DuPont (US), Roquette Frères (France), Kerry Group (Ireland), and Ingredion (US) have been putting a lot of effort into making feed with protein from plants. In the pet food industry, new technologies have been made possible by a lot of research and development. The Kerry Group (Ireland), Global Innovation Center, published a study in 2020 that showed that pets are eating more PurePal pet food because it smells better which is driving the demand for it.

In 2021, the European market accounted for the most significant plant-based protein market share globally. Soy, pea, and wheat are three of the most popular plant-based sources of protein for animal feed in Europe. Rising demand for organic materials in the pet food and feed sector is expected to boost sales of plant-based protein components in both North America and Europe. Nonetheless, the Asia-Pacific region is expected to continue seeing significant demand for feed plant-based protein due to factors such as the rising adoption of pets, the expansion of metropolitan areas, the rise of animal husbandry, and the expansion of the meat-eating population. As pet owners in China continue to favor prepackaged pet food over raw ingredients, the demand for plant-based protein in feed is expected to stay high.

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