Product ID: SQMIG30C2041
Global Feed Plant-Based Protein Market Size, Share, Growth Analysis, By Type(Soybean Protein, Wheat Protein), By Application(Pets, Swine) - Industry Forecast 2024-2031
Report ID:
SQMIG30C2041 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
66 |
Figures:
75
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.
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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.
Global Feed Plant-Based Protein Market Report Snapshots
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