Asia Pacific alternative protein market for animal feed is set to unlock profitable gains through 2027. Protein is necessary for supporting critical physiological processes in animals, such as weight, growth performance, and overall health. Plant and insect-based proteins are considered sustainable protein sources and have various advantages over animal-based proteins. Some leading companies offering alternative protein market for animal feed products across Asia Pacific are listed below:
- Archer Daniels Midland Company
- Du Pont
- Nordic Soy Oy, CHS Inc
- Deep Branch Biotechnology
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Alternative protein market for animal feed in Asia Pacific application is expected to be valued at $1.95 billion by 2027. To retain their market position, companies are focusing on strategic activities such as partnerships, new product launch, M&A, etc. Cargill announced the launch of selected plant-based protein products in February 2020, including ground and patty-shaped forms. Cargill’s existing product portfolio will be enhanced as a result of this decision, which will give the company a competitive advantage over the market.
The onslaught of the COVID-19 pandemic has made individuals re-evaluate their food choices, especially regarding meat intake. With increased focus toward physical wellbeing, consumers are being essentially conscious about what their food intake. Several vegan meat manufacturers have seized this opportunity and positioned themselves as a healthier alternative for protein into the market.
Asia Pacific alternative protein market share from duckweed source segment amounted for $6 million revenue in 2020. Duckweed is used for a variety of applications, including cow feed and biofuel for ethanol production. It is an easy plant to grow that has a dual purpose: it recycles nutrients from various biomass sources while also being edible. Because it has a nutrition composition comparable to soybeans, it is the plant that most closely resembles the protein values of animal meat.
While soy has long been a popular source of protein for humans, a vast majority of soybeans are used for animal feed. It is the most popular protein source for all compounded feeds for poultry, dairy cattle, and pigs worldwide, and is used to feed animals produced for human consumption. Asia Pacific soy protein isolate market for animal feed use is expected to reach $590 million by 2027.
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Soybeans are a wonderful source of fiber, minerals, and complex carbs. For the animal feed industry, soy protein isolate offers a number of benefits, including high-quality protein derived from soy, high digestibility, minimal antigenicity, and a dense source of balanced protein and amino acids for high-performance diets. In addition to that, soy protein isolate has a crude protein level of roughly 90%.
Among other alternative protein sources for animal feed, insect meal is becoming a popular alternative. It is nutrient-dense and cost-effective. Protein, fatty acids, and antimicrobial peptides can all be found in insect diets, which can include up to 80% protein. Insect meal is described as a ‘circular economy’ feed since it is made from food waste consumed by insects.
Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Market assummptions & forecast parameters
1.4 Data Sources
Chapter 2 Executive Summary
2.1 Alternative protein market for animal feed application 2019 – 2026
2.1.1 Business trends
2.1.2 Country trends
2.1.3 Product trends
2.1.4 Livestock trends
Chapter 3 APAC alternative protein market for animal feed application Industry Insights
3.1 Industry segmentation
3.2 Industry outlook, 2016 – 2027
3.3 Value Chain
3.4 Regulatory Overview
3.5 Market factor analysis
3.5.1 Growth drivers
3.5.2 Growth restraints
3.6 Competition review
3.7 Porter’s analysis
3.8 PEST5EL analysis
3.9 Impact of COVID-19 on rare suagr demand by application
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