Global Europe Alternative Protein Market Report by Market Study report scrutinizes the overall market synopsis globally, their restraining factors, drivers, major challenges, opportunities, latest trends to stabilize the global Europe Alternative Protein market situation, future developmental plans, and values pertaining to various marketing states. This global Europe Alternative Protein market report also enables users to make a decision and considering the overall market feasibility. It also adds thorough information on market size, product, key players, various application and major geographical regions.
Alternative proteins for animal feed generally comprise of protein supplements derived from soy, duckweed, insect, yeast, fungal, and grain. Proteins stand to be an innate requirement for proper growth of a human as well as animals. They act as growth promoter and are generally added in a proper quantity in both human food and animal feed. However, currently animal feed producers are laying immense focus on including alternative proteins in feed and animal diets.
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Soy proteins are considered to be one of the most popular alternative proteins for animal feed applications. These proteins are generally present in different forms like soy protein isolate, soy protein concentrate, and others.
Soy protein isolate is a rich source of protein, consisting of a minimum 90% protein, which is why these are being largely used in animal feed applications as nutritional value of animal diets is of utmost important today. The demand for high protein animal feed has been dramatically rising worldwide, owing to the growing focus being laid on augmenting the overall health performance of ligaments, muscles, cartilage, skin, and heart of animals. Additionally, the expanding livestock production in European economies has tremendously evoked the consumption of alternative protein rich diets for animals in the region.
Moving further, soy protein concentrates are seen as a potential substitute for meat and dairy based protein products owing to its high protein content. That said, soy protein concentrate market segment across Europe alternative protein for animal feed industry exceeded an overall valuation of USD 250 million in 2019, and is looking forward to amassing phenomenal gains over the span of 2020 to 2026. The growth is expected to come from the development of new soy protein concentrates manufacturing and processing technologies, which can help eliminate the anti-nutritional factors present in them.
Given the umpteen benefits and prominence of soy proteins, it would be important to mention that adoption of soy-based meals is increasing extensively worldwide for animal feed applications over a while now. Moreover, use of soy protein concentrates as pre-starters for young animals has also soared to an all new level as animal producers are spending more on boosting the animal health at nascent development stage.
It has been estimated that Europe alternative protein for animal feed market share is anticipated to exceed and overall remuneration of USD 950 million by the end of 2026. Animal feed producers have amplified their spending on animal feeds to improve animal performance, animal immune system, and promote growth. Apparently, this trend has potentially influenced these citizens to explore alternative protein options, in turn driving the alternative protein market in Europe.
Animal producers have increased their spending on animal feeds that enhance animal performance, promote growth, and enhance animal immune system. This trend has influenced animal producers to explore alternative protein options, which is anticipated to drive the alternative protein market in Europe.
Considering the animal category demanding huge demand for alternative protein in feed applications, it has been observed that the industry share from pet food industry is touted to observe a growth rate of 6% through 2026. This can be credited to the growing pet adoption and rising humanization of pets.
Also, high cost of meat-based proteins for pet food is likely to influence the consumers to opt for vivid alternatives protein supplements. On top of that, mounting consumer cognizance regarding pet nutritional value and health of pet diets, driven by changing lifestyle would also considerably stimulate the demand for alternative protein in pet foods market.
Europe alternative protein for animal feed market is highly concentrated and boasts of the presence of prominent leader in the business space. These conglomerates have been engaged in mergers and acquisitions, product diversification, and business expansion to score an edge over others in Europe alternative protein for animal feed industry.
For instance, ADM Animal Nutrition- a business segment of Archer Daniels Midland Company- had in 2018 announced the launch of yeast protein for cats and dogs for offering nutritional values in pet food.
Table of Contents:
- Global Emergency Europe Alternative Protein Market Overview
- Market Competition by Manufacturers
- Production, Revenue (Value) by Region
- Supply (Production), Consumption, Export, Import by Regions
- Production, Revenue (Value), Price Trend by Type
- Market Analysis by Application
- Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
Summary of the regional outlook documented in this report:
- Consumption pattern and consumption rate with respected to each region.
- Predicted consumption rates over the forecast period.
- Market forecasts of key regions are detailed in the report.
- Consumption market share solely based on the regional contribution.
- Market share held by the listed geographies.
COVID-19, the disease it causes, surfaced in late 2019, and now had become a full-blown crisis worldwide. Over fifty key countries had declared a national emergency to combat coronavirus. With cases spreading, and the epicentre of the outbreak shifting to Europe, North America, India and Latin America, life in these regions has been upended the way it had been in Asia earlier in the developing crisis. As the coronavirus pandemic has worsened, the entertainment industry has been upended along with most every other facet of life. As experts work toward a better understanding, the world shudders in fear of the unknown, a worry that has rocked global financial markets, leading to daily volatility in the U.S. stock markets.
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