The global soy protein for animal feed market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period (2024-2031). The collaboration of key market players to develop advanced soy ingredient based animal feed is a major factor driving the growth of the global soy protein for animal feed market. For instance, in May 2023, Benson Hill, a US based food technology company that uses data science to selectively and rapidly breed plants for specific traits has collaborated with aquaculture feed supplier BioMar to develop more sustainable soy ingredients. The partners are working together to further reduces the footprint of soy ingredients. The high concentration of protein allows the manufacturers to replace soy-protein concentrates with minimal processing, which reduces the carbon emissions and water use associated with the ingredient’s production.
Further, in March 2023, Corteva Inc. and Bunge have entered into multi-year collaboration to develop more nutritious soybean meal for the animal feed industry, specifically suited for poultry, swine and aqua feed. Through this collaboration, Corteva is leveraging its expertise in germplasm, gene editing, and traits discovery to develop soybean varieties with greater protein content, optimized amino acid profiles, and lower levels of anti-nutritional factors. Early field trial research has confirmed Corteva’s approach to boosting protein levels and significantly increasing the proportion of the key amino acids methionine and lysine in the soybean while maintaining high field and oil yields.
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Market Coverage
- The market number available for – 2022-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Protein Type
- By Application
By Protein Type
- Concentrated Soy Protein
- Isolated Soy Protein
- Other Products
By Application
- Aqua Feed
- Poultry Feed
- Pig Feed
- Other Application
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Company Profiles
- Archer-Daniels-Midland Co.
- Burcon NutraScience Corp.
- Caramuru Alimentos
- Cargill Inc.
- CJ Selecta
- DHN International
- Fujian Changde Protein Science and Technology
- Hamlet Protein
- Kerry group
- Meca Group
- Nordic Soya
- Now Foods
- Nutraferma
- Shandong Zhongyang BiotechnologyA
- Sonic Biochem Extraction Pvt. Ltd.
- Wilmar International Ltd.
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