Soy protein for animal feed market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period. Soy protein is a renowned ingredient in animal feed, as it is a high-quality source of protein that can improve the growth and development of livestock. The use of soy protein in animal feed is used to increase the overall protein content of the feed, which can lead to improved weight gain, feed efficiency, and overall animal health. The major factors contributing to the growth of the soy protein for animal feed market include the increasing livestock population and rising demand for meat and dairy products.
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A significant rise in livestock population has been reported across emerging countries. For instance, as per the National Dairy Development Board, in India, the total livestock population increased from 512.1 million in 2012 to 535.8 million in 2019. Increasing dairy farming is the major factor in the increasing focus on livestock farming in the country. This leads to the increasing demand for soy protein for animal feed which is which is highly nutritious for different livestock.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Soy Protein for Animal Feed Market by Protein Type
- Concentrated Soy Protein
- Isolated Soy Protein
- Other Products
Global Soy Protein for Animal Feed Market by Application
- Aqua Feed
- Poultry Feed
- Pig Feed
- Other Application
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
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.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global soy protein for animal feed market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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