Protein Hydrolysate Market Growth, Opportunities, Challenges | Company Profiles, Business Overview, and Forecast to 2027

Growing awareness regarding the livestock health and accelerating demand for safe and healthy animal feed has instigated the application of protein hydrolysate to a great extent. According to the United Nations Food and Agriculture Organization, production of animal proteins is expected to increase by about 1.7% per year by 2050. In this dairy production will increase by 55%, meat by around 70% and aquaculture by 90%. This is expected to stimulate the growth of protein hydrolysate for animal feed application market over the ensuing years.

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According to a latest report by Global Market Insights, Inc., protein hydrolysate market for animal feed application is expected to record a valuation of over USD 600 million by the end of 2027, in light of the below mentioned trends:

Growing popularity of animal protein hydrolysate

Animal protein hydrolysate is known to be a superior source of protein for newly weaned animals. This protein hydrolysate is further categorized into bovine protein hydrolysate, poultry protein hydrolysate and pig protein hydrolysate. These hydrolysates comprise of antimicrobials, antioxidants and other bioactive molecules facilitate promising applications related to production and companion animals.

Heightened demand for plant protein hydrolysate

Increasing adoption of plant protein hydrolysate as a vital source for animal nutrition is significantly contributing the industry growth. For instance, soybean meals are largely used as a raw material for the production of protein hydrolysate owing to their high nutritional value. Besides, it is a cost-effective source of protein for animal feed and represents 65% of the global output of protein-based animal feed. With the elevating product demand, plant protein hydrolysate segment is estimated to exhibit a notable CAGR of around 5.5% through 2027.

Increasing consumption of milk protein hydrolysate

Rising consumer awareness about the numerous benefits offered by milk protein hydrolysate for animal health such as improved fat and protein digestibility, feed efficiency, absorption and retention of minerals, increased weight gains, etc. is impelling the product adoption significantly. On account of the rising product demand, milk protein hydrolysate segment is expected to observe a robust CAGR of 4.5% through 2027.

Thriving aquaculture industry in North America

North America protein hydrolysate for animal feed application industry is largely driven by the flourishing aquaculture sector in the region. Besides, growing awareness regarding healthy protein rich feed as well as rising per-capita consumption of chicken in the U.S. is also positively impacting the industry growth. According to the National Chicken Council estimates, the per-capita consumption of chicken in the U.S. will account for 97.8 pounds and is expected to reach 98.1 pounds in 2022. On account of these factors, the regional market had accounted for over USD 160 million in 2020 and is expected to grow exponentially over the coming years.

Increasing meat production in Europe

Europe is observing a considerable rise in the production as well as processing of meat on account of the financial and technical support by the government authorities. This is providing ample growth opportunities for protein hydrolysate for animal feed application market in Europe. Reportedly, the market is forecasted to record a substantial valuation of over USD 300 million by 2027. Numerous poultry companies in the region are developing and enhancing meat products to offer quality product to the consumers and other waste products for animal consumption. This in turn is stimulating business expansion in the region.

Key Players List: Hofseth Biocare ASA, 3D Corporation Solution, Great Pacific Bioproducts Ltd., Nutrifish, C.R. Brown Enterprises, Marutham Bio Ages Innovation (P) Ltd., SOPROPECHE and Scanbio Marine Group.

View Full Report Details at: https://www.gminsights.com/industry-analysis/protein-hydrolysate-for-animal-feed-application-market

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