Feed Plant-Based Protein Market Size, Share, Growth Analysis, By Type(Soybean Protein, Wheat Protein, Pea Protein, Sunflower Protein), By Application(Pets, Swine, Ruminants, Poultry), By Region - Industry Forecast 2024-2031

Feed Plant-Based Protein Market size was valued at USD 13.26 billion in 2019 and is poised to grow from USD 14.1 billion in 2023 to USD 21.13 billion by 2031, growing at a CAGR of 6.4% in the forecast period (2024-2031).

Proteins and amino acids are very important for animals to grow and stay healthy. Animals like calves, broilers, and pigs need amino acids to get the nutrition they need and to speed up their metabolism. The feed protein market is now being driven by changing trends and people who know how good plant-based protein is. Additionally, increasing inclination towards a vegan diet, emerging economies such as Southeast Asia, Latin America, and the Middle East & Africa, and increasing intolerance for animal proteins provide significant growth opportunities for plant-based protein manufacturers. It has been seen that vegans and vegetarians who own pets or animals are more likely to feed their pets or animals plant-based protein. Since there isn't a big difference between animal-based protein for feed and plant-based protein for feed, the use of and demand for plant-based protein for feed has grown a lot in recent times and will drive the feed plant-based protein market during the analysis period.

US Feed Plant-Based Protein Market  is poised to grow at a sustainable CAGR for the next forecast year.