Microbial Protein for Feed Market is expected to reach US$ 308,055.17 thousand by 2028

Publisher: The Insight Partners

Rising Demand for Sustainable Feed Protein to Drive Microbial Protein for Feed Market

According to our latest market study on “Microbial Protein for Feed Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Source and Application,” the microbial protein for feed market size is expected to grow from US$ 141,095.88 thousand in 2022 to US$ 308,055.17 thousand by 2028; it is estimated to register a CAGR of 13.9% from 2022 to 2028. The report highlights key factors driving the microbial protein for feed market and prominent players along with their developments in the market.

Microbial protein is obtained by fermentation of various substrates, such as industrial waste and gases—including methane, natural gas, and carbon dioxide using either bacterium, yeast, filamentous fungi, or microalgae, among other micro-organisms. Microbial protein is witnessing high demand in the animal feed industry as it is one of the most sustainable sources of protein. Moreover, it has a high concentration of crude protein and essential amino acids, which is driving its demand across the animal feed industry.  

Global microbial protein for feed market Breakdown – by Region

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/sample/TIPRE00029836 Microbial protein is one of the excellent alternatives to conventional sources of proteins such as soybean and fish meal. According to the feed industry journal "WattAgNet," if 13% of the protein in animal feed is replaced with microbial protein, worldwide cropland usage will be reduced by 6%, and agricultural greenhouse gas (GHG) emissions will be reduced by 7%. Moreover, by 2050, the researchers expect that microbial protein will replace 10–19% of the demand for conventional crop-based feed protein.

There is already intense pressure on livestock farmers to reduce their environmental footprint. In contrast, rising arable land prices and feed production costs drive the demand for sustainable feed protein. This factor drives the microbial protein for feed market growth.

The key players operating in the global microbial protein for feed market include Calysta, Inc.; Avecom; Arbiom; KnipBio; ICC; and Alltech. Players operating in the microbial protein for feed market are focusing on providing high-quality products to fulfill customer demand. They are also focusing on strategies such as investments in research and development activities and mergers & acquisitions.

Impact of COVID-19 Pandemic on Microbial Protein for Feed Market

The COVID-19 pandemic affected economies and industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) hampered the growth of several industries, including the agriculture and animal feed industry. Manufacturers of microbial protein faced significant challenges due to supply chain constraints caused by nationwide lockdowns, trade bans, and travel restrictions. The supply chain disruptions created a shortage of raw materials, which affected the production and distribution of microbial proteins, leading to increased prices. These proteins are produced in a limited number of countries, including the US, Denmark, and the UK, which leads to dependency on these countries in other parts of the world. Bans on international imports and export in many countries led to the interrupted supply of microbial proteins during the COVID-19 pandemic. 

In 2021, several economies resumed operations as governments announced relaxations in the previously imposed restrictions, which boosted the global marketplace. Moreover, manufacturers were permitted to operate at full capacities, which helped them overcome the demand and supply gap and other repercussions. As a majority of the global population was fully vaccinated by 2021, the microbial protein manufacturers focused on increasing their production to revive their businesses.

The report includes the segmentation of the global microbial protein for feed market as follows:

The global microbial protein for feed market is segmented based on source, application, and geography. Based on source, the market is segmented into bacteria, yeast, and others. Based on application, the market is segmented into poultry, ruminants, aquaculture, and others. By geography, the global microbial protein for feed market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, South & Central America, and Central Asia.

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