Europe Alternative Protein Market Moving Towards a Glaring Growth Rate at USD 950 Million by 2026

Author : Ronak Bora | Published Date : 2021-09-03 

Europe alternative protein market for animal feed has gained a lot of popularity among end-users because of the surge in plant-based protein demand among consumers. Alternative proteins are taken from sources that exclude meat and dairy products. They are protein supplements that are extracted from insect, grain, soy, duckweed, yeast, algae and hamlet. Sunflower, pea and groundnuts are other sources of alternative protein as well.

Soy-based is the most popular form of alternative protein in animal feeds. Plant-based proteins are said to have more protein component as compared to meat-based ones. Seeds and crops are undergoing genetic engineering to make them more nutritious and these can play a pivotal role in increasing the protein content in animal feeds.

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Some important trends that will drive Europe alternative protein market are:

Soy protein isolates will be adopted in animal feeds:

Soy protein isolate will find higher rate of adoption among end-users in Europe because it contains nearly 90% of protein content. It is highly demanded by animal farm owners because this protein is quite rich in nutrition and animals require such diets to facilitate proper growth and development. This form of protein in feeds has many benefits for animals like improved development of muscles, heart, ligaments and cartilage.

Meat-eating customers will surge in Europe:

The number of customers having meat in different countries across Europe alternative protein market has increased by many folds because of rise in restaurants, fast-food chains and hotels. This has raised the demand for alternative protein-based animal additives that will be used in their feeds.

The proteins have many health benefits for animals like increased metabolism, improvement in muscle development, increased stamina and immunity levels. The rise in production of chickens, pigs and cattle across many countries in Europe is an important factor that will raise the demand for alternative protein-based animal feeds.

Poultry will attract demand for alternative proteins:

The poultry segment share in Europe alternative protein market for animal feed reached a valuation of nearly $250 million in 2019. Proteins play an important role in poultry feeds because they have a number of health benefits for chickens like improved egg production, greater immunity, healthy weight and many others.

However, the overall cost of these animal feeds is much higher as compared to that of alternative proteins. This is where alternative protein feeds will capture the regional market because of rise in sustainable agriculture practices.

Adoption of duckweed will rise in alternative protein feeds:

There are many sources from where alternative proteins are extracted, one of them being duckweed. Duckweed is an aquatic plant that grows like a thick blanket on ponds and lakes and absorbs nutrients through its leaves. The Europe alternative protein market segment is projected to grow at 14% CAGR through 2026 because it consists of high fiber and protein content. This plant is widely used in animal feeds to increase their nutritional value.

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Duckweed is being extensively used in aquaculture feeds as well because it has high protein value and can help in increasing the fish yielding capacity. Some of the well-known companies involved in the production of alternative protein for animal feed in Europe are Archer Daniel Midland Group, Deep Branch Biotechnology, DuPont De Nemours, The Scoular Company among some others.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Market definitions

1.2    Market assumptions & forecast parameters

1.3    Appendix

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

Chapter 2   Executive Summary

2.1    Europe Alternative Protein Market for Animal Feed industry summary, 2015 - 2026

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Livestock trends

2.1.4    Country trends

Chapter 3   Europe Alternative Protein Market for Animal Feed Industry Insights

3.1    Industry segmentation

3.2    Industry outlook, 2015 - 2026

3.3    Value Chain

3.4    Regulatory overview

3.5    Market factor analysis

3.5.1    Growth drivers

3.5.2    Growth restraints

3.6    Competition review

3.7    Porter’s analysis

3.8    PESTEL analysis

3.9    Impact of COVID-19 on alterantive protein demand by application

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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