The global Sustainable Animal Feed market size was accounted at USD 10.57 Bn in 2021; It is projected to grow at a compound annual growth rate (CAGR) of 21.2 % from 2022 to 2030. Animal feed is essential to the livestock production system. That's because feeding has a direct impact on the productivity, health, and welfare of animals. Sustainable animal feed solutions accelerate growth feed efficiency and improve animal health and the quality of animal products. They are financially advantageous and bring environmental benefits too. The foremost factors driving the growth of the sustainable animal feed market include the growing consumption of meat and animal-based products across different regions, increasing demand for animal protein, population growth, rising changes in diet, innovation of new sustainable products by companies, growing health awareness among consumers regarding the consumption of animal protein, and the availability of digital resource guides for enhancing the overall sustainability of the animal and environment systems. The increased demand for animal proteins encourages companies and organizations involved in the food supply chain to develop safe and quality animal products. It creates the need for resources and information specific to feed sustainability, thereby boosting the growth of the sustainable animal feed market.
However, the high cost of animal feed, limited knowledge of new medical technologies, and various environmental and safety regulations associated with feed sustainability are expected to hinder the market's growth over the forecast years.
The sustainable animal feed market is segmented based on ingredient types, products, livestock, and region. By ingredient types, the market is classified into amino acids, phosphates, vitamins, acidifiers, carotenoids, enzymes, mycotoxin detoxifiers, flavors & sweeteners, antibiotics, minerals, antioxidants, non-protein nitrogen, phytogenics, preservatives, probiotics. The products segment is grouped into algae, insect, and single-cell protein. The algae would be the fastest-growing segment during the forecast period as the algae play an essential role in enriching animal feed with nutrients for the early developmental stages of the livestock. By livestock, the market is divided into poultry, ruminants, swine, aquatic animals, and other livestock (equine and pet food). The poultry segment is expected to dominate the sustainable animal feed market in the coming days due to the rising demand for animal proteins. Regionally, the market is studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
North America is anticipated to hold the highest share of this market during the forecast period due to the growing poultry and beef production, and the increasing number of sustainable animal feed product launches in the region.
Some of the key players operating in the sustainable animal feed market are BioProcess Algae LLC (US), algal scientific (US), Fermentalg (France), MicroBio Engineering (MBE), Inc. (US), Corbion (Netherlands), Sabrtech (Canada), BlueBioTech (Germany), Euglena (Japan), Japan Veramaris (Japan), Global Algae Innovations (US), Culture BioSystems (US), and others.