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Microbial Protein Used in Feed Market Outlook

The microbial protein used in feed market is estimated to be valued at US$ 159.0 million in 2023. The sales of microbial protein used in feed are anticipated to progress at a CAGR of 13.5% to surpass US$ 564.1 million by 2033.

The microbial protein used in feed industry is witnessing a surge in demand owing to the need for sustainable feed practices in animal husbandry. The growing population and demand for food products have created a significant strain on limited resources. This has led to the adoption of sustainable and environment-friendly practices in the agriculture and animal husbandry sectors. The microbial protein used for feed market is emerging as a viable alternative to traditional animal feed, which is expected to drive the growth of the industry during the forecast period.

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Limited Awareness and High Cost of Production Remain Key Challenges for Manufacturers in the Industry

Despite the growing popularity and potential benefits of microbial protein used in feed industry, there are several challenges faced by manufacturers and companies in the industry. One of the key challenges is the limited awareness among consumers and farmers about the benefits and usage of microbial protein in animal feed.

The high cost of production and the lack of economies of scale further add to the challenges faced by manufacturers. However, advancements in technology and increasing government support for sustainable agricultural practices are expected to mitigate these challenges during the forecast period.

Investments in Research and Development and Strategic Partnerships Present Lucrative Opportunities for Stakeholders

The microbial protein used in feed industry presents several lucrative investment opportunities for stakeholders in the market. The increasing demand for sustainable and environment-friendly feed practices has led to significant investments in research and development activities. It aimed at improving the quality and cost-effectiveness of microbial protein used in animal feed.

The strategic partnerships and collaborations between manufacturers and industry players are expected to drive innovation and growth in the industry. In addition, the rising demand for organic and natural animal products is expected to further fuel the growth of the microbial protein used in feed industry.

Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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The Emergence of Novel Applications and Increasing Adoption of Bio-based Feedstock

The microbial protein used in feed industry is witnessing several unique trends and developments that are expected to shape the future of the industry. One of the key trends is the emergence of novel applications of microbial protein in the animal feed industry, which includes the production of pet food and aquaculture feed.

There is a growing trend towards the adoption of bio-based feedstock in the production of microbial protein. This is expected to further enhance the sustainability and eco-friendliness of the industry. Overall, the microbial protein used in feed industry is poised for significant growth and development during the forecast period.

Atttributes Details
Microbial Protein Used in Feed Market Estimated Value (2023E) US$ 159.0 million
Microbial Protein Used in Feed Market Projected Value (2033F) US$ 564.1 million
Value CAGR (2023 to 2033) 13.5%

2018 to 2022 Global Microbial Protein Used in Feed Market Outlook Compared to 2023 to 2033 Forecast

Over the past five years, the global microbial protein used in feed market has experienced significant growth due to the increasing demand for animal protein and the need for sustainable protein sources. From 2018 to 2022, the market saw steady growth, with a CAGR of 11%. This growth was driven by the increasing adoption of alternative protein sources in animal feed, particularly in the poultry and aquaculture industries.

Historically, the Asia Pacific region has been the leading microbial protein used for feed market, followed by Europe and North America. This can be attributed to the increasing demand for animal protein, especially in developing countries such as China and India, and the presence of key players in the region. During the forecast period, it is expected that the demand for microbial protein used in feed is likely to continue to grow in these regions, as well as in emerging markets in Latin America and Africa.

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Future Forecast for the Microbial Protein Used in Feed Industry

Looking towards the future, the demand for microbial protein used in feed is expected to experience even greater growth from 2023 to 2033. The market is forecasted to thrive at a CAGR of 13.5% during the forecast period. This can be attributed to the growing awareness of the environmental impact of traditional protein sources. Including, the increasing demand for high-quality animal protein, and the need for sustainable protein sources. Technological advancements and innovations in the production of microbial protein are expected to further boost the growth of the market.

There are also challenges facing the microbial protein used in the feed industry, such as the high production costs and the limited availability of raw materials. This can hinder the growth of the market, particularly in developing countries with limited resources. Additionally, regulations and policies related to the use of alternative protein sources in animal feed can also impact the growth of the market.

Comparative View of the Microbial Protein Used in Feed Market

Microbial Protein Used in Feed Market:

Attributes Microbial Protein Used in Feed Market
CAGR (2023 to 2033) 13.5%
Market Value (2033) US$ 564.1 million
Opportunity Growing demand for sustainable and nutritious animal feed solutions
Key Trends Increasing focus on the development of cost-effective microbial protein production methods

Animal Feed Alternative Protein Market:

Attributes Animal Feed Alternative Protein Market
CAGR (2023 to 2033) 7.5%
Market Value (2033) US$ 8.2 billion
Opportunity Rising awareness about the negative impact of traditional animal feed on the environment and animal health
Key Trends Increase in the adoption of plant-based protein sources as an alternative to traditional animal feed ingredients

Animal Feed Additives Market:

Attributes Animal Feed Additives Market
CAGR (2023 to 2033) 2.70%
Market Value (2033) US$ 22.62 billion
Opportunity Growing demand for feed additives to enhance animal health and productivity
Key Trends Rising use of natural feed additives such as probiotics, prebiotics, and enzymes to improve animal gut health and immunity.

Country-wise Insights

Growing Demand for High-quality Animal Feed and Sustainable Protein Alternatives in the United States

The United States microbial protein used in feed market is expected to hold a 37% share in 2023. The market growth in the United States is driven by factors such as increasing demand for high-quality animal feed, growing concern for animal health, and the need to reduce dependency on traditional protein sources.

The regional market is dominated by a few key players, with increasing investments in research and development to expand their product portfolio. Additionally, stringent regulations on the use of antibiotics in animal feed have led to a higher demand for microbial protein alternatives.

Players in Germany Focuses on Sustainable Animal Feed Solutions and Innovation to Cater Niche Requirements

Germany's microbial protein used in feed industry is expected to hold a notable share of 23% in 2022. In Germany, the adoption of microbial protein used in feed is driven by a growing focus on sustainable animal feed solutions and increasing awareness about the environmental impact of traditional protein sources.

The regional market includes the presence of both established and emerging players, with an emphasis on developing innovative solutions that cater to the niche requirements of livestock farmers. The use of microbial protein in organic animal feed is also gaining momentum in the region.

China to Witness Increasing Demand for Finest Animal Feed to Meet Growing Meat Consumption

The Chinese microbial protein used in feed industry is expected to hold a 29% share in 2022. The sales of microbial protein used in feed in China are driven by increasing demand for high-quality animal feed to cater to the growing meat consumption in the country.

The regional market is filled with established players, with a focus on expanding their product portfolio to cater to the diverse needs of the livestock industry. Moreover, the Chinese government's support for the adoption of sustainable animal feed solutions is expected to drive growth in the market.

Emphasis on Sustainable Agriculture Practices and Innovative Solutions for Specific Requirements in Japan

Japan's microbial protein used in feed industry is expected to hold a respectable share of 11% in 2022. In Japan, the demand for microbial protein used in feed is driven by a growing trend toward sustainable agriculture practices and the need for high-quality animal feed.

The market share is fragmented by a few key players, with a focus on developing innovative solutions that cater to the specific requirements of the Japanese livestock market. Additionally, the Japanese government's emphasis on reducing greenhouse gas emissions from animal agriculture is expected to create significant opportunities for the growth of the microbial protein used in feed industry in the region.

Category-wise Insights

Poultry Segment Takes Center Stage in the Microbial Protein Used in Feed Industry

The increasing demand for high-quality chicken meat and eggs has resulted in the poultry segment dominating the microbial protein used in feed industry by application. The market share of the poultry segment is expected to reach around 49% in 2023. The growing population, rising disposable income, and changing dietary preferences have driven the global demand for poultry products. The use of microbial protein in poultry feed has been proven to enhance bird health and productivity, further driving demand for the segment.

Bacteria Segment Emerges as Dominant Player in the Microbial Protein Used in Feed Industry

The bacteria segment is expected to hold around 61% share in 2023. The wide availability and high nutritional value of bacterial protein have led to the bacteria segment dominating the microbial protein used in feed industry by source. Bacterial protein has proven to be a more sustainable and efficient protein source than traditional sources such as soybean and fishmeal. Advancements in fermentation technology have made it easier to produce huge quantities of bacterial protein at a lower cost, further driving demand for the segment.

Porter's Five Forces Model

  • Threat of new entrants: The microbial protein used in feed industry has a moderate to high threat of new entrants. On the one hand, there are relatively low barriers to entry, with opportunities for new players to enter the market by developing innovative products and leveraging new technologies. Besides, the industry is dominated by a few key players with established distribution networks and significant research and development capabilities, making it challenging for new entrants to gain market share.
  • Bargaining power of suppliers: The bargaining power of suppliers in the microbial protein used in feed industry is relatively low. There are several sources of microbial protein, including bacteria, yeast, and other microorganisms, providing buyers with a variety of options to choose from. Additionally, suppliers may face competition from alternative protein sources such as plant-based protein, further reducing their bargaining power.
  • Bargaining power of buyers: The bargaining power of buyers in the microbial protein used in feed industry is moderate. While buyers have some leverage in negotiating prices with suppliers, the industry is characterized by a few key players with significant market share, limiting the range of choices available to buyers.
  • Threat of substitutes: The microbial protein used in feed industry faces a moderate threat from substitutes. Alternative protein sources such as soybean meal and fishmeal are widely used in animal feed and offer comparable nutritional value. Additionally, the emergence of plant-based protein alternatives may further reduce the demand for microbial protein.
  • The intensity of competitive rivalry: The microbial protein used in feed industry is characterized by highly competitive rivalry. There are several established players in the market, each with a significant market share and competing to expand their product portfolio and gain a competitive advantage. The industry is also subject to evolving consumer trends, making it challenging for players to maintain their position and adapt to changing market demands.

Why Competition is So Hot in the Microbial Protein Used in Feed Market?

The microbial protein used in feed industry is highly competitive, with the presence of several established players such as Novozymes, Evonik Industries AG, and DSM. These key players dominate the market share, with a strong focus on research and development to expand their product portfolios and cater to the diverse needs of the livestock industry.

To stay ahead in the market, key players are adopting innovative strategies such as mergers and acquisitions, collaborations, and partnerships.

  • In 2021, Novozymes announced a partnership with DSM to launch a new microbial protein-based solution for poultry feed.
  • In 2022, Evonik Industries AG acquired a stake in a startup that produces microbial proteins using renewable energy sources.

Despite the growth potential of the microbial protein used in feed industry, key players face several challenges such as high research and development costs, stringent regulations, and limited consumer awareness.

Key Players in the Microbial Protein Used in Feed Industry

  • Archer Daniels Midland Company
  • Cargill, Inc.
  • Novozymes A/S
  • DuPont
  • Lesaffre Group
  • Evonik Industries AG
  • Koninklijke DSM N.V.
  • Chr. Hansen Holding A/S
  • Lallemand Inc.
  • Calysta, Inc.

How can Manufacturers/Service Providers Scale their Businesses in the Market?

Here are 8 ways manufacturers or service providers scale their businesses in the market

  • Focus on research and development to develop innovative and cost-effective microbial protein products.
  • Establish strategic partnerships with key players in the value chain to ensure a steady supply of raw materials and expand market reach.
  • Invest in marketing and promotional activities to increase brand awareness and educate consumers about the benefits of microbial protein in animal feed.
  • Explore new and emerging markets to tap into the growing demand for sustainable animal feed solutions.
  • Develop a robust distribution network to ensure the timely delivery of products and services to customers.
  • Offer customized solutions to cater to the specific needs of different segments of the livestock industry.
  • Implement sustainable and eco-friendly practices in manufacturing and production processes to align with global environmental standards.
  • Leverage technological advancements to improve production efficiency and reduce costs.

What are Some Investment Opportunities Available for New Entrants in the Market?

The microbial protein used in feed industry offers several investment opportunities for new entrants.

  • The increasing demand for high-quality animal feed, coupled with the need to reduce dependency on traditional protein sources.
  • Advancements in fermentation technology and increasing government support for sustainable agriculture practices present opportunities for new entrants to develop innovative solutions and capture market share.

Global Microbial Protein Used in Feed Market by Category

By Application:

  • Poultry
  • Ruminants
  • Aquaculture
  • Others

By Source:

  • Bacteria
  • Yeast
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East and Africa

Frequently Asked Questions

How Big is the Microbial Protein Used in the Feed Market?

The market is valued at US$ 159.0 million in 2023.

Who are the Key Microbial Protein Used in Feed Market Players?

DuPont, Cargill Inc, and Calysta Inc. are key microbial proteins used in feed market players.

Which is the Key Segment by Application Type?

Poultry segment is likely to remain preferred through 2033.

Which is the Go-to-Market Strategy?

Players opt for mergers and acquisitions.

Which are the Key Asian Countries in the Microbial Protein Used in the Feed Market?

India, Japan, and China dominate the Asian market.

Table of Content

1. Executive Summary | Microbial Protein Used in Feed Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Tonnes) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Tonnes) Analysis By Source, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Tonnes) Analysis and Forecast By Source, 2023 to 2033

        5.3.1. Bacteria

        5.3.2. Yeast

        5.3.3. Algae

        5.3.4. Fungi

    5.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Tonnes) Analysis By Application, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Tonnes) Analysis and Forecast By Application, 2023 to 2033

        6.3.1. Poultry

        6.3.2. Ruminants

        6.3.3. Aquaculture

        6.3.4. Others

    6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Million) & Volume (Tonnes) Analysis By Region, 2018 to 2022

    7.3. Current Market Size Value (US$ Million) & Volume (Tonnes) Analysis and Forecast By Region, 2023 to 2033

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Europe

        7.3.4. Asia Pacific

        7.3.5. MEA

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    8.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022

    8.2. Market Size Value (US$ Million) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033

        8.2.1. By Country

            8.2.1.1. USA

            8.2.1.2. Canada

        8.2.2. By Source

        8.2.3. By Application

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Source

        8.3.3. By Application

    8.4. Key Takeaways

9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Source

        9.2.3. By Application

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Source

        9.3.3. By Application

    9.4. Key Takeaways

10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. United kingdom

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Europe

        10.2.2. By Source

        10.2.3. By Application

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Source

        10.3.3. By Application

    10.4. Key Takeaways

11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. China

            11.2.1.2. Japan

            11.2.1.3. South Korea

            11.2.1.4. Singapore

            11.2.1.5. Thailand

            11.2.1.6. Indonesia

            11.2.1.7. Australia

            11.2.1.8. New Zealand

            11.2.1.9. Rest of Asia Pacific

        11.2.2. By Source

        11.2.3. By Application

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Source

        11.3.3. By Application

    11.4. Key Takeaways

12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Tonnes) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Tonnes) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. GCC Countries

            12.2.1.2. South Africa

            12.2.1.3. Israel

            12.2.1.4. Rest of MEA

        12.2.2. By Source

        12.2.3. By Application

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Source

        12.3.3. By Application

    12.4. Key Takeaways

13. Key Countries Market Analysis

    13.1. USA

        13.1.1. Pricing Analysis

        13.1.2. Market Share Analysis, 2022

            13.1.2.1. By Source

            13.1.2.2. By Application

    13.2. Canada

        13.2.1. Pricing Analysis

        13.2.2. Market Share Analysis, 2022

            13.2.2.1. By Source

            13.2.2.2. By Application

    13.3. Brazil

        13.3.1. Pricing Analysis

        13.3.2. Market Share Analysis, 2022

            13.3.2.1. By Source

            13.3.2.2. By Application

    13.4. Mexico

        13.4.1. Pricing Analysis

        13.4.2. Market Share Analysis, 2022

            13.4.2.1. By Source

            13.4.2.2. By Application

    13.5. Germany

        13.5.1. Pricing Analysis

        13.5.2. Market Share Analysis, 2022

            13.5.2.1. By Source

            13.5.2.2. By Application

    13.6. United kingdom

        13.6.1. Pricing Analysis

        13.6.2. Market Share Analysis, 2022

            13.6.2.1. By Source

            13.6.2.2. By Application

    13.7. France

        13.7.1. Pricing Analysis

        13.7.2. Market Share Analysis, 2022

            13.7.2.1. By Source

            13.7.2.2. By Application

    13.8. Spain

        13.8.1. Pricing Analysis

        13.8.2. Market Share Analysis, 2022

            13.8.2.1. By Source

            13.8.2.2. By Application

    13.9. Italy

        13.9.1. Pricing Analysis

        13.9.2. Market Share Analysis, 2022

            13.9.2.1. By Source

            13.9.2.2. By Application

    13.10. China

        13.10.1. Pricing Analysis

        13.10.2. Market Share Analysis, 2022

            13.10.2.1. By Source

            13.10.2.2. By Application

    13.11. Japan

        13.11.1. Pricing Analysis

        13.11.2. Market Share Analysis, 2022

            13.11.2.1. By Source

            13.11.2.2. By Application

    13.12. South Korea

        13.12.1. Pricing Analysis

        13.12.2. Market Share Analysis, 2022

            13.12.2.1. By Source

            13.12.2.2. By Application

    13.13. Singapore

        13.13.1. Pricing Analysis

        13.13.2. Market Share Analysis, 2022

            13.13.2.1. By Source

            13.13.2.2. By Application

    13.14. Thailand

        13.14.1. Pricing Analysis

        13.14.2. Market Share Analysis, 2022

            13.14.2.1. By Source

            13.14.2.2. By Application

    13.15. Indonesia

        13.15.1. Pricing Analysis

        13.15.2. Market Share Analysis, 2022

            13.15.2.1. By Source

            13.15.2.2. By Application

    13.16. Australia

        13.16.1. Pricing Analysis

        13.16.2. Market Share Analysis, 2022

            13.16.2.1. By Source

            13.16.2.2. By Application

    13.17. New Zealand

        13.17.1. Pricing Analysis

        13.17.2. Market Share Analysis, 2022

            13.17.2.1. By Source

            13.17.2.2. By Application

    13.18. GCC Countries

        13.18.1. Pricing Analysis

        13.18.2. Market Share Analysis, 2022

            13.18.2.1. By Source

            13.18.2.2. By Application

    13.19. South Africa

        13.19.1. Pricing Analysis

        13.19.2. Market Share Analysis, 2022

            13.19.2.1. By Source

            13.19.2.2. By Application

    13.20. Israel

        13.20.1. Pricing Analysis

        13.20.2. Market Share Analysis, 2022

            13.20.2.1. By Source

            13.20.2.2. By Application

14. Market Structure Analysis

    14.1. Competition Dashboard

    14.2. Competition Benchmarking

    14.3. Market Share Analysis of Top Players

        14.3.1. By Regional

        14.3.2. By Source

        14.3.3. By Application

15. Competition Analysis

    15.1. Competition Deep Dive

        15.1.1. Calysta, Inc.

            15.1.1.1. Overview

            15.1.1.2. Product Portfolio

            15.1.1.3. Profitability by Market Segments

            15.1.1.4. Sales Footprint

            15.1.1.5. Strategy Overview

                15.1.1.5.1. Marketing Strategy

                15.1.1.5.2. Product Strategy

                15.1.1.5.3. Channel Strategy

        15.1.2. AG CHEMI GROUP

            15.1.2.1. Overview

            15.1.2.2. Product Portfolio

            15.1.2.3. Profitability by Market Segments

            15.1.2.4. Sales Footprint

            15.1.2.5. Strategy Overview

                15.1.2.5.1. Marketing Strategy

                15.1.2.5.2. Product Strategy

                15.1.2.5.3. Channel Strategy

        15.1.3. Lonza Group

            15.1.3.1. Overview

            15.1.3.2. Product Portfolio

            15.1.3.3. Profitability by Market Segments

            15.1.3.4. Sales Footprint

            15.1.3.5. Strategy Overview

                15.1.3.5.1. Marketing Strategy

                15.1.3.5.2. Product Strategy

                15.1.3.5.3. Channel Strategy

        15.1.4. IPK Gatersleben

            15.1.4.1. Overview

            15.1.4.2. Product Portfolio

            15.1.4.3. Profitability by Market Segments

            15.1.4.4. Sales Footprint

            15.1.4.5. Strategy Overview

                15.1.4.5.1. Marketing Strategy

                15.1.4.5.2. Product Strategy

                15.1.4.5.3. Channel Strategy

        15.1.5. BIOMIN Holding GmbH

            15.1.5.1. Overview

            15.1.5.2. Product Portfolio

            15.1.5.3. Profitability by Market Segments

            15.1.5.4. Sales Footprint

            15.1.5.5. Strategy Overview

                15.1.5.5.1. Marketing Strategy

                15.1.5.5.2. Product Strategy

                15.1.5.5.3. Channel Strategy

        15.1.6. Amaferm

            15.1.6.1. Overview

            15.1.6.2. Product Portfolio

            15.1.6.3. Profitability by Market Segments

            15.1.6.4. Sales Footprint

            15.1.6.5. Strategy Overview

                15.1.6.5.1. Marketing Strategy

                15.1.6.5.2. Product Strategy

                15.1.6.5.3. Channel Strategy

        15.1.7. Devenish Nutrition Limited

            15.1.7.1. Overview

            15.1.7.2. Product Portfolio

            15.1.7.3. Profitability by Market Segments

            15.1.7.4. Sales Footprint

            15.1.7.5. Strategy Overview

                15.1.7.5.1. Marketing Strategy

                15.1.7.5.2. Product Strategy

                15.1.7.5.3. Channel Strategy

        15.1.8. Nutreco N.V.

            15.1.8.1. Overview

            15.1.8.2. Product Portfolio

            15.1.8.3. Profitability by Market Segments

            15.1.8.4. Sales Footprint

            15.1.8.5. Strategy Overview

                15.1.8.5.1. Marketing Strategy

                15.1.8.5.2. Product Strategy

                15.1.8.5.3. Channel Strategy

        15.1.9. Alltech Inc.

            15.1.9.1. Overview

            15.1.9.2. Product Portfolio

            15.1.9.3. Profitability by Market Segments

            15.1.9.4. Sales Footprint

            15.1.9.5. Strategy Overview

                15.1.9.5.1. Marketing Strategy

                15.1.9.5.2. Product Strategy

                15.1.9.5.3. Channel Strategy

        15.1.10. Quality Liquid Feeds

            15.1.10.1. Overview

            15.1.10.2. Product Portfolio

            15.1.10.3. Profitability by Market Segments

            15.1.10.4. Sales Footprint

            15.1.10.5. Strategy Overview

                15.1.10.5.1. Marketing Strategy

                15.1.10.5.2. Product Strategy

                15.1.10.5.3. Channel Strategy

16. Assumptions & Acronyms Used

17. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Volume (Tonnes) Forecast by Region, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Source, 2018 to 2033

Table 4: Global Market Volume (Tonnes) Forecast by Source, 2018 to 2033

Table 5: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 6: Global Market Volume (Tonnes) Forecast by Application, 2018 to 2033

Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 8: North America Market Volume (Tonnes) Forecast by Country, 2018 to 2033

Table 9: North America Market Value (US$ Million) Forecast by Source, 2018 to 2033

Table 10: North America Market Volume (Tonnes) Forecast by Source, 2018 to 2033

Table 11: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 12: North America Market Volume (Tonnes) Forecast by Application, 2018 to 2033

Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 14: Latin America Market Volume (Tonnes) Forecast by Country, 2018 to 2033

Table 15: Latin America Market Value (US$ Million) Forecast by Source, 2018 to 2033

Table 16: Latin America Market Volume (Tonnes) Forecast by Source, 2018 to 2033

Table 17: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 18: Latin America Market Volume (Tonnes) Forecast by Application, 2018 to 2033

Table 19: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 20: Europe Market Volume (Tonnes) Forecast by Country, 2018 to 2033

Table 21: Europe Market Value (US$ Million) Forecast by Source, 2018 to 2033

Table 22: Europe Market Volume (Tonnes) Forecast by Source, 2018 to 2033

Table 23: Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 24: Europe Market Volume (Tonnes) Forecast by Application, 2018 to 2033

Table 25: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 26: Asia Pacific Market Volume (Tonnes) Forecast by Country, 2018 to 2033

Table 27: Asia Pacific Market Value (US$ Million) Forecast by Source, 2018 to 2033

Table 28: Asia Pacific Market Volume (Tonnes) Forecast by Source, 2018 to 2033

Table 29: Asia Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 30: Asia Pacific Market Volume (Tonnes) Forecast by Application, 2018 to 2033

Table 31: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 32: MEA Market Volume (Tonnes) Forecast by Country, 2018 to 2033

Table 33: MEA Market Value (US$ Million) Forecast by Source, 2018 to 2033

Table 34: MEA Market Volume (Tonnes) Forecast by Source, 2018 to 2033

Table 35: MEA Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 36: MEA Market Volume (Tonnes) Forecast by Application, 2018 to 2033

List of Charts

Figure 1: Global Market Value (US$ Million) by Source, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by Application, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 5: Global Market Volume (Tonnes) Analysis by Region, 2018 to 2033

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 8: Global Market Value (US$ Million) Analysis by Source, 2018 to 2033

Figure 9: Global Market Volume (Tonnes) Analysis by Source, 2018 to 2033

Figure 10: Global Market Value Share (%) and BPS Analysis by Source, 2023 to 2033

Figure 11: Global Market Y-o-Y Growth (%) Projections by Source, 2023 to 2033

Figure 12: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 13: Global Market Volume (Tonnes) Analysis by Application, 2018 to 2033

Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 16: Global Market Attractiveness by Source, 2023 to 2033

Figure 17: Global Market Attractiveness by Application, 2023 to 2033

Figure 18: Global Market Attractiveness by Region, 2023 to 2033

Figure 19: North America Market Value (US$ Million) by Source, 2023 to 2033

Figure 20: North America Market Value (US$ Million) by Application, 2023 to 2033

Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 23: North America Market Volume (Tonnes) Analysis by Country, 2018 to 2033

Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 26: North America Market Value (US$ Million) Analysis by Source, 2018 to 2033

Figure 27: North America Market Volume (Tonnes) Analysis by Source, 2018 to 2033

Figure 28: North America Market Value Share (%) and BPS Analysis by Source, 2023 to 2033

Figure 29: North America Market Y-o-Y Growth (%) Projections by Source, 2023 to 2033

Figure 30: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 31: North America Market Volume (Tonnes) Analysis by Application, 2018 to 2033

Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 34: North America Market Attractiveness by Source, 2023 to 2033

Figure 35: North America Market Attractiveness by Application, 2023 to 2033

Figure 36: North America Market Attractiveness by Country, 2023 to 2033

Figure 37: Latin America Market Value (US$ Million) by Source, 2023 to 2033

Figure 38: Latin America Market Value (US$ Million) by Application, 2023 to 2033

Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 41: Latin America Market Volume (Tonnes) Analysis by Country, 2018 to 2033

Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 44: Latin America Market Value (US$ Million) Analysis by Source, 2018 to 2033

Figure 45: Latin America Market Volume (Tonnes) Analysis by Source, 2018 to 2033

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Source, 2023 to 2033

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Source, 2023 to 2033

Figure 48: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 49: Latin America Market Volume (Tonnes) Analysis by Application, 2018 to 2033

Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 52: Latin America Market Attractiveness by Source, 2023 to 2033

Figure 53: Latin America Market Attractiveness by Application, 2023 to 2033

Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 55: Europe Market Value (US$ Million) by Source, 2023 to 2033

Figure 56: Europe Market Value (US$ Million) by Application, 2023 to 2033

Figure 57: Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 59: Europe Market Volume (Tonnes) Analysis by Country, 2018 to 2033

Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 62: Europe Market Value (US$ Million) Analysis by Source, 2018 to 2033

Figure 63: Europe Market Volume (Tonnes) Analysis by Source, 2018 to 2033

Figure 64: Europe Market Value Share (%) and BPS Analysis by Source, 2023 to 2033

Figure 65: Europe Market Y-o-Y Growth (%) Projections by Source, 2023 to 2033

Figure 66: Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 67: Europe Market Volume (Tonnes) Analysis by Application, 2018 to 2033

Figure 68: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 69: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 70: Europe Market Attractiveness by Source, 2023 to 2033

Figure 71: Europe Market Attractiveness by Application, 2023 to 2033

Figure 72: Europe Market Attractiveness by Country, 2023 to 2033

Figure 73: Asia Pacific Market Value (US$ Million) by Source, 2023 to 2033

Figure 74: Asia Pacific Market Value (US$ Million) by Application, 2023 to 2033

Figure 75: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033

Figure 76: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 77: Asia Pacific Market Volume (Tonnes) Analysis by Country, 2018 to 2033

Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 80: Asia Pacific Market Value (US$ Million) Analysis by Source, 2018 to 2033

Figure 81: Asia Pacific Market Volume (Tonnes) Analysis by Source, 2018 to 2033

Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Source, 2023 to 2033

Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Source, 2023 to 2033

Figure 84: Asia Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 85: Asia Pacific Market Volume (Tonnes) Analysis by Application, 2018 to 2033

Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 88: Asia Pacific Market Attractiveness by Source, 2023 to 2033

Figure 89: Asia Pacific Market Attractiveness by Application, 2023 to 2033

Figure 90: Asia Pacific Market Attractiveness by Country, 2023 to 2033

Figure 91: MEA Market Value (US$ Million) by Source, 2023 to 2033

Figure 92: MEA Market Value (US$ Million) by Application, 2023 to 2033

Figure 93: MEA Market Value (US$ Million) by Country, 2023 to 2033

Figure 94: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 95: MEA Market Volume (Tonnes) Analysis by Country, 2018 to 2033

Figure 96: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 97: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 98: MEA Market Value (US$ Million) Analysis by Source, 2018 to 2033

Figure 99: MEA Market Volume (Tonnes) Analysis by Source, 2018 to 2033

Figure 100: MEA Market Value Share (%) and BPS Analysis by Source, 2023 to 2033

Figure 101: MEA Market Y-o-Y Growth (%) Projections by Source, 2023 to 2033

Figure 102: MEA Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 103: MEA Market Volume (Tonnes) Analysis by Application, 2018 to 2033

Figure 104: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 105: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 106: MEA Market Attractiveness by Source, 2023 to 2033

Figure 107: MEA Market Attractiveness by Application, 2023 to 2033

Figure 108: MEA Market Attractiveness by Country, 2023 to 2033

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