The Global Feed Plant Based Protein Market is expected to grow at a compound annual growth rate of 9.45% in the forecast period of 2021 to 2028 and will reach USD 3.6 billion by 2028. The rise in need for plant-based pet food because of the increase in the alertness amongst the pet owners, advanced animal husbandry methods to advance meat quality enhances the need for nutritious plant-based protein are some of the major as well as vital factors driving the growth of feed plant based protein market.
Likewise, the factors such as technical developments and advancements in the plant-based protein for feed, the emphasis on the cannabis and aquatic plants as new and developing plant-based protein sources are projected to extend profitable opportunities for the growth of the feed plant based protein market.
According to Data Bridge Market Research the market for feed plant based protein is expected to gain growth due to the high demand for better yield crops and rising demand of sustainable crop protection products. On the other hand, the severe governing outline confines international trade, opportunities of nutritional and vitamins deficiency amongst pets will likely to act as market restraints, whereas the issues over quality of feed due to gm adulteration and high initial savings costs included for small and medium enterprises pose as a major challenge in the aforementioned forecast period.
Now the question is which the other regions are that feed plant based protein market is targeting? Data Bridge Market Research has estimated Asia-Pacific is expected to witness significant and lucrative growth due to the rising food need, the increasing government’s venture in food research and development sector and the acceptance of developing technologies for product innovation.
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Feed plant based protein market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of feed plant based protein companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-feed-plant-based-protein-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Feed Plant Based Protein Market – Industry Trends and Forecast to 2028