Animal Feed Market: Rising Demand for Alternative Proteins 2032
Introduction The global market for alternative proteins in animal feed is undergoing a significant transformation due to the growing demand for sustainable and eco-friendly feed solutions. Concerns regarding conventional protein sources such as fishmeal and soybean meal, including environmental degradation and fluctuating costs, are driving the adoption of alternative protein sources in livestock, aquaculture, and pet food industries. Industry projections indicate that the market is expected to expand from USD 59,870 million in 2023 to around USD 147,900 million by 2031, reflecting a compound annual growth rate (CAGR) of 14.4%. This growth is propelled by advancements in alternative protein technologies, government initiatives promoting sustainable agriculture, and consumer preferences shifting towards environmentally responsible food sources. Request Sample Report PDF (including TOC, Graphs & Tables): www.statsandresearch.com/request-sample/40544-global-alternative-proteins-in-...