Global Feed Protein Ingredients Market Could Reach $220 Billion by 2026
China Xiangtai Food Co., Ltd. - Ordinary Shares (PLIN)
Company Research
Source: PR Newswire
PALM BEACH, Florida, April 3, 2020 /PRNewswire/ -- The feed protein ingredients market size is set to surpass USD $220 Billion by 2026, according to a new research report by Global Market Insights, Inc. The report said that "increased production of meat and aquatic based products coupled with R&D activities in meat processing industry has resulted in expanding high-quality meat demand. This will have a positive impact on animal feed protein ingredients industry growth. Consumer inclination towards high protein diets to meet their nutritional needs will further propel product demand." As per the market forecast, increase in livestock demand including cattle, swine, poultry, equine and aquaculture owing to rising consumption of animal derived products including milk, meat and eggs will promote the market outlook. The report also said that the rising product demand for cattle feed application will accelerate the industry demand. Protein is an essential nutrient in diets of ruminants sinc
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