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Report
North America Microbial Protein for Feed Market Forecast to 2028 -Regional Analysis by Source (Bacteria, Yeast, and Others) and Application (Poultry, Ruminants, Aquaculture, and Others)
Market Report I 2023-05-19 I 99 Pages I The Insight Partners
The North America microbial protein for feed market is expected to grow from US$ 37.67 million in 2022 to US$ 80.02 million by 2028. It is estimated to grow at a CAGR of 13.4% from 2022 to 2028.
Rising Demand for Sustainable Feed Protein Drive North America Microbial Protein for Feed Market
feed the growing population, food production must also increase to match the rising demand; failing to do so can lead to people starving. Moreover, as the lifestyle of people is improving and the protein demand is increasing, meat consumption is also expected to increase sharply. This factor will increase the requirement for protein-rich animal feed to feed the livestock. According to the current estimates by Food and Agriculture Organization (FAO) and the United Nations, 80% of the world's agricultural land is used for growing ingredients for animal feed and grazing livestock animals. According to the International Institute for Sustainable Development (IISD), 85% of the world's soybean production is for animal feed to fulfill the protein requirement of livestock animals, which puts a lot of pressure on land, water, and other natural resources. The production of soy protein is a significant contributor to deforestation, loss of biodiversity, and pollution. According to industry experts, nearly 70% of the world's freshwater is used for cultivating crops to feed livestock animals. On the other hand, fish meal, an excellent animal-feed protein source, is also putting tremendous pressure on the ocean ecosystem. The livestock industry, especially aquaculture, relies heavily on wild-caught fish to produce fish meal, leading to the overexploitation of global fish stocks. Thus, there is an urgent need for sustainable protein sources for the animal feed industry to minimize the environmental footprint and meet the rising demand. Microbial protein is one of the excellent alternatives to conventional sources of proteins such as soybean and fish meal. It is produced using cost-effective substrates such as industrial gases (carbon dioxide, methane, and natural gas), wastewater, and poultry waste (feathers) fermented in a reactor using bacteria, yeast, fungi, or microalgae. According to the feed industry journal "WattAgNet," if 13% of the protein in animal feed is replaced with microbial protein, worldwide cropland usage will be reduced by 6%, and agricultural greenhouse gas (GHG) emissions will be reduced by 7%. Moreover, by 2050, the researchers expect that microbial protein will replace 10-19% of the demand for conventional crop-based feed protein.
There is already intense pressure on livestock farmers to reduce their environmental footprint. In contrast, rising arable land prices and feed production costs drive the demand for sustainable feed protein. This factor boosts the growth of the microbial protein for feed market.
North America Microbial Protein for Feed Market Overview
North America is one of the significant markets for compound feed in the globe with the US market being the major contributor to the market growth of compound feed. The animal feed manufacturing industry in the US largely relies on the country's free-trade agreement with Canada and Mexico. In addition, the expanding livestock industry in North America favors the animal feed market progress in the region. Currently, the demand for poultry feed is high in North America, while pig feed and aqua feed are gaining popularity in the overall animal feed market in the region. According to the American Feed Industry Association, there are more than 5,800 animal feed manufacturing facilities in the US, producing more than 284 million tons of finished feed and pet food each year. According to data from the US Department of Agriculture (USDA), livestock and poultry account for over half of agricultural cash receipts in the US, often exceeding US$ 100 billion annually. Cattle production is the most important industry in the country; thus, with the growing livestock industry and animal feed production, demand for new innovative feed additives is also increasing. Microbial protein is one of the sustainable protein sources in animal feed. The North America microbial protein for feed market is growing significantly in North America. Key market players in North America are adopting strategic initiatives such as product launches, acquisitions, and partnerships to sustain themselves in the growing market. In 2019, BP Ventures invested US$ 30 million in Calysta, Inc., a California-based start-up producing alternative proteins. With this investment, BP intends to use its natural gas to produce protein for fish, livestock, and pet feeds. The company is working on supporting its strategy of creating new markets in which natural gas can play a material role in delivering a more sustainable future by establishing a strategic relationship with Calysta Inc. Calysta is a world leader in cellular agriculture, creating protein without limits via a patented fermentation platform that uses no arable land, and plant or animal products. Such initiatives from manufacturers are contributing to the augmentation of the North America microbial protein for feed market in North American countries.
North America Microbial Protein for Feed Market Revenue and Forecast to 2028 (US$ Million)
North America Microbial Protein for Feed Market Segmentation
The North America microbial protein for feed market is segmented into source, application, and country.
Based on source, the North America microbial protein for feed market is segmented into bacteria, yeast, and others. In 2022, the bacteria segment registered a largest share in the North America microbial protein for feed market.
Based on application, the North America microbial protein for feed market is segmented into poultry, ruminants, aquaculture, and others. In 2022, the aquaculture segment registered a largest share in the North America microbial protein for feed market.
Based on country, the North America microbial protein for feed market is segmented into the US, Canada, and Mexico. In 2022, the US segment registered a largest share in the North America microbial protein for feed market.
Alltech; Arbiom; CALYSTA INC.; ICC; and KnipBio are the leading companies operating in the North America microbial protein for feed market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Microbial Protein for Feed Market, by Source
1.3.2 North America Microbial Protein for Feed Market, by Application
1.3.3 North America Microbial Protein for Feed Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
3.2.8 Limitations and Assumptions:
4. North America Microbial Protein for Feed Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Substrates
4.3.2 Production Process
4.3.3 Animal Feed Manufacturers
4.4 Expert Opinion
5. North America Microbial Protein for Feed Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Sustainable Feed Protein
5.1.2 Nutritional Benefits of Microbial Protein over Conventional Feed Protein Sources
5.1 Market Restraints
5.1.1 Lack of Awareness and Scale-Up Challenges
5.2 Market Opportunities
5.2.1 Strategic Market Initiatives by Key Players
5.3 Future Trends
5.3.1 Government and Private Sector Investments
5.4 Impact Analysis of Drivers and Restraints
6. Microbial Protein for Feed - North America Market Analysis
6.1 North America Microbial Protein for Feed Market -Volume and Forecast to 2028 (Tonnes)
6.2 North America Microbial Protein for Feed Market -Revenue and Forecast to 2028 (US$ Thousand)
7. North America Microbial Protein for Feed Market Analysis - By Source
7.1 Overview
7.2 North America Microbial Protein for Feed Market, By Source (2021 and 2028)
7.3 Bacteria
7.3.1 Overview
7.3.2 Bacteria: North America Microbial Protein for Feed Market - Volume and Forecast to 2028 (Tonnes)
7.3.3 Bacteria: North America Microbial Protein for Feed Market - Revenue and Forecast to 2028 (US$ Thousand)
7.4 Yeast
7.4.1 Overview
7.4.2 Yeast: North America Microbial Protein for Feed Market - Volume and Forecast to 2028 (Tonnes)
7.4.3 Yeast: North America Microbial Protein for Feed Market - Revenue and Forecast to 2028 (US$ Thousand)
7.5 Others
7.5.1 Overview
7.5.2 Others: North America Microbial Protein for Feed Market - Volume and Forecast to 2028 (Tonnes)
7.5.3 Others: North America Microbial Protein for Feed Market - Revenue and Forecast to 2028 (US$ Thousand)
8. North America Microbial Protein for Feed Market Analysis - By Application
8.1 Overview
8.2 North America Microbial Protein for Feed Market, By Application (2021 and 2028)
8.3 Poultry
8.3.1 Overview
8.3.2 Poultry: North America Microbial Protein for Feed Market - Volume and Forecast to 2028 (Tonnes)
8.3.3 Poultry: North America Microbial Protein for Feed Market - Revenue and Forecast to 2028 (US$ Thousand)
8.4 Ruminants
8.4.1 Overview
8.4.2 Ruminants: North America Microbial Protein for Feed Market - Volume and Forecast to 2028 (Tonnes)
8.4.3 Ruminants: North America Microbial Protein for Feed Market - Revenue and Forecast to 2028 (US$ Thousand)
8.5 Aquaculture
8.5.1 Overview
8.5.2 Aquaculture: North America Microbial Protein for Feed Market - Volume and Forecast to 2028 (Tonnes)
8.5.3 Aquaculture: North America Microbial Protein for Feed Market - Revenue and Forecast to 2028 (US$ Thousand)
8.6 Others
8.6.1 Overview
8.6.2 Others: North America Microbial Protein for Feed Market - Volume and Forecast to 2028 (Tonnes)
8.6.3 Others: North America Microbial Protein for Feed Market - Revenue and Forecast to 2028 (US$ Thousand)
9. North America Microbial Protein for Feed Market - Country Analysis
9.1 Overview
9.1.1 North America: Microbial Protein for Feed Market, by Key Country
9.1.1.1 US: Microbial Protein for Feed Market -Volume and Forecast to 2028 (Tonnes)
9.1.1.2 US: Microbial Protein for Feed Market -Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.2.1 US: Microbial Protein for Feed Market, by Source
9.1.1.2.2 US: Microbial Protein for Feed Market, by Source
9.1.1.2.3 US: Microbial Protein for Feed Market, by Application
9.1.1.2.4 US: Microbial Protein for Feed Market, by Application
9.1.1.3 Canada: Microbial Protein for Feed Market-Volume and Forecast to 2028 (Tonnes)
9.1.1.4 Canada: Microbial Protein for Feed Market-Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.4.1 Canada: Microbial Protein for Feed Market, by Source
9.1.1.4.2 Canada: Microbial Protein for Feed Market, by Source
9.1.1.4.3 Canada: Microbial Protein for Feed Market, by Application
9.1.1.4.4 Canada: Microbial Protein for Feed Market, by Application
9.1.1.5 Mexico: Microbial Protein for Feed Market-Volume and Forecast to 2028 (Tonnes)
9.1.1.6 Mexico: Microbial Protein for Feed Market-Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.6.1 Mexico: Microbial Protein for Feed Market, by Source
9.1.1.6.2 Mexico: Microbial Protein for Feed Market, by Source
9.1.1.6.3 Mexico: Microbial Protein for Feed Market, by Application
9.1.1.6.4 Mexico: Microbial Protein for Feed Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Partnership
10.3 Expansion
11. Company Profiles
11.1 CALYSTA INC.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Arbiom
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 KnipBio
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 ICC
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Alltech
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Microbial Protein for Feed Market -Volume and Forecast to 2028 (Tonnes)
Table 2. North America Microbial Protein for Feed Market -Revenue and Forecast to 2028 (US$ Thousand)
Table 3. US Microbial Protein for Feed Market, by Source - Volume and Forecast to 2028 (Tonnes)
Table 4. US Microbial Protein for Feed Market, by Source - Revenue and Forecast to 2028 (US$ Thousand)
Table 5. US Microbial Protein for Feed Market, by Application - Volume and Forecast to 2028 (Tonnes)
Table 6. US Microbial Protein for Feed Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 7. Canada: Microbial Protein for Feed Market, by Source - Volume and Forecast to 2028 (Tonnes)
Table 8. Canada: Microbial Protein for Feed Market, by Source - Revenue and Forecast to 2028 (US$ Thousand)
Table 9. Canada Microbial Protein for Feed Market, by Application - Volume and Forecast to 2028 (Tonnes)
Table 10. Canada Microbial Protein for Feed Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 11. Mexico Microbial Protein for Feed Market, by Source - Volume and Forecast to 2028 (Tonnes)
Table 12. Mexico Microbial Protein for Feed Market, by Source - Revenue and Forecast to 2028 (US$ Thousand)
Table 13. Mexico Microbial Protein for Feed Market, by Application - Volume and Forecast to 2028 (Tonnes)
Table 14. Mexico Microbial Protein for Feed Market, by Application - Revenue and Forecast to 2028 (US$ Thousand)
Table 15. Glossary of Terms, North America Microbial Protein for Feed Market
LIST OF FIGURES
Figure 1. North America Microbial Protein for Feed Market Segmentation
Figure 2. North America Microbial Protein for Feed Market Segmentation: By Country
Figure 3. North America Microbial Protein for Feed Market Overview
Figure 4. North America Microbial Protein for Feed Market, By Source
Figure 5. North America Microbial Protein for Feed Market, by Country
Figure 6. Porter's Five Forces Analysis: North America Microbial Protein for Feed Market
Figure 7. Ecosystem Analysis: North America Microbial Protein for Feed Market
Figure 8. Expert Opinion
Figure 9. North America Microbial Protein for Feed Market Impact Analysis of Drivers and Restraints
Figure 10. North America Microbial Protein for Feed Market - Volume and Forecast to 2028 (Tonnes)
Figure 11. North America Microbial Protein for Feed Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 12. North America Microbial Protein for Feed Market Revenue Share, By Source (2021 and 2028)
Figure 13. Bacteria: North America Microbial Protein for Feed Market - Volume and Forecast To 2028 (Tonnes)
Figure 14. Bacteria: North America Microbial Protein for Feed Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 15. Yeast: Microbial Protein for Feed Market - Volume and Forecast To 2028 (Tonnes)
Figure 16. Yeast: North America Microbial Protein for Feed Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 17. Others: North America Microbial Protein for Feed Market - Volume and Forecast To 2028 (Tonnes)
Figure 18. Others: North America Microbial Protein for Feed Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 19. North America Microbial Protein for Feed Market Revenue Share, By Application (2021 and 2028)
Figure 20. Poultry: North America Microbial Protein for Feed Market - Volume and Forecast To 2028 (Tonnes)
Figure 21. Poultry: North America Microbial Protein for Feed Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 22. Ruminants: North America Microbial Protein for Feed Market - Volume and Forecast To 2028 (Tonnes)
Figure 23. Ruminants: North America Microbial Protein for Feed Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 24. Aquaculture: Microbial Protein for Feed Market - Volume and Forecast To 2028 (Tonnes)
Figure 25. Aquaculture: North America Microbial Protein for Feed Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 26. Others: North America Microbial Protein for Feed Market - Volume and Forecast To 2028 (Tonnes)
Figure 27. Others: North America Microbial Protein for Feed Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 28. North America: Microbial Protein for Feed Market, by Key Country - Revenue (2021) (US$ Million)
Figure 29. North America: Microbial Protein for Feed Market Revenue Share, by Key Country (2021 and 2028)
Figure 30. US: Microbial Protein for Feed Market -Volume and Forecast to 2028 (Tonnes)
Figure 31. US: Microbial Protein for Feed Market -Revenue and Forecast to 2028 (US$ Thousand)
Figure 32. Canada: Microbial Protein for Feed Market-Volume and Forecast to 2028 (Tonnes)
Figure 33. Canada: Microbial Protein for Feed Market-Revenue and Forecast to 2028 (US$ Thousand)
Figure 34. Mexico: Microbial Protein for Feed Market-Volume and Forecast to 2028 (Tonnes)
Figure 35. Mexico: Microbial Protein for Feed Market-Revenue and Forecast to 2028 (US$ Thousand)
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