At 13.8% CAGR, the Europe Microbial Protein for Feed Market is projected to be worth US$ 105.72 million by 2028, says Business Market Insights

According to Business Market Insights research, the Europe microbial protein for feed market was valued at US$ 48.59 million in 2022 and is expected to reach US$ 105.72 million by 2028, registering a CAGR of 13.8% from 2022 to 2028. Rising demand for sustainable feed protein and private sector investments are the critical factors attributed to the Europe microbial protein for feed market expansion. 

To 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. 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 Europe microbial protein for feed market.  

On the contrary, lack of awareness and scale-up challenges hurdles the growth of Europe microbial protein for feed market.

Based on source, the Europe microbial protein for feed market is segmented into bacteria, yeast, and others. The bacteria segment held 73.0% share of Europe microbial protein for feed market in 2022, amassing US$ 35.49 million. It is projected to garner US$ 78.34 million by 2028 to expand at 14.1% CAGR during 2022–2028.

Based on application, the Europe microbial protein for feed market is segmented into poultry, ruminants, aquaculture, and others. The aquaculture segment held 39.5% share of Europe microbial protein for feed market in 2022, amassing US$ 19.18 million. It is projected to garner US$ 41.96 million by 2028 to expand at 13.9% CAGR during 2022–2028.

Based on country, the Europe microbial protein for feed market is segmented into Germany, France, the UK, Italy, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 38.9% share of Europe microbial protein for feed market in 2022. It was assessed at US$ 18.89 million in 2022 and is likely to hit US$ 39.81 million by 2028, exhibiting a CAGR of 13.2% during the forecast period.  

Key players profiles in the Europe microbial protein for feed market report Alltech; Arbiom; Avecom; CALYSTA INC.; and ICC, among others.

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