
As the need for alternative proteins increases across the board, pet food will be among those segments looking for options. | (ARISA THEPBANCHORNCHAI | iStock.com)
Global demand for animal feed proteins will continue to rise in the years ahead. By one estimate, the increase will be 7.3% annually from 2020 through 2026 (Global Market Insights, 2020). Much of that will be from increasing livestock and aquaculture production which are in direct competition with pet food production.