| Product Code: ETC4595248 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
In the Singapore feed plant-based protein market, the import trend experienced a decline from 2023 to 2024, with a growth rate of -4.24%. The compound annual growth rate (CAGR) for imports in the period 2020-2024 was -2.57%. This negative import momentum could be attributed to shifting consumer preferences towards alternative protein sources or changes in trade policies affecting import dynamics.
Plant-based protein sources are becoming increasingly important in the formulation of animal feed in Singapore. The Singapore feed plant-based protein market provides a variety of protein-rich alternatives derived from plants, such as soybeans and peas, to meet the protein requirements of livestock and poultry. With a growing emphasis on sustainability and the reduction of the environmental footprint of animal agriculture, the market for plant-based protein in animal feed is expanding. Singapore animal agriculture sector is actively adopting these alternatives, making this market a significant contributor to the industry`s evolution.
The feed plant-based protein market in Singapore is growing in response to the increasing demand for sustainable and environmentally friendly protein sources in animal diets. The adoption of alternative protein sources, such as soybean meal, pea protein, and other plant-based ingredients, aligns with global efforts to reduce the environmental impact of animal farming. Concerns about resource scarcity and the need to reduce greenhouse gas emissions are driving the shift towards plant-based protein feeds. Singapore commitment to sustainability and the development of alternative protein sources is a significant driver in this market.
Addressing the challenge of sourcing sustainable and high-quality plant-based protein ingredients is central to the Singapore Feed Plant-Based Protein Market. Meeting the growing demand for vegetarian and vegan feed options while ensuring that the proteins are nutritionally balanced for animals requires careful sourcing and formulation. Additionally, market players must adapt to changing consumer preferences for sustainable and ethical feed ingredients.
The COVID-19 pandemic had notable effects on the Singapore feed plant-based protein market. With increased consumer awareness of health and sustainability, there was a growing interest in plant-based diets and alternative protein sources. The pandemic emphasized the importance of food security, leading to investments in local plant-based protein production. The market saw heightened demand for feed ingredients derived from plant sources, as these ingredients were incorporated into animal diets to meet changing consumer preferences and ensure a more resilient food supply chain.
In the plant-based protein market, global giants such as Bunge, Archer Daniels Midland (ADM), and Cargill are likely to be significant players. Local companies like Yew Chong and Tianjin Hanguo might also participate in this sector.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Feed Plant-based Protein Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Feed Plant-based Protein Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Feed Plant-based Protein Market - Industry Life Cycle |
3.4 Singapore Feed Plant-based Protein Market - Porter's Five Forces |
3.5 Singapore Feed Plant-based Protein Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Singapore Feed Plant-based Protein Market Revenues & Volume Share, By Livestock, 2021 & 2031F |
3.7 Singapore Feed Plant-based Protein Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Singapore Feed Plant-based Protein Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about health and sustainability benefits of plant-based proteins |
4.2.2 Growing demand for alternative protein sources due to environmental concerns |
4.2.3 Government initiatives promoting sustainable food production and consumption |
4.3 Market Restraints |
4.3.1 High production costs and pricing of plant-based proteins compared to conventional animal feed |
4.3.2 Limited availability and consistency of high-quality plant-based protein sources |
4.3.3 Lack of awareness and understanding among traditional livestock farmers about the benefits of plant-based proteins |
5 Singapore Feed Plant-based Protein Market Trends |
6 Singapore Feed Plant-based Protein Market, By Types |
6.1 Singapore Feed Plant-based Protein Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Singapore Feed Plant-based Protein Market Revenues & Volume, By Source, 2021-2031F |
6.1.3 Singapore Feed Plant-based Protein Market Revenues & Volume, By Soy, 2021-2031F |
6.1.4 Singapore Feed Plant-based Protein Market Revenues & Volume, By Wheat, 2021-2031F |
6.1.5 Singapore Feed Plant-based Protein Market Revenues & Volume, By Pea, 2021-2031F |
6.1.6 Singapore Feed Plant-based Protein Market Revenues & Volume, By Sunflower, 2021-2031F |
6.2 Singapore Feed Plant-based Protein Market, By Livestock |
6.2.1 Overview and Analysis |
6.2.2 Singapore Feed Plant-based Protein Market Revenues & Volume, By Pets, 2021-2031F |
6.2.3 Singapore Feed Plant-based Protein Market Revenues & Volume, By Swine, 2021-2031F |
6.2.4 Singapore Feed Plant-based Protein Market Revenues & Volume, By Ruminants, 2021-2031F |
6.2.5 Singapore Feed Plant-based Protein Market Revenues & Volume, By Poultry, 2021-2031F |
6.2.6 Singapore Feed Plant-based Protein Market Revenues & Volume, By Aquatic Animals, 2021-2031F |
6.3 Singapore Feed Plant-based Protein Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Singapore Feed Plant-based Protein Market Revenues & Volume, By Concentrates, 2021-2031F |
6.3.3 Singapore Feed Plant-based Protein Market Revenues & Volume, By Isolates, 2021-2031F |
7 Singapore Feed Plant-based Protein Market Import-Export Trade Statistics |
7.1 Singapore Feed Plant-based Protein Market Export to Major Countries |
7.2 Singapore Feed Plant-based Protein Market Imports from Major Countries |
8 Singapore Feed Plant-based Protein Market Key Performance Indicators |
8.1 Percentage of feed manufacturers incorporating plant-based proteins in their product offerings |
8.2 Adoption rate of sustainable farming practices within the livestock industry |
8.3 Research and development investments in enhancing the quality and availability of plant-based protein sources |
9 Singapore Feed Plant-based Protein Market - Opportunity Assessment |
9.1 Singapore Feed Plant-based Protein Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Singapore Feed Plant-based Protein Market Opportunity Assessment, By Livestock, 2021 & 2031F |
9.3 Singapore Feed Plant-based Protein Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Singapore Feed Plant-based Protein Market - Competitive Landscape |
10.1 Singapore Feed Plant-based Protein Market Revenue Share, By Companies, 2024 |
10.2 Singapore Feed Plant-based Protein Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |