Asia-Pacific Feed Fats and Proteins Market has been estimated at USD 2.10 billion in 2021 and is projected to reach USD 3.01 billion by 2026, at a CAGR of 4.92% during the forecast period from 2022 - 2027.
The Feed Fats & Proteins market is showing enormous potential in the given forecast period. The market has continued to build momentum with the increase in demand for feed fats & protein as feed ingredients to minimize the production losses of high quality eggs, meat and other bio products. Thus, animal farmers and breeders have increased their production to tackle the demands and thus many companies have been investing in Feed Fats & Proteins Market.
Feed Fats & Proteins assist in optimizing the nutritional level in feed, ensuring procurement of higher nutrition from lesser amount of feed and hence making the production of livestock cost-effective. The rapid urbanization and increase in middle class income has led to an increase in demand for fats & proteins in the feed market.
Drivers and Restraints of Asia-Pacific Feed Fats and Proteins Market:
The significant rise in demand for animal meat has resulted in the market to show high potential in recent years. Other key factors responsible in driving the feed fats & proteins market include, cost mitigation of livestock production, industrialization of animal husbandry, increasing demand for milk and milk products. The market also faces some challenges and restraints. Some of the major ones are environmental concerns regarding use of feed fats & proteins and outbreak of disease in livestock. These factors have been holding back the market from showing its complete potential.
Asia-Pacific Feed Fats & Proteins Market - By Source:
Meat & Bone Meal
Asia-Pacific Feed Fats & Proteins Market - By Livestock:
On the basis of geography, the Asia-Pacific market is analysed under various regions namely
Some of the major companies dominating the market, by their products and services include Archer Daniels Midland Company (ADM), Lansing Trade Group LLC., Darling International Inc, Omega Protein Corporation, the Scoular Company, Roquette Freres, Bunge Ltd., Aarhuskarlshamn AB (AAK), Euroduna Rohstoffe Gmbh, Agrana Beteiligungs-AG (Agrana).
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