The Europe Feed Fats & Proteins market size is expected to reach USD 1.20 billion in 2024 and reach USD 1.58 billion by 2029, growing at a CAGR of 5.77% from 2024 to 2029.
The feed fats & proteins market is expected to show immense potential in the forecast period. The market continues to gain momentum with the increase in demand for feed fats & protein as feed ingredients in order to minimize the loss in the production of high-quality eggs, meat, and other bioproducts. Thus, animal breeders as well as farmers have increased their production so as to meet the demands, and thus, various companies have taken an interest in the feed fats & proteins market.
Feed fats & proteins help in maintaining the nutritional level of a feed, thus ensuring procurement of maximum nutrition from lesser feed amount and making livestock production cost-effective. The rise in middle class income and rapid urbanization has led to an increase in demand for fats & proteins in the agricultural market.
The growth in demand for animal meat has resulted in the market exhibiting huge potential in recent years. Other major factors driving the market for feed fats & proteins are the cost-increasing demand for milk and milk products, mitigation of livestock production, and industrialization of animal husbandry. The market also faces some challenges and restraints. Some of the major ones include outbreaks of livestock disease and environmental concerns related to the use of feed fats and proteins. These factors have been holding down the market from climbing up to its complete potential.
Some of the major companies dominating the market, by their products and services include Archer Daniels Midland Company (ADM), the Scoular Company, Darling International Inc, Roquette Freres, Omega Protein Corporation, Aarhuskarlshamn AB (AAK), Euroduna Rohstoffe Gmbh, Bunge Ltd., Agrana Beteiligungs-AG (Agrana), Lansing Trade Group LLC.
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