Feed Fats And Proteins Market

Feed Fats and Proteins Market Size, Growth, Trends and Forecast:

Feed Fats and Proteins Market was worth USD 6.89 billion in 2021 and estimated to be growing at a CAGR of 5.3%, to reach USD 8.33 billion by 2026.

The Feed Fats & Proteins market is showing immense potential in the mentioned forecast period. The market continues to build momentum with the rise in demand for feed fats & protein as feed ingredients to minimize the loss in the production of high-quality meat, eggs, and other bioproducts. Thus, animal farmers, as well as breeders, have increased their production to meet the demands and thus various companies are investing in Feed Fats & Proteins Market.

Feed Fats & Proteins help in optimizing the nutritional level of a feed, ensuring the procurement of maximum nutrition from a lesser amount of feed and hence making the livestock production cost-effective. The increase in middle-class income and rapid urbanization has resulted in an increase in demand for fats & proteins in the feed market.

Drivers and Restraints of Feed Fats and Proteins Market:

The significant growth in demand for animal meat has led to the market to show huge potential in recent years. Other major factors responsible in driving the market for feed fats & proteins include cost mitigation of livestock production, increasing demand for milk and milk products, the industrialization of animal husbandry. The market also faces some restraints and challenges. Some of the important ones are an outbreak of the disease in livestock and environmental concerns regarding the use of feed fats and proteins. These factors have been holding back the market from showing its complete potential.

REPORT COVERAGE:

Feed Fats and Proteins Market Segmentation:

Feed Fats and Proteins Market – By Source:

• Animals

• Plant

Feed Fats and Proteins Market – By Livestock:

• Ruminants
• Poultry
• Aqua
• Swine
• Equine
• Others

Feed Fats and Proteins Market – By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

The Feed Fats & Proteins market was dominated by Asia-Pacific, with the overall market share of over 37% globally. Asia-Pacific was followed by North America and Europe. Europe is predicted to show rapid growth in the coming few years.

Key Players:

Some of the major companies dominating the market, by their products and services include Archer Daniels Midland Company (ADM), Darling International Inc, the Scoular Company, Omega Protein Corporation, Roquette Freres, Aarhuskarlshamn AB (AAK), Bunge Ltd., Euroduna Rohstoffe Gmbh, Lansing Trade Group LLC., Agrana Beteiligungs-AG (Agrana).