The Latin America feed fats and proteins market had a market size expected to reach USD 0.83 billion in 2024 and reach USD 1.07 billion by 2029, growing at a CAGR of 5.23% from 2024 to 2029.
The Feed Fats & Proteins market is predicted to showcase evident potential in the mentioned forecasting period. The market has continued to build momentum with the rising demand for feed fats & protein as ingredients to reduce the loss in the production of better quality meat, eggs, and other bioproducts. Therefore, animal farmers and breeders have increased their production to meet the demands, and hence, various companies have started investing in the feed fats & proteins market.
Feed Fats & Proteins help in maintaining the nutritional level in the feed, ensuring procurement of high nutrition content from less amount of feed and thus making the livestock production cost effective. The rise in middle class income as well as rapid urbanization have resulted in a rise in demand for fats & proteins in the feed market.
The increase in the demand for animal meat has enabled the market to show immense potential in recent years. Other important factors responsible for driving the feed fats & proteins market include increasing demand for milk and milk products, cost mitigation of livestock production, and industrialization of animal husbandry. The market is also facing some restraints and challenges. Some of the major ones include environmental concerns regarding the use of feed fats & proteins and the outbreak of disease in livestock. These factors have held back the market from showing its complete potential.
The Plant segment accounted for the highest share of the market and is also predicted to show the highest growth rate.
The poultry segment held the largest market share above all as a result of the extensive farming techniques being applied in poultry sector.
On the basis of geography, the Latin America market is analysed under various regions namely Brazil, Mexico, Argentina and rest of Latin America.
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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