The North America Feed Fats and Proteins Market is expected to reach USD 1.89 billion by 2026 from USD 1.32 billion in 2021, growing at a CAGR of 5.51%. The Feed Fats & Proteins market is showcasing significant potential in the forecast period. The market has continued to build up momentum with the increase in feed fats & protein demand as ingredients for minimizing the loss in the production of higher quality eggs, meat and other bio products. Thus, animal farmers and breeders have risen their production to meet the demands and hence many companies are taking interest in Feed Fats & Proteins Market.
Feed Fats & Proteins are used for optimizing the nutritional level in a feed, ensuring procurement of better nutrition content from lesser feed amount and hence making the livestock production cost effective. The rapid urbanization and increase in middle class income has resulted in a growth in demand for fats & proteins in the feed market.
Drivers and Restraints of North America Feed Fats and Proteins Market:
The immense growth in demand for meat has resulted in the market to show huge potential in recent years. Other important factors responsible in driving the market for feed fats & proteins are, increasing demand for milk and milk products, cost mitigation of livestock production, industrialization of animal husbandry. The market has also faced some challenges and restraints. Some of the major ones are environmental concerns regarding use of feed fats and proteins and outbreak of disease in livestock. These factors have been responsible for holding back the market from showing its complete potential.
North America Feed Fats and Proteins Market - By Source:
Meat & Bone Meal
North America Feed Fats and Proteins Market - By Livestock:
On the basis of geography, the North America 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), Darling International Inc, Omega Protein Corporation, the Scoular Company, Roquette Freres, Bunge Ltd., Aarhuskarlshamn AB (AAK), Lansing Trade Group LLC., Euroduna Rohstoffe Gmbh, Agrana Beteiligungs-AG (Agrana).
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