Feed Fats and Proteins Market to reach the value of USD 18.19 billion by 2029, at a CAGR of 7.30%

Fats and proteins are essential nutrients derived from animal by-products and plant sources. Because of their high nutritional content, these are effective ingredients in animal feed and pet food. Animal by-products with high nutritional value include meat and bone meal, blood meal, fish meal, poultry meal, hydrolysed feather meal, and animal fats. These are a concentrated source of protein, amino acids, vitamins, and a variety of essential minerals. Heat processing of these products results in digestible protein for animal feed production.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-feed-fats-and-proteins-market

Globally, there is an increase in demand for feed fats and proteins due to rising middle-class incomes and rapid urbanisation. The relationship between a well-balanced diet and maximum productivity is well understood by livestock producers. In fact, animal feed is a major factor influencing the profitability of the livestock production industry. As a result, industries are no longer conservative when it comes to producing high-quality animal feed ingredients.

Data Bridge Market Research analyses that the feed fats and proteins market which was growing at a value of 10.35 billion in 2021 and is expected to reach the value of USD 18.19 billion by 2029, at a CAGR of 7.30% during the forecast period.  In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, technological advancements and patent analysis.

Opportunity

Development in the rendering industry, rising applications from emerging economies will create more lucrative opportunities, leading to the growth of the feed fats and proteins market during the forecast period.

Drivers

Growing nutritional standards for livestock feed

The growing awareness of the importance of nutritional feed products in the overall well-being of animals is the primary driver of the global feed fats and proteins market. Feeding enough nitrified feed improves the quality of meat, milk, and overall produce. With the growing demand for meat and consumer concern about its safety, several nutritional standards for poultry and cattle feed were established, driving the demand for protein-rich ingredients. The rendering industry's hygiene and improved purification technologies increase the amount of animal protein and fat in processed foods.

Livestock

Ruminant Feed

Aquatic Feed

Equine Feed

Poultry Feed

Swine Feed

Some of the major players operating in the feed fats and proteins market are:

Cargill, Incorporated (U.S.)

Dow (U.S.)

BASF SE (Germany)

Chr. Hansen Holding A/S (Denmark)

DSM (Netherlands)

DuPont (U.S.)

Evonik Industries AG (Germany)

NOVUS INTERNATIONAL (U.S.)

Alltech (Nicholasville)

Associated British Foods plc (U.K.)

Charoen Pokphand Foods PCL (Thailand)

Nutreco (Netherlands)

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This release was published on openPR.