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Feed Fats And Proteins Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : The Archer-Daniels-Midland Company, Darling Ingredients Inc., The Scoular Company
Feed Fats And Proteins Global Market Report 2024
The feed fats and proteins market size is expected to see strong growth in the next few years. It will grow to $11.9 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising demand for aquaculture feed, alternative protein sources, biosecurity concerns, impact of climate change, growing demand for animal protein. Major trends in the forecast period include technological advancements in feed formulation, traceability and transparency, integration of digital technologies, innovations in feed additives, sustainable sourcing.
Market Overview -
Feed fats and proteins refer to animal feeds that contain fats and proteins and are concentrated with these nutrients for the health of the animal. Feed fats and proteins are used to provide essential nutrition for the health of animals.
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Surge In Pet Adoption Fuels Growth In Feed Fats And Proteins Market
The rise in pet adoption is expected to propel the growth of the feed fats and proteins market going forward. Animal adoption is acquiring animals through rescue groups instead of purchasing them from pet shops or breeders. Protein- and fat-rich meals help build and repair the bodies of companion animals such as dogs. For instance, in 2021, according to Chewy Inc., a US-based online retailer of pet food and other products, there were around 977,202 pets adopted in the US, which resulted in the highest adoption rate of 61% in the past six years. Furthermore, in November 2022, according to a national survey of pets and people published by Animal Medicines Australia (AMA), an Australia-based industry body representing the leaders of the animal health industry in Australia, about half of Australian households had at least one dog, making them the most common pet. In 2022, 48% of households had dogs, up from 40% in 2019. Therefore, the rise in the pet adoption rate is driving the growth of the feed fats and proteins market.
Competitive Landscape -
Major companies operating in the feed fats and proteins market report are The Archer-Daniels-Midland Company, Darling Ingredients Inc., The Scoular Company, Omega Protein Corporation, Roquette Frères, Bunge Limited, Euroduna Rohstoffe GmbH, AGRANA Group, Land O'Lakes Inc., Smithfield Foods Inc., Nutricorn Co. Ltd., Tyson Foods Inc., BRF S.A., AarhusKarlshamn AB, Nutreco N.V, Cargill Incorporated, Wilmar International Limited, Westway Feed Products LLC, Calysta Inc., Gavilon Group LLC, Valley Proteins Inc., Biorigin S.A., EcooFeed LLC, De Heus Animal Nutrition, Titan Biotech Limited, Unibio A/S, Agrosuper S.A., EuroFeed Technologies, The Lauridsen Group Inc., Ample Hills Fats LLC
Innovative Solutions Transforming The Feed Fats And Proteins Landscape
Product innovations are a key trend gaining popularity in the feed fats and proteins market. Major companies operating in the feed fats and proteins market are focused on innovating new products and solutions to strengthen their position in the market. For instance, in December 2021, BASF SE, a Germany-based chemical company, launched Natupulse TS, an innovative feed enzyme for animal feed, to improve nutrient digestion and make animal feed more cost-effective and sustainable. Natupulse TS enhances nutrient absorption and increases the affordability and sustainability of meal. Beta-mannanase is introduced to the feed, reducing the viscosity of the digest, reducing the digestibility of the feed, and ensuring a more sustainable output. It increases feed efficiency, improves nutrient digestibility, and supports more sustainably produced animal protein.
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Key Segments -
The feed fats and proteins market covered in this report is segmented -
1) By Source: Animal, Plants
2) By Product: Oilseed Meal, Fishmeal, Animal By-Product Meal, Other Products
3) By Livestock: Ruminants, Poultry, Aqua, Swine, Equine, Other Livestock
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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