The feed fats and proteins help in maintaining the nutritional level of the feed. They produce higher nutritional values with lesser amount of feed and lead to the production of the high amount of dairy, meat, and other livestock products. They are made up of either animal or plant sources. Feed fats and proteins are mixed with feed in very fewer quantities that helps in maintaining the health of the livestock.
According to study, “Global Feed Fats and Proteins Market to reach USD 11949.19 Million by 2026” the key companies operating in the global feed fats and proteins market are Agrana Beteiligungs-AG, Euroduna Rohstoffe Gmbh, Archer Daniels Midland Company (ADM), Omega Protein Corporation, Bunge Ltd., The Scoular Company, Darling International Inc., Xinle City Hongyuan Carbon Black Sales Center, Lansing Trade Group LLC., WD STS BIOL. DEVELOPMENT Co., Limited, Roquette Freres, Hamate (Tianjin) International Limited, BRF S.A, Shouguang Ftl Bio. Co., Ltd., Land O'Lakes Purina, Qingzhou Ekato Commercial Co., Ltd., Tyson Foods Corp., WD STS BIOL. Development Co., Limited, Smithfield Foods, ADM Alliance Nutrition, Nutricorn Co., Limited, Wudi Deda Agriculture Co., Limited. The key players involved in this market are primarily concentrating on research & development (R&D) initiatives and new product developments to cater the needs of customers.
Based on source type, feed fats and proteins market is segmented as plant, animal and other source. Plants segment includes Corn, Cotton Seeds, Soybean, Wheat and others. Animal segment includes tallow, feather meal, poultry meal, meat & bone meal, blood meal and others. In addition, based on livestock, market is segmented as equine, poultry, ruminants, aqua, swine and others.
The feed fats and proteins market is driven by rise in demand for milk & milk products, followed by cost mitigation in livestock production, rise in income of the middle class population & rapid urbanization, growth in industrialization of animal husbandry and substantial growth in demand for animal meat. However, increase in environmental concerns and outbreak of diseases may impact the market. Moreover, growth in demand in Asia-Pacific & Latin American markets and sustainable business opportunities are key opportunities for market.
Based on geography, the North-American region accounts for largest share in the global feed fats and protein market owing to rise in consumption of Animal meat in the region. Whereas, the European and Asia-pacific regions are expected to grow with faster pace in the market due to growth in population of animal meat consumers along with higher consumption of milk & milk products over the forecast period. In upcoming years, it is anticipated that future of the global market will be optimistic on account of rise in food safety concerns, increase in meat consumption coupled with improvement in meat prices during the forecast period. The global feed fats and proteins market is valued approximately US $7965.49 million in 2018 and is probable to grow with a growth rate of more than 5.2% over the forecast period 2019 to 2026.
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Ankur Gupta, Head Marketing & Communications