Overview and Scope
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.
Sizing and Forecast
The feed fats and proteins market size has grown strongly in recent years. It will grow from $8.73 billion in 2023 to $9.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to industrialization of livestock farming, animal health and productivity, fluctuations in feed ingredient prices, globalization of livestock production, nutritional awareness, regulatory support.
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.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the feed fats and proteins market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global feed fats and proteins market the during the forecast period. The regions covered in the feed fats and proteins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The feed fats and proteins market report table of contents includes:
1. Executive Summary
2. Feed Fats And Proteins Market Characteristics
3. Feed Fats And Proteins Market Trends And Strategies
4. Feed Fats And Proteins Market – Macro Economic Scenario
5. Global Feed Fats And Proteins Market Size and Growth
….
31. Global Feed Fats And Proteins Market Competitive Benchmarking
32. Global Feed Fats And Proteins Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Feed Fats And Proteins Market
34. Feed Fats And Proteins Market Future Outlook and Potential Analysis
35. Appendix
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