Feed Fats and Proteins - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Feed Fats and Proteins Market is accounted for $7,816.88 million in 2018 and is expected to reach $14,614.59 million by 2027 growing at a CAGR of 7.2% during the forecast period. Factors such as increasing demand for milk & milk products and substantial growth in demand for animal meat are driving the market growth. While elements like environmental concerns and outbreak of diseases are restraining the growwth of the market.
Proteins are the large biomolecules consisting of amino acid chains. Fat is an ester of alcohol glycerol and three fatty acid chains. Feed fats and proteins are made up of either animal or plant sources. They are mixed with the feed in very fewer quantities which also help to maintain the health of the livestock. Feed fats and proteins help to maintain the nutritional level of the feed and it produces higher nutritional values with lesser feed amount and lead to the production of the high amount of meat, dairy, and other livestock products.
Based on livestock, the poultry segment is estimated to have a huge demand owing to extensive farming technologies used in poultry sector. By geography, Asia Pacific is likely to have a huge demand owing to growing adoption of Feed Fats and Proteins in various feedstocks. A strong economic growth and population growth is the key driver of the market in this region.
Some of the key players in Global Feed Fats and Proteins market include Archer Daniels Midland Company, Darling International Inc, The Scoular Company, Omega Protein Corporation, Roquette Freres, Aarhuskarlshamn AB (AAK), Bunge Ltd., Euroduna Rohstoffe Gmbh, Lansing Trade Group LLC., Agrana Beteiligungs-AG (Agrana), BRF S.A, Land O'Lakes Purina, Smithfield Foods, Tyson Foods corp, Wudi Deda Agriculture Co., Limited, and Hamate (Tianjin) International Limited.
• Animal Source
• Plant Source
• Other Sources
• Other Livestocks
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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