Global Feed Fats and Proteins 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 market help to maintain the nutritional level of the feed. Feed fats and proteins produce higher nutritional values with lesser feed amount and lead to the production of the high amount of meat, dairy, and other livestock products. Feed fats and proteins are made up of either animal or plant sources. Feed fats and proteins are mixed with the feed in very fewer quantities which also help to maintain the health of the livestock.
The global feed fats and proteins market are growing at a significant CAGR due to increase in the demand for healthy meat and dairy products. Industrialization of animal husbandry, a rise in the animal adoption rate, an increase in the income from farm animals expected to fuel the feed fats and proteins over the forecast period. Furthermore, increase in the global population preferring for milk and milk products, a rise in the awareness about the feed fats and proteins among farmers and animal breeders, and lack of nutritional feed for animals expected to boost the market over the forecast period. However, high cost for the feed fats and proteins, an outbreak of livestock diseases, and environmental factors related to the fats and proteins might hamper the growth of the market over the forecast period.
Global Feed fats and proteins market is segmented on the basis of product type and species
Based on the product type, Global market is segmented into the following
- Animal source
- Meat and bone meal
- Blood meal
- Poultry meal
- Plant source
- Cotton seeds
Based on the species, Global market are segmented into the following:
Global feed fats and proteins are in the developing stage as several competitors are actively involved in the development of feed fats and protein products for improving the health and production of livestock products. Acquisitions and mergers, collaborations, joint ventures, and product launch are some key strategies followed by the companies for increasing their share in the feed fats and proteins market. For instance, in July 215, Volac International Ltd. and Wilmar International Ltd. created a joint venture to develop their feed fat products around the globe. Similarly, in October 2014, Darling Ingredients Inc. acquired the custom blenders for the diversification of its business segment in the U.S. Moreover, the grants from the various foundations for the research and development activities of feed fats and proteins product also bolster the market. For instance, in June 2017, The Fats and Proteins Research Foundation collaborated with Clemson University by approving over US$ 250,000 for the development of pet feed.
Geographically, feed fats and proteins market segmented as the following regions Viz. North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific exhibiting significant growth in the global feed fats and proteins market due to growing adoption of feedstocks. Rise in the pet animal adoption rate, an increase in the population preferring the meat and dairy products are expected to propel the feed fats and proteins market in the Asia Pacific region. North America holds a major share in feed fats and proteins market owing to increase in the preference for healthy meat, lack of nutrition fortified animal feed, increase in the research and development activities for the development of new products, and raise the funding from various foundations for the innovation of new products in the U.S. are expected to bolster the feed fats and proteins market over the forecast period. Europe is a key region for market due to increase in meat consumption, food safety concerns, and rise in the meat prices. Latin America and Middle East & Africa regions exhibiting moderate growth. However, increase in the consumption of meat, rise in the demand for animal proteins, an increase in the aquaculture production expected to drive the market in these regions.
Some of the Major players in Feed Fats and Proteins Market:
Darling International Inc. (U.S.), Omega Protein Corporation (U.S.), Archer Daniels Midland Company (U.S.), Euroduna Rohstoffe GmbH (Germany), Volac International Ltd. (U.K.), Wilmar International Ltd. (Singapore), Nutreco NV (Netherlands), and Barentz (Netherlands) to name a few.
- In January 2017, Nutreco NV has acquired Hi-Pro feeds operations in Canada and U.S. for the regulatory approvals of its products in the North America region
- In November 2016, Barentz has acquired Globe Ingredients, an amino acid supplier for expanding and strengthening its product portfolio
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