Feed Fats And Proteins Market Growth Analysis With Investment Opportunities For 2024-2033
Feed Fats And Proteins Global Market Report 2024 – Market Size, Trends, And Forecast 2024-2033
LONDON, GREATER LONDON, UK, August 23, 2024 /EINPresswire.com/ -- The feed fats and proteins market has experienced robust growth in recent years, expanding 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 the industrialization of livestock farming, animal health, and productivity, fluctuations in feed ingredient prices, globalization of livestock production, nutritional awareness, and regulatory support.
Strong Future Growth Anticipated
The feed fats and proteins market is projected to continue its strong growth, reaching $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, the impact of climate change, and growing demand for animal protein.
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Growth Driver Of The 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.
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Major Players And Market Trends
Key players in the feed fats and proteins market include The Archer-Daniels-Midland Company, Darling Ingredients Inc., The Scoular Company, Omega Protein Corporation, Roquette Frères.
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.
Segments:
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
Geographical Insights: Asia-Pacific Leading The Market
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
Feed Fats And Proteins Market Definition
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.
Feed Fats And Proteins Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Feed Fats And Proteins Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on feed fats and proteins market size, feed fats and proteins market drivers and trends, feed fats and proteins market major players, feed fats and proteins competitors' revenues, feed fats and proteins market positioning, and feed fats and proteins market growth across geographies. The feed fats and proteins market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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