The Asia-Pacific feed fats and proteins market size is expected to reach USD 2.42 billion in 2024 and reach USD 3.08 billion by 2029, growing at a CAGR of 4.92% from 2024 to 2029.
The feed fats & proteins market is showing enormous potential in the given forecast period. The market has continued to build momentum with the increase in demand for feed fats & protein as feed ingredients to minimize the production losses of high-quality eggs, meat, and other bioproducts. Thus, animal farmers and breeders have increased their production to tackle the demands, and thus, many companies have been investing in the Feed Fats & Proteins Market.
Feed fats & proteins assist in optimizing the nutritional level in feed, ensuring procurement of higher nutrition from lesser amount of feed and hence making the production of livestock cost-effective. The rapid urbanization and increase in middle class income has led to an increase in demand for fats & proteins in the feed market.
The significant rise in demand for animal meat has resulted in the market showing high potential in recent years. Other key factors responsible for driving the feed fats & proteins market include cost mitigation of livestock production, industrialization of animal husbandry, and increasing demand for milk and milk products. The market also faces some challenges and restraints. Some of the major ones are environmental concerns regarding the use of feed fats & proteins and the outbreak of the disease in livestock. These factors have been holding back the market from showing its complete potential.
This research report on the Asia-Pacific feed fats & proteins market is segmented and sub-segmented into the following categories:
Asia-Pacific Feed Fats & Proteins Market - By Source:
Asia-Pacific Feed Fats & Proteins Market - By Livestock:
Asia-Pacific Feed Fats & Proteins Market – By Country:
KEY MARKET PLAYERS:
Some of the major companies dominating the market, by their products and services include Archer Daniels Midland Company (ADM), Lansing Trade Group LLC., Darling International Inc, Omega Protein Corporation, the Scoular Company, Roquette Freres, Bunge Ltd., Aarhuskarlshamn AB (AAK), Euroduna Rohstoffe Gmbh, Agrana Beteiligungs-AG (Agrana).
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