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(HomeGarden247.com, June 12, 2018 ) Feed fats and Proteins help in the optimization of the nutritional level of feeds leading to the ensuring of the provision of maximum nutrition from a relatively lower amount of feed which makes the activity of livestock production and animal husbandry significantly cost effective. Many companies are investing heavily in this market and animal breeders have also been developed to increase production to meet the growing demands.
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The global Feed Fats and Proteins market is estimated to have a value of USD 4.41 billion in 2016. With a CAGR of 5.3%, the market size is expected to grow rapidly to cross USD 5.71 billion by 2022. The market growth can be attributed to the rising disposable incomes of the populace combined with growing urbanization.
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Market Underlying Factors
Many animal structures are formed on the basis of proteins and hence they are considered important for the formation of the enzyme for the control of chemical reactions through the body. The requirement of amino acids includes essential and non-essential amino acids. It is very important that both of them are supplied in appropriate quantities for proper health. The major drivers for the rapid growth of the market include the mitigation of costs of production of livestock, the rise in demand of milk products and milk, and the industrialization of animal husbandry which leads to numerous applications on a bulk scale.
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As of now, North America with its advanced cutting-edge technologies and sophisticated animal husbandry accounts for the largest share of global Feed Fats and Proteins market, followed by Europe and the Asia Pacific.
The major market contributors for the global Feed Fats and Proteins market are Darling International Inc, Archer Daniels Midland Company (ADM), Euroduna Rohstoffe Gmbh, Omega Protein Corporation, Roquette Freres, The Scoular Company, Bunge Ltd., Lansing Trade Group LLC., Aarhuskarlshamn AB (AAK), and Agrana Beteiligungs-AG (Agrana).
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