Feed Fats And Proteins Market Size, Share & Trends Analysis Report By Product
This report provides practical insights for business leaders looking to understand market growth, size, and key trends in the feed fats and proteins industry.
What Is The Current Outlook For The Feed Fats And Proteins Market By 2025?
The feed fats and proteins market size has grown strongly in recent years. It will grow from $9.35 billion in 2024 to $9.92 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. 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.
The feed fats and proteins market size is expected to see strong growth in the next few years. It will grow to “ $12.71 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. 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. Major trends in the forecast period include technological advancements in feed formulation, traceability and transparency, integration of digital technologies, innovations in feed additives, and sustainable sourcing.
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What Are The Key Driving Factors For The Growth 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. Pet adoption refers to the process of taking in an animal, typically from a shelter or rescue organization, to provide it with a permanent home. The rise in pet adoption can be attributed to several factors, including greater awareness of animal welfare issues, increased access to information about available pets through online platforms, and the emotional benefits of pet companionship. High-quality feed fats and proteins play a significant role in pet health and well-being, making pets more appealing to potential adopters. For instance, in January 2024, according to the Shelter Animals Count, a US-based nonprofit organization, total 6.5 million cats and dogs entered shelters and rescues across America, marking a 0.2% increase from 2022 and a 4.0% increase from 2021. Adoption rates also improved, with 4.8 million animals finding homes in 2023, highlighting a growing commitment to animal rescue and adoption initiatives. Therefore, the rise in the pet adoption rate is driving the growth of the feed fats and proteins market.
Global Feed Fats And Proteins Market Report Segmentation
The feed fats and proteinsmarket covered in this report is segmented —
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
Subsegments:
1) By Animal: Fish Meal, Poultry By-Products, Meat and Bone Meal, Dairy Products
2) By Plants: Soybean Meal, Pea Protein, Canola Meal, Sunflower Meal
What Are The Key Trends And Market Opportunities In The Feed Fats And Proteins Sector?
Major companies in the alternative protein market are emphasizing innovative solutions such as plant-based foods to reduce environmental impact. Plant-based foods are products primarily sourced from plants, such as fruits, vegetables, grains, legumes, nuts, and seeds, typically created to substitute or replicate animal-based foods. For instance, in March 2023, Shiru, a US-based innovative ingredient company, launched OleoPro, which incorporates a patent-pending technology derived from the Flourish platform. This technology leverages artificial intelligence to provide unique insights into plant proteins. OleoPro combines plant proteins with unsaturated plant-based oils, achieving a remarkable 90% reduction in saturated fat while enhancing the technical performance of alternative meats, thus offering a healthier option compared to conventional fats.
Who Are The Leading Players In The Feed Fats And Proteins Market?
Major companies operating in the feed fats and proteins market include The Archer-Daniels-Midland Company, Darling Ingredients Inc., The Scoular Company, Omega Protein Corporation, Roquette Frères, Bunge Limited, Euroduna Rohstoffe GmbH, AGRANA Group, Land O’Lakes Inc., Smithfield Foods Inc., Nutricorn Co. Ltd., Tyson Foods Inc., BRF S.A., AarhusKarlshamn AB, Nutreco N.V, Cargill Incorporated, Wilmar International Limited, Westway Feed Products LLC, Calysta Inc., Gavilon Group LLC, Valley Proteins Inc., Biorigin S.A., EcooFeed LLC, De Heus Animal Nutrition, Titan Biotech Limited, Unibio A/S, Agrosuper S.A., EuroFeed Technologies, The Lauridsen Group Inc., Ample Hills Fats LLC
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Which Region Is Projected To Hold The Largest Market Share In The Global Feed Fats And Proteins Market By 2029?
Asia-Pacific was the largest region in the feed fats and proteins market in 2024. 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
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