The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Feed Fats And Proteins Global Market Report 2024, the feed fats and proteins market is expected to show significant growth in the forecast period.

The feed fats and proteins market has been experiencing robust growth, driven by various factors and trends. In this blog, we explore the recent market developments, future projections, and the key trends shaping the industry.

Recent Market Growth

• Market Size Increase: The market grew from $8.73 billion in 2023 to $9.35 billion in 2024, achieving a CAGR of 7.1%.
• Key Drivers:
  • Industrialization of livestock farming
  • Improvements in animal health and productivity
  • Price fluctuations in feed ingredients
  • Globalization of livestock production
  • Increased nutritional awareness
  • Regulatory support

Future Market Projections

• Continued Expansion: The market is projected to reach $11.9 billion by 2028, with a CAGR of 6.2%.
• Growth Factors:
  • Rising demand for aquaculture feed
  • Alternative protein sources
  • Biosecurity concerns
  • Impact of climate change
  • Growing demand for animal protein

View More On The Feed Fats And Proteins Market Report 2024 – https://www.thebusinessresearchcompany.com/report/feed-fats-and-proteins-global-market-report

Major Trends in the Forecast Period

• Technological Advancements: Innovations in feed formulation and additives.
• Traceability and Transparency: Enhanced monitoring and documentation of feed ingredients.
• Digital Integration: Use of digital technologies to optimize feed production and supply chains.
• Sustainable Sourcing: Emphasis on environmentally friendly feed ingredients.

Surge in Pet Adoption Fuels Market Growth

• Impact of Pet Adoption: Increased pet adoption is driving demand for high-quality pet food rich in fats and proteins.
  • Statistics:
    • In 2021, 977,202 pets were adopted in the US, marking a 61% adoption rate, the highest in six years.
    • In Australia, 48% of households had dogs in 2022, up from 40% in 2019.
• Market Response: Companies are focusing on protein- and fat-rich meals to meet the needs of companion animals like dogs.

Innovative Solutions Transforming the Market

• Product Innovation: Companies are launching new products to improve market positions.
  • Example: BASF SE launched Natupulse TS in December 2021, an innovative feed enzyme that enhances nutrient absorption and sustainability.
  • Benefits: Increases feed efficiency, improves nutrient digestibility, and supports sustainable animal protein production.

Strategic Acquisitions Strengthen Market Presence

• United Petfood’s Expansion: In October 2022, United Petfood acquired Gold Line Feeds, enhancing its position in the UK pet food market.
  • Benefits: Acquisition of Gold Line Feeds’ facilities, brands, and customer base.

Market Segmentation

• By Source:
  • Animal
  • Plants
• By Product:
  • Oilseed Meal
  • Fishmeal
  • Animal By-Product Meal
  • Other Products
• By Livestock:
  • Ruminants
  • Poultry
  • Aqua
  • Swine
  • Equine
  • Other Livestock

Regional Insights

• Asia-Pacific: Dominated the feed fats and proteins market in 2023 and is expected to be the fastest-growing region during the forecast period.

Key Market Players

• Leading Companies: The Archer-Daniels-Midland Company, Darling Ingredients Inc., The Scoular Company, Omega Protein Corporation, Roquette Frères, Bunge Limited, and others.
• Strategic Focus: These companies are focusing on innovation, acquisitions, and expanding their market presence to stay competitive.

Conclusion
The feed fats and proteins market is on a steady growth trajectory, driven by technological advancements, rising demand for high-quality animal feed, and increasing pet adoption rates. Companies operating in this market are leveraging innovation and strategic acquisitions to enhance their market positions, ensuring a promising future for the industry. As trends like sustainable sourcing and digital integration gain momentum, the market is poised for significant transformation and expansion in the coming years.

Request A Sample Of The Global Feed Fats And Proteins Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=10441&type=smp

The Feed Fats And Proteins Global Market Report 2024  provides an in-depth analysis on the feed fats and proteins market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the feed fats and proteins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Fats And Oils Global Market Report 2024
Therapeutic Proteins Global Market Report 2024
Nutritional Feed Additives Global Market Report 2024

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