Feed Fats and Proteins Market By Source (Plants, Animals), Livestock (Ruminant, Poultry, Aquatic, Swine, Equine), & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Feed Fats and Proteins Market Valuation – 2024-2031

Basically, the world's appetite for meat, eggs, and dairy is booming, and that's making the demand for feed fats and proteins skyrocket. As people get wealthier and economies expand, they want more animal-based foods. So, we need to come up with better, more balanced diets for our cows and chickens, and feed fats and proteins are key. Think of them as crucial building blocks – they provide energy, help with muscle growth, keep animals healthy for breeding, and generally boost how much they produce. All this is fueling a market that's expected to jump from a revenue of USD 7.07 Billion in 2024 to a valuation of around USD 11.97 Billion by 2031.

The feed industry’s globalization as well as shifting eating patterns around the world are driving up demand for feed fats and proteins. As emerging economies see fast urbanization and income growth, dietary trends move toward greater use of animal products. This event known as the nutrition transition boosts demand for livestock products necessitating an increase in feed output. Furthermore, globalization makes it easier to interchange agricultural goods across borders giving farmers access to a varied selection of feed ingredients from throughout the world by enabling the market to grow at a CAGR of 6.8% from 2024 to 2031. 

Feed Fats and Proteins MarketDefinition/ Overview

Think of fats in animal feed as concentrated energy boosters – they pack over twice the punch of carbs and proteins! They're mostly made of triglycerides, which are like tiny packages containing glycerol and different types of fatty acids. These fatty acids can be saturated, monounsaturated, or polyunsaturated, and each one plays a unique role in keeping animals healthy and performing their best. Where do we get these feed fats? Usually from vegetable oils like soybean, corn, and palm oil, or from animal fats and the byproducts of oil extraction. You can add them to diets in different forms tooliquid oils, solid fats, or even blended together, depending on what's available, how much it costs, and the specific nutritional needs you're trying to meet.

The use of feed fats and proteins in animal nutrition is an important part of modern agriculture affecting livestock health, productivity, and overall performance. Feed fats which come from a variety of sources including vegetable oils, animal fats, and synthetic sources provide concentrated energy in animal diets. These fats contain critical fatty acids such as omega-3 and omega-6 which are important for cell membrane construction, hormone production, and immunological function. Feed fats in animal diets increase energy density, stimulate weight gain, improve feed efficiency, and aid reproductive success.

The future of feed fats and proteins is inextricably linked to the larger goal of developing a circular economy in the agriculture sector. By vaporizing waste streams and adopting new recycling procedures, the use of by products and co-products from diverse industries as feed components has enormous potential for improving resource efficiency and lowering environmental burdens. From discarded grains and oilseed meals to food processing leftovers and algae biomass, the use of alternative feed sources represents a paradigm change towards a more holistic and sustainable approach to feed production.

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How the Increasing Nutritional Standards for Livestock Feed Drive the Feed Fats and Proteins Market?

The global feed fats and proteins market is expanding rapidly driven by a growing awareness of the critical role nutritional feed products play in improving animal health. This increased understanding emphasizes the need of feeding animals diets high in critical nutrients to improve their health and production. As consumers place a higher value on the quality and safety of meat, milk, and other animal products, demand for high-quality feed components has increased dramatically. In response to this trend, several nutritional standards for poultry and cow feed have been developed increasing the demand for protein-rich components in animal diets.

The recognition that feeding animals nitrified feed can significantly increase the quality of meat, milk, and overall product is increasing the demand for protein-rich feed ingredients. Nitrogen is a crucial nutrient for animals facilitating their growth and development. Producers can improve the nutritional content of their goods by ensuring that animals receive enough amounts of nitrified feed. This has resulted in a rising emphasis on introducing protein-rich components into animal diets in order to meet their nutritional needs while also maximizing their potential for growth and productivity.

We're seeing a real boom in the demand for meat and dairy, and people are also paying way more attention to what animals are eating – so expect the market for feed fats and proteins to really take off. Farmers are working hard to keep up with what consumers want, so they'll be on the lookout for top-notch feed that makes their animals healthier and more productive. All in all, the future looks pretty good for feed fats and proteins. They're a vital part of keeping our global food supply going strong and making sure animals are healthy and happy around the world.

Will Increasing Number of Environmental Concerns Hamper the Feed Fats and Proteins Market?

A variety of factors influence the feed fats and proteins market’s trajectory with environmental concerns and disease outbreaks appearing as significant barriers to its expected expansion during the forecast period. The convergence of these issues reveals a complicated landscape in which market forces are inextricably linked to greater environmental and public health concerns. Environmental deterioration caused by agricultural methods related to the production of feed fats and proteins presents a multidimensional challenge.

Limiting animal protein in livestock feed? That's a real sticking point, and it's definitely holding back market growth. See, regulators are trying to reduce environmental impact and stop diseases from spreading, especially with ruminants like cattle. So, they're cracking down on using animal-based stuff in feed. The idea is that animal agriculture can be tough on the environment, and feed could actually help spread infectious diseases. By using less animal protein, officials hope to tackle both environmental worries and protect public health. Of course, not everyone agrees on whether this is the best way to go, or even if it's truly practical.

The feed fats and proteins market faces numerous obstacles including environmental deterioration, disease outbreaks, regulatory limits, and altering consumer tastes. Navigating these challenges necessitates a comprehensive and collaborative approach that considers economic, environmental, and social factors. Stakeholders may reduce risks while also unlocking prospects for transformative growth and resilience in the feed business by embracing innovation, promoting collaboration, and embracing sustainable practices.

Category-Wise Acumens

Will the Increasing Demand for Livestock Farmers and Pet Owners Drive the Source Segment?

There has been a significant paradigm shift in the worldwide market with plant-based proteins emerging as the preferred choice in a variety of sectors including pet food, cow feed, and other types of ruminant feed. This transformation has been propelled by an increase in demand among both cattle farmers and pet owners driven by motives ranging from nutritional understanding to ethical concerns. One of the key drivers of this trend is a growing understanding of the benefits of natural plant-based feed additives which provide a viable alternative to traditional animal-derived proteins.

The development of plant-based proteins in the feed business reflects not just regulatory demands but also changing customer preferences and market dynamics. Pet owners in particular are increasingly looking for goods that reflect their values and views fueling demand for ethically sourced and sustainably produced meals. Plant-based choices provide a convincing argument in this regard as they are a more environmentally friendly and cruelty-free alternative to traditional animal feeds.

The trend of plant-based proteins in the feed business appears to be one of continuing growth and innovation. As the world’s population grows, so does the need for animal-derived goods highlighting the importance of sustainable and resource-efficient feed options. Plant-based components provide a sustainable and scalable alternative to traditional animal diets. By using the power of plants, the feed sector can contribute to a more resilient and equitable food supply for future generations.

 Will Increasing Demand for Affordable and Lean Sources of Protein Drive the Livestock Segment?

Chickens and turkeys really rule the roost when it comes to feed fats and proteins worldwide, grabbing the biggest slice of the market! You can mostly thank the ever-growing broiler production in lots of different places for that – it's helped this section of the market expand like crazy. The constant search for affordable, lean protein has pushed global chicken production to levels we've never seen before. This shows a big change in what people want to eat, a move towards healthier protein choices that's driving up demand for poultry. Plus, the fact that swine producers depend on feed fats and proteins to get the best growth, productivity, and meat quality just underlines how important poultry is to the global feed business. Read more about it here.

While poultry continues to dominate the feed fats and proteins industry changing consumer preferences in some regions suggest that demand may shift to other categories such as aquatic and ruminant feed. The changing nature of consumer tastes emphasizes the significance of market flexibility and diversity in the feed sector. In areas where cultural or culinary traditions favor shellfish or beef, the aquatic and ruminant feed market segments have significant growth potential.

Therefore, poultry continues to be the leading force in the global feed fats and proteins market owing to the constant need for low-cost, lean protein sources. However, the industry landscape is characterized by dynamic shifts in consumer tastes and changing market trends which present chances for expansion and diversification in categories such as aquatic and ruminant feed. Adaptability, innovation, and sustainability will be critical factors defining the future path of the feed fats and proteins market as it evolves in response to changing global dynamics.

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Country/Region-wise Acumens

Will the Increasing Population and Economic Development Drive the Asia Pacific Region?

Asia Pacific is now the big cheese in the global feed fats and proteins market, and you can thank a bunch of things for that – think booming populations and economies that are really taking off! It's a story of people, money, and what folks are eating. Basically, we're seeing more people wanting more milk and meat than ever before. It's no secret Asia Pacific's population has exploded, making it the most crowded place on Earth, and all those folks are hungry for protein, driving up demand like crazy.

Technological developments and innovation have played a critical part in strengthening Asia Pacific’s dominance in the global feed fats and proteins market. With the introduction of cutting-edge technologies and new solutions, the region’s cattle industry has undergone a transformation marked by increased efficiency, production, and sustainability. Advanced feed formulations loaded with vital fats and proteins have developed as critical instruments for optimizing livestock nutrition improving animal health, growth, and production.

The Asia Pacific region’s rise to a leading position in the worldwide feed fats and proteins market is due to a convergence of demographic, economic, technological, and environmental factors. The region’s growing population along with rapid economic development has resulted in an extraordinary spike in milk and meat consumption, increasing demand for feed fats and proteins. Furthermore, the region’s technological expertise, strategic geographical positioning, and proactive approach to sustainability have strengthened its competitive edge allowing it to emerge as a global leader in the production and usage of feed fats and proteins.

 Will Increasing Meat Consumption Drive the Asia Pacific Region?

The Asia-Pacific region is at the crossroads of a significant dietary shift with rising meat consumption emerging as a powerful force transforming its economic, social, and environmental landscapes. A variety of causes including demographic transitions and increased income as well as cultural influences and shifting consumer preferences are driving the region’s growing appetite for meat. Asia Pacific, the world’s most populous region is experiencing an unprecedented boom in population particularly in urban areas where lifestyles are increasingly characterized by fast-paced routines and heightened discretionary expenditures.

The rise of the Asia Pacific middle class fueled by strong economic growth and globalization has emerged as a major driver of the region’s increasing meat consumption. With rising wages and ambitions for higher living standards, a growing group of consumers in the region is leaning toward protein-rich diets of which meat is a key component. This growing middle class distinguished by its discriminating tastes, health-conscious preferences, and predilection for convenience is increasingly incorporating meat into its everyday culinary collection driving up demand for meat products throughout the region.

Competitive Landscape

The feed fats and proteins market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the feed fats and proteins market include

  • Cargill, Incorporated
  • Dow
  • BASF SE
  • Hansen Holding A/S
  • DSM
  • DuPont
  • Evonik Industries AG
  • NOVUS INTERNATIONAL
  • Alltech
  • Associated British Foods plc
  • Charoen Pokphand Foods PCL
  • Nutreco
  • De Heus Animal Nutrition
  • Land O’Lakes
  • Kent Nutrition Group
  • D. HEISKELL & CO.

Latest Developments

  • In February 2023, Alltech, a global leader in agriculture and animal nutrition, and Finnforel, a Finnish aquaculture developer, partnered to provide sustainable aquaculture feed. They have announced the purchase of a fish feed manufacturing facility, which will complete the circular-economy fish farming chain.
  • In January 2023, Cargill, a multinational food conglomerate, and BASF, the world’s largest chemical firm, expanded their relationship to offer high-performance enzyme solutions for animal protein.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~6.8% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Source
  • Livestock
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Cargill, Incorporated, Dow, BASF SE, Hansen Holding A/S, DSM, DuPont, Evonik Industries AG, NOVUS INTERNATIONAL, Alltech, Associated British Foods plc, Charoen Pokphand Foods PCL, Nutreco, De Heus Animal Nutrition, Land O’Lakes, Kent Nutrition Group

Customization

Report customization along with purchase available upon request

Feed Fats and Proteins Market, By Category

Source

  • Plants
  • Animals

Livestock

  • Ruminant
  • Poultry
  • Aquatic
  • Swine
  • Equine

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

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Reasons to Purchase this Report

We'll dive deep into the market using both qualitative and quantitative methods. This means looking at the numbers, but also the more nuanced economic and non-economic stuff that shapes different market segments. You'll get the market value (in USD Billion) for every segment and sub-segment, plus we'll point out which region and segment we think will grow the fastest and be the biggest overall. We'll break down each geographic area, showing you how much of the product/service is being used and what's impacting the market there. Then, we'll give you a competitive overview, ranking the big players and detailing their recent moves, like new product launches, partnerships, expansions, and acquisitions over the last five years. We’ll also provide detailed company profiles, giving you a look inside, including company overviews, insights, product comparisons, and SWOT analysis for the major players. We'll share our take on the industry's current and future outlook, highlighting recent developments, growth opportunities, drivers, and challenges – both in emerging and developed regions. Expect an in-depth analysis from all angles, including a Porter’s five forces analysis and a look at the value chain. Finally, we’ll paint a picture of market dynamics, showing you growth opportunities in the years ahead, and you'll get 6 months of post-sales analyst support from us.

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Pivotal Questions Answered in the Study

Some of the key players leading in the market include Cargill, Inc., BASF SE, Alltech, Associated British Foods plc, Nutreco, Evonik Industries AG, Charoen Pokphand Foods PC

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