Middle East and Africa Feed Fats and Proteins market is estimated to reach USD 0.46 billion by 2021 from a market value of USD 0.35 billion in 2016 at a CAGR of 5.35%.
The Feed Fats & Proteins market is forecasted to show great potential in the mentioned period. The market has continued to gain momentum with the rise in feed fats & protein demand as ingredients in feed for minimizing the loss in the production of higher quality eggs, meat and other bio products.
Thus, animal breeders as well as farmers have bettered their production to tackle the demands and hence various companies have been investing in Feed Fats & Proteins Market lately.
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Feed Fats & Proteins help in optimizing the feed nutritional level, ensuring procurement of higher nutrition from lesser feed amount and leading to the livestock production being cost-effective.The rapid urbanization and increase in middle class income has resulted in a rise in demand for fats & proteins in the market.
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The significant increase in the demand for animal meat created an opportunity for the market to show such potential in recent years. Other key factors responsible for driving the feed fats & proteins market include, increasing demand for milk and milk products, cost mitigation of livestock production, industrialization of animal husbandry.
The market has also been facing some challenges and restraints. Some of the important ones are outbreak of livestock disease and environmental concerns related to use of feed fats and proteins.
These few factors have held back the market from showing its complete potential.
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The Middle East & Africa market for Feed Fats & Proteins is categorized under livestock and source. Based on source the segments include plant and animals which have been further categorized into Meat & Bone Meal, tallow, Poultry Meal and Soybean, Corn, Cotton Seeds respectively.
The Plant segment holds the largest market share and is expected to exhibit the highest CAGR as well. On the basis of Livestock, the market is segmented under Poultry, Ruminants, Aqua, Equine, Swine and Others.
The poultry segment accounts for the greatest market share above all other segments due to extensive farming techniques being applied in poultry sector. On the basis of geography, the Middle East & Africa market is analysed under two regions namely Middle East and Africa.
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Some of the major companies dominating the market, by their products and services include Darling International Inc, Archer Daniels Midland Company (ADM), the Scoular Company, Roquette Freres, Omega Protein Corporation, Aarhuskarlshamn AB (AAK), Euroduna Rohstoffe Gmbh, Bunge Ltd., Agrana Beteiligungs-AG (Agrana), Lansing Trade Group LLC.
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