Asia-Pacific Feed Fats and Proteins Market has been estimated at USD 1.63 billion in 2016 and is projected to reach USD 2.07 billion by 2021, at a CAGR of 4.92% during the forecast period from 2016 to 2021.
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The Feed Fats & Proteins market is showing enormous potential in the given forecast period. The market has continued to build momentum with the increase in demand for feed fats & protein as feed ingredients to minimize the production losses of high quality eggs, meat and other bio products.
Thus, animal farmers and breeders have increased their production to tackle the demands and thus many companies have been investing in Feed Fats & Proteins Market.
Feed Fats & Proteins assist in optimizing the nutritional level in feed, ensuring procurement of higher nutrition from lesser amount of feed and hence making the production of livestock cost-effective.
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The rapid urbanization and increase in middle class income has led to an increase in demand for fats & proteins in the feed market.
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The significant rise in demand for animal meat has resulted in the market to show high potential in recent years. Other key factors responsible in driving the feed fats & proteins market include, cost mitigation of livestock production, industrialization of animal husbandry, increasing demand for milk and milk products.
The market also faces some challenges and restraints. Some of the major ones are environmental concerns regarding use of feed fats & proteins and outbreak of disease in livestock.
These factors have been holding back the market from showing its complete potential.
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The Asia-Pacific Feed Fats & Proteins market is segmented on the basis of source and livestock. Based on source the segments include plant and animals which are further categorized into Meat & Bone Meal, tallow, Poultry Meal and Corn, Cotton Seeds, Soybean, others respectively.
The Plant segment held the largest share in the market and is expected to show the greatest CAGR as well. On the basis of Livestock, the market segmentation is done into Ruminants, Aqua, Poultry, Equine, Swine and Others.
The poultry segment accounted for the greatest market share over all segments as a result of the extensive farming techniques used in poultry sector. On the basis of geography, the Asia-Pacific market is analysed under various regions namely China, India, Japan, Australia and South Korea.
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Some of the major companies dominating the market, by their products and services include Archer Daniels Midland Company (ADM), Lansing Trade Group LLC., Darling International Inc, Omega Protein Corporation, the Scoular Company, Roquette Freres, Bunge Ltd., Aarhuskarlshamn AB (AAK), Euroduna Rohstoffe Gmbh, Agrana Beteiligungs-AG (Agrana).
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