European Feed Fats & Proteins is expected to grow at a CAGR of 5.77% and reach USD 1.17 billion in 2021 from USD 0.88 billion in 2016.
The Feed Fats & Proteins market is expected to show immense potential in the forecast period. The market continues to gain momentum with the increase in demand for feed fats & protein as feed ingredients in order to minimize the loss in the production of high quality eggs, meat and other bio products.
Thus, animal breeders as well as farmers have increased their production so as to meet the demands and thus various companies have taken interest in Feed Fats & Proteins Market.
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Feed Fats & Proteins help in maintaining the nutritional level of a feed, thus ensuring procurement of maximum nutrition from lesser feed amount and making the livestock production cost-effective.
The rise in middle class income and rapid urbanization has led to an increase in demand for fats & proteins in the agricultural market.
The growth in demand for animal meat has resulted in the market to exhibit huge potential in recent years. Other major factors driving the market for feed fats & proteins are cost increasing demand for milk and milk products, mitigation of livestock production, industrialization of animal husbandry.
The market also faces some challenges and restraints. Some of the major ones include outbreak of livestock disease and environmental concerns related to use of feed fats and proteins.
These factors have been holding down the market from climbing up to its complete potential.
The Europe market for Feed Fats & Proteins has been broadly categorized under source and livestock. Based on source the market is segmented into animals and plant, which are further categorized into Poultry Meal, Meat & Bone Meal, tallow and Soybean, Corn, Cotton Seeds respectively.
The Plant segmentation accounted for the largest market share and is also forecasted to show the highest growth rate. Based on segmentation by Livestock the segments include Poultry, Ruminants, Aqua, Equine, Swine and Others.
The poultry segment held the largest market share over all other segments because of the extensive farming techniques being used in poultry sector. On the basis of geography, the Europe market is analysed under various regions namely U.K, Germany, Spain, Italy and France.
Some of the major companies dominating the market, by their products and services include Archer Daniels Midland Company (ADM), the Scoular Company, Darling International Inc, 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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