Global Feed Fats and Proteins Market was Valued at US$ 7,879.7 Mn in 2018, Increasing Demand for Milk & Milk Products
“The Global Feed Fats and Proteins Market was valued around US$ 7,879.7 Mn by 2018 and growing at a significant CAGR of 4.9% over next seven years 2019-2025 due to increasing demand for milk & milk products”
The global feed fats and proteins market accounted for US$ 7,879.7 Mn in 2018 and burgeoning over the forthcoming years. Some of the kay factors influencing the market growth include increasing demand for milk & milk products, substantial growth in demand for animal meat and industrialization of animal husbandry. However, environmental concerns is the major factor hindering the market growth.
Global feed fats and proteins market segmented on the basis of product type, species and region.
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Ruminants dominate the Global Feed Fats and Proteins Market
Based on species, global feed fats and proteins market is segmented into ruminants, cattle, swine, aquaculture, poultry, equine and others. Ruminants held considerable market growth during estimated period. Developing production systems for ruminants using tropical feed resources requires an understanding of the relative roles and nutrient needs of the two-compartment system represented by the symbiotic relationship between rumen micro-organisms and the host animal. Efficiency of ruminants is influenced primarily by feed intake which, in turn, is determined by feed digestibility and the capacity of the diet to supply the correct balance of nutrients required by animals in different productive states.
Europe Leads the Global Feed Fats and Proteins market
PBI’s global feed fats and proteins market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Europe accounted for larger revenue share in global feed fats and proteins market with considerable CAGR. The growth in this region is due to improving meat prices and increasing meat consumption. Also, Asia Pacific held considerable market share during forecast year owing to increasing population growth and strong economic growth. In addition, China is the major contributor for the market growth in this region.
Strategic Acquisition are the Key Strategies Adopted by Market Players
Global feed fats and proteins market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In January 2017, Nutreco NV acquired Hi-Pro feeds operations in Canada and U.S. for the regulatory approvals of its products in the North America region
Key player’s profiles in the report are Darling International Inc. (U.S.), Omega Protein Corporation (U.S.), Archer Daniels Midland Company (U.S.), Euroduna Rohstoffe GmbH (Germany), Volac International Ltd. (U.K.), Wilmar International Ltd. (Singapore), Nutreco NV (Netherlands), and Barentz (Netherlands).
Precision Business Insights (PBI) in its report titled “Global Feed Fats and Proteins Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
By Product Type
o Animal source
• Meat and bone meal
• Blood meal
• Poultry meal
o Plant source
• Cotton seeds
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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