HOME › Research Insight › Animal feed fats and proteins are gaining importance with the increase in market
Animal feed fats and proteins are gaining importance with the increase in market
The lifestyles of consumers are changing due to increasing urbanization as well as globalization. Animal feed fats and proteins are gaining importance with the increase in market demand for animal feed. The global increase in meat consumption has led to the increase in the demand for feed fats and proteins. The feed fats and proteins in animal feed are necessary to provide essential nutrition to animals and thereby help in their overall growth. This has created a massive demand for meat and dairy products across the globe resulting in the increase in the demand for micronutrients in the animal feed. The plant source segment (fats and protein) of the feed fats and protein market,by source, and the poultry segment, by livestock, dominated the market with highest market share in 2013.The demand in both the segments is the result of exploding population, which leads to arise in the demand for food.
The Asia-Pacific region held the maximum market share in 2013 for the plant and poultry segment. China is the largest market in the Asian continent due to a large population base, high economic growth, and increasing domestic demand for meat protein. Such trends in the Chinese meat production industry are fuelling the demand for feed fats and proteins market. North America was the second largest market in 2013. The market is well poised as there is a huge production of oilseeds and large number of slaughterhouses for the processing and packaging of meat. The meat and egg industry is flourishing in the North American continent, and hence there is no problem of raw material availability, considering the well-developed infrastructure & logistics. With rapid economic growth in the Asia-Pacific region, the demand for meat protein is rising especially in China, India, Malaysia, Japan, and Singapore. China is projected expected to be the leading feed fats and proteins consumer in the region, because of the fast economic growth and increased meat production.
Feed Fats & Proteins Market by Source (Animals, Plants & Others), by Livestock (Ruminant, Poultry, Aqua, Swine & Equine) & by Geography (North America, Europe, Asia-Pacific & ROW) - Global Trends & Forecasts to 2019
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252