The growing world population and increasing income is creatinga higher demand foranimal-derived products, such as meat and milk.Therefore, in order to meet this demand for protein worldwide, it is essential to improve the efficiency of conversion of proteins from feed to meat. Proteins and fats are absolutely necessary for the reproduction, growth, and maintenance of an animalís body. The increase in the demand for animal protein and fat over the last few decades has been largely met by animal sources, mainly as a result of an intensive livestock production.
The Asia-Pacific region led the market and contributed over 38% of the market share in 2013 in the global feed fats and proteins market.The fast growth in the global animal livestock industry and requirement for superior-quality and safe animal feed material to ensure food safety are keeping the opportunities open for the animal fats and proteins market players.The highest growth for meat consumption is expected from the North America, Europe, andAsia-Pacific owing to the changing diet patterns, urbanization, population, and economic growth in these regions. Meat consumption has increased in the last ten years and its continuous growth will remain a major driver for the growth in protein and fat consumption in animal feed.
Plant by source(protein and fat) and poultry by livestock contributed to the major chunk in the feed fats and proteins market in 2013. Poultry meat is the easiest form of abundant and affordable animal protein and fat source,and is universally consumed, devoid of any religious impact. The rapid growth in poultry meat production is expected to increase the demand for feed fats and proteins in this segment.The demand for plant-based feed is also growing from the fish sector as the nutrients and fats, obtained from corn and soya, keep the costs low. Asia-Pacific is the major consumer of plant-based animal feed, followed by North America.
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
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