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Description
The Feed Fats and Proteins Market size was estimated at USD 6.2 Bn in 2021, growing at a CAGR of 5.9% during the forecast period 2021-2028. Proteins are large biomolecules consisting of amino acid chains. Fat is an ester of alcohol glycerol and three fatty acid chains. Feed fats and proteins market help to maintain the nutritional level of the feed. Feed fats and proteins produce higher nutritional values with lesser feed amounts and lead to the production of a high amount of meat, dairy, and other livestock products. Feed fats and proteins are made up of either animal or plant sources. Feed fats and proteins are mixed with the feed-in in very fewer quantities which also helps to maintain the health of the livestock. Global feed fats and proteins are in the developing stage as several competitors are actively involved in the development of feed fats and protein products for improving the health and production of livestock products. Acquisitions and mergers, collaborations, joint ventures, and product launches are some key strategies followed by the companies for increasing their share in the feed fats and proteins market. For instance, in July 215, Volac International Ltd. and Wilmar International Ltd. created a joint venture to develop their feed fat products around the globe. Similarly, in October 2014, Darling Ingredients Inc. acquired the custom blenders for the diversification of its business segment in the U.S. Moreover, the grants from the various foundations for the research and development activities of feed fats and protein products also bolster the market. For instance, in June 2017, The Fats and Proteins Research Foundation collaborated with Clemson University by approving over US$ 250,000 for the development of pet feed.
key Developments:
In January 2017, Nutreco NV has acquired Hi-Pro feeds operations in Canada and U.S. for the regulatory approvals of its products in the North American region
In November 2016, Barentz has acquired Globe Ingredients, an amino acid supplier for expanding and strengthening its product portfolio.
