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Feed Fats And Proteins: A Leading Driver Behind Surge In Pet Adoption Fuels Growth In Feed Fats And Proteins Market Market Expansion in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Feed Fats And Proteins Industry Market Size Be by 2025?
In recent times, the market size of feed fats and proteins has seen significant growth. The market, which was valued at $9.35 billion in 2024, is projected to reach $9.96 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 6.6%. A few factors that contributed to this growth in the past include the industrialization of animal farming, effective animal health and productivity, fluctuations in feed ingredient costs, globalization of livestock production, increased nutritional awareness, and supportive regulations.
What's the Long-Term Growth Forecast for the Feed Fats And Proteins Market Size Through 2029?
Expectations are high for a robust expansion in the feed fats and proteins market in the years ahead. The market is projected to reach "$12.75 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth throughout the forecast period is largely due to an increase in demand for aquaculture feed, alternative protein sources, and animal protein, as well as biosecurity concerns and the effects of climate change. The upcoming period will most likely witness advancements in feed formulation technology, more transparency and traceability, an increase in the use of digital technologies, innovations in feed additives, and a greater focus on sustainable sourcing.
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What Are the Key Growth Drivers Fueling the Feed Fats And Proteins Market Expansion?
The growth of the feed fats and proteins market is likely to be accelerated by the increasing trend of pet adoption. Pet adoption, typically involving animal shelter or rescue organizations, provides permanent homes to these creatures. Several factors are contributing to this rise in adoption, such as heightened awareness about animal wellbeing, easier access to information about adoptable pets via online sources, and the emotional positives of owning pets. Good-quality feed fats and proteins are crucial for the health and appeal of pets, making them more attractive to potential pet parents. For example, in January 2024, 6.5 million cats and dogs entered shelters and rescue centers throughout the U.S, as stated by Shelter Animals Count, a US-based not-for-profit organization. This was a 0.2% rise from 2022 and a 4.0% increase from 2021. The rate of adoption improved too, as 4.8 million animals found new homes in 2023, illustrating the increasing dedication towards animal rescue and adoption missions. Thus, the increasing rate of pet adoption is fuelling the growth of the feed fats and proteins market.
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What Are the Key Trends Driving Feed Fats And Proteins Market Growth?
Companies in the alternative protein market are focusing on sustainable plant-based food solutions. In March 2023, US-based Shiru introduced OleoPro, a low-saturated-fat alternative fat for meat substitutes. Utilizing AI from its Flourish platform, it blends plant proteins with oils, offering health benefits and improved functionality over conventional fats.
How Is the Feed Fats And Proteins Market Segmented?
The feed fats and proteins market covered in this report is segmented -
1) By Source: Animal, Plants
2) By Product: Oilseed Meal, Fishmeal, Animal By-Product Meal, Other Products
3) By Livestock: Ruminants, Poultry, Aqua, Swine, Equine, Other Livestock
Subsegments:
1) By Animal: Fish Meal, Poultry By-Products, Meat and Bone Meal, Dairy Products
2) By Plants: Soybean Meal, Pea Protein, Canola Meal, Sunflower Meal
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Which Companies Are Leading the Charge in Feed Fats And Proteins Market Innovation?
Major companies operating in the feed fats and proteins market include The Archer-Daniels-Midland Company, Darling Ingredients Inc., The Scoular Company, Omega Protein Corporation, Roquette Frères, Bunge Limited, Euroduna Rohstoffe GmbH, AGRANA Group, Land O'Lakes Inc., Smithfield Foods Inc., Nutricorn Co. Ltd., Tyson Foods Inc., BRF S.A., AarhusKarlshamn AB, Nutreco N.V, Cargill Incorporated, Wilmar International Limited, Westway Feed Products LLC, Calysta Inc., Gavilon Group LLC, Valley Proteins Inc., Biorigin S.A., EcooFeed LLC, De Heus Animal Nutrition, Titan Biotech Limited, Unibio A/S, Agrosuper S.A., EuroFeed Technologies, The Lauridsen Group Inc., Ample Hills Fats LLC
Which Regions Are Leading the Global Feed Fats And Proteins Market in Revenue?
Asia-Pacific was the largest region in the feed fats and proteins market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global feed fats and proteins market the during the forecast period. The regions covered in the feed fats and proteins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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