Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 361.47 Million | USD 637.12 Million | CAGR at 6.50% | 2023 |
According to the report published by Zion Market Research, the global Feed Grade Oils Market size was valued at USD 361.47 Million in 2023 and is predicted to reach USD 637.12 Million by the end of 2032. The market is expected to grow with a CAGR of 6.50% during the forecast period. The report analyzes the global Feed Grade Oils Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Feed Grade Oils Market industry.
The feed grade oils are also available from the blends of the animal and vegetable oils. Previously, the feed grade oils were used mainly in the diets of the swine and poultry. However, now the feed grade oils are being used to add the energy content in form of starch in the diets of the ruminant. The feed grade oils minimize the bloat incidence and help in providing energy to the animals. When the cost of grains increases the feed grade oils are used as an alternative for increasing the energy content in the animal diet.
The common term fish oil is used for referring two kinds of omega-3 fatty acids one is docosahexaenoic acid and the other one being eicosapentaenoic acid. These omega-3 fats are obtained from the fish, phytoplankton, and animal products. Fish oil is the cheapest source of these omega-3 fats and thus is being used widely as feed grade oil.
The market for the feed grade oils is fragmented into its application and product type.
Based on the application, the global market is segregated into ruminants, swine and poultry.
Based on the product type, the market is categorized into vitamin E, palm oil, fish oil, vitamin D, soybean, canola oil and others.
The demand for the food grade oils is increasing owing to the enhanced nutritional content and for being an economical energy alternative. The feed grade oil helps to cover the dust that arises from the feed granular component. This helps in minimizing the respiratory problems in the animals as the feed particles are bind together. In the feed ration, approximately one percent of the feed grade oil is used. Thus, the demand for the feed grade oil is growing in the feed industry. It is also used as a dispersing agent and it also minimizes the bloat incidence.
Other benefits of the feed grade oils are they improve the health conditions of the animal, improve their palatability, and prevent the wear of the machinery. The factors that will restrain the growth of the market include feed grade oils should be added in an appropriate amount as it may lead to the digestive disturbance and it is also prone to oxidation which may cause rancidity.
Report Attributes | Report Details |
---|---|
Report Name | Feed Grade Oils Market Research Report |
Market Size in 2023 | USD 361.47 Million |
Market Forecast in 2032 | USD 637.12 Million |
Growth Rate | CAGR of 6.50% |
Number of Pages | 201 |
Key Companies Covered | NHU Europe GmbH., Double S Liquid Feed Services, Inc., Renkert Oil, Inc., Valley Proteins, Inc., CanPro Ingredients Ltd., Xiamen Kingdomway Group Company, DAR PRO Ingredients, and Archer Daniels Midland Company. |
Segments Covered | By Application, By Product Type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The North American region holds the maximum market share for the feed grade oils which is followed by the Western European region. Some type of feed grade products such as palm oil and fish oil robustly contribute to the growth of the feed grade oil market in the European region. There is a wide range of opportunities for the feed grade oil market in Asia Pacific region owing to the factors such as the rapid industrial development and the growth in the demand for the fish meal.
The key market players that are involved in the feed grade oils market include:
By Application
By Product Type
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