Global Processed Animal Protein market report, trends, analysis and forecast to 2028
Added: (Mon Dec 05 2022)
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Stratistics MRC’s Global Processed Animal Protein Market value is expected to reach $17.89 billion growing at a CAGR of 4.8% during 2022-2028.
Processed Animal Protein is nutritionally rich feed components that advantage to produce healthy animals. In recent years, the demand for meat and poultry-based products has considerably increased. Owing to these considerable growth is occurred in animal waste generated from the meat processing sector.
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By geography, North America is projected to hold the largest market share during the forecast period. Nearly 48% of the animal by-products in the country result from meat processing manufacturing, they are not suitable for human consumption. Owing to these animal by-products are processed into feather meals, blood meals, and other parallel products to lessen the ecological impact of animal waste. These animal protein products also aid to produce supplements that have applications in the feed industry. Furthermore, with the growth in the demand among the pet owners for nutritious products and pet food products to maintain pet health, the demand for processed animal protein in the American pet products industry is rising rapidly.
Some of the key players profiled in the Processed Animal Protein Market include Cargill Meat Solutions Corp, FASA Group, Leo Group ltd., National Beef Packing Co. LLC, Feednova, OSI Group LLC, Perdue Farms Inc., Ridley Corporation Limited, Sanimax, Smithfield Foods Inc., Sonac, SYSCO Corp., Tyson Food, Inc, Valley Proteins, and West Coast Reduction.
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