The global feed-grade oils market is expected to accumulate US$ 302.9 million in value by 2023 end. During the forecast period ranging from 2023 to 2033, a CAGR worth 6.6% has been projected for the market, with an expected closing value worth US$ 576.5 million. During the 2018 to 2022 historical period, the industry expanded at a value CAGR worth 2.5%.
The mounting popularity of energy levels in food in developed countries like the United States & Germany and the growing demand for maintenance of the animals' growth development boost the demand for feed-grade oils.
| Data Points | Key Statistics |
|---|---|
| Growth Rate (2018 to 2022) | 2.5% |
| Projected Growth Rate (2023 to 2033) | 6.6% |
| Expected Market Value (2023) | US$ 302.9 million |
| Anticipated Forecast Value (2033) | US$ 576.5 million |
Feed-grade oils can be formed from vegetable and animal oil blends. Feed-grade oils were conventionally used primarily in swine and poultry diets. However, feed-grade oils have recently been used to significantly boost the content of ruminant diets in the form of starch.
Feed-grade oils aid in the maintenance of the animals' growth development. In recent years, there has been an upsurge in the use of oils in feed, which has prompted the use of acidulated soap stock, a common source of vegetable oils. Feed-grade oils aid in reducing bloat and providing energy to the animals.
Besides this, when grain prices are high, feed-grade oils are widely used because they are less expensive and represent an affordable solution for increasing the energy content in the animal diet while also boosting feed palatability. Depending on the requirements, feed grade oils go through various processing techniques such as neutralization reaction, absorbents such as bleaching earth are used to remove bleaching contaminants and pigments, and steam injection technique is used to remove deodorization of volatile components. As a result, feed-grade oil can be obtained in a range of methods.
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Feed-grade oils are in high demand due to their cost-effectiveness of energy and high nutritional content. Aside from its energy levels, feed-grade oil aids in the masking of dust caused by the granular component of the feed. As a result, it helps to bind the feed particles together, reducing respiratory health issues in animals.
In the feed ratio, approximately 1% of the feed-grade oil is used. As a result, the feed-grade oils market is gaining traction in the feed industry. Feed-grade oils are also used as dispersing agents, which helps to reduce the incidence of bloat by reducing dustiness in the feed.
Aside from the aforementioned applications, feed-grade oils also strengthen animal palatability, improve animal health, and prevent machinery wear. As a result, the market for feed-grade oils will witness improved growth prospects.
Although the feed-grade oil market has numerous end-uses, there are numerous obstacles that likely pose a challenge to market growth. Feed-grade oils are also susceptible to oxidation, which can result in rancidity. Rancidity has an unpleasant odor and affects the palatability of the feed. As a result, the energy and nutritional value of the feed may be affected. As a result, these influences may restrain the growth of the feed-grade oils market.
The amount of feed-grade oils added should be made with caution, as a huge portion may cause digestive upset and reduce the animal's feed intake due to an excess of oil in the ration.
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North America holds the majority of the global feed-grade oil market. The North American region includes the United States, Canada, and Mexico, and it is assumed to be a dominant market for feed-grade oils during the forecast period due to its widespread use in livestock agronomic practices.
The global feed-grade oil market is majorly driven by burgeoning meat consumption due to rising disposable income and population. Americans consumed a record 122.75 pounds of poultry per capita in 2017. Chicken consumption has risen by 540 percent since 1910, from around 10.1 pounds per capita in 1910 to 65.2 pounds in 2018.
According to the recent Packaged Facts report Global Meat & Poultry Trends, consumption of meat in the United States is expected to rise by 1% per year through 2023. As per Future Market Insights, North America accounted for 23.4% of the feed-grade oils market in 2022 and will continue to govern growth in the coming years.
Growing Use of Fish Oil and Palm Oil in Europe Drive the Growth of the Market
Europe accounts for a sizable portion of the feed-grade oil market. Certain feed-grade products, such as fish oil and palm oil, make a significant contribution to the robust growth of the European feed-grade oils market. The market for food-grade lubricants is expanding due to high demand from countries such as Germany, the United Kingdom, and France.
In Europe, sales of food and beverages increased by 10.5%, from EUR 110,271 million in 2018 to EUR 120,387 million in 2019, with the applicability of these feed-grade oils attributed to increased nutritional content in food. This factor is spurring demand for feed-grade oils. According to Future Market Insights, Europe hold held 42.3% of the Feed Grade oils market in 2022 and will continue to lead the growth rate during the forecast.
The livestock agricultural sector is a significant land user in Europe, shaping rural landscapes. Feed-grade oils are critical in assisting farmers in achieving the strategy's goal of further reducing antibiotic use and promoting health cooperation in Europe. In light of the ongoing COVID-19 pandemic, the Health and Food Safety Commissioner emphasized the importance of strengthening the interconnections between human and animal health surveillance systems and agencies. These factors play significant roles in the expansion of the European feed grade oils market.
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Increasing Number of Poultry Farms in the Region to Provide Opportunity for The Growth of the Region
The Asia Pacific is anticipated to exhibit a significant growth rate in the feed-grade oils market over the forecast period owing to the increasing demand for animal feed due to the increasing global population. Also, the rising awareness about the benefits of using feed-grade oil in animal feed is anticipated to propel the market in these regions during the forecast period.
The Asia Pacific region is the largest market for feed-grade oil due to the rise in the number of aquatic and poultry animal farms within the region. The rise in disposable income and increasing population size within the region are driving forces expected to fuel the growth of the global feed-grade oil market over the foreseeable period.
The swelling dispersion of start-ups in the feed grade oils market has upsurged the product quality and expanded global sales. Besides, to gain a competitive edge, new start-ups are working on novel developments and releasing innovative products such as:
Some key players in the feed grade oils market are CanPro Ingredients Ltd, NHU Europe GmbH, Xiamen Kingdomway Group Company, Double S Liquid Feed Services, Inc., DAR PRO Ingredients, Renkert Oil, Inc., Archer Daniels Midland Company, Valley Proteins, Inc. Key development in the feed grade oils market is as follows:
Recent Developments
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.6% from 2023 to 2033 |
| Market Value in 2023 | US$ 302.9 million |
| Market Value in 2033 | US$ 576.5 million |
| Base Year for Estimation | 2022 |
| Historical Period | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ million and CAGR from 2023 to 2033 |
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| Customization | Available upon Request |
The overall market is forecasted to progress at 6.6% CAGR between 2023 and 2033.
The global market value could become US$ 576.5 million by 2033.
The regional industry size was almost 23.4% of the global industry size in 2022.
India feed grade oils market follows China in size.
High nutritional content at cost-effective price is the main reason.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033 5.3.1. Poultry 5.3.2. Swine 5.3.3. Ruminants 5.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product Type, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product Type, 2023 to 2033 6.3.1. Vitamin D 6.3.2. Vitamin E 6.3.3. Soybean 6.3.4. Palm Oil 6.3.5. Canola Oil 6.3.6. Fish Oil 6.3.7. Other Products 6.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Application 8.2.3. By Product Type 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Application 8.3.3. By Product Type 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Application 9.2.3. By Product Type 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Application 9.3.3. By Product Type 9.4. Key Takeaways 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Application 10.2.3. By Product Type 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Application 10.3.3. By Product Type 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Application 11.2.3. By Product Type 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Application 11.3.3. By Product Type 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Application 12.2.3. By Product Type 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Application 12.3.3. By Product Type 12.4. Key Takeaways 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Application 13.2.3. By Product Type 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Application 13.3.3. By Product Type 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Application 14.2.3. By Product Type 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Application 14.3.3. By Product Type 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2022 15.1.2.1. By Application 15.1.2.2. By Product Type 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2022 15.2.2.1. By Application 15.2.2.2. By Product Type 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2022 15.3.2.1. By Application 15.3.2.2. By Product Type 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2022 15.4.2.1. By Application 15.4.2.2. By Product Type 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2022 15.5.2.1. By Application 15.5.2.2. By Product Type 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2022 15.6.2.1. By Application 15.6.2.2. By Product Type 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2022 15.7.2.1. By Application 15.7.2.2. By Product Type 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2022 15.8.2.1. By Application 15.8.2.2. By Product Type 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2022 15.9.2.1. By Application 15.9.2.2. By Product Type 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2022 15.10.2.1. By Application 15.10.2.2. By Product Type 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2022 15.11.2.1. By Application 15.11.2.2. By Product Type 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2022 15.12.2.1. By Application 15.12.2.2. By Product Type 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2022 15.13.2.1. By Application 15.13.2.2. By Product Type 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2022 15.14.2.1. By Application 15.14.2.2. By Product Type 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2022 15.15.2.1. By Application 15.15.2.2. By Product Type 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2022 15.16.2.1. By Application 15.16.2.2. By Product Type 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2022 15.17.2.1. By Application 15.17.2.2. By Product Type 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2022 15.18.2.1. By Application 15.18.2.2. By Product Type 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2022 15.19.2.1. By Application 15.19.2.2. By Product Type 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2022 15.20.2.1. By Application 15.20.2.2. By Product Type 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2022 15.21.2.1. By Application 15.21.2.2. By Product Type 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2022 15.22.2.1. By Application 15.22.2.2. By Product Type 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2022 15.23.2.1. By Application 15.23.2.2. By Product Type 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Application 16.3.3. By Product Type 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. CanPro Ingredients Ltd 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. NHU Europe GmbH 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Xiamen Kingdomway Group Company 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Double S Liquid Feed Services, Inc. 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. DAR PRO Ingredients 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Renkert Oil, Inc. 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Archer Daniels Midland Company 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Valley Proteins, Inc. 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Wilmar International Limited 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Louis Dreyfus Company (LDC) 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Feed Grade Oils market
