By the end of 2022, the market for feed grade oils is projected to be worth US$ 290 million. A CAGR of 5.7 % has been predicted for the market throughout the forecast period of 2022 to 2032, with a predicted closing value of US$ 554.7 Million. The industry had growth at a CAGR of 5.8 percent from 2016 to 2021.
Feed grade oils can be obtained from the blends of vegetable and animal oils. Traditionally feed grade oils were mainly used in swine and poultry diets. However, lately feed grade oils have been used to add the energy content in form of starch in ruminant diets.
Feed grade oils helps to maintain the growth requirements of the animals. Increasing trend of use of oils in feed have been witnessed over the recent years which have led to usage of acidulated soap stock which is common source of vegetable oils. Feed grade oils help reduce the bloat incidences and helps to provide energy to the animals.
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Moreover, the feed grade oils are used extensively when the cost of grains is high, as it is less expensive and represents an economic alternative for increasing the energy content in the animal diet and also improve the palatability of the feed.
The feed grade oils goes through different processing techniques depending upon the requirements such as neutralisation, absorbents like bleaching earth is used to remove bleaching contaminants and pigments, steam injection technique is used to remove deodorisation of volatile components. Hence, feed grade oil can be obtained through various methods.
Global Feed Grade Oils Market: Drivers and Restraints
With economical energy alternative and enhanced nutritional content is spurring the demand for feed grade oils. Apart from the energy values, feed grade oil also helps to mask the dust arising from the granular component of the feed. Thereby, reducing the respiratory health related problems in animals as it helps to bind the feed particles together.
Approximately 1% of the feed grade oil is used in the feed ration. Hence, feed grade oils market is gaining traction in feed industry. Feed grade oils are also used as dispersing agents and also helps to reduce the bloat incidence by reducing the dustiness in the feed.
Apart from aforementioned application, feed grade oils also improve the palatability, improves the health conditions of the animal and also prevents the wear of the machinery. Thereby, leading to enhance growth prospects of feed grade oils market.
However, the quantity of the feed grade oils should be added cautiously, as high amount may lead to digestive disturbance and effect the feed intake by the animal due to excessive amount of oil in the ration. Feed grade oils are also prone to oxidation which may lead to rancidity. Rancidity affect the palatability of the feed and also has unpleasant odour. Hence, may affect the energy and nutritional value of the feed. Therefore, these factors may restrain the growth of feed grade oils market.
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Global Feed Grade Oils Market: Region wise Outlook
The global feed grade oils market is categorised into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), Japan, Latin America and, North America. North America holds the major share in the global feed grade oils market. Western Europe accounts for significant share of the feed grade oils market.
Certain feed grade products such as fish oil, palm oil contributes to the robust growth of feed grade oils market in Europe. Asia Pacific represents an opportunistic market for feed grade oils with continuous industrial development and demand for fish meal is contributing to potential growth of feed grade oils during the forecast period.
Global Feed Grade Oils Market: Key Players
Some of the prominent players identified in the global feed grade oils market includes: 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.
Global Feed Grade Oils Market: Segmentation
On the basis of application, feed grade oils market is segmented into:-
- Poultry
- Swine
- Ruminants
On the basis of product types, feed grade oils market is segmented into:-
- Vitamin D
- Vitamin E
- Soybean
- Palm Oil
- Canola Oil
- Fish Oil
- Others
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