Global Rendered Poultry Products Market - 2023-2030

Global Rendered Poultry Products Market - 2023-2030

Market Overview

The global rendered poultry products market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 2.55 % during the forecast period (2023-2030).

Rendering of poultry is the oldest form of recycling, where the byproducts of poultry tissues are processed into useful products such as meat meals, poultry meals, bone meals, and others. In the US and many other countries, rendered products are a beneficial addition to poultry rations. Protein supplements have more balanced proteins, and highly available phosphorus, and are generally less expensive than diets that only contain one protein source.

Market Dynamics

The increasing use of rendered poultry in the food and feed industry drives the market growth

The rendering procedure has been used for hundreds of years to recycle leftover animal tissues into feed and fertilizers that are used to cultivate the next generation of food. Producing pet food, jams, jellies, fertilizers, and pharmaceuticals are just a few of the many uses for rendered poultry products. Additionally, farmers are attempting to ramp up their livestock slaughtering activities to meet the rising demand for value-added animal feed, which will increase production rates globally. In addition, rendered products, like gel bone, are frequently used to create gel caps for supplements, medications, and other cosmetics as well as vitamin capsules. For instance, in May 2022, Rousselot introduced Quali-Pure HGP 2000, its most recent batch of pharmaceutical-grade gelatin created especially for use in applications involving wound healing. Additional advantages of the product include controlled endotoxin levels, which broadens the range of biomedical applications. Such occurrences contribute to the market growth for rendered poultry products.

The rising use of poultry fat in biodiesel production drives the market growth

Large amounts of waste are produced by the agro-food sector, which contributes to environmental pollution. Animal fat is the main relevant waste produced by the meat industry and animal slaughter, and because of the strict environmental regulations, treating this waste is quite expensive. The production of bioenergy, however, can help to offset a portion of these expenses. The companies are also diversifying their portfolio with biofuel to expand their business lines, which will help the market for poultry rendering grow. For instance, in August 2019, Eni inaugurated its brand-new bio-refinery in Gela, Italy, which creates high-quality biofuels using animal fats, algae, and byproducts.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it to pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global rendered poultry products market is segmented based on type, grade, and region.

Increasing use of meat products by several health-conscious consumers

The poultry fat segment held the largest share in the global rendered poultry products market, due to its extensive usage in numerous applications. Chicken fat also referred to as poultry fat, is primarily made from rendered chicken tissues after processing. Because it is the richest source of linoleic acid and other nutrients like vitamin E and choline, poultry fat is widely consumed all over the world. As a result, it is frequently used as a flavoring ingredient in chicken broth, spreads, and salad dressings, among other foods.

Geographical Analysis

Increasing consumption of poultry meat with easy accessibility

Asia Pacific was the dominant region in the global rendered poultry products market, due to its rapid economic development and growing concerns regarding the animal feed industry. Due to the easy accessibility and affordability of poultry-meat products in the region, which can improve the rendering processes in nations like China and India, there is a significant demand for them. According to the “National Poultry Newspaper,” 2021, global meat production is rising, with two-thirds of the increase directly originating from the Asia Pacific region. Such instances will likely add value to the growth of the region’s market during the forecast period.

Competitive Landscape

The major global players are Tyson Foods Inc., JG Pears, Brazilian Renderers, West Coast Reduction Ltd., The Leo Group, The Tonnies Group, Allanasons Pvt. Ltd., Akiolis Group, Darling Ingredients Inc., and Nordfeed.

Why Purchase the Report?

• To visualize the global rendered poultry products market segmentation based on type, grade, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of rendered poultry products market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global rendered poultry products market report would provide approximately 53 tables, 48 figures, and 101 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies