Rendered Products Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Rendered Products MarketThe tuna fish market size was valued at USD 22.34 billion in 2023, and the market is now projected to grow from USD 22.85 billion in 2024 to USD 28.64 billion by 2032, exhibiting a CAGR of 2.86% during the forecast period of 2024-2032.
The COVID-19 widespread had a significant impact on the rendered items market growth trajectory. Government-imposed security measures and confinements disturbed commercial operations, driving to diminished accessibility of crude materials essential for rendered item fabricating. The temporary closure of slaughterhouses universally due to the widespread essentially hampered generation, influencing the rendering industry as an entire. This disturbance within the supply chain resulted in a lull in the generation of rendered items, preventing market growth.
The growing request for rendered products in Europe is essentially fueled by the region's growing requirement for high-quality animal nourishment and the expanding utilization of animal byproducts in pet nourishment. This drift is anticipated to drive noteworthy extension within the Europe rendered products market share within the predictable future. With around 18 million tons of animal materials handled yearly in Europe, as detailed by the Global Feed LCA Organization (GFLI), the region's noticeable quality within the rendering industry is unmistakable.
The rendered products market sees a rise in imaginative things from animal byproducts, assembly buyers and industry requests. With expanding meat consumption all-inclusive, rendering offices upscale generation to change over slaughterhouse residuals into premium animal nourish and value-added products like astaxanthin antioxidants, improving dietary quality.
Comprehensive Analysis of Rendered Products Market
The rendered products market segmentation, the poultry segment leads due to rising chicken consumption, backed by plentiful poultry byproducts like plume feast and poultry fat. Fat overwhelms the market type-wise, driven by its differing applications in nourishment, bolster, and mechanical divisions, whereas the protein supper portion appears the most elevated growth rate, ascribed to its noteworthy part in creature nourishment. Inside review analysis, the nourish review category holds priority, profiting from expanded requests in creature nourish applications and claim-to-fame pet nourishments, whereas mechanical review items witness rising utilization in individual care items like cleansers and creams.
The North America region lead the rendered products market by driven by increased chicken consumption and the abundance of poultry byproducts, market size of USD 10.57 billion in 2023 due to while fat emerges as a key player for its versatile uses. Developing preferences for higher chicken admissions are fueling demand, with the protein supper segment balanced for fast growth and feed-grade products in tall request for animal bolster and personal care applications.
The top players within the rendered products market are significant in driving growth and setting industry benchmarks through their inventive strategies and product developments. These key players incorporate Sweetheart Fixings Inc. (U.S.), West Coast Decrease Inc. (Canada), Nordfeed (Turkey), JBS S.A. (Brazil), Tyson Nourishments Inc (U.S.), Valley Proteins Inc. (U.S.), Sanimax (Canada), Allanasons Pvt. Ltd. (India), Leo Gather Ltd. (U.K.), and SRC Companies Inc. (U.S.).
In March 2022, Dear Fixings Inc. completed the procurement of FASA Group, a leading rendering company in Brazil, for roughly USD 560 million, fortifying its position within the worldwide rendered products market and extending its production capacity.
Segmentation Table
GlobalRendered Products Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 2.86% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Source, By Type, End-User, and Region
By Source
Sheep
Poultry
Cattle
Hogs
Others
By Type Tallow
Poultry Fat
Grease
Protein Meal
Others
By Grade
Food Grade
Feed Grade
Industrial Grade
By Region North America (By Source, Type, Grade, and Country)
-U.S. (By Grade)
-Canada (By Grade)
-Mexico (By Grade)
Europe (By Source, Type, Grade, and Country)
-Germany (By Grade)
-U.K. (By Grade)
-Spain (By Grade)
-France (By Grade)
-Italy (By Grade)
-Rest of Europe (By Grade)
Asia Pacific (By Source, Type, Grade, and Country)
-China (By Grade)
-Japan (By Grade)
-Australia (By Grade)
-India (By Grade)
-Rest of Asia Pacific (By Grade)
South America (By Source, Type, Grade, and Country)
-Brazil (By Grade)
-Argentina (By Grade)
-Rest of South America (By Grade)
Middle East and Africa (By Source, Type, Grade, and Country)
-South Africa (By Grade)
-Turkey (By Grade)
-Rest of ME&A (By Grade)