Global Animal by-product Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Animal by-product Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Animal by-products are the parts of slaughtered animals that are not directly consumed by humans. This includes meat and bone meal, feather meal, blood meal, and animal fat. Animal by-products have important benefits. They have high nutritional value and are therefore used to make products such as fertilizers, feed, biofuels, and cosmetics. Animal fats and vegetable oils can also be used to produce alternative energy sources such as biodiesel or renewable fuels.

Market Overview:

The latest research study on the global Animal by-product market finds that the global Animal by-product market reached a value of USD 25210.03 million in 2022. It’s expected that the market will achieve USD 34760.67 million by 2028, exhibiting a CAGR of 5.5% during the forecast period.

The development of downstream industries drives the market of animal by-products

The market is currently being driven by its application in various industries such as animal feed, fertilizer, chemical, fuel, and others. Widespread applicability of animal by-products in these industries is expected to lead to its growth over the forecast period. Animal by-products from cattle and other species are often used in a variety of ways. Textile, pharmaceutical, cosmetic and other industries are able to find functional uses for animal by-products. The food industry is just one of the industries that use animal products. Because of their low cost and versatility, manufacturers use these ingredients in everything from soaps and sausages to cosmetics and cellos. To reduce waste and increase profits, renderers and slaughterhouses often sell surplus food to brand names. In addition to the uses mentioned above, animal by-products are used as raw materials for leather and other textiles, pet food, animal feed, industrial lubricants, biodiesel fuel and pharmaceuticals, among many other uses. Despite these examples, it is also common for people to consume certain animal by-products, such as pig ears and feet. Several cultures depend on these parts to make certain dishes. The global animal by-products market is witnessing steady growth owing to surging demand for its available product range. This demand comes from (end-user industries), many of which are working on developing innovative solutions for the future.

Region Overview:

In 2021, the share of the Animal by-product market in China stood at 34.26%.

Company Overview

Darling Ingredients is global leader in creating sustainable food, feed & fuel solutions from organic by-products. Darling Ingredients serves the agri-food industry and reduce food waste by collecting and repurposing animal-based co-products and other natural materials.

Segmentation Overview:

By type, Meat and Bone Meal segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Animal Feed segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Animal by-product market covered in Chapter 3:

JG Pears
Sanimax
Birmingham Hide and Tallow
ABP Food Group
Farol
Leo Group
TerramarChile
MOPAC (JBS)
Darling Ingredients
PRODIA SAS
SARIA
West Coast Reduction
Patense

In Chapter 4 and Chapter 14.2, on the basis of types, the Animal by-product market from 2018 to 2029 is primarily split into:

Meat and Bone Meal
Feather Meal
Blood Meal
Animal Fats

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Animal by-product market from 2018 to 2029 covers:

Animal Feed
Fertilizer
Chemical Industry
Fuel
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)