The Feather Meal Market size is estimated at USD 542.83 million in 2023, and is expected to reach USD 820 million by 2028, growing at a CAGR of 8.60% during the forecast period (2023-2028).
In the last 10 years, people have become more aware of the benefits of organic foods, which has made organic farming more popular.So, organic agriculture, in which by-product organic fertilizers are gaining a lot of popularity over plant-based strains because they are better at absorbing and holding water, which improves the fertility of the soil,In the same way, feather meal may be used in the organic fertilizer industry. This helps the soil keep the nutrients it needs for an hour.This opens up a huge market for feather meals, which will soon be used as organic fertilizer for organic farming because of the demand for feather meals in the future.For instance, in 2022, according to Epic Gardening, feather meal will be a fantastic organic fertilizer high in nitrogen that can take the place of many synthetic liquid fertilizers on an organic farm.
Feather meal (FM) fertilizers are replacing synthetic liquid fertilizers used in organic horticultural applications. This fertilizer supplies the plant with sufficient nitrogen and improves its growth. Growers prefer quality feather meal products for growing organic vegetables, such as corn, that need a high nitrogen supply. Further, increased farmers' awareness of the nutritional benefits of plant and animal fertilizer and promoting the growth of earthworms and their role in other plant microbial activities encourages the adoption of organic fertilizers. Meanwhile, the demand for organic farmland is increasing, and there is demand for organic fertilizer and feather meal, which will drive the market during the coming year.
Asia-Pacific is emerging as a hot spot in the food processing scenario. The huge production of agricultural produce along with the diverse animal resources has made the country one of the top food-producing countries in the world. In this regard the poultry and meat processing industry is booming, especially poultry production and processing, as the growth rate of it is very high.
Asia holds the highest poultry population, accounting for 2.37 billion heads in 2021. To guarantee the safety of chicken meat for consumers, an organized processing industry is gradually emerging. Nowadays modern broiler processing plants have the potential to process 200,000 to 1,000,000 birds per day, therefore tonnage of waste material is also produced. Currently, feather meal is an underutilized protein source in the region. Moreover, rising awareness regarding the nutritional benefits of feather meal across the region will play a part in solving the world’s protein needs by producing more animal protein, thereby recreating a price structure.
The global feather meal market is a very niche market, with various small and medium-sized companies coining a very minimal share in the world, like K-Pro U.S., JG Pears, FASA Group, Kleingarn Agrarprodukte, and Darling Ingredients. This has resulted in very stiff competition. The development of regional markets and local players in different parts of the world is the primary factor contributing to the fragmented nature of the market.
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