The Global Greaves Meal industry reached USD 721.9 million in 2019. Demand for Greaves Meal registered a 7.5% Compound Annual Growth Rate from 2019 to 2023, indicating that the global industry would reach USD 912.0 million in 2024. Over the projection period (2024 to 2034), global sales of Greaves Meal are expected to exhibit an 8.2% CAGR, ultimately totaling a sales value of USD 2,005.7 million by the end of 2034.
The Global Grain Mills Greaves Meal Industry is a vibrant and complex sector that has developed over time with a focus on production, processing and trade. Greaves meal is a protein-rich by-product obtained from the rendering of animal fats with applications in animal feed and pet food.
With the changes in the needs of the industry, the industry is changing its offers to clients throughout the world. The need for sustainable business practices has come out as a major point, as companies seek to use environmentally friendly materials, production processes and packaging. At the same time, manufacturers are trying new applications and uses of greaves meal to produce unique products.
The industry is also shifting towards artisanal as well as specialty products owing to the increasing inclination to genuinely high-quality feed. At the same time, new technologies that increase efficiency & traceability and allow companies to offer standard and stable products that last longer are on the rise.
| Attributes | Description |
|---|---|
| Estimated Global Industry Size (2024E) | USD 912.0 Million |
| Projected Global Value (2034F) | USD 2,005.7 Million |
| Value-based CAGR (2024 to 2034) | 8.2% |
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Higher protein retention capacity leading to Dry Rendering being the prominent production process
The production process of Greaves meal is primarily done by dry rendering. The process is conducted within controlled temperatures, between 115-145 degrees Celsius and the denaturation process is kept at a minimum to maintain the quality of protein. This method reaches protein retention of 90-95%, while wet rendering reaches 80-85%, which indicates higher commercial value.
Today's dry rendering systems are equipped with automated control systems and energy recovery systems which improve effectiveness. This process is also applied by premium pet food producers who have a need for consistent ingredients. Stronger preservation of amino acids profile, as well as lower cost of processing, have made dry rendering attractive to larger producers.
Pet Food manufacturers accounting for the majority of greaves meal sales
Pet food manufacturers constitute 45% of the global consumption of greaves meal, fueled by the global pet food industry. These suppliers buy greaves meal owing to its high protein content, which ranges between 45-60% and is usually enhanced with its natural flavoring. The long-term supply contracts, together with stringent quality requirements which are generally in line with pet food safety standards, strengthen the dominance of the segment.
Other major pet food manufacturers such as Mars Petcare and Nestlé Purina have also established suppliers of greaves meal and they have been paying premium prices in order to obtain quality harvests. This sales channel has been further consolidated by the premiumization trend of pet food formulations.
Rising pressure on companies to produce sustainable alternatives changing market dynamics
The Global Greaves Meal Industry is under pressure to move towards sustainable production as well as develop products that are less harmful to the environment. This trend is being driven by consumers, authorities and environmental organizations who expect companies to take action regarding the ecological consequences of their business activities.
Such pressure adds a different dimension as there is a focus on the sustainability side. Meeting these demands implies heavy expenditure on the R&D supply chain and non-fossil technologies. Firms that can make this transformation expect to be in a privileged position and grow in this new and promising market of eco-friendly products.
Global sales increased at a CAGR of 7.5% from 2019 to 2023. For the next ten years (2024 to 2034), projections are that expenditure on the industry will rise at 8.2% forecast CAGR.
The Global Greaves meal Industry has evolved from traditional farming. With the years passing, the industry has transformed, progressing with the time and the needs of its consumers. Across cultures and geographies, greaves meal has often been used as a constituent in many animal feeds owing to its nutritional value of high protein and fats.
As we look into the future, this industry comes with its potential. As more people start to prefer sustainably, ethically sourced products, there are changes in demand that the industry must cater to. Changes in processing and applications for the products are creating new opportunities within the existing segments of the industry.
Another notable fact is that this industry also has to deal with regulatory frameworks and environmental issues while also ensuring the sustainability of the supply chain in the long run. The companies that are likely to thrive in the Global Greaves Meal Industry would be the ones who view change as a necessity and evolve, keeping in mind the importance of changing consumer dynamics.
Principal Consultant
The Greaves Meal Industry is, depending on the industry area, moderate to highly concentrated. It is estimated that the top 5 players make a total of 45% of the world market share. These players are Darling Ingredients, SARIA Group and Ten Kate Vetten. The next 10 players account for another 30%, leaving about 25% for regional players.
As for Europe and North America, the concentration is high with presence of multiple MNCs. For instance, SARIA Group has more than 30% share of the European market due to its 2 holdings 'ReFood' and 'ecoMotion'. Darling Ingredients also claims to capture over 35% of the North American segment through various regional infrastructure and new acquisitions like Valley Proteins.
On the other hand, Asian and Latin American markets continue to be much more fragmented with more regionally oriented companies. These markets have a large number of average-sized processors who provide local service. The Premium Pet Food Grade products are highly concentrated and account for ~60% share. The Standard Feed Grade is moderately concentrated as the top 5 players have ~40% share and the Regional Feed Grade is fragmented with several local participants in the sector.
Integration is the strategy of the industry as the development of economical rendering plants, high entry barriers caused by the stringent regulatory environment, advantages of verticality, growing importance of global distribution and M&A activities of key players expanding to foreign markets continue to widen the gap.
SARIA Group established itself as a top-grade producer of greaves meal focusing mostly on species-based products in the pet food sector. This includes 'ProtiGraves' line of premium pork greaves and 'PoultryPro' line of specialized poultry greaves.
The company is pursuing growth in Eastern Europe and is expanding its sustainable technologies as well. The core direction of SARIA's future strategy is based on carbon-zero production sites and digital supply chain integration with a target of 200m euros on facility upgrade in the upcoming 3 years.
Darling Ingredients Inc has a comprehensive offering of greaves meal products sold under 'Nature Safe' and 'Dar Pro' trademarks with special formulations for pet and aquaculture as well as livestock applications. After the Valley Proteins purchase, their collection network and processing capabilities in the USA have improved considerably.
Their growth strategies are mainly to expand more in the APAC area and develop more premium products. The company expects to spend about 500 million USA dollars for a more modern facility and advanced processing technologies by the year 2026.
Ten Kate Vetten BV focuses on producing excellent greaves meal, especially cold processed variations for better-grade pet food. In their assortment include ]'Ultra-Pure' and 'PremiumPork' greaves. The company is growing its foothold in Northern Europe and upgrading its rendering technology. Plans for the future include the development of organic products and further extension of the specialty pet food ingredients range through mergers with other companies.
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The following table shows the estimated growth rates of the top five markets. These countries are set to exhibit high consumption, recording high CAGRs through 2034.
| Countries | CAGR 2024 to 2034 |
|---|---|
| USA | 8.4% |
| Brazil | 9.0% |
| Germany | 7.7% |
| France | 7.9% |
| China | 9.2% |
In terms of global greaves meal production, the United States holds the prominent position due to its more than 300 modern rendering plants. These plants contain mechanized processing lines, sophisticated quality management systems and integrated systems of transport & logistics.
Such efficient means as automatic control of the drying process and continuous quality control, remove inconsistencies among the products, thus ensuring high quality for USA greaves products. This infrastructural benefit makes sure the quality requirements are up to standards for local and international markets as well.
The industry for Greaves Meal in USA is projected to exhibit a CAGR of 8.4% during the assessment period and revenue from the sales of Greaves Meal in the country is expected to reach USD 561.6 million with a market share of 28%.
The German meat processing sector processes more than 8 million tons of meat every year. This is beneficial for the greaves production as there are tons of raw materials being produced. Germany has over 250+ meat processing plants that are adhering to the regulations required by the EU, hence the greaves being produced are of high quality. The German market for integrated production chains also benefits the companies that have their rendering plants next to the meat processing plants in Germany.
There is little need to store and transport raw meat because it can be procured directly and it is fresh. These trends are leading to a projected value of USD 300.9 million by 2034 with Greaves Meal demand calculated to rise at a value CAGR of 7.7% during the forecast period (2024 to 2034) with a value share of 15%.
China's livestock industry with 400 million pigs and 6 billion poultry birds is increasing spending for protein inputs in feed. Because the prices of traditional protein sources are very high and unstable, Chinese feed companies are gradually substituting them with more affordable and consistent quality sources that have already been processed, such as greaves meal.
As the government has been modernizing the animal feed industry and promoting increased usage of protein, the industry continues to grow. These factors are responsible for the robust projected forecast CAGR of 9.2% from 2024 to 2034, with the country achieving a global value share of 12% in 2034 with a value of USD 240.7 million.
| Segment | Pork greaves |
|---|---|
| Main Segment | Source |
| Value Share (2034) | 45% |
The primary reason for pork greaves taking the lead in the industry is due to their superior functional properties and desired fat content of 10-15%. This is because increasing the fat proportions enhances the quality and energy content of animal feed. Because of its optimal protein & fat ratios, better quality can be accomplished from pork greaves than from many other sources.
Pork greaves are also a light color and have a mild odor, which makes them preferred for high-end pet food as well. The volume of pork produced, particularly in China and Europe provides good availability of raw materials for processing as well. This growth has propelled the segment's value to USD 902.6 million in 2034 with a market share of 45% and further projections suggest its growth at a CAGR of 7.4%.
| Segment | Pet Food |
|---|---|
| Main Segment | Application |
| Value Share (2034) | 50% |
The pet food & pet food treats market segments are the most expensive out of all animal feed applications and are selling at a 30-40% premium depending on various factors. This price premium results from quality demand and processing practices, within the fast-growing pet food ecosystem. There are manufacturers in the pet food industry who go to great lengths to source greaves meal that satisfy specific nutrition and quality requirements.
The industry value of the segment continues to be supported by the continued growth of premium and super-premium categories. Specialized applications in functional pet treats and dietary supplements increase the pricing potential further. Bolstering from these trends, this segment is set to achieve a market share of 50% with a market value of USD 1,002.9 million by 2034 due to growth at a forecast CAGR of 8.4%.
The Global Greaves Meal Industry is characterized by a moderate degree of consolidation, with most of the concentration in well-established companies from Europe and North America. The leaders of the industry are now turning their attention to vertical expansion and technology in order to remain competitive.
There is a shift in the industry with a rising focus on the production of high-end products, with an emphasis on the production of pet food, which is leading companies to develop new processing capabilities and obtain quality assurance from regulatory bodies.
Leading firms are looking to expand their presence in developing regions, mostly Asia and Latin America, through mergers and acquisitions. Enterprises are also placing a strong emphasis on sustainability as well as traceability in response to changing customer expectations.
Niche markets in specific applications and local industries are being successfully catered to by smaller regional players, while large multinational corporations are focusing their resources on achieving economies of scale and streamlining the supply chain. Also, the competitive structure is being determined by the level of digitization of the channels of distribution and the increasing popularity of value-added, niche products, which is leading companies to alter their business models.
As per Source, the industry has been categorized into Pork greaves, Beef greaves and Mixed species greaves.
As per Production Process, the industry has been categorized into Dry Rendering, Wet Rendering, Low Temperature Rendering and Others.
As per Application, the industry has been categorized into Pet Food, Livestock Feed and Specialty Animal Feed.
As per Distribution Channel, the industry has been categorized into Pet Food Manufacturers, Feed Mills, Livestock Operations and Online B2B marketplaces.
Industry analysis has been carried out in key countries of North America, Latin America, Western Europe Eastern Europe, Balkans & Baltic, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific and Middle East & Africa.
The global market is estimated at a value of USD 912.0 million in 2024.
Prominent players in the landscape include SARIA Group, Darling Ingredients Inc, Ten Kate Vetten BV, Scantech Group, Boyer Valley Company, GePro and Mavitec Rendering.
The Global Industry grew at a Historical CAGR of 7.5% from 2019 to 2023.
The USA sales are projected to hold a revenue share of 28% over the forecast period.
The industry is projected to grow at a forecast CAGR of 8.2% from 2024 to 2034.
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