The global rendered poultry products market is estimated to be valued at USD 6,919 million in 2023. The sales of rendered poultry products are anticipated to progress at a CAGR of 3.25% to surpass USD 9,530 million by 2033.
Key Growth Drivers in Rendered Poultry Products Industry:
A Few Factors Restraining the Growth in the Market include:
Exploring Investment Opportunities and Unique Trends in the Rendered Poultry Products Industry
The rendered poultry products industry offers various investment opportunities, ranging from technology and innovation to infrastructure development. With the increasing demand for sustainable and eco-friendly practices in the food industry, investing in the production and distribution of rendered poultry products can be an excellent opportunity for investors.
In addition, advancements in rendering technology can provide opportunities for the development of new and innovative products.
One of the unique trends in the rendered poultry products industry is the growing demand for organic and non-GMO products. Consumers are becoming more health-conscious and environmentally aware, leading to an increase in demand for natural and organic products.
In addition, the industry is witnessing a rise in the use of rendered poultry products in pharmaceuticals and nutraceuticals, providing an exciting opportunity for the development of new products.
| Attributes | Details |
|---|---|
| Rendered Poultry Products Market Analysis Estimated Year Value (2023E) | USD 6,919 million |
| Rendered Poultry Products Market Analysis Projected Year Value (2033F) | USD 9,530 million |
| Value CAGR (2023 to 2033) | 3.25% |
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The rendered poultry products market experienced significant growth in the past decade, driven by increasing demand for animal protein and pet food. As well as rising consumer awareness of the health benefits of protein-rich diets.
In the period between 2018 to 2022, the global rendered poultry products market saw a steady increase in demand due to the growth of the poultry industry; which was the main source of raw materials for rendered poultry products.
The market was also driven by the increasing demand for animal feed, which was a key end-use segment of rendered poultry products. The growing pet population and the increasing trend of pet humanization further boosted demand for rendered poultry products as an ingredient in pet food.
The Asia Pacific region was a key market for rendered poultry products, driven by the high demand for animal feed and meat products in countries like China and India.
The rendered poultry products market is anticipated to record a CAGR of 3.25% from 2023 to 2033, reaching a market value of USD 9,530 million by 2033.
The sales of rendered poultry products are expected to be driven by the increasing demand for protein-rich diets and sustainable animal feed. The market is expected to witness significant growth due to the rising demand for pet food, as well as the increasing awareness of the nutritional benefits of poultry protein.
The use of rendered poultry products as a feed ingredient for aquaculture is also expected to contribute to market growth, as the aquaculture industry continues to expand globally. The Asia Pacific region is expected to remain the leading market for rendered poultry products, followed by North America and Europe.
However, the market also faces challenges, such as regulatory issues related to the use of animal by-products in animal feed. As well as concerns over animal welfare and sustainability. The industry is expected to focus on developing new technologies and sustainable production methods. In order to address these challenges and meet the growing demand for high-quality rendered poultry products.
In 2022, the United States accounted for around 30% of the global rendered poultry products market. The rendered poultry products industry in the United States is one of the leading in the world, accounting for a significant share of the global market.
The country is a key producer and exporter of poultry products. Moreover, the industry is highly diversified, with a wide range of products, including chicken fat, poultry meal, and feather meal. The industry is expected to continue to grow, driven by increasing demand for animal feed, biofuels, and other industrial applications.
In 2022, Germany accounted for around 15% of the global rendered poultry products market. The rendered poultry products industry in Germany is one of the advanced and well-developed in the world. The country is a key producer and exporter of poultry products, and its industry is highly specialized, with a focus on producing high-quality, value-added products, including animal feed, pet food, and cosmetics.
The industry is expected to continue to grow, driven by increasing demand for high-quality protein products and rising awareness about animal welfare and food safety.
In 2022, China accounted for around 35% of the global rendered poultry products industry. The rendered poultry products industry in China is rapidly growing, driven by increasing demand for high-quality protein products and rising awareness about food safety and animal health.
The country is a key producer and consumer of poultry products, and its industry is highly diversified, with a wide range of products, including animal feed, pet food, and cosmetics. The industry is expected to continue to grow, driven by increasing demand from domestic and international markets.
In 2022, Japan accounted for around 10% of the global rendered poultry products market. The rendered poultry products industry in Japan is among the mature and refined ones.
The country is a key producer and consumer of poultry products, and its industry is highly specialized, with a focus on producing high-quality, value-added products, including animal feed, pet food, and cosmetics. The industry is expected to continue to grow, driven by increasing demand for high-quality protein products and rising awareness about food safety and animal welfare.
The protein meal segment dominates the market, capturing 65% of the share in 2022. This segment's growth is driven by the increasing demand for high-protein animal feed and the growing trend of replacing fishmeal with a poultry protein meal. In addition, the segment's growth is attributed to the expanding poultry production industry and the need for sustainable protein sources.
The feed grade segment is dominating the market, accounting for 70% of the share. This segment's growth is driven by the increasing demand for high-quality animal feed. Additionally, the rising awareness of the benefits of including rendered poultry grease in animal diets. Therefore, the growth of the segment is also attributed to the expanding poultry production industry and the need for sustainable protein sources.
The rendered poultry products industry is highly competitive, with a few key players dominating the market. These companies operate globally, utilizing advanced technologies and efficient distribution networks to maintain their market position. However, there are significant challenges to staying at the top of the market, including regulatory compliance, changing consumer preferences, and shifting economic conditions.
What Key Players in the Market are Doing?
Tyson Foods is a leading player in the rendered poultry products industry, with a diverse portfolio of products, including protein meals, fats, and oils. The company operates in several countries and has a well-established distribution network. To maintain its position in the market, Tyson Foods has focused on product innovation and sustainability. It also invests in new technologies and processes to reduce its environmental impact.
Darling Ingredients is another key player in the rendered poultry products industry, with a focus on producing sustainable and high-quality products. The company utilizes advanced rendering technologies to extract maximum value from its raw materials. It has a strong presence in the animal feed and pet food markets.
JBS USA is a global leader in the poultry industry, with a significant presence in the rendered poultry products market. The company's focus on innovation and product quality has helped it maintain its market position. It has recently invested in new processing technologies to improve its efficiency and reduce its environmental impact.
Untapped Investment Opportunities for New Entrants:
There are significant investment opportunities for new entrants in the rendered poultry products industry.
The market is forecast to register a CAGR of 3.25% through 2033.
The market is valued to hit USD 9,530 million by 2033.
30% of the global rendered poultry products market is dominated by the United States.
15% of the global market is represented by Germany.
About 35% of the global rendered poultry products market is based in China.
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Rendered Poultry Products Market
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