Rendered Poultry Products Market

Rendered Poultry Products Market

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:

• The increasing demand for high-protein food products worldwide.
• Rendered poultry products are an excellent source of protein and are used in the production of pet food, fertilizers, and even biodiesel.
• The increasing awareness of sustainable and eco-friendly practices in the agriculture and food processing industries.

A Few Factors Restraining the Growth in the Market include:

• Fluctuations in the price of raw materials can affect the profit margins of companies.
• There is a growing need for more stringent regulations and quality standards in the production and distribution of rendered poultry products.
• The growing competition from alternative protein sources, such as plant-based protein and insect protein.

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%

2018 to 2022 Global Rendered Poultry Products Market Outlook Compared to 2023 to 2033 Forecast

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.

Future Forecast for the Rendered Poultry Products Industry

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.

Country-wise Insights

How the United States is Making the Most Out of 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.

Guten Appetit! Why Germany is One of the Leading Producers of Rendered Poultry Products in the World

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.

China Eats Up a Whopping 35% of the Global Rendered Poultry Products Industry

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.

How Japan's Expertise in the Rendered Poultry Products Industry is Taking Flight?

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.

Category-wise Insights

The Growing Demand for Protein Meals as a Nutritious Animal Feed

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.

Which Factors Propelled the Feed Grade Segment to Take Lead in the Market?

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.

Porter's Five Forces Model

• Threat of New Entrants: The threat of new entrants into the rendered poultry products market is relatively low due to the high capital requirements, strict regulations, and established distribution networks of existing companies.
• Bargaining Power of Suppliers: The bargaining power of suppliers in the rendered poultry products market is low due to the abundance of raw materials, including poultry fat, grease, and protein meal. The poultry production industry generates significant amounts of byproducts, which are utilized in the rendering process.
• Bargaining Power of Buyers: The bargaining power of buyers in the rendered poultry products market is moderate due to the concentration of the market and the huge amount of buyers. This concentration of the market limits the bargaining power of individual buyers.
• Threat of Substitutes: The threat of substitutes in the rendered poultry products industry is low due to the unique properties of rendered poultry products, including their high protein and fat content. Poultry fat and protein meal are widely used in animal feed, and their properties cannot be replicated by other substitutes. However, there are some substitutes available, including plant-based protein sources and synthetic fats. Though they are not as effective or cost-efficient as rendered poultry products.
• Competitive Rivalry: The competitive rivalry in the rendered poultry products market is intense due to the dominance of a few key players and the high level of commoditization of the products. In addition, the products are highly commoditized, with minimal differentiation, leading to intense price competition among players. However, established companies have significant economies of scale and established distribution networks, providing them with a competitive advantage.

A Bird's Eye View of the Rendered Poultry Products Industry Competition

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.

Key Players in the Industry

• Tyson Foods Inc.
• JBS USA
• JG Pears
• Brazilian Renderers (Brazil)
• West Coast Reduction Ltd.
• The Leo Group
• The Tonnies Group (Germany)
• Allanasons Pvt. Ltd. (India)
• Akiolis Group (France)
• Darling Ingredients Inc.
• Nordfeed (Turkey)

What Key Players in the Market are Doing?

• Tyson Foods:

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:

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:

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.

Challenges New Entrants Need to Look Out for

• Regulatory Compliance: The rendered poultry products industry is heavily regulated, with strict guidelines and requirements for safety and quality. Key players must invest in compliance and quality control measures to maintain their market position, which can be costly and time-consuming.
• Changing Consumer Preferences: As consumer preferences evolve, key players in the rendered poultry products industry must adapt to changing demands. For example, the increasing popularity of plant-based diets may reduce demand for animal-based products, requiring companies to shift their focus to new markets and product lines.
• Economic Conditions: The rendered poultry products industry is subject to fluctuations in economic conditions, which can impact demand and pricing. Key players must be able to navigate these changes and adjust their strategies accordingly to remain competitive.

Untapped Investment Opportunities for New Entrants:

There are significant investment opportunities for new entrants in the rendered poultry products industry.

• The growing demand for sustainable and high-quality products, along with advancements in rendering technologies, presents opportunities for innovation and growth.
• New entrants can differentiate themselves by focusing on sustainability, product innovation, and niche markets. They need to create a unique value proposition that sets them apart from established players.

Market by Category

By Type:

• Poultry Fat
• Grease
• Protein Meal
• Others

By Grade:

• Food Grade
• Feed Grade
• Industrial Grade

By Region:

• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• The Middle East and Africa

Frequently Asked Questions

What is the Rendered Poultry Products Market's Growth Potential?

The market is forecast to register a CAGR of 3.25% through 2033.

What is the Projected Market Size by 2033?

The market is valued to hit USD 9,530 million by 2033.

What is the Market Share of the United States?

30% of the global rendered poultry products market is dominated by the United States.

What is Germany’s Market Share?

15% of the global market is represented by Germany.

What is the Rendered Poultry Products Market CAGR for China?

About 35% of the global rendered poultry products market is based in China.