Rendered Poultry Products Market Size, Share, Industry, Forecast and outlook (2024-2031)

Rendered Poultry Products Market Overview

[101 Pages]The global rendered poultry products market reached USD million in 2022 and is projected to witness lucrative growth by reaching up to USD million by 2030. The market is growing at a CAGR of 2.55% during the forecast period (2023-2030). Rendered poultry products include things like blood meals, poultry by-product meals, feather meals, meat and bone meals, and various fat products.global players are Tyson Foods Inc., JG Pears, Brazilian Renderers.

They are the by-products of the food processing industry. The poultry industry benefits from protein sources that have been rendered. 

Rendered Poultry Products Market Scope and Summary

Rendered Poultry Products Market Dynamics and Trends

The importance of animal rendering for environmental sustainability is a major factor driving the market growth

The process of rendering can offer a solution to overcome such detrimental effects posed on environmental health because environmental sustainability is currently a major challenge. A crucial step in recovering and recycling waste byproducts for new uses, such as animal feed and used cooking oils (UCO), is rendering. According to the American Feed Industry Association, 2021, rendering reduces greenhouse gas emissions by 72% and fossil fuel use by 80%, and it also prevents about 90% of all GHG emissions when compared to industrial composting. Rendering has been valued for centuries and is acknowledged as the most sustainable method for lowering food waste, reducing carbon emissions, and recovering wasted water. According to the North American Renderers Association, 2020, 31.4 billion pounds of rendered poultry products are produced annually from the United States and Canada from approximately 62 billion pounds of raw materials that are cooked and rendered. As a result of further recycling these massive quantities of used cooking oils and animal byproducts, overall carbon emissions are decreased.

The rising use of poultry fat in biodiesel production drives the market growth 

The agro-food industry generates a lot of waste, which contaminates the environment. The primary relevant waste from meat processing and animal slaughter is animal fat, and because of strict environmental regulations, treating this waste is quite expensive. However, the production of bioenergy can help to offset a portion of these expenses. Biodiesel has become a viable alternative to fossil fuel-based diesel due to its biodegradability, non-toxicity, and ability to help reduce greenhouse gas emissions. Vegetable oils and other recycled animal fats are the main renewable resources utilized for the production of biodiesel. Poultry fat's function is constantly changing, but right now it's thought of as a superior, affordable raw material for the creation of biofuels. There may be opportunities to produce biodiesel through the transesterification of animal fats, according to the results of numerous studies that have been done.

Strict regulations on rendering activities hamper the market growth

The global market for rendered products heavily relies on strict veterinary regulations to stop the spread of animal diseases while keeping the needs of the consumer in mind. The development of novel products in the rendering industry is hampered by the emergence of stringent government rules and regulations on a global scale.

Rendered Poultry Products Market Segment Analysis

The global rendered poultry products market is segmented based on type, grade, and region.

Increasing demand for rendered poultry products with health benefits

Poultry fat has a dominant market share due to it is used to the utmost in many different applications. Chicken fat also referred to as poultry fat, is primarily made from the rendered tissues of chickens that have been processed. Because it is the richest source of linoleic acid and other nutrients like vitamin E and choline, poultry fat is widely consumed throughout the world. In chicken broth, spreads, salad dressings, and other foods, it is therefore frequently used as a flavoring agent.

Source: DataM Intelligence Analysis (2023)

Rendered Poultry Products Market Geographical Penetration

Increasing demanfd for rendered poultry products in North America

North America was the dominant region having a market value of XX million in 2022. Sales of rendered poultry products are likely to increase in the anticipated period due to the dramatically rising demand for high-quality animal feed to maximize the potential of ranch animals. The market is expanding in part due to the increasing number of rendering plants being installed in American nations. The Republic of China and the United States approved the installation of an additional 24 rendering plants by the Phase One Economic and Trade Agreement, 2020, which strengthens the production capacity of protein meals and other poultry fats.

Source: DataM Intelligence Analysis (2023)

Rendered Poultry Products Companies and Competitive Landscape

The major global players are Tyson Foods Inc., JG Pears, Brazilian Renderers, West Coast Reduction Ltd., The Leo Group, The Tonnies Group, Allanasons Pvt. Ltd., Akiolis Group, Darling Ingredients Inc., and Nordfeed.

Key Developments

• In November 2022, Darling Ingredients Inc. agreed to acquire Miropasz, which operates three rendering plants in Southeast Poland and processes about 25,000 metric tonnes of goods each year. With the help of this partnership, the business will be better able to render feedstock from around the world.
• In May 2022, Darling Ingredients Inc. completed the acquisition of Valley Proteins Inc.'s 18 rendering plants. Valley Proteins Inc. had a successful rendering business in order to strengthen its business expansion and increase its capacity to supply additional low-carbon intensity feedstock across the global market.
• Tyson Foods Inc. announced plans to build a new rendering plant to replace the existing River Valley Ingredients plant in Alabama, United States. By the end of 2023, the new plant will be operational, and it will be located close to the Hanceville Cullman country site.

Why Purchase the Report?

• To visualize the global rendered poultry products market segmentation based on type, grade, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of rendered poultry products market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global rendered poultry products market report would provide approximately 53 tables, 48 figures and 101 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

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