The Global Rendered Poultry Products Market share value is expected to grow at a CAGR of 3.24% during the forecast period 2023–2028 to reach USD 8.16 billion by 2028 from USD 6.74 billion in 2022.
Rendering is the process of converting animal waste into useful products. This includes dead chickens, chicken waste, tissues, and feathers. The rendered products can be high-protein meals, such as poultry meal and feather meal. Rendering is done on chicken waste from poultry slaughterhouses and processing plants. The animal leftovers that are rendered include necks, heads, feet, undeveloped eggs, intestines, and gizzards. The nutrient content of the rendered contains fatty acids, amino acids, minerals, and oils. The process involves heating the poultry by-products to high temperatures, which therefore separates the fat, protein, and minerals from the water and other impurities. The resulting products are then dried and ground into a powder or meal. Mostly, animals such as chicken, turkey, ducks, and geese are used for producing the rendered poultry products. Over the years, the process of rendering has become a part of the sustainable way to dispose of animal waste by creating useful products.
One of the major factors that is causing an exponential growth in rendered poultry market share is the expanding growth in poultry production. This is due to the ever-expanding global population and shift in the dietary preferences for poultry meat. As the world's population increases, the demand for protein-rich sources has increased, causing a huge demand for poultry products. Thus, the increasing demand for poultry meat led to an increased supply of poultry byproducts, including feathers, bones, and other residual materials. Therefore, the growth in poultry production, shift in dietary processes, and increasing population have fuelled the rendered poultry products market share.
Along with this, the increasing demand for animal feed, driven by rising meat and dairy consumption with the growth of the pet food industry, plays an imperative role in propelling the rendered poultry products market. Rendered poultry products, such as poultry meal and poultry fat, play an important role in animal feed formulations because of their high nutritional value. They provide essential amino acids, vitamins, and minerals, which are crucial for the growth and well-being of livestock, poultry, and pets. Furthermore, these rendered products are cost-efficient alternatives to traditional protein sources, making them attractive options to feed manufacturers. The pet food industry has also driven the demand for high-quality and specialized pet food products since it is integrated into premium pet foods for nutrition. Thus, the rising demand for the animal feed and dairy industry has caused a rise in the rendered poultry products market size.
One of the restraining factors affecting the rendered poultry products market is the strict regulations implemented by the government for the rendering poultry products industry. These regulations make it difficult for companies to develop new products and grow their businesses. Such as The European Fat Protein Renderers Association (EFPRA) and the Food Safety Modernization Act (FSMA) have set strict standards for the rendering industry. These standards are expensive to comply with, and they make it difficult to import and export rendered products globally. In addition to the regulatory challenges, the rendered products market is also facing competition from plant-based proteins. As more and more consumers are increasingly interested in healthier and more sustainable food products. This trend is leading to a decline in the growth of the rendered poultry products market, also affecting its market share.
Rendered poultry products have a wide range of opportunities, such as they can be used in functional foods, such as health and vitamin supplements, by incorporating vitamins, minerals, or omega-3 fatty acids. It can provide a range of health benefits, such as helping boost the immune system, improving heart health, and reducing the risk of cancer. Therefore, using rendered poultry products as a base in functional foods can be a good source of protein and other essential nutrients.
Along with this, the poultry products market has an opportunity in the pet food sector, as these products are a valuable source of protein and essential amino acids that can provide essential nutrition to pets.
Additionally, it also has opportunities in the organic fertilizers market, and they are a good alternative to synthetic fertilizers because of their environment-friendly composition. Rendered poultry products thus can be used as a raw material for organic fertilizers. To provide nutrients that plants need to grow, such as nitrogen, phosphorus, and potassium. Moreover, the presence of gelatin in poultry extracted from the rendered poultry products can be used in pharmaceutical products as a binder, a thickening agent, and a capsule coating. Hence, the rendered poultry products have created huge opportunities in various sectors, which can fuel its overall rendered poultry products market size.
The outbreak of the COVID-19 pandemic had a negative impact on the rendered poultry products market in the initial phase of the pandemic due to the implementation of lockdown and travel restrictions. It led to a decrease in demand for rendered poultry products, as many businesses and manufacturing units closed. Due to the decreased supply of raw materials, many food service industries, such as restaurants and cafes, were closed to restrict the spread of the virus, which ultimately reduced the supply of raw materials. The pandemic also had a positive impact on the rendered poultry products market as the demand for pharmaceutical products increased the use of rendered poultry in the form of gelatin in drugs and medicines. Overall, the pandemic had both negative and positive effects on the rendered poultry products market.
Based on the type, the rendered poultry products market is divided into poultry fat, grease, protein meal, and others. Fat poultry dominates the market share due to its versatility in a wide range of applications, such as in the food industry as a flavoring agent in a variety of dishes such as chicken broth, spreads, and dressings. In the animal feed industry, it is used as a source of energy and nutrients and as a preservative to prevent rancidity. Moreover, along with this, it is used in a variety of cosmetics and personal care products, such as soaps, lotions, and shampoos.
The protein meal segment is anticipated to grow at a higher rate during the forecast period.
Based on the grade, the rendered poultry products market is divided into food grade, feed grade, and industrial grade. The feed grade dominates the market share due to the large demand and usage in the animal feed industry. Feed-grade poultry products are used as a source of protein, energy, and other nutrients in animal feed. They are also used as a binder and preservative in animal feed. The food grade has the largest market share since it is used in a variety of food products, such as pet food, cosmetics, and pharmaceuticals. They are also used as a flavoring agent in some foods. At the same time, the industrial grade has significant market growth because of its use in biodiesel production and lubricants.
North America dominates the market share because of the growing and expanding animal feed industry and pet industry. Also, the high consumption of poultry products, especially in countries like the United States and Canada, has further contributed to the rise in rendered poultry products market share. Asia Pacific is leading with the highest growth rate, large and growing population in countries like India and China, and, along with this, the expansion of the pharmaceutical industry. Europe has significant market growth due to the increasing demand for gelatin and other rendered poultry products in the food and industrial sectors for the manufacturing of biodiesel and lubricants. Latin America, the Middle East, and Africa have low market share compared to other regions.
Key Players in the Market:
Major Key Players in the Global Rendered Poultry Products Market are
Frequently Asked Questions
Increasing demand in animal feed and dairy industry is one of the major factors.
The market is estimated to register a CAGR of 3.24% during the forecast period.
The major players are Tyson Foods Inc., Darling Ingredients Inc., and JG Pears
Strict regulations implemented by the government are one of the major challenging factors for market growth.
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