Rendered Products Market Size, Share & Analysis, Forecast and Business Opportunities by 2027

Overview:

Market Research Future (MRFR) in their recent report on the rendered products market predicts a stable growth for the market during the forecast period (2017-2023). The rendered products market is also expected to touch the anticipated valuation mark until the end of 2023. Rendered products are usable materials converted from the waste of animal tissue. In most of the cases, it is the fatty tissue that gets transformed into purified fats such as lard or tallow. Sourced from the slaughterhouse, restaurants, grocery stores, and butcher shops, animal parts such as grease, meat trimmings, fatty tissue, bones, and offal or carcasses of animals from farms and transits get processed. The process includes drying of the material and separating of the fat from the bone and protein. The end products are fat commodity and protein meal. Based on the input material, producers decide whether to include that as human food or animal food. In the wet process, the product gets boiled in water to separate the fat. MRFR in their detailed report included segments for proper value-wise and volume-wise evaluation of the market. In sync, the report also contains details of factors that can make a difference in the coming years.

Rendering is the best method to handle animal disposal and its multiple roles in several sectors such as food, cosmetics, bio-fuel, chemical, fertilizers, and livestock feed industry. By-products of rendered products contain phosphorous and nitrogen, along with micro-nutrients which helps them gain accolades from the fertilizer industry. Biofuels demand is also on the rise due to increasing eco-awareness which can ensure high growth for the market during the forecast period.

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Competitive Landscape:

Major players profiled in the global rendered products market of MRFR’s report are JBS USA Holdings Inc. (U.S.), Tyson Foods Inc. (U.S.), Smithfield Foods Inc. (U.S.), Valley Proteins Inc (U.S.), West Coast Reduction Ltd. (Canada), National Renderers Association (U.S.), and SOLEVAL. (France).

In 2018, Tyson Foods planned to pump in around USD 850 million as a part of their acquisition of American Proteins, Inc. and AMPRO Products Inc. The endeavor is to boost its sustainability and increase their efficiency.

Segmentation:

MRFR segments the global rendered products market by sources, category, and application.

Based on the sources, the rendered products market can be segmented into beef, pork, sheep, poultry, and others. The beef segment has the leash of the market and is expected to grow in the coming years. Tallow sourced from beef is fast becoming an integral part of the cosmetics industry that adds texture in creams, soaps, and other cosmetic products. Tallow also has application as a lubricant in bio-fuels plants.

Based on the category, the rendered products market includes food grade, feed grade, and industrial grade. Feed grade is in charge of the global market.

Application-wise, the rendered products market comprises cosmetics, biofuel, animal feed, fertilizers, food industry, and others. The animal feed segment is leading the market. Meanwhile, the fertilizers segment is providing substantial traction to the rendered products market.

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Regional Analysis:

MRFR segments the global rendered products market into North America, Europe, Asia Pacific, and Rest of the World (RoW) for a better analytical discussion.

North America’s rendered product’s market volume is huge, and it gets substantial traction from the U.S. cosmetic and bio-fuel industry. Apart from that, the robust food industry is expected to provide the necessary thrust to the market.

Europe is the second leading market, and its technological advancement is providing a tailwind for further growth. The APAC market is also expected to grow with substantial volume. Australia and New Zealand from this region are getting ready for higher growth. Other countries such as Argentina, Brazil, and Uruguay are expected to showcase considerable growth. Their livestock production industry and meat processing industries are quite huge which can aid the market in its growth.

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This release was published on openPR.