Rendered Poultry Products Market Report 2024-2033: Size, Share, Growth, Trends, Analysis, Demand, Key Players

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Rendered Poultry Products Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $7.96 billion In 2028 At A CAGR Of 3.5%.
The rendered poultry products market size has grown steadily in recent years. It will grow from $6.72 billion in 2023 to $6.95 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to growing demand for animal proteins, expansion of the poultry industry, increasing use of rendered poultry products in animal feed, growing pet food industry, economic growth in developing countries..

The rendered poultry products market size is expected to see steady growth in the next few years. It will grow to $7.96 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to regional market growth, growing interest in sustainable agriculture, global economic recovery, adoption of alternative protein sources, increased demand for high-quality proteins.. Major trends in the forecast period include rise in meat production, increased market size, market segmentation by type and grade, technological advancements, market competitor landscape, macroeconomic factors..

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Rendered Poultry Products Market Major Segments
The rendered poultry products market covered in this report is segmented -
1) By Type: Poultry Fat, Grease, Protein Meal, Other Types
2) By Grade: Food Grade, Feed Grade, Industrial Grade
3) By Application: Food Industry, Medical Industry, Other Applications

Key Driver - The Influence Of Increasing Meat Production On The Growth Trajectory Of The Rendered Poultry Products Market
The rise in meat production is expected to propel the growth of the rendered poultry products market going forward. Meat production is the process of growing, killing, and then processing animals through several phases for human consumption. It includes animal husbandry, slaughter, and meat processing. Rendered poultry products increase the use of poultry byproducts, reduce waste, and add value to the meat production process by combining beef, chicken, and pork with poultry byproducts. For instance, in April 2023, according to the Foreign Agricultural Service, a US-based government agency, global chicken meat production increased from 101.2 million tons in 2021 to 102 million tons in 2022. Additionally, global beef and veal production increased from 58.4 million tons in 2021 to 59.3 million tons in 2022. Furthermore, for instance, in 2021, according to the Food and Agriculture Organization, a US-based government agency, based on growing profitability, the world's meat production is anticipated to increase by 2030, reaching 373 million tons. Therefore, the rise in meat production is driving the growth of the rendered poultry products market.

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Prominent Trend - Growing Trend Of Increased Investments In Rendered Poultry Products Market

Increasing investments in rendered poultry products is a key trend gaining popularity in the rendered poultry products market. Major companies operating in the rendered poultry products market are investing in rendered poultry products to sustain their position in the market. For instance, in April 2022, Tyson Foods Inc., a US-based company that manufactures rendered poultry products, invested $208 million in a rendering facility, the Hanceville rendering plant. This investment aids in increasing food output while using less energy and inputs, as well as providing a good, concentrated source of protein for animal feed and pet food. This rendering plant plays a significant role in Alabama's agricultural industry, providing poultry processing in neighboring states.

Rendered Poultry Products Market Players
Major companies operating in the rendered poultry products market report are Cargill Inc., JBS USA Holdings Inc., Tyson Foods Inc., Smithfield Foods Inc., Hormel Foods Corporation, Conagra Brands Inc., Seaboard Corporation, Pilgrim's Pride Corporation, Perdue Farms Inc., The Tonnies Group, Darling Ingredients Inc., Koch Foods Inc., Maple Leaf Foods Inc., Sanderson Farms Inc., Leo Group Ltd., Allanasons Pvt Ltd., Sanimax Industries Inc., Valley Proteins Inc., Haarslev Solutions, San Miguel Foods Inc., JG Pears, West Coast Reduction Ltd., Mavitec Group, Baker Commodities Inc., Keystone Foods LLC, FASA Group, Akiolis Group, Brazilian Renderers Association, Nordfeed

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Largest And Fastest Growing Region In The Market
North America was the largest region in the rendered poultry products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rendered poultry products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Rendered Poultry Products Market Report Structure
3. Rendered Poultry Products Market Trends And Strategies
4. Rendered Poultry Products Market - Macro Economic Scenario
5. Rendered Poultry Products Market Size And Growth
…..
27. Rendered Poultry Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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