Press release
Rendered Poultry Products Market: Prodigious Growth Projected with Global Size Anticipated to Reach $8.31 billion by 2029, at a CAGR of 3.8%
"Analyzing major market growth drivers including increasing demand for animal proteins, expansion of poultry industry, and increasing usage in animal feed and pet food industry.
What Is The Projected Market Size Of The Global Rendered Poultry Products Market And Its Growth Rate?
The Rendered Poultry Products market has been experiencing a steady growth over the years:
- The market size was $6.95 billion in 2024, and is expected to reach $7.18 billion in 2025 at a CAGR of 3.3%.
- By 2029, the market size is expected to further increase and reach $8.31 billion at a slightly higher CAGR of 3.8%.
- Key market growth drivers include rising meat production, increasing demand for high-quality proteins, innovation and technological advancements, among others.
What Is Driving The Growth In The Rendered Poultry Products Market?
The surging rise in meat production is expected to fuel the growth of the global Rendered Poultry Products market. The meat production process, including animal husbandry and slaughter, contributes to the increase in poultry by-products, consequently boosting the market. For instance, global chicken meat production rose from 101.2 million tons in 2021 to 102 million tons in 2022, while beef and veal production increased from 58.4 million tons to 59.3 million tons over the same period. This growth in meat production directly influences the Rendered Poultry Products market growth.
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Who Are the Key Players Driving Rendered Poultry Products Market Growth?
Key players leading the Rendered Poultry Products market include:
- Cargill Inc.
- JBS USA Holdings Inc.
- Tyson Foods Inc.
- Seaboard Corporation
- Pilgrim's Pride Corporation
- Perdue Farms Inc.
- Darling Ingredients Inc.
- Koch Foods Inc.
- Sanderson Farms Inc.
- Leo Group Ltd., Allanasons Pvt Ltd.
What Are The Key Trends In The Rendered Poultry Products Market?
Notable market trends include:
- Rising meat production
- Growing market size
- Market segmentation by type and grade
- Technological advancements
- Evolving market competitor landscape
What Are The Segments Of The Global Rendered Poultry Products Market?
The key segments in the market are based on:
- By Type: Poultry Fat, Grease, Protein Meal, Other Types
- By Grade: Food Grade, Feed Grade, Industrial Grade
- By Application: Food Industry, Medical Industry, Other Applications
Which Region Leads The Rendered Poultry Products Market?
North America was the largest regional market for Rendered Poultry Products in 2024. However, the Asia-Pacific region is anticipated to experience the fastest growth rate during the forecast period, contributed by factors like economic recovery, rapid expansion of poultry industry, and growing adoption of sustainable agriculture methods.
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What Is Covered In The Rendered Poultry Products Market Global Market Report?
- Market Size Analysis: Analyzing the Rendered Poultry Products Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identifying various subsegments within the Rendered Poultry Products Market for effective categorization.
- Key Player Focus: Focusing on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examining individual growth trends and prospects in the Market.
- Market Contribution: Evaluating contributions of different segments to the overall Rendered Poultry Products Market growth.
- Growth Drivers: Detailing key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyzing challenges and risks affecting the Rendered Poultry Products Market.
- Competitive Developments: Analyzing competitive developments, such as expansions, agreements, and new product launches in the market.
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