What Is The Current and Historic Market Size Analysis Of The Rendered Poultry Products Market?
The rendered poultry products market has seen considerable growth due to a variety of factors.
•In recent times, there has been consistent growth observed in the market size for rendered poultry products. The market size is projected to rise from $6.95 billion in 2024 to $7.18 billion in 2025, indicating a compound annual growth rate (CAGR) of 3.3%.
The historic growth of this market is associated with increased animal protein demand, an expanded poultry industry, a spike in the utilization of such products in animal feed, the booming pet food industry, and economic development in emerging nations.
What Are The Predictions for The Rendered Poultry Products Market Size In The Coming Years?
The rendered poultry products market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of rendered poultry products is predicted to observe consistent expansion in the forthcoming years. It is set to reach a value of $8.31 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.8%.
The expected escalation during this projected period is due to the regional market's development, the growing allure towards sustainable farming practices, the global economy revitalizing, the uptake of alternate protein sources, and a surge in demand for premium proteins. Key tendencies during this forecasted period comprise an increase in meat production, expansion of the market size, market segmentation according to type and grade, advancements in technology, an overview of the market competitor scenario, and macroeconomic elements.
Which Key Drivers Are Propelling The Rendered Poultry Products Market's Growth?
The expansion of the rendered poultry products market is projected to be fueled by a surge in meat production. The procedure of cultivating, slaughtering, and carrying out varying stages of processing on animals for people to eat is referred to as meat production. This consists of rearing animals, slaughtering them, and processing meat. The use of poultry byproducts is increased by rendered poultry products, which also minimize waste and enrich the meat processing cycle by supplementing beef, chicken, and pork with poultry byproducts. For instance, the Foreign Agricultural Service reported in April 2023 that worldwide production of chicken meat grew from 101.2 million tons in 2021 to 102 million tons in 2022. Moreover, production of beef and veal worldwide rose from 58.4 million tons in 2021 to 59.3 million tons in 2022. Consequently, the rendered poultry products market's growth is being propelled by this rise in meat production.
What Are The Key Segments Within The Global Rendered Poultry Products Market?
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
Subsegments:
1) By Poultry Fat: Rendered Poultry Fat, Poultry Oil
2) By Grease: Poultry Grease, Poultry Tallow
3) By Protein Meal: Poultry Meal, Poultry By-Product Meal
4) By Other Types: Feather Meal, Blood Meal, Other Rendered Products
Pre-Book The Rendered Poultry Products Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are New Trends Impacting The Size Of The Rendered Poultry Products Market?
The growing prominence of heightened investments in rendered poultry products is a noteworthy trend in the rendered poultry products market. To maintain their market standing, major enterprises in the industry are investing in these products. For instance, Tyson Foods Inc., a company based in the US and known for manufacturing rendered poultry products, invested $208 million in a rendering facility, specifically the Hanceville rendering plant, in April 2022. This investment contributes to a rise in food production with reduced energy and inputs, further offering a rich concentrated protein source for pet food and animal feed. The significance of this rendering plant extends to the agricultural sector of Alabama as it performs poultry processing for the adjacent states.
Who Are the Key Players in the Rendered Poultry Products Market?
Major companies operating in 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.
• 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
What are the Regional Insights into the Rendered Poultry Products Market?
North America was the largest region in the rendered poultry products market in 2024. 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.
