Rendered Poultry Products Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Rendered poultry products are ingredients that are obtained through the rendering process, which comprises boiling and processing chicken by-products to extract valuable components. They are widely used as feed ingredients for poultry, livestock, fishing, and other domestic animals.

Sizing and Forecast
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..

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/rendered-poultry-products-global-market-report

Segmentation & Regional Insights
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

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.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12026&type=smp

Major Driver Impacting Market Growth
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.

Key Industry 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

The rendered poultry products market report table of contents includes:

1. Executive Summary
2. Rendered Poultry Products Market Characteristics
3. Rendered Poultry Products Market Trends And Strategies
4. Rendered Poultry Products Market – Macro Economic Scenario
5. Global Rendered Poultry Products Market Size and Growth
.
.
.
32. Global Rendered Poultry Products Market Competitive Benchmarking
33. Global Rendered Poultry Products Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Rendered Poultry Products Market
35. Rendered Poultry Products Market Future Outlook and Potential Analysis
36. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model