Rendered Products Market Information: by Source (Beef, Pork, Sheep, Poultry, and others), Category (Food Grade, Feed Grade, and Industrial Grade), Application (Cosmetic, Bio-Fuel, Animal Feed, Fertilizers, Food and Beverages, and others) and Region- Forecast till 2027

Rendered Products Market Overview:

The rendering is basically a process in which the tissue of waste animals is purified. Pork, beef, poultry, and sheep are major sources of several rendering products. Some positive effects of ingested rendered animal products are they are high in amino acids, essential minerals, and vitamins.

It is the best process for the disposal of animals. The by-products from the animals have a high presence of phosphorous, nitrogen, as well as micro-nutrients. Various factors such as the growing demand for rendering products will drive the rendered products market in the upcoming years.

COVID-19 Analysis of Rendered Products Market

The advent of COVID-19 disease in 2020 put a halt to the engagement mechanisms used to contract with vendors for products or services rendered. The lockdown for several months caused huge disruption in the supply of raw materials, production rate. The temporary closure of slaughterhouses to control the pandemic also caused massive financial disruption.

Market Dynamics:

Market Drivers

The drivers such as the growing uses of rendered products or by-products of animals will improve the rendered products market growth. Its various uses for pet food, animal feed, and cosmetics will further drive the market in the forthcoming years.

Restraints

The strict rules and regulations by the government across the world for animal products can hamper market growth. Also, strict rules for animal trade and transportation across the world are evaluated to slow down the market growth.

Opportunities

Several opportunities such as its wide usage in the cosmetic s industry for making soaps and creams will fuel the Rendered Products Market. The increasing use of Tallows for making other items such as candles, lubricants as well as food preparation will improve the market growth.

Challenges

The major challenge for the growth of Rendered Products Market is the growing trend of veganism and the use of plant-based edible products. Furthermore, the production of plant-based items as alternatives such as edible oils, protein items, etc. will pose a huge challenge for the growth.

Cumulative Analysis

The Compound Annual Growth Rate (CAGR) of Rendered Products Market is estimated to reach up 2.5%. Thus, the market value will further increase up to USD 27.65 Billion. Several drivers such as growing consumption of meat products and improving growth in the fertilizer industry will improve the market growth,

Value Chain Analysis

It is anticipated that the value chain of the market will improve in the upcoming years. Also, the increasing awareness among users for the environment is rising usage of biofuels will further enhance the value chain of Rendered Products Market during the forecast period. Furthermore, the spiking demand for animal protein will boost the market in the forthcoming years.

Market Segmentation:

The Rendered Products Market segments are divided into application, sources, and category. On the basis of application, the market is divided into biofuel, food industry, cosmetics, animal feed, fertilizers, and others. It is projected that increasing the use of by-products of animals that are used for livestock feeding will enhance the quality of animal feed.

On the basis of sources, the Rendered Products Market is fragmented into poultry, sheep, pork, beef, and others. The beef sub-segment is evaluated to dominate the market during the forecast period. The extraction of tallow from the beef is increasing for the production of cosmetic products such as soaps and creams.

On the basis of category, the Rendered Products Market is again bifurcated into feed grade, industrial grade, and food grade. The feed grade segment is estimated to flourish in the forthcoming years for its diverse uses.

Regional Analysis:

Geographically, the Rendered Products Market is divided into North America, Asia-Pacific, Europe, and the Middle East, and Africa. It is estimated that North America will hold the largest share in the market. The demand and awareness for the effects of ingested rendered animal products is the major driver of this region. The presence of several key players and growing demand for animal feed products are also major reasons for a significant boost.

Furthermore, Europe will also hold the second-largest share in the market with the increasing demand for rendered animal products and growing support from government policies. Also, the effects of ingested rendered animal products in the Asia-Pacific region will increase in the forecast period. The growing production and consumption of rendered products and meat production in countries such as India and China are the major reason for the significant growth.

Competitive Landscape:

The Rendered Products Market is fragmented with the presence of several key players. They do acquisitions, collaborations, mergers, new ventures, and product launches to expand their business and saturate the market. The significant key players in the Rendered Products Market are as follows.

• National Renderers Association (US)


• Valley Proteins Inc. (US)


• Smithfield Foods Inc. (US)


• JBS USA Holdings Inc. (US)


• SOLEVAL (France)


• Tyson Foods Inc. (US)


• Darling Ingredients Inc. (US)


• SRC Companies Inc. (US)


• Nordfeed (Turkey)


• Leo Group (England)


• Sanimax (Canada)

Recent Developments:

• Darling Ingredients Inc. in 2018 announced the acquisition of the stocks of a fat processing company of food-grade quality named PPH Conto Ltd. This acquisition of a Poland-based company will provide the company to enhance its position in the market.


• JBS SA in Friboi in 2020 announced the inauguration of a new processing plant located at Manto Grosso in Brazil. This expansion will help the company to meet the growing demand in the area.


• Valley Protein Inc. in 2019 acquired an Oakboro-based company called Enterprise Rendering Company. Valley Protein Inc.

Report Overview:

The Overview of the Rendered Products Market is as follows.

• Market Overview


• COVID-19 Analysis


• Dynamics of the Market


• Value Chain Analysis


• Market Segmentation


• Regional Analysis


• Competitive Analysis


• Recent Development

Report Score and Segmentation:

• Study Period- 2021-2028


• Base Year-2021


• Forecast Period- 2021-2028


• Historical Period-2019-2020

The report score highlights the information about the Rendered Products Market during the forecast period. It gives both qualitative and quantitative information such as market value, CAGR, opportunities, strategies by key players, etc. The information provided in this report is collected from secondary and primary sources.

Segmentation:

By Category

• Industrial Grade


• Feed Grade


• Food Grade


• Others

By Sources

• Poultry


• Sheep


• Beef


• Pork


• Others

By Application

• Biofuel


• Cosmetics


• Fertilizers


• Animal Feed


• Food Industry


• Others

By Region

• North America


• Asia-Pacific


• Europe


• The Middle East and Africa