Rendered Products Market 1

Rendered Products Market Research Report- Forecast till 2023

Rendered Products Market Research Report-

Forecast till 2023

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Market Overview

Rendering is a process of converting fatty tissues, bones, offal or an entire carcass

of animals into purified fats, for instance, lard or tallow. The most common animal

sources of rendering products are beef, pork, sheep, and poultry. Rendered products

are used in various industries such as fertilizers, cosmetics, biofuel, animal feed, food

industry, and others. Rendered fats are major source of proteins, amino acids,

vitamins, and essential minerals in livestock feeding. Moreover, it adds vital elements

in fertilizers for plant growth.

Rendering process is a best method for animal disposal, which converts waste animal

parts into stable, and value-added materials. Application of rendered products in

various industries such as cosmetics, fertilizers, animal feed, biofuel, food industry

and others is driving the market growth of rendered products. Moreover, increasing

focus on providing healthy feed to livestock is adding fuel to the growth of Rendered

Products Market.

Furthermore, government focus on clean energy and high demand for biofuel

consumption boost the rendered products market. However, raw materials in

rendering process are susceptible to spoilage, which may restrain the growth of the

rendered products. Nevertheless, all these factors projected to contribute to the

estimated CAGR of 2.7% of rendered products during the forecast period 2017-2023.

Downstream Analysis

Based on sources, rendered products are segmented as beef, pork, sheep, poultry,

and others. Among all, the beef segment is projected to be dominate the market

owing to its beneficial attributes and applications in various industries including

animal feed, cosmetics, biofuel, and others.

Based on the categories, rendered products are segmented as food grade, feed

grade, and industrial grade. Among all, the feed grade is dominating the market.

However, increasing focus on R&D likely to help in the growth of industrial grade

segment in the coming years.

Based on application, the animal feed industry is witnessing dominance over other

industries. However, fertilizer segment has been observing a steady growth from the

last few years.

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Competitive Analysis

The major key players in the rendered products

• Tyson Foods Inc. (U.S.)

• JBS USA Holdings Inc. (U.S.)

• Valley Proteins Inc (U.S.)

• National Renderers Association. (U.S.)

• West Coast Reduction Ltd. (Canada)

• Smithfield Foods Inc. (U.S.)

• (France)

Growing focus on R&D is increasing the application of animal by-products in various

industries. Moreover, government regulations supporting clean energy have opened

the doors for the new entrants in this industry, which may hamper the growth of

existing players in the market. However, rendered products market will project an

overall growth in the forecast period.

Regional Analysis

The global rendered products is segmented into North America, Europe, Asia Pacific,

and rest of the world (RoW). North America is projected to dominate the market

followed by Europe. In North America, the U.S. is the major contributor to the

rendered products market.

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Furthermore, rising number of meat industries is examining a moderate growth in

Asia Pacific. Also, leading livestock and meat processing countries like Argentina,

Australia, Brazil, Uruguay, and New Zealand are expected to achieve a steady growth

in the forecast period. All these factors expected to contribute to the estimated CAGR

of 2.7% of rendered products during the forecast period 2017-2023.

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Rendered Products Market 1

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