Rendered Products Market 1

Rendered Products Market Research Report- Forecast till 2023
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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