Rendered Products Market Size, Key Players, Statistics, Gross Margin, and Forecast 2030


 Rendered Products Market Synopsis

The global rendered products market is estimated to expand at a CAGR of 2.4 % while acquiring a notable market value of USD 22.31 billion during the review period from 2023-2030.

The growing adoption of various animal by-products in pet feed is anticipated to be a salient factor that is expected to boost the rendered products market size. The rapid expansion of the meat processing industry is likely to increase demand for livestock production that can augment the market in the assessment period. The extensive application of rendered products in fertilizers and cosmetics may escalate the demand for the same, which can strengthen the market. Furthermore, the growing requirement for biofuel owing to the rise in air pollution is anticipated to boost the demand for such substances, which is likely to augment the market.

On the other hand, stringent rules imposed regarding the usage of rendered products can hamper the expansion of the market. However, the growing application of beef fat in the production of tallow, along with aforementioned causes are likely to counter obstructing causes and aid in boosting the market.

Key Players

Eminent players of the global rendered products market are JBS USA Holdings Inc. (U.S.), Tyson Foods Inc. (U.S.), Valley Proteins Inc (U.S.), West Coast Reduction Ltd. (Canada), National Renderers Association (U.S.), Smithfield Foods Inc. (U.S.), and SOLEVAL. (France).

Market Segmentation

The segmental analysis of the global rendered products market is done by category, sources, and application.

The category-based segments of the global rendered products market are food grade, feed grade, and industrial grade. Among all, the feed grade segment is predicted to lead the global market during the assessment period.

The sources-based segments of the global rendered products market are beef, pork, sheep, poultry, and others. Among all segments, the beef segment is anticipated to dominate the market during the review period owing to its growing application in various end-user sectors.

The application-based segments of the global rendered products market are cosmetics, biofuel, animal feed, fertilizers, food industry, and others. Among all, the animal feed segment is expected to dominate the global market during the review period.

Regional Analysis

Based on the region, the global rendered products market overview is segmented into North America, Europe, Asia-Pacific, and the Middle East & Africa,

The regional segmentation of the global market for rendered products is anticipated to be dominated by North America. The regional market is expected to be led by the U.S. owing to the rising demand for beef in the various end-user sectors. Furthermore, the growing requirement for by-products in pet feed is anticipated to be another cause that can drive the regional market in the review period.

Europe is expected to acquire a second position in the global market during the review period owing to the rising demand for animal by-products in various end-user sectors. The U.K. is anticipated to make a notable contribution in the forecast period owing to the expansion of the meat processing industry.

The APAC region is projected to acquire a considerable market share during the forecast period owing to the presence of emerging countries like India and China, who are expanding their F&B sector to meet various demands of the growing population. Besides, the expansion of the meat processing industry in the region can augment the regional market significantly in the review period.

The MEA is anticipated to show steady growth during the review period. The presence of various lucrative opportunities to expand the market in the forthcoming period.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

Comments

Post a Comment

Popular posts from this blog

RTD Beverages Market Outlook: Competitor, Regional Revenue, and Forecast 2032

Image
  RTD Beverages Market Scope The RTD beverages market will touch around USD 47.357 billion by 2030, recording a CAGR 5.40% between 2023 and 2032, reveals Market Research Future (MRFR). Growth Boosters and Challenges Ready to drink beverages have gained massive demand worldwide, particularly among millennials. The demand is especially high for RTD juices, nectars, and smoothies, in line with the emerging trend of a healthier lifestyle among consumers. The mass across the globe is growing aware of the different beverages and food they consume and carry out comparisons of the products to gain the benefits. Surging consumer awareness, a heightened number of informed consumers with clearer expectations, and their willingness to buy healthy goods can enhance the RTD beverages market outlook in the years ahead. Additionally, mounting awareness level about the toxic impact of alcohol consumption among the consumers is compelling them to go for RTD non-alcoholic beverages instead of ...
Read more

Organic Soybean Market Share, Top Competitor, Regional Portfolio, and Forecast 2030

Image
Organic Soybean Market Overview The Organic Soybean Market has observed continued demand during the last few years and is projected to reach USD 3.433 billion at a CAGR of 12.56 % by 2030. Market Dynamics Vegan lifestyles are becoming more popular in many parts of the world. The good marketing done around the consumption of organic food and non-food items has contributed to the growth of veganism. Furthermore, there is little disagreement regarding the importance of eating organic foods for people who desire to live a greener lifestyle. As a result of the retaliation for animal cruelty, numerous people have become interested in becoming vegans. In the years ahead, the worldwide organic soybean market share is expected to grow by a significant amount. The demand for organic soybeans in the worldwide market is expected to rise in the coming years. The use of this type of soybean in the development of new recipes and cuisines has produced a huge market demand. The culinary sector has pro...
Read more

Europe Herbal Cigarettes Market Outlook with Investment, Gross Margin, and Forecast 2032

Image
Herbal Cigarettes Market Overview Herbal Cigarettes market Size Anticipated to Reach at a CAGR of 5.90% By 2023 – 2032 The herbal cigarettes market in Europe is growing steadily, driven by stringent anti-smoking regulations and a high level of health consciousness among consumers. Countries like the UK, Germany, and France are leading the demand for herbal cigarettes, as more people seek alternatives to traditional tobacco products. Herbal cigarettes, free from nicotine and tobacco, offer a perceived healthier option, appealing to both smokers looking to quit and those seeking a less harmful social smoking experience. The market features a wide array of products made from ingredients such as hemp, green tea, and various herbs, with popular flavors including menthol, clove, and other exotic blends. The European market benefits from a strong trend towards organic and natural products, with consumers increasingly prioritizing health and wellness. Both online and offline distribution chan...
Read more