What is the global market size of Rendered Products Market?

Rendered Products Market size was valued at USD 21.10 billion in 2021 and is poised to grow from USD 21.87 billion in 2022 to USD 29.03 billion by 2030, growing at a CAGR of 2.60% during the forecast period (2023-2030).

Rendered Products Market Size, Share, Growth Analysis, By Type(Animal Rendered Products and Vegetable Rendered Products), By Application(Animal Feed, Food and Beverage Industry, and Cosmetics and Personal Care), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Rendered Products Market?

The global rendered products market comprises a diverse range of companies, including both large multinational corporations and smaller regional players. These companies compete based on factors such as product quality, pricing strategies, technological advancements in rendering processes, and the ability to meet specific customer requirements. Additionally, companies focus on research and development activities to explore new applications of rendered products and improve their efficiency. Marketing and distribution strategies also play a crucial role in gaining a competitive edge in this market. 'Darling Ingredients (US)', 'Tyson Foods (US)', 'JBS USA (US)', 'Smithfield Foods (US)', 'Cargill (US)', 'Pilgrim's Pride Corporation (US)', 'Bunge Limited (US)', 'Valero Energy Corporation (US)', 'Baker Commodities (US)', 'West Coast Reduction Ltd. (Canada)', 'National By-Products (US)', 'Allanasons Pvt. Ltd. (India)', 'Hudson Valley Rendering Co., Inc. (US)', 'Tyson Foods Ltd. (UK)', 'Rothsay (Canada)', 'Griffin Industries LLC (US)', 'Eurofins Scientific (Luxembourg)', 'Sanimax (Canada)', 'Proteus (Belgium)', 'Nordfeed (Netherlands)'

Q: What is the key driver of Global Rendered Products Market?

One significant driver in the global rendered products market is the increasing awareness and adoption of sustainable practices. With growing concerns about environmental impact and the need to minimize waste, industries are recognizing the value of utilizing animal by-products through rendering. The sustainable utilization of these by-products aligns with circular economy principles and contributes to resource efficiency. As a result, there is a rising demand for rendered products as a renewable and eco-friendly source of essential nutrients for various sectors.

Q: What is the key market trend for Global Rendered Products Market?

One notable trend in the global rendered products market is the growing demand for sustainable and plant-based alternatives in various industries. As consumers increasingly prioritize ethical and environmentally friendly products, there is a shift towards exploring plant-based sources for proteins and fats traditionally derived from animal rendering. This trend is driven by factors such as concerns over animal welfare, climate change, and health consciousness. Manufacturers are actively developing innovative technologies and processes to extract valuable nutrients from plant-based sources, offering sustainable alternatives to traditional rendered products.

Q: Which region accounted for the largest share in Global Rendered Products Market?

North America dominated the global rendered products market. The region has a well-established and technologically advanced rendering industry. The dominance of North America can be attributed to several factors. Firstly, the region has a significant livestock and meat processing industry, generating a substantial amount of animal by-products that can be rendered. This consistent supply of raw materials provides a competitive advantage to the region.

Report ID: SQMIG30I2251 | Region: Global | Published Date: March, 2024
Pages: 198 | Tables: 61 | Figures: 75

Rendered Products Market News

In May 2023, Maple Leaf Foods acquired Field Roast Grain Meat Co., a leading plant-based protein company, strengthening its position in the plant-based sector.

In April 2023, Impossible Foods announced a $700 million funding round led by Temasek, supporting its research and development efforts and global expansion.

In March 2023, Nestlé acquired Sweet Earth, a plant-based food company known for its vegan meats and frozen meals, further expanding its presence in the plant-based market.

In February 2023, Tyson Foods launched its own plant-based meat brand, called Raised & Rooted, focusing on innovation and sustainability.

In January 2023, Kellogg's invested in Rebellyous Foods, a plant-based meat manufacturer, to support the company's growth and expand its distribution network.

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Rendered Products Market size was valued at USD 21.87 billion in 2022 and is poised to grow from USD 22.44 billion in 2023 to USD 27.55 billion by 2031, growing at a CAGR of 2.60% during the forecast period (2024-2031).

The rendered products market comprises a diverse range of companies, including both large multinational corporations and smaller regional players. These companies compete based on factors such as product quality, pricing strategies, technological advancements in rendering processes, and the ability to meet specific customer requirements. Additionally, companies focus on research and development activities to explore new applications of rendered products and improve their efficiency. Marketing and distribution strategies also play a crucial role in gaining a competitive edge in this market. 'Darling Ingredients (US)', 'Tyson Foods (US)', 'JBS USA (US)', 'Smithfield Foods (US)', 'Cargill (US)', 'Pilgrim's Pride Corporation (US)', 'Bunge Limited (US)', 'Valero Energy Corporation (US)', 'Baker Commodities (US)', 'West Coast Reduction Ltd. (Canada)', 'National By-Products (US)', 'Allanasons Pvt. Ltd. (India)', 'Hudson Valley Rendering Co., Inc. (US)', 'Tyson Foods Ltd. (UK)', 'Rothsay (Canada)', 'Griffin Industries LLC (US)', 'Eurofins Scientific (Luxembourg)', 'Sanimax (Canada)', 'Proteus (Belgium)', 'Nordfeed (Netherlands)'

One significant driver in the rendered products market is the increasing awareness and adoption of sustainable practices. With growing concerns about environmental impact and the need to minimize waste, industries are recognizing the value of utilizing animal by-products through rendering. The sustainable utilization of these by-products aligns with circular economy principles and contributes to resource efficiency. As a result, there is a rising demand for rendered products as a renewable and eco-friendly source of essential nutrients for various sectors.

One notable trend in the rendered products market is the growing demand for sustainable and plant-based alternatives in various industries. As consumers increasingly prioritize ethical and environmentally friendly products, there is a shift towards exploring plant-based sources for proteins and fats traditionally derived from animal rendering. This trend is driven by factors such as concerns over animal welfare, climate change, and health consciousness. Manufacturers are actively developing innovative technologies and processes to extract valuable nutrients from plant-based sources, offering sustainable alternatives to traditional rendered products.

North America dominated the rendered products market. The region has a well-established and technologically advanced rendering industry. The dominance of North America can be attributed to several factors. Firstly, the region has a significant livestock and meat processing industry, generating a substantial amount of animal by-products that can be rendered. This consistent supply of raw materials provides a competitive advantage to the region.

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Rendered Products Market Size, Share, Growth Analysis, By Type(Animal Rendered Products and Vegetable Rendered Products), By Application(Animal Feed, Food and Beverage Industry, and Cosmetics and Personal Care), By Region - Industry Forecast 2024-2031

Rendered Products Market News

Rendered Products Market Report Snapshots

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FAQs

What is the market size of Rendered Products Market?

Who are the key vendors in the Rendered Products Market?

What is the key driver of Rendered Products Market?

What is the key market trend for Rendered Products Market?

Which region accounted for the largest share in Rendered Products Market?

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