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The global market for rendered poultry products is poised for growth, with expectations to rise from $6.47 billion in 2022 to $6.72 billion in 2023, showcasing a healthy compound annual growth rate (CAGR) of 3.73%. In this blog, we’ll delve into the driving factors behind this expansion and explore the noteworthy trend of increasing investments in rendered poultry products by industry leaders.

Fueling Growth: The Surge in Meat Production

• The heart of the rendered poultry products market’s growth story lies in the escalating worldwide meat production.
• Meat production encompasses the entire process, from animal husbandry to slaughter, and meat processing, ensuring the supply of meat for human consumption.
• Rendered poultry products play a pivotal role in adding value to meat production by utilizing poultry byproducts, reducing waste, and efficiently combining poultry with other meat products such as beef, chicken, and pork.

Charting the Growth in Meat Production

• In April 2023, the Foreign Agricultural Service reported that global chicken meat production increased from 101.2 million tons in 2021 to 102 million tons in 2022.
• Moreover, global beef and veal production also saw an upturn, rising from 58.4 million tons in 2021 to 59.3 million tons in 2022.
• The Food and Agriculture Organization further predicts a significant increase in global meat production by 2030, expected to reach 373 million tons.

Key Players in the Market

• The rendered poultry products market is home to major players who have a significant impact on the industry’s direction.
• Industry leaders such as Cargill Inc., JBS USA Holdings Inc., and Tyson Foods Inc. play a pivotal role in shaping market trends and innovations.
• These companies are at the forefront of investments and innovations, ensuring the industry remains at the forefront of technological advancements.

Innovation Takes Center Stage

• A key trend in the rendered poultry products market is the increasing investment in innovation.
• Major industry players are allocating substantial resources to foster innovation in rendered poultry products, sustaining their market positions.

Innovation in Action

• For instance, in April 2022, Tyson Foods Inc. invested $208 million in a rendering facility, the Hanceville rendering plant.
• This investment amplifies food output, economizes energy consumption, and provides a concentrated protein source for animal feed and pet food.
• The Hanceville rendering plant significantly contributes to Alabama’s agricultural industry and provides poultry processing for neighboring states.

Unveiling Market Segmentation

The global rendered poultry products market offers a nuanced view of its diverse applications:

1. By Type
   • Poultry Fat
   • Grease
   • Protein Meal
   • Other Types
2. By Grade
   • Food Grade
   • Feed Grade
   • Industrial Grade
3. By Application
   • Food Industry
   • Medical Industry
   • Other Applications

North America Leads the Way

• North America emerged as the dominant region in the rendered poultry products market in 2022.
• The presence of industry giants in this region has significantly influenced the market’s trajectory.

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The Rendered Poultry Products Global Market Report 2023  provides an overview of the rendered poultry products market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The rendered poultry products market forecast analyzes rendered poultry products market size, rendered poultry products market share, leading competitor and their market positions.

The Table Of Content For The Rendered Poultry Products Market Include:
1. Rendered Poultry Products Market Executive Summary
2. Rendered Poultry Products Market Segments
3. Rendered Poultry Products Market Size And Rendered Poultry Products Market Growth Rate
4. Key Rendered Poultry Products Market Trends
5. Major Rendered Poultry Products Market Drivers
……
25. Key Mergers And Acquisitions In The Rendered Poultry Products Market
26. Top Rendered Poultry Products Companies
27. Rendered Poultry Products Market Opportunities And Strategies
28. Rendered Poultry Products Market, Conclusions And Recommendations
29. Appendix

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