Industry Background:
Rendered Products are animal-based by-products, which are manufactured by processing waste animal tissue into stable, usable materials. It is widely used in animal feed products, pet foods, and to make fertilizers. Rendered products are also used to produce liquefied fats, greases, and oils that can be used in cosmetic products. However, it is also emerging as a substitute of fossil fuel for heating and power generation.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Tyson Foods Inc. (United States), Sanimax (Canada), Darling Ingredients (United States), JBS S.A. (Brazil), Valley Proteins Inc. (United States), SARIA Group (Germany), JG Pears (United Kingdom), Allana Group (India), The Leo Group (United Kingdom) and Tonnies Group (Germany) |
According to AMA, the market for Rendered Products is expected to register a CAGR of 6.3% during the forecast period to 2030. This growth is primarily driven by Increasing Demand of Rendered Products in Chemical and Animal Feed Industries.
Globally, a noticeable market trend is evident Growing Development of New Products and Increasing Investment in R&D Activities by the Key Players Major Vendors, such as Tyson Foods Inc. (United States), Sanimax (Canada), Darling Ingredients (United States), JBS S.A. (Brazil), Valley Proteins Inc. (United States), SARIA Group (Germany), JG Pears (United Kingdom), Allana Group (India), The Leo Group (United Kingdom) and Tonnies Group (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In March 2022, SkinKraft Laboratories, India’s first AI-enabled customized beauty and personal care brand, expanded its haircare category with the launch of 2 new product ranges hair oils and hair masks. SkinKraft's Scalp Quench Hairfall Oil is formulated with a blend of nourishing, natural oils that make the hair stronger and shinier from the roots.
In May 2021, Atulya launched a vegan keratin hair care product that has wheat germ oil as one of the main ingredients along with other olive oil, almond oil, and hibiscus oil amongst others.
Influencing Trend:
Growing Development of New Products and Increasing Investment in R&D Activities by the Key Players
Market Growth Drivers:
Increasing Demand of Rendered Products in Chemical and Animal Feed Industries
Challenges:
High Cost of Waste Animal Material
Restraints:
Strict Veterinary Principles to Prevent the Spread of Animal Disease and Zoonoses
Opportunities:
Growing Use of Rendered Products in Power Stations Due to Lower Carbon Footprint
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Rendered Products Market
- Analysis about New Entrants in Rendered Products Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Rendered Products Study Sheds Light on
The Rendered Products Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Rendered Products industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Rendered Products industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.