Rendering & Meat Byproduct Processing
The Rendering and Meat Byproduct Processing industry's prospects have fluctuated over the five-year period in line with volatile feed prices and increasing demand from downstream markets. Increased demand from animal production has helped promote industry growth, though considerable drops in the price of feed and other inputs have placed downward pressure on revenue in recent years, causing revenue to decline. The five years to 2022 are expected to present opportunities for growth in emerging markets for the industry. The good news is that animal fats and oils are most often the key ingredient used to produce these renewable energies, bolstering demand over the next five years.
This industry renders animal fat, bones and meat scraps. It does not include companies that blend animal fats with vegetable fats; these companies are classified under the Margarine & Cooking Oil Processing in the US industry report (IBISWorld report 31122).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.