Table scraps: Falling feed prices have hindered industry revenue growth

IBISWorld’s industry research report on Rendering & Meat Byproduct Processing can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.


Industry Threats & Opportunities

  • High demand from downstream markets helped the industry maintain revenue growth
  • Exports have been volatile because of the discovery of diseases related to meat byproducts
  • Industry products will increasingly be used for biodiesel production

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Key Buyers Chapter

    The Rendering and Meat Byproduct Processing industry is estimated to have a medium to high level of concentration, with the top three companies account for about 60.8% of the industry's market share. Market share concentration has increased over the five years to 2017 as a result of acquisitions over the period. For example, Concentration increased significantly between 2013 and 2014, when Darling Ingredients Inc. purchased Rothsay, a division of Maple Leaf Foods in Canada and the VION Ingredients business division of the Dutch LLC VION N.V. These acquisitions occurred in the fourth and first quarter of 2013 and 2014 respectively, and as a result increased Darling's market share concentration by almost double. Alt..

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    Additional Insights for the Rendering & Meat Byproduct Processing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Rendering & Meat Byproduct Processing Industry are

  • Automation - reduces costs, particularly those associated with labor
  • Market research and understanding
  • Supply contracts in place for key inputs
  • IBISWorld analysts also discuss how external factors such as Demand from animal food production and Price of feed in the Rendering & Meat Byproduct Processing industry impact industry performance..

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    Industry Products

    What is the Rendering & Meat Byproduct Processing Industry?

    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).

    Industry Products
    Animal and marine feed, and fertilizer byproducts
    Lard, inedible tallow and other grease
    Meat and bone meal
    Industry Activities
    Rendering and processing animal feed
    Rendering and processing marine feed
    Rendering and processing fertilizer byproducts
    Rendering and processing lard, inedible tallow and other greases
    Rendering and processing bone meal

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from animal food production
  • Price of feed
  • Industrial production index
  • Trade-weighted index

  • Current Performance
  • Animal Feed
  • Trade
  • Workforce
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream Markets
  • Trade
  • Higher Regulation
  • Table: Rendering & Meat Byproduct Processing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Rendering & Meat Byproduct Processing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Animal Food Production
  • Leather Good & Luggage Manufacturing
  • Lubricant Oil Manufacturing
  • Soap & Cleaning Compound Manufacturing
  • Cosmetic & Beauty Products Manufacturing
  • Explosives Manufacturing

  • Key Selling Industries
  • Beef Cattle Production
  • Chicken & Turkey Meat Production
  • Hog & Pig Farming
  • Sheep Farming

  • Products & Services
  • Animal and marine feed, and fertilizer byproducts
  • Lard, inedible tallow and other grease
  • Meat and bone meal
  • Other
  • Chart: Rendering & Meat Byproduct Processing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Animal feed manufacturers
  • Exports
  • Pet food producers
  • Biodiesel producers
  • Other
  • Chart: Major Market Segmentation for the Rendering & Meat Byproduct Processing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Rendering & Meat Byproduct Processing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Rendering & Meat Byproduct Processing Industry

  • Industry Globalization
    Major Companies
    Darling Ingredients Inc.Tyson Foods Inc.
  • Table: Darling Ingredients Inc. - financial performance
  • Table: Tyson Foods Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Rendering & Meat Byproduct Processing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Rendering & Meat Byproduct Processing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Demand from animal food production (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • A diesel fuel made from animal fat or vegetable oil.
  • Bone Meal
  • A mixture of finely and coarsely ground animal bones and other animal waste products used as organic fertilizer or as a nutritional supplement for animals.
  • Rendering
  • The processing of animal products into more useful materials.
  • Tallow
  • A hard and fatty tissue from animals.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Rendering & Meat Byproduct Processing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Rendering & Meat Byproduct Processing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Rendering & Meat Byproduct Processing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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