Table scraps: Falling feed prices have hindered industry revenue growth

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...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

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
  • Industry Report - Industry SWOT Analysis Chapter

    The Rendering and Meat Byproduct Processing industry is in the mature phase of its life cycle. Over the 10 years to 2022, the industry's contribution to the economy, measured by industry value added (IVA), is forecast to grow at an annualized rate of 1.4%. Over the same period, domestic GDP is estimated to grow at an average annual rate of 2.1%. Industry growth has come as a result of heightened demand from animal food production, however, large drops in the price of animal feed stifled revenue and caused declines throughout the period.Over the 10 years to 2022, the number of industry enterprises is estimated to stagnate to total 262 companies. Growth in the number of enterprises is estimated to stagnate because of the high barriers to enter into the industry. For...purchase to read more.

    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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    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
    Darling Ingredients Inc., Tyson Foods Inc.,
  • Table: Darling Ingredients Inc. - financial performance
  • Table: Tyson Foods Inc. - financial performance

  • 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
    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
  • 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.
  • What Our Customers Say

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    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
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    • 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

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