Animal By-Product Market Report Overview
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global animal by-product market size was USD 25210.03 million in 2022 and market is projected to touch 40817.41 Million by 2031, exhibiting a CAGR of 5.5% during the forecast period.
Animal by-products are portions of an animal that are used for purposes other than human food consumption. These components may consist of bones, feathers, hooves, horns, skin, and other body tissues. Livestock, poultry, fish, and wild game are just a few instances of the sources from which the livestock byproducts can be derived. They are frequently treated to remove beneficial elements such as minerals, proteins, and lipids that are then used in a variety of goods, including pet food, fertilizers, cosmetics, and pharmaceuticals. Industrial uses for some of the byproducts, including lubricants and gasoline, also exist.
A number of factors are driving the market for animal-based byproducts. The first is that there are more animal by-products now since there is a greater need for animal protein, which has increased the production of meat and poultry. In addition, the demand for these goods is being fueled by the usage of by-products in other sectors, including fertilizers, pet food, and cosmetics. A growing interest in discovering alternate uses for the byproducts, such as biofuels and bioplastics, has also been sparked by the circular economy and sustainability trends. It is anticipated that the market for animal waste would expand as businesses look for new uses for these components.
COVID-19 Impact: Restrictions on Travel Led to Delays and Increased Expenses
Global supply networks, including those involving animal waste products, had been disrupted as a result of the epidemic. Transporting the by-products had become challenging due to restrictions on travel and the movement of goods, which led to delays and increased expenses. Due to a drop in consumer expenditure, the pandemic resulted in a decreased demand for the byproducts in some sectors, including cosmetics and leather goods.
Latest Trends
"Production of Superior Protein Hydrolysates for Use as Functional Elements in Various Products"
Market participants in the animal waste sector are constantly coming up with new ideas to create goods and procedures that will satisfy shifting customer needs and environmental requirements. One recent breakthrough is the production of high-quality protein hydrolysates from animal by-products using cutting-edge technologies such as enzymatic hydrolysis and membrane filtering. These hydrolysates are utilized as functional components in pet food, dietary supplements, and food and beverage items.
Animal By-Product Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into meat and bone meal, feather meal, blood meal and animal fats.
- By Application Analysis
Based on application, the market can be divided into animal feed, fertilizer, chemical industry, fuel and others.
Driving Factors
"Growing Emphasis on Sustainability is Increasing the Use of the By-Products as Raw Materials "
Sustainable and environmentally friendly products are becoming increasingly popular among consumers in a variety of industries. The development of sustainable goods such as biofuels, bioplastics, and organic fertilizers can benefit greatly from the use of the byproducts as raw materials. Utilizing animal by-products lessens waste generation, advances the circular economy, and lessens the environmental effect of conventional industrial techniques. Demand for the livestock byproducts in a number of applications is being driven by the growing emphasis on sustainability.
"Rising Demand for Animal Protein and Pet Ownership is Growing the Need for the By-products"
There is a rising need for animal protein, such as meat and dairy products, as a result of the world population's continued growth. The manufacturing of goods including gelatin, collagen, and bone meal is made possible by the use of by-products from animals, which are a crucial component of the meat industry's supply chain. The need for animal by-products in the pet food sector has also been spurred by the expanding trend of pet ownership. To offer vital nutrients and preserve the health of companion animals, animal waste products are processed and added to pet food formulas.
Restraining Factors
"Rising Concerns about Use of Products Derived from Animals is Restricting the Market Expansion"
The stigma attached to the use of the livestock byproducts in some applications is a significant barrier to the animal by-product market growth. Due to ethical and health issues, consumers are becoming more and more concerned about the usage of products derived from animals, especially in food and cosmetics. Concerns regarding the spread of illnesses and the moral ramifications of utilizing substances obtained from animals in products have arisen as a result of the usage of animal wastes in these applications.
Animal By-Product Market Regional Insights
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"Well-established Animal Husbandry Sector is Driving the By-product Market in the Region "
The animal by-product market share is dominated by Asia Pacific for a number of reasons. First off, there is a high demand for products with animal-based proteins such as meat, dairy, and eggs due to the region's vast and expanding population. Animal waste output and consumption in the area have significantly increased as a result. Second, a significant source of by-products can be found in the area's well-established animal husbandry industry. Thirdly, the expansion of the market in the area is being fueled by government programmers that support the use of the livestock by-products in the creation of biofuels and fertilizers. Last but not least, the area's advantageous geographic and climatic characteristics encourage the development of the animal husbandry sector, making it a significant producer and exporter of animal derivatives.
Key Industry Players
"Key Players are Making Investments in R&D to Address the Evolving User Demands"
Players in the livestock by-product business are using a variety of tactics to gain market dominance. To address the evolving customer demand for high-quality by-products, they are making investments in research and development efforts. To make their manufacturing processes more effective, they are also increasing their production capacities and making technology investments. Players in the industry are also concentrating on improving their supply chains and collaborating with suppliers to guarantee a consistent flow of raw materials. To increase their market penetration and clientele, they are also taking part in strategic alliances and acquisitions. Last but not least, they are putting sustainability measures into practice to reduce their environmental impact and satisfy consumer demand for eco-friendly products.
List of Market Players Profiled
- West Coast Reduction (Canada)
- JG Pears (U.K.)
- Sanimax (Canada)
- TerramarChile (Chile)
- ABP Food Group (Ireland)
- Darling Ingredients (U.S.)
- Farol (South Africa)
- Leo Group (China)
Report Coverage
This report covers the animal by-product market. The CAGR expected to be in during the forecast period, and also the USD value in 2022 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 25210.03 Million in 2022 |
Market Size Value By |
US$ 40817.41 Million by 2031 |
Growth Rate |
CAGR of 5.5% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global animal by-product market expected to touch by 2031?
The global animal by-product market is expected to touch USD 40817.41 Million by 2031.
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What CAGR is the animal by-product market expected to exhibit during 2024-2031?
The animal by-product market is expected to exhibit a CAGR of 5.5% over 2024-2031.
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Which are the driving factors of the animal by-product market?
Growing emphasis on sustainability is increasing the use of the by-products as raw materials and rising demand for animal protein and pet ownership is growing the need for the by-products.