Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 510.34 million | USD 971.97 million | 8.41% | 2022 |
The global feather meal market size was worth around USD 510.34 million in 2022 and is predicted to grow to around USD 971.97 million by 2030 with a compound annual growth rate (CAGR) of roughly 8.41% between 2023 and 2030.
The report delves deeper into several crucial aspects of the global feather meal industry. It includes a detailed discussion of existing growth factors and restraints. Future growth opportunities and challenges that impact the feather meal market are comprehensively addressed in the report.
Feather meal, also known as hydrolyzed poultry feather meal or hydrolyzed feather meal, is obtained by processing the feathers after slaughtering of poultry. Feathers are a by-product of turkey, broiler, and other processing operations of poultry. Feathers are a rich source of protein known as keratin and can be converted into a valuable meal by moderately grinding them under high pressure and heat. Feather meal has arisen as an important ingredient for ruminant animals. Feather meal is a good alternative for protein sources in aquaculture and livestock diets that has a high percentage of protein to offer.
The global feather meal market is growing at a significant rate. The rise in demand for the feather meal owing to its high protein content, increase in the number of investors for the production of feather meal, and easy availability of feathers for the production of feather meal are the primary factors that are fostering the growth of the global feather meal market. Feathers are been produced in tons by the poultry industry as a waste that is difficult to dispose of as they consist of keratin which is highly resistant to the process of proteolysis due to the presence of disulfide and hydrogen bond. With proper thermochemical treatment, these can be converted into protein-rich feather meal. In addition to livestock and aquaculture feed, the feather meal is an organic fertilizer that can be used as a synthetic liquid fertilizer.
It encourages consistent growth of indoor as well as outdoor plants. The presence of slow-release nitrogen in feather meal increases green vegetation, improves soil structure, and kickstarts compost pile. Thus, there is huge demand from the farmers for feather meal. All these factors are equally contributing to the growth of the global market. Furthermore, an increase in R&D activities related to feather meal to obtain value-added products may create ample opportunities in the growth of the global market over the forecast period. However, lengthy procedures to lower the feather moisture content to make certain about its shelf-life may hinder the growth of the global feather meal market.
Feather Meal Market: Report Scope
Report Attributes | Report Details |
---|---|
Report Name | Feather Meal Market Research Report |
Market Size in 2022 | USD 510.34 Million |
Market Forecast in 2030 | USD 971.97 Million |
Growth Rate | CAGR of 8.41% |
Number of Pages | 210 |
Key Companies Covered | Sanimax Industries Inc., J G Pears and The Environment, BMG Manufacturing Investment Trading Joint Stock Company, Wudi Musen Biological Co., Ltd., Tyson Foods, Inc., West Coast Reduction Ltd, FASA Group, North Country Organics, The Boyer Valley Company, Inc, and Valley Proteins, Inc |
Segments Covered | By Nature, By Crude Protein Content, By Distribution Channel, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The strict lockdown and restriction on trade & transport have hampered every sector of the industry including food processing and agricultural sector. They had to shut down all their processes. The disruption in the supply chain and unavailability of the labor has also hindered the growth of the market. However, the manufacturers are speeding up their processes after the upliftment of lockdown to compensate for the overall loss during the lockdown. Thus, the global feather meal market will witness a steady growth rate post-Covid-19 era.
The global feather meal market is classified by application, nature, crude protein content, distribution channel, and region. Based on the application, the global feather meal market is bifurcated into organic fertilizers and animal feed. Based on nature, the global market is divided into organic and conventional. The crude protein content segment is categorized into 75 to 80%, 80 to 90 %, and more than 90%. Based on the distribution channel, the global market is split into a distributor and direct sales.
Sanimax Industries Inc., J G Pears and The Environment, BMG Manufacturing Investment Trading Joint Stock Company, Wudi Musen Biological Co., Ltd., Tyson Foods, Inc., West Coast Reduction Ltd, FASA Group, North Country Organics, The Boyer Valley Company, Inc, and Valley Proteins, Inc. are the key players in the global feather meal market.
North America accounts for the largest share in the global feather meal market. Factors such as a rise in demand for poultry products, an increase in the use of advanced technologies to obtain value-added products, and major players operating efficiently in this region are the key features that are spurring the growth of the market in this region. The market in Europe is also expected to grow at a significant rate during the forecast period due to the rise in utilization of feathers for feather meal owing to its high protein source which can be an appropriate feed for ruminant animals.
On the other hand, Asia Pacific is estimated to witness growth with the highest CAGR, due to the presence of a large number of poultry & food processing industries, easily available raw material for feather meal, and a rise in demand for organic fertilizers.
The global feather meal market is led by players like:
By Nature
By Crude Protein Content
By Distribution Channel
By Application
Global Feather Meal Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
Feather meal, also known as hydrolyzed poultry feather meal or hydrolyzed feather meal, is obtained by processing the feathers after slaughtering of poultry. Feathers are a by-product of turkey, broiler, and other processing operations of poultry.
The global feather meal market is growing at a significant rate. The rise in demand for the feather meal owing to its high protein content, increase in the number of investors for the production of feather meal, and easy availability of feathers for the production of feather meal are the primary factors that are fostering the growth of the global feather meal market.
global feather meal market size was worth around USD 510.34 million in 2022 and is predicted to grow to around USD 971.97 million by 2030.
The CAGR value of the feather meal market is expected to be around 8.41% during 2023-2030.
North America accounts for the largest share in the global feather meal market. Factors such as a rise in demand for poultry products, an increase in the use of advanced technologies to obtain value-added products, and major players operating efficiently in this region are the key features that are spurring the growth of the market in this region.
Sanimax Industries Inc., J G Pears and The Environment, BMG Manufacturing Investment Trading Joint Stock Company, Wudi Musen Biological Co., Ltd., Tyson Foods, Inc., West Coast Reduction Ltd, FASA Group, North Country Organics, The Boyer Valley Company, Inc, and Valley Proteins, Inc. are the key players in the global feather meal market.
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