Beefing Up: Stable Commodity Prices Will Likely Bode Well for the Industry's Downstream Supply Chain
Meat byproduct renderers have benefited from surging prices for key inputs driven by crop shortages. Supply chain issues and heightened demand amid rising production in the post-pandemic years made the price of feed expensive, which in turn boosted the price of meat products. Renderers have upped their prices to pass these increases downstream, which lifted profit. Imports skyrocketed during the same period, but strong demand kept the industry on an upward trajectory. Industry-wide revenue has been growing at a CAGR of 5.6% to $7.3 billion over the five years to 2023, including an estimated 6.5% decline in 2023 alone.
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 and Cooking Oil Processing industry report (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's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Tyson Foods Inc.
- Darling Ingredients Inc.
- Baker Commodities Inc.
Methodology
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