The global feather meal market is likely to experience a CAGR of around 8.8%, especially due to the traction gained by the costs of feed ingredients in recent years. Especially, in developing regions such as in Asia and Africa, smallholder dairy or livestock grazing is the common practice, these farmers often fail to achieve their production limit because of their inability to supply adequate feed to their livestock. The high livestock feed cost is limiting them to supply adequate feed. Hence, the potential of using by-products such as feather meal in the compound feed can drastically reduce the feed costs and thereby making enough feedstocks available at a global level.
This product will be delivered within 2 business days.
Feather Meal Market Trends
Feather Meal to Serve as a Economic Viable Alternative for Feed Ingredients
Feather waste from the poultry processing sector can potentially be used as a protein source in the compound feed industry. Improvements in current processing methods that hydrolyze proteins in feathers to make them more digestible for non-ruminant animals have led to the availability of high-quality hydrolyzed feather meal that could be considered as a viable economic alternative for livestock feed ingredients. The feeding value of feather meal can be affected not only by the protein content of it but also by the energy content present in it. Moreover, the feed conversion ratio results from the comparative analysis of the Corn-Soya basal ration, fish meal 5%, and feather meal 5%, clearly reveals that the inclusion of feather meal has resulted at 2.24, while the corn-soya basal ration and fish meal at 2.25 and 2.20 respectively. This, clearly demonstrates the nutritional profiling of feather meal. Furthermore, the increasing costs of feed raw materials and the proportional rise in the supply-demand gap for feed raw materials is likely to accelerate the growth of viable economic alternatives such as feather meal in the years to come.Asia-Pacific to Drive the Feather Meal Market
Asia-Pacific is emerging as a hot spot in the food processing scenario. The huge production of agricultural produce along with the diverse animal resources has made the country one of top food-producing countries in the world. In this regard the poultry and meat processing industry are booming, especially the poultry production and processing, as the growth rate of it is very high. Asia holds the highest poultry population, accounting at 14.6 billion heads in 2018. To guarantee the safety of chicken meat for consumers, an organized processing industry is gradually emerging. Today the modern broiler processing plants have the potential to process 200,000 to 1,000,000 birds per day, therefore tonnage of waste material is also produced. Currently, Feather Meal is an underutilized protein source in the region. Moreover, rising awareness regarding the nutritional benefits of feather meal across the region will play a part in solving the world’s protein needs by producing more animal protein, thereby recreating a price structure.Feather Meal Market Competitor Analysis
The global feather meal market is a very niche market, with various small and medium-sized companies coining a very minimal share in the world. This has resulted in very stiff competition. The development of regional markets and local players in different parts of the world is the major factor for the fragmented nature of the market. Asia-Pacific and North America are the two regions showing maximum competitor activities.Additional benefits of purchasing the report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned
A selection of companies mentioned in this report includes:
- The Boyer Valley Company
- Valley Proteins
- North Country Organics
- Wudi Musen Biological
- Kleingarn Agrarprodukte
- FASA Group
- JG Pears
- K-Pro U.S
Methodology
LOADING...