Industry Background:
Feather meal is a byproduct of processing poultry that can be obtained by partially grinding feathers under elevated heat and pressure. It is a good alternative for protein sources in aquaculture and livestock diets that has a high percentage of protein to offer. 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 some of the major factors contributing to the growth of the market.This growth is primarily driven by Rise in Demand for the Feather Meal Owing To Its High Protein Content, Easy Availability of Feathers for the Production of Feather Meal and Feather Meal as Alternative to Other Fishmeal.
Globally, a noticeable market trend is evident Trend of Eco-friendly, Organic, and Energy Efficient Products. Major Vendors, such as Tyson Foods, Inc. (United States), Darling Ingredients (United States), Valley Proteins, Inc. (United States), The Boyer Valley Company, Inc. (United States), North Country Organics (United States), Sanimax Industries Inc. (Canada), FASA Group (Brazil), West Coast Reduction Ltd. (Canada), J G Pears and The Environment (United Kingdom) and Wudi Musen Biological Co., Ltd. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Rise in Demand for the Feather Meal Owing To Its High Protein Content
- Easy Availability of Feathers for the Production of Feather Meal
- Feather Meal as Alternative to Other Fishmeal
Market Trend
- Trend of Eco-friendly, Organic, and Energy Efficient Products
Restraints
- Lack of Clinical Evidence about the Digestibility of Feather Meal
Opportunities
Increase in R&D Activities Related To Feather Meal to Obtain Value-Added Products, Growing Opportunities for High-Nitrogen Organic Fertilizers and Growing e-Commerce Platform
Challenges
Low Demand amidst COVID-19 Crisis and Potential Safety Issues
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Technological Trends and Innovations
Regulatory Trends & Policies
Market Maturity Indicators
Market Share Movements
Growth Drivers and Constraints
New Entrants into the Market & Entry/Exit Barriers
Consumer Demographics
Supporting Company Financial and Cash Flow Planning
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Key Decision in Planning and to Further Expand Market Share
Identify Key Business Segments, Market Proposition & Gap Analysis