Agricoltura
Improvements in Economics of Processing Equip Producers in Feather Meal Market With New Revenue Streams Across Applications, Market to Clock CAGR of 8.6% During 2020 - 2030: TMR
ALBANY, N.Y. , June 21, 2021 /PRNewswire/ -- Feather meal has grabbed the attention of agriculture and feed industry for being an underutilized source of protein for organic fertilizers and ruminants, respectively. It is a key waste material generated from poultry production. Opportunities in the feather meal market have grown preceded by advances in poultry production and processing. As a result, digestibility of feather meal, both as a feed and fertilizer, in ruminants and soil organisms has improved steadily over the years. Together with this, business interest in utilizing nutrient content of hydrolysed feather meal has gained a unique impetus, opening new investment avenues. The cost implications are strongly controlled across the value chain, which leads to feather meal becoming economically viable to end-use industries. This further imparts a striking growth momentum to the feather meal market.
With aforementioned trends to remain attractive in the foreseeable future, it is not hard to see why the market will clock a promising CAGR of 8.6% from 2020 – 2030, as projected by the market analysts.
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Companies are primarily looking for a steady revenues streams by adopting advanced bioconversion technologies in unveiling value-added products. Top players are likely to greatly leverage the e-Commerce channels to sustain the bottom-line of their businesses. This is commensurate with the trend that e-Commerce websites will emerge as a crucial platform to propel sales in post-Covid world. Several players look toward consolidating their position by strengthening or expanding their logistics. Some key players have expanded their presence in new geographies, making a shift from developed world to developing countries.
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