philippines feather meal market Synopsis
The Philippines feather meal market is expected to reach approximately USD 6 million by 2022 with a CAGR of 12. 1%. Increasing demands from animal feed manufacturers is driving major investments into production facilities thus allowing suppliers easy access to raw materials needed for quality feather meals used primarily as poultry feed supplements due its rich protein content which helps promote healthy skeletal development while providing additional vital nutrients essential during breeding periods throughout the year leading to higher yields per egg produced by farmers globally using these products on their farms.
Drivers of the Market
The Philippines feather meal market`s growth is primarily propelled by the expanding poultry industry. Feather meal, a byproduct of poultry processing, is valued for its high protein and nutrient content, making it a sought-after ingredient in animal feed. As the demand for poultry products and livestock feed rises, the feather meal market benefits from its contribution to sustainable waste management and the circular economy.
Challenges of the Market
Feather meal, a byproduct of poultry processing, faces challenges in finding efficient utilization avenues. Developing a market for feather meal as a valuable ingredient in animal feed or organic fertilizers requires overcoming obstacles related to processing and marketing.
COVID-19 Impact on the Market
The Philippines` feather meal market, a vital component of the animal feed industry, experienced repercussions during the COVID-19 pandemic. With disruptions in the poultry sector and reduced restaurant and hospitality activities, the demand for poultry byproducts like feather meal was affected. The market`s reliance on poultry processing activities made it vulnerable to supply chain interruptions. Despite these challenges, the increased emphasis on sustainable and organic feed ingredients could present opportunities for recovery. As the poultry industry stabilizes and demand for animal products rebounds, the feather meal market is expected to regain its growth trajectory.
Key Players in the Market
San Miguel Foods Inc., Tyson Foods Inc., and Japfa Comfeed Philippines Inc.
Key Highlights of the Report:
- Philippines Feather Meal Market Outlook
- Market Size of Philippines Feather Meal Market, 2024
- Forecast of Philippines Feather Meal Market, 2031
- Historical Data and Forecast of Philippines Feather Meal Revenues & Volume for the Period 2021-2031
- Philippines Feather Meal Market Trend Evolution
- Philippines Feather Meal Market Drivers and Challenges
- Philippines Feather Meal Price Trends
- Philippines Feather Meal Porter's Five Forces
- Philippines Feather Meal Industry Life Cycle
- Historical Data and Forecast of Philippines Feather Meal Market Revenues & Volume By Nature for the Period 2021-2031
- Historical Data and Forecast of Philippines Feather Meal Market Revenues & Volume By Organic for the Period 2021-2031
- Historical Data and Forecast of Philippines Feather Meal Market Revenues & Volume By Conventional for the Period 2021-2031
- Historical Data and Forecast of Philippines Feather Meal Market Revenues & Volume By End-use for the Period 2021-2031
- Historical Data and Forecast of Philippines Feather Meal Market Revenues & Volume By Animal Feed for the Period 2021-2031
- Historical Data and Forecast of Philippines Feather Meal Market Revenues & Volume By Organic Fertilizers for the Period 2021-2031
- Historical Data and Forecast of Philippines Feather Meal Market Revenues & Volume By Distribution Channel for the Period 2021-2031
- Historical Data and Forecast of Philippines Feather Meal Market Revenues & Volume By B2B for the Period 2021-2031
- Historical Data and Forecast of Philippines Feather Meal Market Revenues & Volume By B2C for the Period 2021-2031
- Historical Data and Forecast of Philippines Feather Meal Market Revenues & Volume By Crude Protein Content for the Period 2021-2031
- Historical Data and Forecast of Philippines Feather Meal Market Revenues & Volume By 75-80% for the Period 2021-2031
- Historical Data and Forecast of Philippines Feather Meal Market Revenues & Volume By 80-90% for the Period 2021-2031
- Historical Data and Forecast of Philippines Feather Meal Market Revenues & Volume By More than 90% for the Period 2021-2031
- Philippines Feather Meal Import Export Trade Statistics
- Market Opportunity Assessment By Nature
- Market Opportunity Assessment By End-use
- Market Opportunity Assessment By Distribution Channel
- Market Opportunity Assessment By Crude Protein Content
- Philippines Feather Meal Top Companies Market Share
- Philippines Feather Meal Competitive Benchmarking By Technical and Operational Parameters
- Philippines Feather Meal Company Profiles
- Philippines Feather Meal Key Strategic Recommendations