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Report
Global Animal Fat Market Report and Forecast 2023-2028
Market Report I 2023-03-07 I 128 Pages I EMR Inc.
Global Animal Fat Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global animal fat market reached a volume of 16.2 KMT in 2022. Aided by the increased demand for animal fat in various applications, including food and beverages, personal care products, and biofuels, the market is projected to grow at a CAGR of 2.1% between 2023 and 2028, reaching a volume of 18.1 KMT by 2028.
Animal fats are made from a variety of animal sources, including beef, pork, and chicken, and are a staple in cuisines all over the world. They also play vital part in the food and beverage sector and play an important role in the manufacturing of personal care products, pharmaceuticals, and biofuels. Factors increasing the global animal fat market share include changing consumer preferences, population growth, and technological advancements in the production and processing of animal fats.
The rise in demand for processed and convenience foods has resulted in an increased consumption of animal fats across the globe. Moreover, the growth of the fast-food industry and the expansion of supermarket chains have further propelled the market growth. Animal fats are known to provide numerous health benefits, such as enhancing brain function, supporting hormone production, and improving cardiovascular health. As a result, the growing health-conscious consumer base seeking natural and nutrient-dense alternatives has contributed to the development of the global animal fat market.
The Asia Pacific region is currently leading the global animal fat market, with countries like China, India, and Japan being the largest consumers. Rapid urbanisation, increased disposable income, and a shift in food habits are the primary drivers behind the market growth in this region. Consumers in the region are increasingly adopting traditional diets that incorporate animal fats, which are known for their rich flavour profiles and nutritional benefits. Additionally, the strong demand for animal fat in the cosmetics and personal care industry, as well as the biofuel sector, is driving the animal fat market growth in the Asia Pacific region.
Technological advancements in animal fat processing, such as enzymatic and membrane technologies, are leading to improved extraction methods and higher-quality products. These innovations allow for better yield, reduced waste, and more efficient use of resources. Additionally, the growing interest in renewable energy sources has led to increased demand for animal fats as a feedstock for biodiesel production. This shift towards biofuels has provided an additional revenue stream for animal fat producers and is expected to boost the animal fat market growth.
Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
- Tallow/Grease
- Lard
- Others
Market Breakup by Application
- Biodiesel
- Animal Feed
- Oleochemical
- Pet Food
- Food Applications
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global animal fat companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- SARIA SE & Co. KG
- Darling Ingredients Inc.
- Ten Kate Vetten BV
- Baker Commodities Inc.
- Jacob Stern & Sons Tallow
- Tallow Products Pty Ltd
- Australian Tallow Producers
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Fats and Oils Overview
8.1 Key Industry Highlights
8.2 Global Fats and Oils Historical Market (2018-2022)
8.3 Global Fats and Oils Market Forecast (2023-2028)
8.4 Global Fats and Oils Market by Category
8.4.1 Plant Based
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Animal Based
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
9 Global Animal Fat Market Analysis
9.1 Key Industry Highlights
9.2 Global Animal Fat Historical Market (2018-2022)
9.3 Global Animal Fat Market Forecast (2023-2028)
9.4 Global Animal Fat Market by Type
9.4.1 Tallow/Grease
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Lard
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Others
9.5 Global Animal Fat Market by Application
9.5.1 Biodiesel
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Animal Feed
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.5.3 Oleochemical
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2022)
9.5.3.3 Forecast Trend (2023-2028)
9.5.4 Pet Food
9.5.4.1 Market Share
9.5.4.2 Historical Trend (2018-2022)
9.5.4.3 Forecast Trend (2023-2028)
9.5.5 Food Applications
9.5.5.1 Market Share
9.5.5.2 Historical Trend (2018-2022)
9.5.5.3 Forecast Trend (2023-2028)
9.5.6 Others
9.6 Global Animal Fat Market by Region
9.6.1 Market Share
9.6.1.1 North America
9.6.1.2 Europe
9.6.1.3 Asia Pacific
9.6.1.4 Latin America
9.6.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Country
10.2.3.1 Germany
10.2.3.2 Russia
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Oceania
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.5.3 Breakup by Country
10.5.3.1 Iran
10.5.3.2 South Africa
10.5.3.3 Egypt
10.5.3.4 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter's Five Forces Analysis
11.2.1 Supplier's Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code - 151610)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Price Analysis
14.1 Tallow Historical Price Trends (2018-2022) and Forecast (2023-2028)
14.1.1 North America
14.1.2 Europe
14.1.3 Asia Pacific
14.1.4 Latin America
14.1.5 Middle East and Africa
14.2 Lard Historical Price Trends (2018-2022) and Forecast (2023-2028)
14.2.1 North America
14.2.2 Europe
14.2.3 Asia Pacific
14.2.4 Latin America
14.2.5 Middle East and Africa
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 SARIA SE & Co. KG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Darling Ingredients Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Ten Kate Vetten BV
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Baker Commodities Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Jacob Stern & Sons Tallow
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Tallow Products Pty Ltd
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Australian Tallow Producers
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Industry Events and Developments
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