Edible Animal Fat Market Size Sales Revenue, Comprehensive Plans, Growth Potential & Forecast -2030

 


Market Overview

the global edible animal fat market is slated to record a market value of USD 60.4 billion by 2023 and 4.50% CAGR over the review period. 

Market Dynamics

With all of the buzz surrounding protein-rich animal fat, the global market for edible animal fat has seen steady demand and, as a result, increased growth. Increasing global demand for edible animal fat, not only for culinary purposes but also for the manufacturing of bio-diesel, is one of the important drivers driving the market's rise throughout the forecast period. The sale of edible animal fat has expanded globally due to decreasing prices and growing use in the baking and confectionery industries. Because lard and tallow are becoming more popular as primary ingredients in bread and confectionery items, the global edible animal fats industry has a lot of potential. The application of tallow as an industrial lubricant and the high demand for clean fuel (biofuel) have been discovered to have a beneficial impact on its market share increase. Tallow's growth is influenced positively by two primary factors: low manufacturing costs and easy availability. New types and product development, particularly in the culinary and personal care industries, have enticed more customers to ingest edible animal fats, resulting in a global increase in sales. The use of edible animal fat in food and the chemical industry is also propelling the market forward.

Segmentation of the Market

The global Edible Animal Fat Market Overview has been segmented by application, form, raw material, source, and, region.

Animal feed, bakery & confectionery, bio-diesel, culinary, R.T.E foods/convenience meals, savoury snacks, and others are among the market's application-based segmentations (home care products and personal care products).

The use of edible animal fat as bio-diesel is expected to expand at the fastest pace of 3.10 percent. In terms of edible animal fat applications, culinary-based applications are expected to lead the market throughout the projected period, with bio-diesel applications coming in second.

The market is divided into liquid, solid, and semi-solid categories using form-based segmentation. According to the report, the solid form of edible animal fat will develop at the fastest pace of 3.25 percent due to its convenience storing property.

The market has been divided into three categories based on the raw materials used: lard, tallow, and others. Lard is predicted to expand at a high rate of 2.70 percent during the projection period, according to the analysis.

The market has been divided into cattle, pigs, and other sources (fish, goat, poultry, and sheep). During the projected period, pig-sourced edible animal fat is expected to rise at a moderate rate, according to the analysis.

Region Overview

The global Edible Animal Fat Market Size is segmented into four regions: North America, Europe, Asia Pacific, and the rest of the world (RoW).

According to the analysis, the Asia Pacific region would dominate the edible animal fat market with more than 40% market share in both value and volume over the forecast period. The market is estimated to grow at a CAGR of 3.40 percent to USD 8 billion by the end of the forecast period. The Asia-Pacific edible animal fats market is expected to increase in response to rising population and rising fats and oils consumption, particularly in Asian nations such as China and India. The Asia-Pacific region's population growth and expansion of food and non-food businesses demand more fats and oils than other end-use sectors around the world.

North America is expected to increase at a high rate of 2.34 percent throughout the projected period. The United States of America is home to several of the market's major participants (USA). Canada and Mexico are two more key country-specific marketplaces in this region. The market is well-represented in Europe, with France, Germany, Italy, Spain, and the United Kingdom (UK) accounting for the majority of revenue, followed by the rest of Europe. Argentina, Brazil, and South Africa are among the countries in the RoW region that contribute significantly to the market.

Key Players

The key players in the global edible animal fat market include Baker Commodities Inc. (USA), Cargill, Incorporated (USA), Colyer Fehr Tallow Pty Ltd. (Australia), Darling Ingredients Inc. (USA), Saria Se & Co. KG (Germany), Ten Ka te Holding B.V. (Netherlands), and York Foods Pty Ltd (Australia). The key players have been exploring the market in new regions by adopting acquisitions, new product developments, agreements, and certifications as their preferred strategies.

Related Reports:

Organic Coconut Water Market information: by Type (Pure and Mixed), by Packaging Type (Cartons, Bottles, and Others), by Distribution Channel (Store-based and Non-store-based) and by Region (Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa) - Global Forecast till 2027 - https://www.marketresearchfuture.com/reports/organic-coconut-water-market-7563

Rapport d'étude de marché du miel : informations par type (luzerne, fleur sauvage, sarrasin, acacia, trèfle), par application (aliments et boissons, produits de soins personnels, produits pharmaceutiques), emballage (bouteille, pot, tube, tube, pot et autres) - Prévisions jusqu'en 2028 - https://www.marketresearchfuture.com/fr/reports/honey-market-5139

Taille du marché du café infusé à froid, part, analyse de l'industrie Informations par type (arabica, robusta et autres), catégorie (traditionnel et décaféiné), canal de distribution (en magasin et non en magasin) et région (Amérique du Nord, Europe, Asie-Pacifique et reste du monde) - Prévisions jusqu'en 2027 - https://www.marketresearchfuture.com/fr/reports/cold-brew-coffee-market-7818

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Organic Spices Market Overview, Size, Competitive Landscape, Revenue Analysis 2030

Image
  Market Overview The organic spices market is expected to experience a CAGR of 6.7% during the forecast period (2023-2030), increasing from USD 0.9 billion to USD 1.3 billion. The rise in several health-conscious consumers and the increase in awareness regarding the health benefits associated with the consumption of organic spices are the two main factors driving the global organic food & beverages market. North America and Europe are the dominant regions in consuming different types of organic food products. It is attributable to a rise in per-capita income and continuous product evolution from the manufacturers’ side in these regions. Furthermore, some food manufacturers have focused on availing their food products in organic form due to the rise in preferences for organic products.   They are available in different forms as per consumer preferences, i.e., powder, granular, and liquid, further expected to drive the Organic Spices Market Overview . Some non-p...
Read more

Catalyst Fertilizer Market Size, Product Launch, Major Companies, Revenue Analysis, Till 2030

Image
  Catalysts are vital in industrial production, constituting 60% of consumer and industrial products. They enhance chemical processes, boosting efficiency, output, and cost savings. Catalyst development focuses on improving activity, reducing environmental impact, and increasing longevity. The global catalyst fertilizer market is expected to reach $2.8 billion by 2023, growing at a CAGR of 2.56%. Fertilizer catalysts improve plant performance and efficiency while reducing emissions from production. The demand for fertilizer catalysts is rising due to increased production of ammonium and phosphate fertilizers, and innovation in ammonia production to reduce emissions. Market Dynamics MRFR (Market Research Future) claims that the Catalyst Fertilizer Market Size 2020 can accrue a strong valuation of 2,994.38 MILLION by 2030. MRFR’s extensive study also reveals that the market can expand t to burgeon at a rate of 3.2% from 2022 to 2030 (analysis period). We will provide COVID-19 i...
Read more

Fruit and Vegetable Processing Enzymes Market Size, Revenue, Key Players, Growth, Share and Forecast Till 2030

Image
  Market Analysis The market value of Fruit and Vegetable Processing Enzymes is expected to reach USD 75.69 billion by 2030, with a notable growth rate of 7.65% between 2022 and 2030. The global fruit and vegetable enzymes market is predicted to have an impressive growth over the estimated years (2022-2030). Enzymes are a crucial part of fruit & vegetable processing. It helps to increase yield, intensify juice color, shorten production times, clarify fruit juice and firm up fruit. Besides, it also helps in retaining the nutritional value and good flavor, boost the consistency and color of fruit applications, extend shelf life and reduce the danger of microbial spoilage. The extensive utilization of enzymes that are vegetable and fruit derived, found in the powdered or liquid form are used in diverse industries namely dietary supplements, pharmaceuticals, food and beverages and more. It has gained immense popularity amid manufacturers of diverse processed vegetables and frui...
Read more