Edible Animal Fat Market

Market Overview:

The global edible animal fat market size reached US$ 51.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 68.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028. The thriving food and beverage (F&B) industry, rising consumption of lard-based processed food products, and the growing demand to produce oleochemicals represent some of the key factors driving the market.

Edible animal fats can be consumed by humans without any harm or ill effects. They are solid or semi-solid at room temperature and a rich source of energy, vitamins, and fatty acids for humans. They offer vitamin A, D, E, and K oleic acid, while supporting the ability of the body to use nutrients. They have less carbon footprint compared to other fats and oils, such as palm and vegetable oil, which are grown specifically for their oil content. They assist in facilitating the growth of brain cells, nerves, skin, tissues, and hormones. They are used as a frying agent to enhance the flavor of food. They are also employed in baked food products, such as croissants and pastries, as edible animal fats have a soft consistency and crystalline structure. As they are natural, safe, tasty, sustainable, and easy-to-use, the demand for edible animal fats is rising across the globe.

Edible Animal Fat Market Trends:

At present, there is a rise in the consumption of lard-based processed food products across the globe as they comprise vitamin D and have less saturated fat compared to butter. This, along with the thriving food and beverage (F&B) industry, represents one of the key factors supporting the growth of the market. Moreover, the growing demand for tallow in the soap and detergent industry as it is a high-quality raw material is positively influencing the market. In addition, there is an increase in the demand for edible animal fat to produce oleochemicals that are used in cosmetics, lubricants, and other chemical products around the world. This, coupled with the wide availability of edible animal fats through online and offline distribution channels, is propelling the growth of the market. Besides this, the growing utilization of edible animal fats in meat products, margarine, bakery products, sauces, and soups due to their taste and texture is offering a positive market outlook. Additionally, the rising awareness among the masses about the benefits of consuming edible animal fats is providing lucrative growth opportunities to industry investors. Apart from this, the increasing improvement in cold chain that permit trade of perishable goods, along with the escalating demand for energy-rich high-fat diets, is strengthening the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global edible animal fat market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type, source, and end-user.

Type Insights:

• Butter
• Lard
• Tallow
• Others
   

The report has provided a detailed breakup and analysis of the edible animal fat market based on the type. This includes butter, lard, tallow, and others. According to the report, butter represented the largest segment.

Source Insights:

• Cattle
• Pig
• Others
   

A detailed breakup and analysis of the edible animal fat market based on the source has also been provided in the report. This includes cattle, pig, and others. According to the report, cattle accounted for the largest market share.

End User Insights:

• Food-Industry
• Non-Food Industry
   

A detailed breakup and analysis of the edible animal fat market based on the end user has also been provided in the report. This includes food-industry and non-food industry. According to the report, food-industry accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for edible animal fat. Some of the factors driving the North America edible animal fat market included the growing utilization of animal fat in food and non-food industries, rising demand for tallow and lard, increasing consumption of energy-rich high-fat diets, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global edible animal fat market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Baker Commodities Inc., Cargill Inc., Colyer Fehr Group, Piermen B.V., Saria Limited, Ten Kate Holding B.V., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global edible animal fat market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global edible animal fat market?
• What is the impact of each driver, restraint, and opportunity on the global edible animal fat market?
• What are the key regional markets?
• Which countries represent the most attractive edible animal fat market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the edible animal fat market?
• What is the breakup of the market based on the source?
• Which is the most attractive source in the edible animal fat market?
• What is the breakup of the market based on end user?
• Which is the most attractive end-user in the edible animal fat market?
• What is the competitive structure of the global edible animal fat market?
• Who are the key players/companies in the global edible animal fat market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the edible animal fat market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global edible animal fat market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the edible animal fat industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.