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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Animal Fat Market Growth
Increase in Demand from the Foodservice Sector Augmenting the Market Growth
The growth of the animal fat market is being driven by the increase in demand from the foodservice sector and the rising application of lard as bread spreads in the baking industry. Due to the rise in demand from downstream sectors, such as biodiesel, food, oleochemical, and pet food industries, the market for animal fat is witnessing a robust growth. The demand for lard (as a spread for bread) from the German baking sector is growing, further enhancing the market growth. Food companies, especially the bakery sector, obtain lard to be used as a substitute for butter at a volume, which could be anywhere between 500–600 million tonnes on a half-yearly basis.
The animal fat demand is also being augmented by the increase in the demand for tallow, which is used in animal food and biodiesel. Moreover, several key players are striving to maintain their presence by adopting strategies such as collaborations and partnerships to gain a competitive edge over their rivals in the global marketplace. For example, in November 2018, Darling Ingredients Inc. (NYSE: DAR) acquired the Poland-based food grade animal fat processing facility of PPH Conto Ltd in Lubien Kujawski. This will enable Darling Ingredients to expand its service portfolio not only in Poland but across Europe for both customers and suppliers.
Animal Fat Market Report Snapshots
Animal Fat Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global animal fat market reached a volume of nearly 28.64 MMT in 2023.
The market is projected to grow at a CAGR of nearly 2.70% in the forecast period of 2024-2032.
The market is estimated to reach a volume of about 36.40 MMT by 2032.
The major drivers of the market include rising disposable incomes, increasing population, rising demand from the foodservice and bakery sector, and the rising demand from the downstream sectors.
The key trends guiding the market include the rising use of lards as bread spreads, the increasing demand for tallows, and the expansion of animal fat offerings by key players.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The various types of animal fat include tallow/grease and lard, among others.
The product finds wide applications in biodiesel, animal feed, oleochemical, pet food, and food applications, among others.
The leading players in the market are SARIA SE & Co. KG, Darling Ingredients Inc., Ten Kate Vetten BV, Baker Commodities Inc., Jacob Stern & Sons, Tallow Products Pty Ltd, and Australian Tallow Producers, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124