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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Animal Fat Market Trends
Tallow Expected to Dominate the Market Growth
Tallow is the leading animal fat type and accounts for 4.4% of the global oil and fat production, aiding the animal fat market value. Tallow is being driven by its rising demand from the biodiesel industry, where it accounts for nearly 9% of the biodiesel feedstock. Tallow is followed by lard as a significant type of fat, which accounts for 4.1% of the total oils and fat production. The tallow supply has increased owing to the accelerated growth in the global slaughter rates. The major producers of lard are China, Germany, Brazil, the United States, and Italy, while the major producers of tallow include the United States, Europe, China, Brazil, and Australia.
| CAGR 2024-2032 - Market by | Country |
| India | 3.6% |
| China | 3.0% |
| Canada | 2.8% |
| Mexico | 2.7% |
| UK | 2.5% |
| USA | XX% |
| Germany | XX% |
| France | 2.1% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
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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