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Asia Pacific and North America to be Among the Significant Regional Markets for Animal Fat
The Asia Pacific region is expected to have the highest animal fat market share due to the growth in consumption of animal fat. An increase in population and growing consumption of lard by the bakery sector, further enhance the global market growth. In emerging regions, such as the Asia Pacific, the demand has been driven by the inclination towards the consumption of lard instead of butter in baked products. China has achieved self-sufficiency in the production of pork and lard. An increase in the consumption of processed foods which utilise lard has bolstered the market for animal fat in the region.
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.
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 (2018-2023)
8.3 Global Fats and Oils Market Forecast (2024-2032)
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 (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Animal Based
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
9 Global Animal Fat Market Analysis
9.1 Key Industry Highlights
9.2 Global Animal Fat Historical Market (2018-2023)
9.3 Global Animal Fat Market Forecast (2024-2032)
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 (2018-2023)
9.4.1.3 Forecast Trend (2024-2032)
9.4.2 Lard
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2023)
9.4.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
9.5.1.3 Forecast Trend (2024-2032)
9.5.2 Animal Feed
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2023)
9.5.2.3 Forecast Trend (2024-2032)
9.5.3 Oleochemical
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2023)
9.5.3.3 Forecast Trend (2024-2032)
9.5.4 Pet Food
9.5.4.1 Market Share
9.5.4.2 Historical Trend (2018-2023)
9.5.4.3 Forecast Trend (2024-2032)
9.5.5 Food Applications
9.5.5.1 Market Share
9.5.5.2 Historical Trend (2018-2023)
9.5.5.3 Forecast Trend (2024-2032)
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 (2018-2023)
10.1.2 Forecast Trend (2024-2032)
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 (2018-2023)
10.2.2 Forecast Trend (2024-2032)
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 (2018-2023)
10.3.2 Forecast Trend (2024-2032)
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 (2018-2023)
10.4.2 Forecast Trend (2024-2032)
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 (2018-2023)
10.5.2 Forecast Trend (2024-2032)
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 (2018-2023) and Forecast (2024-2032)
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 (2018-2023) and Forecast (2024-2032)
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
List of Key Figures and Tables
1. Global Fats and Oils Market: Key Industry Highlights, 2018 and 2032
2. Global Fats and Oils Historical Market: Breakup by Category (MMT), 2018-2023
3. Global Fats and Oils Market Forecast: Breakup by Category (MMT), 2024-2032
4. Global Animal Fat Market: Key Industry Highlights, 2018 and 2032
5. Global Animal Fat Historical Market: Breakup by Type (MMT), 2018-2023
6. Global Animal Fat Market Forecast: Breakup by Type (MMT), 2024-2032
7. Global Animal Fat Historical Market: Breakup by Application (MMT), 2018-2023
8. Global Animal Fat Market Forecast: Breakup by Application (MMT), 2024-2032
9. Global Animal Fat Historical Market: Breakup by Region (MMT), 2018-2023
10. North America Animal Fat Historical Market: Breakup by Country (MMT), 2018-2023
11. North America Animal Fat Market Forecast: Breakup by Country (MMT), 2024-2032
12. Europe Animal Fat Historical Market: Breakup by Country (MMT), 2018-2023
13. Europe Animal Fat Market Forecast: Breakup by Country (MMT), 2024-2032
14. Asia Pacific Animal Fat Historical Market: Breakup by Country (MMT), 2018-2023
15. Asia Pacific Animal Fat Market Forecast: Breakup by Country (MMT), 2024-2032
16. Latin America Animal Fat Historical Market: Breakup by Country (MMT), 2018-2023
17. Latin America Animal Fat Market Forecast: Breakup by Country (MMT), 2024-2032
18. Middle East and Africa Animal Fat Historical Market: Breakup by Country (MMT), 2018-2023
19. Middle East and Africa Animal Fat Market Forecast: Breakup by Country (MMT), 2024-2032
20. Major Importing Countries by Volume
21. Major Exporting Countries by Volume
22. Major Importing Countries by Value
23. Major Exporting Countries by Value
24. North America Historical Price Trends and Forecast 2018-2032
25. Europe Historical Price Trends and Forecast 2018-2032
26. Asia Pacific Historical Price Trends and Forecast 2018-2032
27. Latin America Historical Price Trends and Forecast 2018-2032
28. Middle East and Africa Historical Price Trends and Forecast 2018-2032
29. Global Animal Fat Market Structure
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.
The global animal fat market is being driven by the increasing demand from the foodservice and bakery sector and attained a volume of about 28.64 MMT in 2023. Aided by the rising demand from the application sectors, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 2.70% to reach nearly 36.40 MMT by 2032.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on types, the market can be segmented into tallow/grease, and lard, among others, with tallow/grease accounting for the largest market share. On the basis of application, the industry can be segmented into biodiesel, animal feed, oleochemical, pet food, and food applications, among others. The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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