Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Animal Fat Market by Type (Butter, Tallow, Lard, Others), By Application (Food, Industrial, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Animal Fat Market by Type (Butter, Tallow, Lard, Others), By Application (Food, Industrial, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 350747 4200 Consumer Goods 377 236 Pages 4.9 (49)
                                          

Market Overview:


The global animal fat market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for processed food, increasing awareness about the benefits of animal fats, and growing demand for biodiesel. However, stringent regulations on use of animal fats in food products is expected to restrain the growth of this market during the forecast period. On the basis of type, butter accounted for majority share in 2017 and is projected to grow at a CAGR of 5.4% during 2018-2030 owing to its high nutritional value and health benefits over other types of animal fats such as tallow, lard, and others.


Global Animal Fat Industry Outlook


Product Definition:


Animal fat is a type of lipid that is found in meat and dairy products. It is used as an ingredient in many foods, cosmetics, and pharmaceuticals. Animal fat is high in saturated fatty acids, which can increase the risk of heart disease if consumed in large amounts. However, it also contains some unsaturated fatty acids, which may have health benefits.


Butter:


Butter is a dairy product in which the milk fat is liquefied. It has a high demand in various food applications such as bakery, confectionery, and animal fats. The growth of this market can be attributed to growing consumer awareness regarding healthy living and rising disposable income levels coupled with increasing population across the globe.


The global butter market was valued at USD 27 billion in 2012.


Tallow:


Tallow is rendered animal fat, either from beef or sheep. It is used in the food industry as an edible oil and also for the production of soaps, candles, cosmetics & skincare products and even some industrial applications like lubricants. The price of tallow fluctuates greatly owing to factors such as supply-demand imbalance and changes in interest rates.


Application Insights:


The food application segment led the global market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. Rising demand for animal fats, particularly in developing countries such as China, India and Brazil is expected to drive product demand over the coming years. However, supply constraints may arise during peak seasons due to high production levels coupled with increasing consumer preference for low-fat products are likely to impact industry growth negatively.


Industrial applications accounted for a significant share of 21% in 2017 owing to growing use of lard and tallow as fuel sources in various industries including automotive and construction equipment manufacturing. Moreover, increasing consumption of processed meat products along with other foods such as bacon strips has increased the importance of these products within industrial segments which is expected to further propel their demand over the coming years.


Regional Analysis:


North America dominated the global animal fat market in 2017. The region is expected to witness a considerable growth rate of 3.6% over the forecast period, owing to high consumption of meat products and dairy products in the U.S., Canada, and Mexico.


The Asia Pacific regional market accounted for 20% of global revenue share in 2017 due to rapid industrialization coupled with increasing population along with changing lifestyle patterns in emerging economies such as China and India has been fueling product demand across various applications such as pharmaceuticals, cosmetics among others in recent times Asia Pacific has witnessed significant growth on account of expanding application scope coupled with growing consumer awareness regarding health benefits associated animal by-products  China was one among largest consumers accounting for 18%of total consumption followed by Japan which consumed 5%.


Growth Factors:


  • Increasing demand for meat and dairy products due to population growth and rising income levels in developing countries.
  • Growing awareness about the health benefits of animal fat consumption.
  • Rising demand for biofuels, which is boosting the production of animal fats as a feedstock.
  • Technological advancements that are making it easier to produce animal fats from renewable resources such as algae and waste vegetable oils.

Scope Of The Report

Report Attributes

Report Details

Report Title

Animal Fat Market Research Report

By Type

Butter, Tallow, Lard, Others

By Application

Food, Industrial, Others

By Companies

Associated British Foods, ADM, Bunge, Wilmar International, Cargill, Conagra Foods, IFFCO, Unilever, Ajinomoto, Associated British Foods

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

236

Number of Tables & Figures

166

Customization Available

Yes, the report can be customized as per your need.


Global Animal Fat Market Report Segments:

The global Animal Fat market is segmented on the basis of:

Types

Butter, Tallow, Lard, Others

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Food, Industrial, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Associated British Foods
  2. ADM
  3. Bunge
  4. Wilmar International
  5. Cargill
  6. Conagra Foods
  7. IFFCO
  8. Unilever
  9. Ajinomoto
  10. Associated British Foods

Global Animal Fat Market Overview


Highlights of The Animal Fat Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Butter
    2. Tallow
    3. Lard
    4. Others
  1. By Application:

    1. Food
    2. Industrial
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Animal Fat Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Animal Fat Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Animal fat is a type of lipid that comes from animals. It is composed of molecules called fatty acids and has been used as a food source for centuries. Animal fat can be found in meat, dairy products, and eggs.

Some of the major companies in the animal fat market are Associated British Foods, ADM, Bunge, Wilmar International, Cargill, Conagra Foods, IFFCO, Unilever, Ajinomoto, Associated British Foods.

The animal fat market is expected to grow at a compound annual growth rate of 5.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Animal Fat Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Animal Fat Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Animal Fat Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Animal Fat Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Animal Fat Market Size & Forecast, 2020-2028       4.5.1 Animal Fat Market Size and Y-o-Y Growth       4.5.2 Animal Fat Market Absolute $ Opportunity

Chapter 5 Global  Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2  Market Size Forecast by Type
      5.2.1 Butter
      5.2.2 Tallow
      5.2.3 Lard
      5.2.4 Others
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global  Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2  Market Size Forecast by Applications
      6.2.1 Food
      6.2.2 Industrial
      6.2.3 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Animal Fat Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Animal Fat Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America  Analysis and Forecast
   9.1 Introduction
   9.2 North America  Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America  Market Size Forecast by Type
      9.6.1 Butter
      9.6.2 Tallow
      9.6.3 Lard
      9.6.4 Others
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America  Market Size Forecast by Applications
      9.10.1 Food
      9.10.2 Industrial
      9.10.3 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe  Analysis and Forecast
   10.1 Introduction
   10.2 Europe  Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe  Market Size Forecast by Type
      10.6.1 Butter
      10.6.2 Tallow
      10.6.3 Lard
      10.6.4 Others
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe  Market Size Forecast by Applications
      10.10.1 Food
      10.10.2 Industrial
      10.10.3 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific  Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific  Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific  Market Size Forecast by Type
      11.6.1 Butter
      11.6.2 Tallow
      11.6.3 Lard
      11.6.4 Others
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific  Market Size Forecast by Applications
      11.10.1 Food
      11.10.2 Industrial
      11.10.3 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America  Analysis and Forecast
   12.1 Introduction
   12.2 Latin America  Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America  Market Size Forecast by Type
      12.6.1 Butter
      12.6.2 Tallow
      12.6.3 Lard
      12.6.4 Others
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America  Market Size Forecast by Applications
      12.10.1 Food
      12.10.2 Industrial
      12.10.3 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA)  Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA)  Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA)  Market Size Forecast by Type
      13.6.1 Butter
      13.6.2 Tallow
      13.6.3 Lard
      13.6.4 Others
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA)  Market Size Forecast by Applications
      13.10.1 Food
      13.10.2 Industrial
      13.10.3 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Animal Fat Market: Competitive Dashboard
   14.2 Global Animal Fat Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Associated British Foods
      14.3.2 ADM
      14.3.3 Bunge
      14.3.4 Wilmar International
      14.3.5 Cargill
      14.3.6 Conagra Foods
      14.3.7 IFFCO
      14.3.8 Unilever
      14.3.9 Ajinomoto
      14.3.10 Associated British Foods

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