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.
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:
- Associated British Foods
- ADM
- Bunge
- Wilmar International
- Cargill
- Conagra Foods
- IFFCO
- Unilever
- Ajinomoto
- Associated British Foods
Highlights of The Animal Fat Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Butter
- Tallow
- Lard
- Others
- By Application:
- Food
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- 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