Animal Fats and Oils Market, By Source (Bovine (beef) fats and oils, Poultry fats and oils, Pork fats and oils, Fish fats and oils, Other animal fats and oils (such as lamb, goat, and horse)), By Product Type (Tallow, Lard, Poultry Fat, Fish Oil, Butterfat:, Others:), By Application (Food Industry, Industrial Uses, Animal Feed, Pharmaceuticals:, Others), By Grade/Quality (Prime/High-Quality Grade, Premium Grade, Standard Grade), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Animal fats and oils are lipids (triacylglycerols) that come from animals, usually as by-products of meat, milk or wool production. They are not raised specifically for their fats and they do not grow in the same way as oilseeds grown for vegetable oil. Like oils, they are a mixture of saturated and unsaturated fats.
The structure of animal fats determines their properties and uses. The majority of the fatty acid chains in animal fats are saturated, but they can contain either short-chain or medium-chain unsaturated fatty acids. These characteristics give them different physical properties, for example the melting point of tallow is higher than that of butter. Their saturated bonds also make animal fats solid at room temperature.
Market Dynamics:
Changing consumer eating patterns and a growing demand for processed foods, rising consumption of processed foods due to rising incomes and the increasing number of working class people are expected to drive growth of the global animal fats and oils market over the forecast period.
Despite these drivers, the global fats and oils market has been facing some challenges, such as strict government regulations and growing environmental concerns. Furthermore, rising obesity and heart disease attributed to excessive consumption of animal fats could hinder the global animal fats and oils market’s expansion in the future.
Key features of the study:
This report provides in-depth analysis of the global animal fats and oils market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global animal fats and oils market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Ajinomoto Co., Inc., Premium Vegetable Oils Sdn Bhd., AAK AB, Conagra Brands, Inc., Richardson International Limited, Bunge Limited, Archer Daniels Midland Company, Cargill, Incorporated, Wilmar International Limited, Tyson Foods, Inc., JBS S.A., Darling Ingredients Inc., IOI Corporation Berhad, Ventura Foods, LLC, BRF S.A., Ajinomoto Co., Inc., Premium Vegetable Oils Sdn Bhd., AAK AB, Conagra Brands, Inc., and Richardson International Limited
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global animal fats and oils market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global animal fats and oils market
Detailed Segmentation:
Global Animal Fats and Oils Market, By Source:
Bovine (beef) fats and oils
Poultry fats and oils
Pork fats and oils
Fish fats and oils
Other animal fats and oils (such as lamb, goat, and horse)
Global Animal Fats and Oils Market, By Product Type:
Tallow:
Edible Tallow
Industrial Tallow
Lard:
Edible Lard
Industrial Lard
Poultry Fat:
Edible Poultry Fat
Industrial Poultry Fat
Fish Oil:
Cod Liver Oil
Salmon Oil
Tuna Oil
Others (sardine oil, anchovy oil, etc.)
Butterfat:
Anhydrous Butterfat
Butter Oil
Others:
Goat Fat
Horse Fat
Lamb Fat
Deer Fat
Global Animal Fats and Oils Market, By Application:
Food Industry:
Cooking Oils
Margarine and Shortening
Confectionery
Flavorings and Seasonings
Industrial Uses:
Biodiesel Production
Soap and Detergent Manufacturing
Cosmetics and Personal Care Products
Lubricants and Greases
Animal Feed:
Pet Food
Livestock Feed
Pharmaceuticals:
Excipients
Softgel Capsules
Injectable Formulations
Others:
Leather Processing
Candle Making
Biochemicals
Global Animal Fats and Oils Market, By Grade/Quality:
Prime/High-Quality Grade
Premium Grade
Standard Grade
Global Animal Fats and Oils Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profile:
Bunge Limited
Archer Daniels Midland Company
Cargill, Incorporated
Wilmar International Limited
Tyson Foods, Inc.
JBS S.A.
Darling Ingredients Inc.
IOI Corporation Berhad
Ventura Foods, LLC
BRF S.A.
Ajinomoto Co., Inc.
Premium Vegetable Oils Sdn Bhd
AAK AB
Conagra Brands, Inc.
Richardson International Limited