Animal Fats and Oils Market

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


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Source
Market Snapshot, By Product Type
Market Snapshot, By Application
Market Snapshot, By Grade/Quality
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Changing consumer eating patterns and a growing demand for processed foods
Greater consumer knowledge of superior trans-fat alternatives
Restraints
Strict government regulations and growing environmental concerns
Opportunities
Market players focused on strengthening their presence in the market through expansions, acquisitions, and product innovations
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Animal Fats and Oils Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Animal Fats and Oils Market , By Source, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Bovine (beef) fats and oils
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Poultry fats and oils
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Pork fats and oils
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Fish fats and oils
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Other animal fats and oils (such as lamb, goat, and horse)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
6. Global Animal Fats and Oils Market , By Product Type, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018– 2030
Segment Trends
Tallow
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Edible Tallow
Industrial Tallow
Lard
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Edible Lard
Industrial Lard
Poultry Fat
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Edible Poultry Fat
Industrial Poultry Fat
Fish Oil
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Cod Liver Oil
Salmon Oil
Tuna Oil
Others (sardine oil, anchovy oil, etc.)
Butterfat
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Anhydrous Butterfat
Butter Oil
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Goat Fat
Horse Fat
Lamb Fat
Deer Fat
7. Global Animal Fats and Oils Market , By Application, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018– 2030
Segment Trends
Food Industry
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Cooking Oils
Margarine and Shortening
Confectionery
Flavorings and Seasonings
Industrial Uses
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Biodiesel Production
Soap and Detergent Manufacturing
Cosmetics and Personal Care Products
Lubricants and Greases
Animal Feed
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Pet Food
Livestock Feed
Pharmaceuticals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Excipients
Softgel Capsules
Injectable Formulations
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Leather Processing
Candle Making
Biochemicals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
8. Global Animal Fats and Oils Market , By Grade/Quality, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018– 2030
Segment Trends
Prime/High-Quality Grade
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Premium Grade
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Standard Grade
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
9. Global Animal Fats and Oils Market , By Region, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2018–2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Source, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Grade/Quality, 2018-2030,(US$ Bn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Source, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Grade/Quality, 2018-2030,(US$ Bn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Source, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Grade/Quality, 2018-2030,(US$ Bn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Source, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Grade/Quality, 2018-2030,(US$ Bn)
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Source, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Grade/Quality, 2018-2030,(US$ Bn)
10. Competitive Landscape
Bunge Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Archer Daniels Midland Company
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Cargill, Incorporated
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Wilmar International Limited
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Tyson Foods, Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
JBS S.A.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Darling Ingredients Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
IOI Corporation Berhad
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Ventura Foods, LLC
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
BRF S.A.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views
11. Section
Research Methodology
About us
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