Edible Animal Fat Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	208 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185630

Best Price Guarantee
Price	from $4,850
Length	208 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185630

Edible Animal Fat Market

Growth Factors of Edible Animal Fat Market

The edible animal fat market size was valued at USD 51.10 billion in 2023, and the market is now projected to grow from USD 53.78 billion in 2024 to USD 75.92 billion by 2032, exhibiting a CAGR of 4.40% during the forecast period of 2024-2032.

The COVID-19 pandemic globally delayed the edible animal fat market growth and slowed the sales rate across all the regions. This signifies a negative change from pre-pandemic trends whereby disruptions in supply chains, changes in customers’ habits and closure of food service outlets have slowed consumption. The market remains challenged by these issues and the trends persist across the food market. Recovery is probably to be rather slow, although the sector will have to evolve to the new conditions.

The increasing focus on the sustainable production of animal fat goods is boosting the edible animal fat market share more as an environmentally friendly option compared to plant-based oils such as palm and coconut oil, which are known to contribute to deforestation and other negative impacts on the environment. Through utilization of animal wastes from meat facilities to produce edible fats such as lard and tallow this comes as a more environmentally friendly approach than methods of extracting plant oils.

Moreover, the Asian population is shifting very quickly from the traditional diet to the Western diet due to increased disposable incomes and industrialization which is promoting animal-derived edible fats. While processed foods and fast food are now famous, fast-food chains are adapting regional cooks and baked products as well as baked goods, which is a key reason behind the utilization of goods such as lard, particularly in the Chinese market. These changes in consumers’ dietary habits are having a positive impact on the sector, as it concerns the animal fats market in the particular region.

Comprehensive Analysis of Edible Animal Fat Market

The edible animal fat market and food & beverages industry has been growing exponentially as it has segments to target. These market expansions effectively offer regional evaluation of supply and demand forces that govern the food processing and processed food market industry. These segmentations are systematically categorized according to the by type, by source, and by application. The type include, butter, tallow, lard, and others. The source include, cattle, pig, and others. At last, the application include, food and non-food.

Asia Pacific has become one of the biggest edible animal fat markets, with an estimated value of USD 13.92 billion in 2021. The increased number of people using butter and lard in cooking as well as the increased production of processed foods and bakery products accounts for this growth. The expansion of new restaurants also increases the consumption of animal fats, its application in producing high-quality animal feed promotes the enhanced use of animal fats in the region.

The main market players heavily influence the healthcare industry by guaranteeing industrial prospectus and regulating market trends. These players include, Ten Kate Vetten B.V. (Netherlands), Sanimax (Canada), Hubberts Industries (Canada), Cargill, Incorporated (U.S.), Sonac (Darling Ingredients Inc.) (U.S.), Bunge Limited (U.S.), York Foods Pty Ltd (Australia), Leo Group Ltd. (U.K.), Boyer Valley Company, LLC. (The Lauridsen Group) (U.S.) and Coast Packing Company (U.S.) are prominent players in the market.

In October 2023, iD Fresh Food, a fresh food brand in India, launched iD Twist and Spread Butterstick. The new product is easy to use and it is small and portable that makes it easy to store and the company has introduced it into the major markets in the country.

Segmentation Table

Global Edible Animal Fat Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 4.40% over 2024 to 2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Type, Source, Application, and Region

By Type - Butter

- Lard

- Tallow

- Others

By Source - Cattle

- Pig

- Others

By Application - Food

- Non-food

By Region - North America (By Type, By Source, By Application & By Country

U.S. (By Type)
Canada (By Type)
Mexico (By Type)

- Europe (By Type, By Application & By Country)

U.K. (By Type)
Germany (By Type)
France (By Type)
Italy (By Type)
Russia (By Type)
Rest of Europe (By Type)

- Asia Pacific (By Type, By Application & By Country)

China (By Type)
India (By Type)
Japan (By Type)
Australia (By Type)
Rest of Asia Pacific (By Type)

- South America (By Type, By Application & By Country)

Brazil (By Type)
Argentina (By Type)
Rest of South America (By Type)

- Middle East & Africa (By Type, By Application, & By Country)

Turkey (By Type)
South Africa (By Type)
Rest of Middle East & Africa (By Type)

Please Note:

1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Overview of the Parent/Related Markets; 4.2. Industry SWOT Analysis; 4.3. Supply Chain Analysis; 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions; 4.5. Qualitative Analysis Related to COVID-19; 4.5.1. Impact of COVID-19 on the Market; 4.5.2. Supply Chain Challenges amidst Pandemic; 4.5.3. Potential Opportunities due to this Global Crisis
5. Global Edible Animal Fat Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. Market Size Estimates and Forecast; 5.2.1. By Type; 5.2.1.1. Butter; 5.2.1.2. Lard; 5.2.1.3. Tallow; 5.2.1.4. Others; 5.2.2. By Source; 5.2.2.1. Cattle; 5.2.2.2. Pig; 5.2.2.3. Others; 5.2.3. By Application; 5.2.3.1. Food; 5.2.3.2. Non-Food; 5.2.4. By Region; 5.2.4.1. North America; 5.2.4.2. Europe; 5.2.4.3. Asia Pacific; 5.2.4.4. South America; 5.2.4.5. Middle East & Africa
6. North America Edible Animal Fat Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. Market Size Estimates and Forecast; 6.2.1. By Type; 6.2.1.1. Butter; 6.2.1.2. Lard; 6.2.1.3. Tallow; 6.2.1.4. Others; 6.2.2. By Source; 6.2.2.1. Cattle; 6.2.2.2. Pig; 6.2.2.3. Others; 6.2.3. By Application; 6.2.3.1. Food; 6.2.3.2. Non-Food; 6.2.4. By Country (Value); 6.2.4.1. U.S.; 6.2.4.1.1. By Type; 6.2.4.1.1.1. Butter; 6.2.4.1.1.2. Lard; 6.2.4.1.1.3. Tallow; 6.2.4.1.1.4. Others; 6.2.4.2. Canada; 6.2.4.2.1. By Type; 6.2.4.2.1.1. Butter; 6.2.4.2.1.2. Lard; 6.2.4.2.1.3. Tallow; 6.2.4.2.1.4. Others; 6.2.4.3. Mexico; 6.2.4.3.1. By Type; 6.2.4.3.1.1. Butter; 6.2.4.3.1.2. Lard; 6.2.4.3.1.3. Tallow; 6.2.4.3.1.4. Others
7. Europe Edible Animal Fat Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. Market Size Estimates and Forecast; 7.2.1. By Type; 7.2.1.1. Butter; 7.2.1.2. Lard; 7.2.1.3. Tallow; 7.2.1.4. Others; 7.2.2. By Source; 7.2.2.1. Cattle; 7.2.2.2. Pig; 7.2.2.3. Others; 7.2.3. By Type; 7.2.3.1. Food; 7.2.3.2. Non-Food; 7.2.4. By Country (Value); 7.2.4.1. France; 7.2.4.1.1. By Type; 7.2.4.1.1.1. Butter; 7.2.4.1.1.2. Lard; 7.2.4.1.1.3. Tallow; 7.2.4.1.1.4. Others; 7.2.4.2. Germany; 7.2.4.2.1. By Type; 7.2.4.2.1.1. Butter; 7.2.4.2.1.2. Lard; 7.2.4.2.1.3. Tallow; 7.2.4.2.1.4. Others; 7.2.4.2.1.5. Others; 7.2.4.3. Italy; 7.2.4.3.1. By Type; 7.2.4.3.1.1. Butter; 7.2.4.3.1.2. Lard; 7.2.4.3.1.3. Tallow; 7.2.4.3.1.4. Others; 7.2.4.4. Russia; 7.2.4.4.1. By Type; 7.2.4.4.1.1. Butter; 7.2.4.4.1.2. Lard; 7.2.4.4.1.3. Tallow; 7.2.4.4.1.4. Others; 7.2.4.5. U.K.; 7.2.4.5.1. By Type; 7.2.4.5.1.1. Butter; 7.2.4.5.1.2. Lard; 7.2.4.5.1.3. Tallow; 7.2.4.5.1.4. Others; 7.2.4.6. Rest of Europe; 7.2.4.6.1. By Type; 7.2.4.6.1.1. Butter; 7.2.4.6.1.2. Lard; 7.2.4.6.1.3. Tallow; 7.2.4.6.1.4. Others
8. Asia Pacific Edible Animal Fat Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. Market Size Estimates and Forecast; 8.2.1. By Type; 8.2.1.1. Butter; 8.2.1.2. Lard; 8.2.1.3. Tallow; 8.2.1.4. Others; 8.2.2. By Source; 8.2.2.1. Cattle; 8.2.2.2. Pig; 8.2.2.3. Others; 8.2.3. By Type; 8.2.3.1. Food; 8.2.3.2. Non-Food; 8.2.3.3. Online Stores; 8.2.3.4. Others; 8.2.4. By Country (Value); 8.2.4.1. China; 8.2.4.1.1. By Type; 8.2.4.1.1.1. Butter; 8.2.4.1.1.2. Lard; 8.2.4.1.1.3. Tallow; 8.2.4.1.1.4. Others; 8.2.4.2. India; 8.2.4.2.1. By Type; 8.2.4.2.1.1. Butter; 8.2.4.2.1.2. Lard; 8.2.4.2.1.3. Tallow; 8.2.4.2.1.4. Others; 8.2.4.3. Japan; 8.2.4.3.1. By Type; 8.2.4.3.1.1. Butter; 8.2.4.3.1.2. Lard; 8.2.4.3.1.3. Tallow; 8.2.4.3.1.4. Others; 8.2.4.4. Australia; 8.2.4.4.1. By Type; 8.2.4.4.1.1. Butter; 8.2.4.4.1.2. Lard; 8.2.4.4.1.3. Tallow; 8.2.4.4.1.4. Others
9. 8.2.4.4.1.5.: 9.1.; 9.1.1.; 9.1.1.1. Rest of Asia Pacific; 9.1.1.1.1. By Type; 9.1.1.1.1.1. Butter; 9.1.1.1.1.2. Lard; 9.1.1.1.1.3. Tallow
10. South America Edible Animal Fat Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. Market Size Estimates and Forecast; 10.2.1. By Type; 10.2.1.1. Butter; 10.2.1.2. Lard; 10.2.1.3. Tallow; 10.2.1.4. Others; 10.2.2. By Source; 10.2.2.1. Cattle; 10.2.2.2. Pig; 10.2.2.3. Others; 10.2.3. By Type; 10.2.3.1. Food; 10.2.3.2. Non-Food; 10.2.4. By Country (Value); 10.2.4.1. Brazil; 10.2.4.1.1. By Type; 10.2.4.1.1.1. Butter; 10.2.4.1.1.2. Lard; 10.2.4.1.1.3. Tallow; 10.2.4.1.1.4. Others; 10.2.4.2. Argentina; 10.2.4.2.1. By Type; 10.2.4.2.1.1. Butter; 10.2.4.2.1.2. Lard; 10.2.4.2.1.3. Tallow; 10.2.4.2.1.4. Others; 10.2.4.3. Rest of South America; 10.2.4.3.1. By Type; 10.2.4.3.1.1. Butter; 10.2.4.3.1.2. Lard; 10.2.4.3.1.3. Tallow; 10.2.4.3.1.4. Others
11. Middle East & Africa Edible Animal Fat Market Analysis, Insights and Forecast, 2019-2032: 11.1. Key Findings / Summary; 11.2. Market Size Estimates and Forecast; 11.2.1. By Type; 11.2.1.1. Butter; 11.2.1.2. Lard; 11.2.1.3. Tallow; 11.2.1.4. Others; 11.2.2. By Source; 11.2.2.1. Cattle; 11.2.2.2. Pig; 11.2.2.3. Others; 11.2.3. By Type; 11.2.3.1. Food; 11.2.3.2. Non-Food; 11.2.4. By Country (Value); 11.2.4.1. South Africa; 11.2.4.1.1. By Type; 11.2.4.1.1.1. Butter; 11.2.4.1.1.2. Lard; 11.2.4.1.1.3. Tallow; 11.2.4.1.1.4. Others; 11.2.4.2. Turkey; 11.2.4.2.1. By Type; 11.2.4.2.1.1. Butter; 11.2.4.2.1.2. Lard; 11.2.4.2.1.3. Tallow; 11.2.4.2.1.4. Others; 11.2.4.3. Rest of Middle East & Africa; 11.2.4.3.1. By Type; 11.2.4.3.1.1. Butter; 11.2.4.3.1.2. Lard; 11.2.4.3.1.3. Tallow; 11.2.4.3.1.4. Others
12. Competitive Matrix: 12.1. Business Strategies Adopted by Leading Players; 12.2. Global Edible Animal Fat Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
13. Company Profiles: 13.1. Ten Kate Vetten B.V.; 13.1.1. Overview; 13.1.2. Description; 13.1.3. Product Portfolio; 13.1.4. Financials (Data as available in public domain and/or on paid databases); 13.1.5. Recent Developments; 13.2. Sanimax; 13.2.1. Overview; 13.2.2. Description; 13.2.3. Product Portfolio; 13.2.4. Financials (Data as available in public domain and/or on paid databases); 13.2.5. Recent Developments; 13.3. Hubberts Industries; 13.3.1. Overview; 13.3.2. Description; 13.3.3. Product Portfolio; 13.3.4. Financials (Data as available in public domain and/or on paid databases); 13.3.5. Recent Developments; 13.4. Cargill, Incorporated; 13.4.1. Overview; 13.4.2. Description; 13.4.3. Product Portfolio; 13.4.4. Financials (Data as available in public domain and/or on paid databases); 13.4.5. Recent Developments; 13.5. Sonac (Darling Ingredients Inc.); 13.5.1. Overview; 13.5.2. Description; 13.5.3. Product Portfolio; 13.5.4. Financials (Data as available in public domain and/or on paid databases); 13.5.5. Recent Developments; 13.6. Bunge Limited; 13.6.1. Overview; 13.6.2. Description; 13.6.3. Product Portfolio; 13.6.4. Financials (Data as available in public domain and/or on paid databases); 13.6.5. Recent Developments; 13.7. York Foods Pty Ltd; 13.7.1. Overview; 13.7.2. Description; 13.7.3. Product Portfolio; 13.7.4. Financials (Data as available in public domain and/or on paid databases); 13.7.5. Recent Developments; 13.8. Leo Group Ltd.; 13.8.1. Overview; 13.8.2. Description; 13.8.3. Product Portfolio; 13.8.4. Financials (Data as available in public domain and/or on paid databases); 13.8.5. Recent Developments; 13.9. Boyer Valley Company, LLC..; 13.9.1. Overview; 13.9.2. Description; 13.9.3. Product Portfolio; 13.9.4. Financials (Data as available in public domain and/or on paid databases); 13.9.5. Recent Developments; 13.10. Coast Packing Company.; 13.10.1. Overview; 13.10.2. Description; 13.10.3. Product Portfolio; 13.10.4. Financials (Data as available in public domain and/or on paid databases); 13.10.5. Recent Developments
14. Appendix