Global Edible Animal Fat Market - Trends & Forecast, 2017-2023

Report Description
Global edible animal fats market holds huge opportunity due to increasing popularity of lard and tallow as main ingredient for bakery and confectionery products. New varieties and product development especially in food and personal care industry have attracted more consumers towards the edible animal fats and its sale surged globally. U.S., Germany, China, Australia and Brazil are amongst the countries holding a major share in the Edible animal fats market. Increasing application of edible animal fat in bio-diesel and animal feed is supporting the growth of the market since last few years.
Global edible animal fats market has witnessed significant growth in recent years and it is projected to reach 26,317 kilo tons by the year 2023 with CAGR of 2.77%. Asia pacific region will hold major market share in the year 2017 and will witness higher growth rate of 3.24% during the forecast period 2017 to 2023. North America is projected to witness a high growth rate (~2.34%) during the forecast period 2017-2023. Lower price of edible animal fat and rising application in bakery and confectionery industries has increased the sale of edible animal fat on the global level. Diverse application of edible animal fat in food as well as chemical industries has been playing a key role in the growth of the global edible animal fat market from last few years.
On the basis of raw material, tallow will witness a growth at the rate of (~1.64%). By 2023, tallow market is expected to reach a market value of more than USD 6 billion on the global level. High demand for clean fuel (biofuel) and application of tallow as an industrial lubricant is found to be having a positive impact in its market share growth. Low cost of production and easy availability are two major reasons influencing growth of tallow, positively.
Based on the form, solid edible animal fat is projected to dominate the market as compared to other forms based on high self-life and convenience storage at room temperature. Additionally, liquid and semi-solid forms are projected to have moderate growth rate during the given forecast period. During the forecast period, solid edible animal fat is estimated to grow with a CAGR of 3.25%.
On the basis of source, share of cattle sourced edible animal fat is likely to dominate the market based on easily available desired product, and consumer’s high preference from cattle based animal fat. Cattle based animal fat is estimated to hold a lion’s share of more than 50% and is projected to have a growth rate of 3.37%. Furthermore, based on the applications of edible animal fat, culinary based application will dominate the market followed by application as bio-diesel.

Key Players
Some of the leading players in the global edible animal fat market are: Darling Ingredients Inc. (U.S.), Ten Kate Holding B.V. (Netherlands), Baker Commodities Inc. (U.S.), Saria Se & Co. KG (Germany), Cargill, Incorporated (U.S.), Colyer Fehr Tallow Pty Ltd. (Australia), York Foods Pty Ltd (Australia)
Study Objectives of Edible Animal Fat Market Forecast till 2023
• Detailed analysis for individual micro and macro markets for edible animal fat
• To estimate market size by type, form, source, application and region
• To understand the supply and demand dynamics of edible animal fat
• To provide region level market analysis and future outlook for the U.S., France, Germany, China, and others
• Company profiling of major players and competitive positioning for the edible animal fat market
• Value chain analysis and supply chain analysis of edible animal fat
• Analysis of historical market trends and technologies, and current government regulatory requirements related to edible animal fat market
Target Audience
• Edible animal fat manufacturers
• Bio-fuel manufacturers
• Food processing industries
• Retailers and wholesalers
• Traders, importers and exporters





Key Findings
• Global edible animal fat market is projected to reach USD 19,482 million by 2023 at a growth rate of 2.93%
• Lard will experience a high growth at a rate of 2.70% during the given forecast period
• Solid form of edible animal fat will witness the highest growth at a rate of 3.25% based on the convenience storage property
• Pig sourced edible animal fat is projected to witness a moderate growth rate during the given period
• Application of edible animal fat as Bio-diesel is projected to have the highest growth rate of 3.10%
Regional and Country Analysis of Edible Animal Fat market Development and the Demand Forecast till 2023 Market
As per the MRFR analysis, the global market for edible animal fat has been witnessing continued demand during the last few years and is projected to reach more than 25,000 kilotons globally by 2023. In terms of value and volume both, Asia Pacific region is estimated to dominate the edible animal fat market holding the lion’s share of more than 40%. Also, North America will hold the second largest share in the global edible animal fat market and is projected to grow at a rate of 2.34%
The reports also cover country level analysis:
• North America
o US
o Canada
o Mexico

• Europe
o Germany
o France
o Italy
o Spain
o U.K.
o Rest of Europe
• Asia Pacific
o China
o India
o Australia
o New Zealand
o Rest of APAC

• RoW
o Brazil
o Argentina
o South Africa
o Others



DC Description-
Edible animal fat, animal fat, fish oil, tallow fat, animal tallow, edible lard, saturated edible animal fat, beef tallow, beef lard, tallow lard, trans fat foods, rendered animal fat

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