Edible Animal Fat Market Size, Growth Factors, SWOT Analysis, Trends and Forecast 2023-2028

According to the latest report by IMARC Group, titled “Edible Animal Fat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global edible animal fat market size reached US$ 51.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 68.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.

Edible animal fat refers to solid or semi-solid products obtained from animals that have been bred, reared, and processed for humans. Some of the common product types include butter, lard, tallow, etc. Edible animal fat variants are rich sources of energy, vitamins A, D, E, and K, fatty acids, and oleic acid. They have less carbon footprint as compared to other fats and oils, including palm and vegetable oil, which are grown specifically for their oil content. Edible animal fat formulations have a soft consistency and crystalline structure, are natural, tasty, safe for health, sustainable, easy to use, and assist in facilitating the growth of brain cells, skin, nerves, tissues, and hormones. Consequently, they find extensive applications across several sectors, such as food and beverage (F&B), cosmetics, detergent, etc.

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Edible Animal Fat Market Growth and Development:

The rising consumption of lard-based processed food products across the globe, owing to their higher vitamin D and lower saturated fat content, is among the key factors driving the edible animal fat market. Additionally, the increasing use of tallow manufacturing detergents is acting as another significant growth-inducing factor. Besides this, the elevating need for the product to produce oleochemicals that are utilized in cosmetics, lubricants, and other chemical products is also positively influencing the global market. Moreover, the expanding availability of edible animal fats through online channels and the escalating product requirement in margarine, bakery products, sauces, soups, etc., on account of their taste and texture, is further catalyzing the market growth. Apart from this, the growing improvements in the cold chain that permit the trade of perishable goods and the inflating demand for energy-rich high-fat diets are expected to bolster the edible animal fat market over the forecasted period.

Edible Animal Fat Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the edible animal fat market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Baker Commodities Inc.
• Cargill Inc.
• Colyer Fehr Group
• Piermen B.V.
• Saria Limited
• Ten Kate Holding B.V.

Key Market Segmentation: 

The report has segmented the edible animal fat market on the basis of type, technology, signal type, industry vertical and region.

Breakup by Type:

• Butter
• Lard
• Tallow
• Others

Breakup by Source:

• Cattle
• Pig
• Others

Breakup by End User:

• Food-Industry
• Non-Food Industry

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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