Edible Animal Fat Global Market Report 2024

Description

“Edible Animal Fat Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on edible animal fat market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for edible animal fat? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The edible animal fat market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Liquid; Solid; Semi-Solid
2) By Source: Pig; Cattle; Other Sources
3) By Application: Culinary; Bakery And Confectionery; Savory Snacks; R.T.E Foods/Convenience Foods; Bio-Diesel; Other Applications
Companies Mentioned: Ten Kate Holdings B.V.; Cargill Incorporated; Darling Ingredients Inc.; Archer Daniels Midland Company; Bunge Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Edible animal fat refers to consumable fats derived from animals specifically bred, raised, slaughtered, and processed for human consumption. These fats play a prominent role in the production of margarine, shortening, compound fat, and are commonly found in various processed foods. Additionally, animal fats are utilized in the manufacturing of soaps, fatty acids, lubricants, and feedstuffs.

The primary types of edible animal fat include liquid, solid, and semi-solid forms. Liquid edible animal fats are sourced from various animals, with marine sources often providing oils rich in unsaturated fatty acids. Common sources of liquid fats include pigs, cattle, and others. These fats find application in a variety of sectors, including culinary, bakery and confectionery, savory snacks, ready-to-eat foods/convenience foods, bio-diesel production, and other diverse applications.

The edible animal fat market research report is one of a series of new reports from The Business Research Company that provides edible animal fat market statistics, including edible animal fat industry global market size, regional shares, competitors with an edible animal fat market share, detailed edible animal fat market segments, market trends and opportunities, and any further data you may need to thrive in the edible animal fat industry. This edible animal fat market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The edible animal fat market size has grown strongly in recent years. It will grow from $28.09 in 2023 to $29.58 in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth observed in the historical period can be attributed to several key factors, including increased demand from the food industry, growth in meat production, evolving consumer preferences, considerations related to the price and availability of alternatives, and expansion into export markets.

The edible animal fat market size is expected to see strong growth in the next few years. It will grow to $36.45 in 2028 at a compound annual growth rate (CAGR) of 5.4%. The anticipated growth in the forecast period can be attributed to factors such as an increasing number of health-conscious consumers, a rising interest in alternative fat sources, a growing emphasis on sustainable sourcing, the preference for clean label and natural ingredients, and a demand for customization and specialty fats. Major trends expected in the forecast period encompass the emergence of premium and gourmet offerings, the exploration of alternative fat sources, the revival of artisanal and traditional practices, innovations in culinary techniques and flavors, and an increased focus on animal welfare and ethical considerations within the industry.

The edible animal fats market is anticipated to experience growth due to the increasing adoption of these fats in the food industry. Edible animal fats are valued for their delectable flavor and exceptional cooking and baking properties, making them widely used in food production. According to articles published by the North American Renderers Association (NARA) in November 2021, the combined production of pork, beef, mutton, and poultry meat reached 64.28 million tons, showcasing a substantial year-on-year increase of 22.4%. Notably, mutton, beef, and poultry meat production experienced respective increases of 5.3%, 3.9%, and 3.8%. This surge in meat production indicates a growing demand for edible animal fats in the food industry, thereby driving the market.

The growth of the edible animal fat market is further propelled by the rising consumption of bakery products. Bakery products, including bread, rolls, cookies, pies, pastries, and muffins, often incorporate animal fats for their functional roles in binding ingredients, providing moisture, and acting as leavening agents. These functionalities are crucial for achieving the desired characteristics in various bakery items. According to a report published by the American Bakers Association in May 2021, fresh bakery products, including cakes (+10.3%) and croissants (+16.3%), saw mixed first-quarter dollar sales in 2021. The increasing consumption of bakery products is expected to contribute significantly to the growth of the edible animal fat market.

A notable trend in the edible animal fat market is the expansion of manufacturing facilities by key players. Manufacturers in the market are actively focusing on expanding their production facilities to meet the increasing demand for high-quality products. For instance, in November 2021, Cargill Inc., a US-based food corporation, announced a $35 million expansion of its Port Klang production facility in Malaysia. The expansion aims to produce a range of specialty fats for various applications, including chocolates, coatings, fillings, compounds, spreads, and bakery fats. Plant expansion is a key trend that reflects the industry's commitment to meeting market demands and enhancing product offerings in the edible animal fat market.

Major players in the edible animal fat market are actively focusing on facility expansion as a strategic move to enhance product quality and meet the growing market demand. In September 2022, Hoxton Farms, a UK-based developer of cultivated animal fat, announced a substantial $22 million facility expansion in the heart of London. This expansion is geared towards driving research efforts, facilitating the scaling up of production for the industry, and fostering collaborations with plant-based companies and supermarket chains for prototype development.

In December 2021, Darling Ingredients Inc., a US-based developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, made a significant acquisition by acquiring Valley Proteins Inc. for USD 1.1 billion. With this strategic acquisition, Darling Ingredients anticipates accretive benefits post-integration. The acquisition enhances Darling's global supply of waste fats and greases by incorporating Valley Proteins' contribution. Valley Proteins Inc., a leading exporter of poultry-based fats and proteins to feed manufacturers, as well as renewable energy ingredients for the biofuel industry, brings valuable assets to Darling's portfolio through this acquisition.

Major companies operating in the edible animal fat market include Ten Kate Holdings B.V., Cargill Incorporated, Darling Ingredients Inc., Archer Daniels Midland Company, Bunge Limited, Baker Commodities Inc., PIERMEN B.V, SARIA A/S GmbH & Co KG, Sanimax USA LLC, BRF S.A., Colyer Fehr Tallow Pty Ltd., Tyson Foods Inc., Smithfield Foods Inc., Hormel Foods Corporation, Conagra Brands Inc., Kerry Group PLC, Wilmar International Limited, Unilever PLC, Nestle S.A., Sanderson Farms Inc., JBS USA Holdings Inc., Perdue Farms Inc., Maple Leaf Foods Inc., West Liberty Foods LLC, Pilgrim's Pride Corporation

Asia-Pacific was the largest region in the edible animal fat market in 2023. The regions covered in the edible animal fat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the edible animal fat market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The edible animal fat market consists of sales of meat products, margarine, bakery products, sauces, and soup. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r9537

1. Executive Summary

2. Edible Animal Fat Market Characteristics

3. Edible Animal Fat Market Trends And Strategies

4. Edible Animal Fat Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Edible Animal Fat Market Size and Growth

5.1. Global Edible Animal Fat Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Edible Animal Fat Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Edible Animal Fat Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Edible Animal Fat Market Segmentation

6.1. Global Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Liquid
Solid
Semi-Solid
6.2. Global Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Pig
Cattle
Other Sources
6.3. Global Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Culinary
Bakery And Confectionery
Savory Snacks
R.T.E Foods/Convenience Foods
Bio-Diesel
Other Applications

7. Edible Animal Fat Market Regional And Country Analysis

7.1. Global Edible Animal Fat Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Edible Animal Fat Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Edible Animal Fat Market

8.1. Asia-Pacific Edible Animal Fat Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Edible Animal Fat Market

9.1. China Edible Animal Fat Market Overview
9.2. China Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Edible Animal Fat Market

10.1. India Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Edible Animal Fat Market

11.1. Japan Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Edible Animal Fat Market

12.1. Australia Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Edible Animal Fat Market

13.1. Indonesia Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Edible Animal Fat Market

14.1. South Korea Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Edible Animal Fat Market

15.1. Western Europe Edible Animal Fat Market Overview
15.2. Western Europe Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Edible Animal Fat Market

16.1. UK Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Edible Animal Fat Market

17.1. Germany Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Edible Animal Fat Market

18.5. France Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Edible Animal Fat Market

19.9. Italy Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Edible Animal Fat Market

20.13. Spain Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Edible Animal Fat Market

21.1. Eastern Europe Edible Animal Fat Market Overview
21.2. Eastern Europe Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Edible Animal Fat Market

22.1. Russia Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Edible Animal Fat Market

23.1. North America Edible Animal Fat Market Overview
23.2. North America Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Edible Animal Fat Market

24.1. USA Edible Animal Fat Market Overview
24.2. USA Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Edible Animal Fat Market

25.1. Canada Edible Animal Fat Market Overview
25.2. Canada Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Edible Animal Fat Market

26.1. South America Edible Animal Fat Market Overview
26.2. South America Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Edible Animal Fat Market

27.1. Brazil Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Edible Animal Fat Market

28.1. Middle East Edible Animal Fat Market Overview
28.2. Middle East Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Edible Animal Fat Market

29.1. Africa Edible Animal Fat Market Overview
29.2. Africa Edible Animal Fat Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Edible Animal Fat Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Edible Animal Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Edible Animal Fat Market Competitive Landscape And Company Profiles

30.1. Edible Animal Fat Market Competitive Landscape
30.2. Edible Animal Fat Market Company Profiles
- 30.2.1. Ten Kate Holdings B.V.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Cargill Incorporated
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Darling Ingredients Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Archer Daniels Midland Company
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Bunge Limited
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Edible Animal Fat Market Competitive Benchmarking

32. Global Edible Animal Fat Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Edible Animal Fat Market

34. Edible Animal Fat Market Future Outlook and Potential Analysis

34.1 Edible Animal Fat Market In 2028 - Countries Offering Most New Opportunities
34.2 Edible Animal Fat Market In 2028 - Segments Offering Most New Opportunities
34.3 Edible Animal Fat Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer